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IPS Bulletin


  • About the Bulletin
  • Internet of things
  • Petroleum Updates

About the Bulletin
This bulletin is written by students of the Centre for Oil and Gas Technology at IPS.
The content and views expressed in this document reflect only the opinion of the authors and not of the School.

Over the years, the energy industry has experienced transitions in technology. With challenges encountered in the operation and control of machinery, the need to develop smart tools to mitigate the challenges and enhance productivity is paramount. With growth and development being a driving force behind the operation of the energy industry, devices have been developed to promote communications between physical devices and humans to aid production processes.  As such,  the developed devices are connected by a network generally known as the “internet of things”.

Internet of Things (IoT) gives a description of a network of physical objects - “things”- that are embedded with sensors,    software,   and other relevant technologies to facilitate the connection and exchange of data between devices or systems over the internet.   With the application of internet of things in industrial operations with emphasis placed on the energy industry, a significant improvement in data management, and control of sophisticated equipment is observed.

Source: Forbes.com

As seen above, IoT plays a key role in revolutionizing the energy industry, some notable applications include the following; Remote asset monitoring and management, Improved grid management, Automated processes, Smart energy meters, and smart building.


 Petroleum Updates   

Crude oil spot prices rise:


WTI - $67.75

Brent - $71.00

UK Nat Gas - $4.462

Bonny Light - $70.63

Shell pays $111m over 1970s oil spill in Nigeria
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