Baker Hughes to improve Nigerian LNG reliability by Daniel J. Graeber Washington (UPI) Sep 19, 2017 Software solutions for liquefied natural gas facilities in Nigeria could improve operational stability by as much as 20 percent, Baker Hughes said. The field services company, which is now under the GE umbrella, said it was asked by Nigeria LNG Ltd to come up with a software management system to support performance at a liquefaction plant at Bonny Island, Nigeria. With the program, Baker Hughes said it would work to reduce trips on the system by as much as 20 percent within three years. "Asset Performance Management and similar digital solutions are crucial to securing the future of operations within the oil and gas industry, particularly in the LNG market," Maria Sferruzza, the president of LNG process solutions at Baker Hughes, said in a statement. The digital technology uses GE software to improve reliability through sensors and connectivity. Nigeria is an oil producer and a member of the Organization of Petroleum Exporting Countries. For gas, Nigeria LNG Ltd. said its facilities have the capacity to produce as much as 22 million tons of LNG per year through the intake of 3.5 million cubic feet of natural gas per day. Nigeria is exempt from an OPEC-led effort to balance an oversupplied global market for crude oil because it needs oil revenue to finance national security efforts. Explosions from an undisclosed origin occurred near two of its gas transmission pipelines in February. In July, the U.N. Industrial Development Organization started a program to help Nigeria steer its economy away from oil. The Nigerian economy slipped into recession last year under the strains of lower oil prices and a decline in oil production.
Washington DC (UPI) Sep 18, 2017 Oil-rich Kazakhstan has ambitions to become a "high-income country," but it needs support to diversify its economy, the Asian Development Bank said. "Fulfilling the country's potential to become a high-income country will require substantial knowledge contributions and financial resources," Giovanni Capannelli, ADB country director for Kazakhstan, said in a statement. Since joini ... read more Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |