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" ... For Watson, internally growing a Chesapeake Energy-level of output over the next four years means a focused number of massive bets. In Kazakhstan Chevron will invest $25 billion more into the Tengiz megafield to take daily production to 1 million barrels from the current 750,000. In Nigeria it's investing $2 billion offshore as well as $8 billion to build the nation's first gas-to-liquids plant, which turns natural gas into higher-value diesel and lubricants. In the deepwater Gulf of Mexico Chevron has plowed in $12 billion to build out three more fields, which are projected to produce 100,000 barrels per day by 2015, a figure that would make Chevron a leader in developing ultradeep fields far offshore. ... "
" ... Saudi Aramco's 15 billion barrel Shaybah megafield. BILAL QABALAN/AFP/Getty Images ... "
" ... The oil giant has put 10 oil and wind power projects on the blockchain, including its new megafield in the North Sea. ... "
" ... This Houston-based startup is putting the energy industry on the blockchain. Take Johan Sverdrup, the new 750,000-barrel-per-day North Sea megafield owned by Equinor. The Norwegian oil giant installed thousands of sensors that feed the equivalent of 15 high-def video streams into the blockchain-based data platform operated by Data Gumbo. The platform manages dozens of “smart contracts” and uses data from the field to determine contract completion—eliminating mountains of paperwork and potentially saving billions of dollars. “We use data from the field to confirm transactions, and we store that data in the chain,” says Data Gumbo CEO Andrew Bruce. “No party can change any part of the transaction that provides the trust; there’s not two versions of the truth.” Data Gumbo’s investor along with Equinor is the venture arm of Saudi Aramco. ... "