Technology

Nigerian startup, OneWattSolar to help Africans pay for solar using blockchain

Oct 25, 2018

OneWattSolar, a startup based in Lagos has come up with a way of allowing thousands of Africans to pay for solar energy using blockchain tokens without having to pay for the solar system infrastructure, which is funded through financial backers. It was a concept Victor Alagbe, the company’s vice president of operations and blockchain strategy, had been…

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Ikeja Electric launches mobile app for customer safety

Oct 11, 2018

A new mobile app that will help the prevention of customers and employees against electrical hazard, i-Safe has been unveiled by Nigeria’s foremost electricity distribution company, Ikeja Electric Plc. The application, developed here in Nigeria by Ikeja Electric, is designed to guarantee customer and employee safety with real-time reports on identified safety hazards within the…

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Petroleum Ministry, NNPC, others see need for digitalisation of operations

Oct 4, 2018

Key agencies of government under the Federal Ministry of Petroleum Resources have pledged to improve the digitalisation of their systems in order to boost the country’s oil and gas sector. According to the Nigerian National Petroleum Corporation, the Petroleum Equalisation Fund and other agencies under the ministry, the adequate digitalisation of the oil and gas…

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Schneider Electric leverages IoT to ensure efficiency, profitability in solar, others

Oct 3, 2018

Schneider Electric, a leading player in the digital transformation of energy management and automation is leveraging the Internet of Things (IoT) in order to ensure the efficiency and profitability of businesses with its EcoStuxure platform In a chat with newsmen on the side lines of Power Nigeria Conference in Lagos in which Schneider Electric is…

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Shell in AI, machine learning push with Microsoft

Oct 1, 2018

On Thursday, Shell Global Solutions announced it is broadening its work with Microsoft Corp. to help accelerate industry transformation and innovation. Through this collaboration, Shell will drive efficiencies across the company from drilling and extraction to employee empowerment and collaboration, as well as safety for its retail customers and employees. As part of this deal,…

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Diesel tracker software to help businesses save costs

Sep 27, 2018

Among the major challenges of any manufacturer is keeping costs to the barest minimum and especially ranging from cost of diesel and unnecessary expenses through sharp practices. IT solution and software development company, Concept Nova, says its IT solutions can help eliminate such losses. Speaking in Lagos during the launching of some its products and…

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Big data, analytics help to increase production asset uptime in oil fields

Sep 16, 2018

According to ARC Advisory Group, companies could lose up to 5% of production due to unplanned downtime. The average impact of unscheduled downtime has caused process companies to lose more than $20 billion in production annually. As production assets in the oil fields -whether offshore or onshore- are always exposed to harsh environments, maintaining equipment…

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CWG to tackle power distribution leakages with new metering technology

Sep 10, 2018

CWG Plc, a technology solution company, has sent a proposal to the federal government on how to block leakages among electricity distribution companies (Discos), through a new metering technology that comes with electricity theft prevention device. The new technology, which has full local content development, was conceptualised and designed locally by CWG, in partnership with…

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Blockchain rapidly becoming oilfield cybersecurity standard

Sep 8, 2018

As cybersecurity threats to the oil and gas industry have grown exponentially, various strategies have been deployed to safeguard companies’ computer and control systems. One new technology in particular, blockchain, has emerged as a highly innovative and effective solution. Blockchain is redefining oilfield cybersecurity. The ever-increasing onslaught of security threats has driven a major shift…

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Downstream oil firms need data to survive – E360 Africa CEO

Aug 19, 2018

Oil and gas businesses operating in the downstream retail segment of the industry risk demise if the needed attention is not paid to market data management, according to Energy360 Africa Limited. The company stressed that proper market data management will not only help to boost the returns and growth of downstream players, but will also…

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