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Experts seek tech, data adoption for oil industry recovery post-COVID-19

Experts seek tech, data adoption for oil industry recovery post-COVID-19

Technology
Experts in the global oil industry have called for the adoption of technology and data analytics to boost the sector recovery post-COVID-19, noting that the pandemic has accelerated technology adoption as an integral component of projects and cost-reduction measures. Speaking during a webinar organised by Microsoft in conjunction with Africa Oil & Power, themed: “Leveraging the Power of Technology for Oilfield Optimisation,” the experts said digital applications are capable of uniting real-time data with advanced analytics, to improve decision-making, and boost efficiency and sustainability. Specifically, Global VP, Digital, Analytics, and Innovation/Chief Innovation Officer, McDermott, Vaseem Khan, said technology had presented Africa the opportunity to leapfrog traditional oil ...
IOCs urged to mitigate impacts of Covid-19 in oil producing communities

IOCs urged to mitigate impacts of Covid-19 in oil producing communities

Energy
Deputy Chairman, House Committee on Petroleum Resources, Preye Influence Oseke, representing Southern Ijaw Federal Constituency, Bayelsa State, has urged International Oil Companies (IOCs), especially Eni Group to mitigate the impacts of Covid-19 across oil producing communities in the region. While there have been repeated advocacies and agitations aimed at ensuring oil producing communities benefit from crude oil resources, the prevailing shocks from the outbreak of Corona reportedly worsened living condition in the region, where farmland and other natural resources are threatened. Oseke noted that with lockdowns and environmental challenges hitherto faced by host communities of oil and gas exploration and exploitation activities within the context of their surrounding ecosyste...