The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale. The industry platform, called VAKT, announced yesterday that a host of new petrochemical and oil giants – including Chevron, Total, and Reliance – are joining the likes of Shell and jumping aboard the energy trading platform, Reuters reports. Traditionally, the buying and selling of energy commodities is paper-based, meaning that credit notes and invoices have to be completed manually, and then emailed, faxed, or even posted to the… This story continues at The Next Web
KUALA LUMPUR: Matrix Global Education Sdn Bhd (MGE), a subsidiary of Matrix Concepts Holdings Bhd, has partnered Bondanza Educare Sdn Bhd in a bid to rationalise and reorganise the operations of the Matrix brand of schools.
KUALA LUMPUR: Hibiscus Petroleum Bhd's wholly-owned unit, SEA Hibiscus Sdn Bhd, had on November 2018 appointed RISC Advisory Pty Ltd to undertake an independent audit and provide an assessment of reserves and contingent resources within the Barton, St Joseph, South Furious and SF 30 oil fields in the North Sabah PSC, offshore Sabah.