Gulf Oil and Gas accountACCOUNT

BHGE and TREXM Partner in Nigeria

Source: www.gulfoilandgas.com 6/1/2018, Location: Africa

Share |
Baker Hughes, a GE company, has unveiled plans to partner with local firm, TREXM Oil and Gas Services to bring about its latest innovating metering solution into the Nigerian market. this, it said, would help players in the sector to cut costs, reduce risk and increase operating efficiency.

The new cutting-edge solution new Sentinel LCT8, was revealed at the technology seminar on custody transfer metering in Lagos. The event was hosted by the US Consulate’s Commercial Desk in conjunction with BHGE and TREXM Oil an Gas Services.

Brent Omdahl, the Commercial Counselor, said the event was put together as a platform for interaction between oil and gas operators and regulatory bodies, as well as to introduce the latest trends in liquid custody transfer metering in the Nigerian market.

He said the BHGE, together with TREXM, has met all custody transfer metering requirement set by the main regulatory body in the Nigerian oil industry, which subsequently led to the acquisition of an official approval for ultrasonic flow metering to be used.

Also speaking at the seminar, the CEO, Sub Saharan Africa, BHGE, Mr Ado Osaragbaje, said the launch was a sign of continued efforts to aid the growth of Nigeria’s oil and gas sector, stressing that the new Sentinel LCT8 will help tackle some of the challenges currently being experienced by operators in the industry.

Bolu Bolutife Odusanya, CEO of TREXM Nigeria, in his remarks said “the right technology, like the Sentinel LCT8 can reduce the uncertainty inherent in flow measurement. It gives pipeline operators confidence in their process measurement and the insight they need to avoid problems when revenue, the environment, or reputations are at stake,”

Financials and Investment News in Nigeria >>

United Arab Emirates >>  8/14/2018 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced that the issue of its new Sukuk has been completed...
United Kingdom >>  8/13/2018 - Petrofac has secured US$300 million of new bank facilities with existing relationship banks. These new committed facilities, which will mature in 2020...

Iran >>  8/6/2018 - Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. ...
Iran >>  8/5/2018 - Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency...

Brazil >>  8/3/2018 - Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international o...
Azerbaijan >>  8/1/2018 - The EU Member States agreed on European Commission proposal to invest €48.4 million in several key European energy infrastructure projects using funds...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

 

Oil & Gas Companies in Nigeria >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.