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A weekly podcast on the impacts of digital technologies on the oil and gas sector

Jun 11, 2024

Emissions management in energy is in drastic need of improvement. Carbon management is not carried out in an auditable and transparent way, is not standardized for the energy industry. As a result, carbon measures are subject to misinterpretation, claims reversal, misstatements, and greenwashing. Trust in the industry has eroded.

A number of leading energy companies embarked on a journey to transform the practices of the industry by adopting new modern digital technologies. Forming a consortium called Blockchain for Energy, the companies set out to design and deploy common interoperable solutions that addressed the industry's more intractable problems.

One of its first products is called B4E Carbon, and is a new cutting edge emissions management solution. The solution provides an end to end mechanism for measuring and reporting carbon emissions, for compliance, regulatory, and commercial needs. Data is captured at source, ingested, transformed and stored immutably in an accessible database.

The leader of the Consortium is Rebecca Hofmann, an experienced energy executive with a background in multiple dimensions of the oil and gas sector.

The Blockchain for Energy (B4E) consortium provides its members with forward thinking learnings and solutions. It collaboratively drives digital transformation by providing members with opportunities to accelerate their digitalization journey. Through collective synergies, B4E seeks to resolve, reinvent, and transform the industry’s standard ways of working with external parties. Blockchain for Energy is a safe venue to create transformational change – for the energy industry – by the energy industry. Current B4E members and collaborators include Chesapeake Energy, Chevron, ConocoPhillips, Devon Energy, ExxonMobil, Repsol, Saudi Aramco, Schlumberger, Enovate AI, Emerson ZEDI, Hedera, GBBC/IWA and Tolam Earth.

B4E Carbon was developed with the assistance of Enovate AI, founded by Camilo Mejia. With a background in Petroleum Engineering, Data Science, and Business Administration, Camilo has held global executive positions in corporate environments.

Enovate AI delivers business and operational process optimization for decarbonization and energy independence through digital engineering and automation. Enovate AI’s proven technology model is enabled by the capacity to deliver digital solutions that accelerate a clean, efficient, and diversified energy supply. Enovate AI supports oil and gas, renewables, and CCS operations with an end-to-end digital package from optimization to monetization. Enovate AI supports a cleaner, more efficient, and diversified energy industry through the deployment of effective AI solutions. At Enovate AI we realize the full potential of process autonomy to create a more profitable, sustainable, and environmentally responsible energy industry across the globe.

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Disclaimer: The views expressed in this video are my own and do not constitute professional advice.