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IPS Bulletin


  • About the Bulletin
  • Digital Transformation
  • 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.

The way businesses are conducted is changing because of digital transformation.  Understanding the potential of our technology,  or addressing the question, “What is our technology actually capable of, and how can we adjust our business and procedures to make the most of our technology investments?” is an important part of digital transformation.

Digital transformation is defined as the process of using digital technologies to create new  —  or modify existing — business processes,  culture, and customer experiences.

The oil and gas industry is undergoing a digital transition that will have a  multifaceted impact on the upstream sector as well as petroleum engineering. Companies have begun to invest in digital technologies such as  Big  Data, Analytics, Automation & AI, 3D printing, Internet of Things (IoT), and others in order to integrate  IT with essential operational tasks such as production, maintenance, safety, and asset management.

Source: Sentegroup.com

The four industrial revolutions are depicted in the diagram above. Certain technologies have changed the industry throughout history and the fourth revolution is underway, and it entails a complete digital transformation of industrial processes.


 Petroleum Updates   

Crude oil spot prices rise:


WTI - $77.15

Brent - $80.77

UK Nat Gas - $5.928

Bonny Light - $77.67

Dpr targets N3.2 Trillion in revenue by December 2021
  • Institute of Petroleum and Energy Studies,
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  • Port Harcourt, Rivers State, Nigeria.
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