Schneider Electric offers efficient digital solutions to Nigerian oil & gas firms

Aug 15, 2018

Schneider Electric says it is committed to providing the industry with digital solutions for businesses that are guaranteed to enhance profitability and optimise costs. The specialist in energy management solutions made this known during the Society for Petroleum Engineers/Nigerian Annual International Conference and Exhibition in Lagos. The Oil and Gas Segment Lead, Schneider Electric, Mrs.…

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Drones set to reduce operating costs for oil, energy and mining industries

Aug 14, 2018

Cheap drones are poised to boost output and cut operating expenses for the energy industry. The unmanned aerial vehicles are generally faster and less expensive than people, and can go places that may not be safe for workers. As costs fall, and their capabilities increase, drones are spotting leaks in natural gas pipelines, helping utilities…

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Osinbajo says local tech solutions best for climate change issues

Aug 4, 2018

The development, deployment and transfer of locally relevant climate technologies remain the best solution to climate change challenges, the Acting President, Prof. Yemi Osinbajo, has said. The Office of the Vice-President said Osinbajo made the statement on Friday at the inauguration of the Nigeria Climate Innovation Centre (NCIC) situated at the Enterprise Development Centre of…

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Blockchain can improve petrol, power consumption for Nigerians – Expert

Aug 2, 2018

Chuta Chimezie, Paxful Africa director has said that Blockchain technology, which is at an experimental stage can make access to petroleum products in Nigeria affordable and seamless using its digital assets. Chimezie who spoke on the theme, “Coin For All (CFA)”, said with the digital assets, everyone can buy petroleum products like fuel, gas, diesel…

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Oil commodity trading braces for imminent blockchain disruption

Jul 16, 2018

The physical commodity trading business will be transformed in the coming years by the onset of distributed ledger technologies such as blockchain, driven by the competitiveness and cost advantages that come with digitization. Early movers will be commodities such as oil that are well developed. Crude oil will be one of the first commodities where…

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Repsol partners Google to boost oil refinery efficiency using AI

Jun 10, 2018

Repsol has today announced that it is working with Google Cloud to launch a project that will use big data and artificial intelligence to optimize management of the Tarragona refinery. Refineries are among the largest and most complex industrial facilities. Repsol’s Executive Managing Director of Downstream, María Victoria Zingoni, and Google’s Country Manager for Spain…

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Baker Hughes partners indigenous firm TREXM on oil metering technology

May 26, 2018

Baker Hughes, a GE company, in partnership with a local firm, TREXM Oil and Gas Services, has unveiled its latest innovative metering solution in the Nigerian market to help players in the oil and gas sector cut costs, reduce risk, and increase their operating efficiency. The new cutting-edge solution new Sentinel LCT8, was unveiled in…

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Air Force to deploy drones to secure oil facilities in N. Delta

May 19, 2018

The Nigerian Air Force has said it would deploy drones to secure oil installations in the creeks of Niger Delta. The service said its recently inducted drones otherwise known as Unmanned Aerial Vehicles, UAVs, will help secure oil and gas pipelines as well as other critical oil installations in the Niger Delta. Source: Vanguard

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Kachikwu commends DPR on digital crude monitoring platform

May 11, 2018

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has commended the Department of Petroleum Resources for the digital technological breakthrough in crude oil accounting through the deployment of the National Production Monitoring System platform, The Punch reports. Kachikwu, who was on a working visit to the DPR, lauded the foresight and leadership of…

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Schneider Electric unveils new range of products, rewards performing partners

Apr 26, 2018

Schneider Electric, global specialist in energy management, softwareand automation unveiled a new range of cable management systems customised for new and modern buildings, during a grand Retail Partners event in Lagos. The engineering design of the products enhances architectural finishing of structures and buildings while facilitating access to electronic devices and appliances. Aesthetics are improved…

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