2026 Global: Blockchain In Oil And Gas Market -Competitive Review (2032) report
Description
The 2026 Global: Blockchain In Oil And Gas Market -Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for blockchain in oil and gas market by geography and historical trend. The scope of the report extends to sizing of the blockchain in oil and gas market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Shell, BP, TotalEnergies, Eni, and ADNOC are major adopters and integrators of blockchain across trading, commodity tracking, fuel-origin verification, and emissions certification, with initiatives such as ADNOC’s molecule-to-market tracking and consortium work with IBM and other oil majors to digitize supply-chain and joint-venture processes. IBM and SAP provide enterprise blockchain platforms and middleware widely used for supply‑chain provenance, smart contracts, and integration with existing E&P systems; market analysis identifies IBM and SAP among the top vendors in the blockchain-in-oil-and-gas landscape and highlights their role in driving large-scale deployments and interoperability with legacy ERP and ETRM systems. Infosys and Hindustan Petroleum appear as significant incumbents in the industry market share and service delivery—Infosys by offering blockchain-enabled digital transformation and integration services for trading, procurement and operations, and Hindustan Petroleum by piloting traceability and certification projects that leverage distributed ledgers to demonstrate compliance and fuel origin claims.
VAKT, DATA GUMBO, and EnHelix act as specialized platforms and consortia that convert industry workflows into smart‑contract networks to reduce reconciliation, automate AFE and revenue‑sharing, and enable secure multi‑party data sharing; DATA GUMBO’s GumboNet and EnHelix’s ETRM-focused offerings are explicitly targeted at oil & gas transactional certainty and paperless trading. Ondiflo, Dafecs, and Finboot (MARCO) are notable technology providers and startups that tokenize assets, automate procure‑to‑pay workflows for field services, and integrate IoT/sensor data with blockchain for automated settlement and proof-of-service, thereby addressing long‑standing industry pain points such as hauling tickets, custody transfer, and supplier disputes. The OOC/Blockchain for Energy consortium (including ExxonMobil, Chevron, ConocoPhillips and others) has also driven standardization pilots—truck ticketing and AFE balloting are cited as examples that reduced approval times dramatically—illustrating how a combination of operator consortia and specialized vendors is advancing production, midstream custody transfer, and trading use cases.
Market research and industry reporting indicate the competitive landscape combines large systems integrators (IBM, Infosys, SAP), national oil companies and supermajors (Shell, BP, TotalEnergies, Eni, ADNOC) deploying blockchain at scale, and focused platform providers or startups (VAKT, DATA GUMBO, EnHelix, Ondiflo, Dafecs, Finboot) that productize smart contracts, tokenization, and IoT-to-ledger integrations to commercialize specific O&G workflows; a 2025 market assessment ranks Hindustan Petroleum, IBM, Infosys, and SAP among the top share contributors and forecasts rapid market growth driven by traceability, emissions accounting, and cyber‑resilience requirements that favor decentralized ledger solutions.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for blockchain in oil and gas market by geography and historical trend. The scope of the report extends to sizing of the blockchain in oil and gas market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Shell, BP, TotalEnergies, Eni, and ADNOC are major adopters and integrators of blockchain across trading, commodity tracking, fuel-origin verification, and emissions certification, with initiatives such as ADNOC’s molecule-to-market tracking and consortium work with IBM and other oil majors to digitize supply-chain and joint-venture processes. IBM and SAP provide enterprise blockchain platforms and middleware widely used for supply‑chain provenance, smart contracts, and integration with existing E&P systems; market analysis identifies IBM and SAP among the top vendors in the blockchain-in-oil-and-gas landscape and highlights their role in driving large-scale deployments and interoperability with legacy ERP and ETRM systems. Infosys and Hindustan Petroleum appear as significant incumbents in the industry market share and service delivery—Infosys by offering blockchain-enabled digital transformation and integration services for trading, procurement and operations, and Hindustan Petroleum by piloting traceability and certification projects that leverage distributed ledgers to demonstrate compliance and fuel origin claims.
VAKT, DATA GUMBO, and EnHelix act as specialized platforms and consortia that convert industry workflows into smart‑contract networks to reduce reconciliation, automate AFE and revenue‑sharing, and enable secure multi‑party data sharing; DATA GUMBO’s GumboNet and EnHelix’s ETRM-focused offerings are explicitly targeted at oil & gas transactional certainty and paperless trading. Ondiflo, Dafecs, and Finboot (MARCO) are notable technology providers and startups that tokenize assets, automate procure‑to‑pay workflows for field services, and integrate IoT/sensor data with blockchain for automated settlement and proof-of-service, thereby addressing long‑standing industry pain points such as hauling tickets, custody transfer, and supplier disputes. The OOC/Blockchain for Energy consortium (including ExxonMobil, Chevron, ConocoPhillips and others) has also driven standardization pilots—truck ticketing and AFE balloting are cited as examples that reduced approval times dramatically—illustrating how a combination of operator consortia and specialized vendors is advancing production, midstream custody transfer, and trading use cases.
Market research and industry reporting indicate the competitive landscape combines large systems integrators (IBM, Infosys, SAP), national oil companies and supermajors (Shell, BP, TotalEnergies, Eni, ADNOC) deploying blockchain at scale, and focused platform providers or startups (VAKT, DATA GUMBO, EnHelix, Ondiflo, Dafecs, Finboot) that productize smart contracts, tokenization, and IoT-to-ledger integrations to commercialize specific O&G workflows; a 2025 market assessment ranks Hindustan Petroleum, IBM, Infosys, and SAP among the top share contributors and forecasts rapid market growth driven by traceability, emissions accounting, and cyber‑resilience requirements that favor decentralized ledger solutions.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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