Data Gumbo said it had more than doubled its size with the announcement on Dec. 14 of strategic new hires, international office expansions and key partnerships.
“We’ve had a tremendous year of growth bringing transactional certainty to commercial relationships across capital-intensive and asset-heavy companies,” Andrew Bruce, CEO and founder of Data Gumbo, said in a statement.
Headquartered in Houston, Data Gumbo provides the oil and gas industry with a transactional network to automate contracts through GumboNet, an interconnected blockchain network. The company has subsidiary offices in Stavanger, Norway and London.
In addition to making 20-plus strategic new hires and strong customer adoption and increased interest in GumboNet this year, Data Gumbo also unveiled plans in a Dec. 14 company release to open offices in Latin America and the Middle East.
“In 2020, Data Gumbo achieved numerous milestones including forging a robust sales pipeline, expanding our executive team, receiving a capital infusion to support momentum, and adding several strategic partnerships,” Bruce continued in his statement. “While it’s been a challenging year navigating the tumult of a pandemic and downturned oil market, we are excited for the bright future ahead as some of the world’s most critical industries are discovering GumboNet to not only survive but thrive out of this crisis.”
With the first close of its Series B funding round in late September, Data Gumbo said it added experienced talent to guide the company into the future. Recent new hires include:
- Richard Dobbs, board chairman;
- Bill Arend, chief commercial officer;
- Bruce Bain, head of channels and alliances;
- Gina Manassero, vice president of communications; and
- Henry St. Aubyn, vice president of services — Europe.
Other successful company milestones include a new application of GumboNet by Air Drilling Associates in Southeast Asia to support geothermal energy drilling contract execution and invoice payment processes within the energy sector. HENDERSON, a sales and services company for drilling rigs and capital equipment, also made the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations.
This coming year, Data Gumbo will focus on wider industry adoption of GumboNet to move companies into digital automation for unparalleled trust and value, according to the company release.
“In the last 12 months, Data Gumbo has come to the forefront with extraordinary ROI and validation of the many benefits available through our blockchain-powered smart contracts,” Bruce said. “We enable companies to leverage trust to capture unprecedented cost-savings, and streamline operational efficiencies in a global transactional environment, and are primed for a great year ahead building on our existing momentum. More hires and offices are planned in 2021, as we anticipate a year of fast and wider spread adoption of GumboNet.”
Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.
Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.
Building an ESG case and presenting the right evidence to stakeholders across the value chain has become a riddle wrapped in a mystery inside an enigma for producers and service providers in oil and gas. So how are they setting about solving it?