ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% without any additional capital investment. The ESP software unit is now operational for more than three months in 500
Royal Dutch Shell said on Wednesday it has begun output at its Prelude Floating Liquefied Natural Gas (FLNG) facility in Australia, the world’s largest floating production structure. It is also the last of a wave of eight LNG projects built in the country over the last decade. The project started up later and cost more
Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) has collceted requests from eight renewable energy companies to get or renew electricity production and distribution licenses. According to an official in Egypt ERA, FAS Energy has requested for a permanent license to manufacture renewable energy from its solar plant in Benban in Aswan governorate, while
On completion, according to the President of the Group Aliko Dangote, the project will generate over 15,000 jobs in the state The $450million pact which was signed in the government house will see the company producing raw sugarcane on 16,000 hectares of land In another bold move for self-sufficiency in sugar production through the government’s
The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. Phase 2 follows the success of the first phase of the Gbaran-Ubie integrated oil and gas development, which was commissioned in June 2010. Peak production of around 175,000 barrels of
Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, is set to restore Nigeria lost glory in the agricultural sector and reposition the country as the highest oil palm producer in the world with its recent signing of N232million Pilot phase of Out-growers Agreement with Biase Plantations Limited (BPL) and its joint venture partner, PZ
