Category: Oil & Gas

Nigeria Loses $25bn In Oil Sector to Uncontrolled Weights, Measures Annually

At a time the Federal Government is clamouring for plugging of leakages to address economic shortfalls, bureaucracy caused by absence of weights and measures are making the country incur an operational loss of $25 billion annually in the oil and gas sector alone. A break-down of these losses shows that $7.5 billion is lost yearly […]

GNBS New Oil and Gas Department Stringently Monitoring the Measurements of Crude Onboard The FPSO Vessel

News, Oil & Gas, Product MonitoringNo Commentson GNBS New Oil and Gas Department Stringently Monitoring the Measurements of Crude Onboard The FPSO Vessel As the National Metrology Institution with legislative responsibilities for ensuring the accuracy of weighing and measuring devices in all sectors of the economy, the Guyana National Bureau of Standards (GNBS) plays an important role […]

How Is Oil Measured In the Field

Oil and gas metering or measurement is the phase along the hydrocarbon supply value chain where exploration and production (E&P) efforts turn into profits for operators, investors, and other relevant stakeholders.  Hydrocarbon metering is carried out using specialized and high-precision equipment to ensure accuracy. Oil and gas measurement is the process of quantifying the mass […]

Metering System in Oil & Gas Sector Takes Off Next Month

By Franklin Alli The Federal Government has scheduled February 1, 2014 to commence full implementation of metering system in the oil and gas industry under its Weights and Measures Act. The Director of Weights and Measures, Federal Ministry of Industry, Trade and Investment, Engr. Oluyinka Joseph Sikuade, who disclosed this at the weekend, said: “This […]

What You Need To Know About Oil and Gas Measurements.

Accurately measuring oil and gas production plays an important role. It helps to determine the value and profitability of wells and also to ensure efficient allocation and management of resources. Using advanced extraction and production tools, companies can streamline operations and make informed decisions based on accurate data. To understand the importance of measurement in […]

The Evolution of Weighing Procedures In The Oil and Gas Industry

Weighing procedures have advanced significantly in the oil and gas business over the years. More precise and effective techniques for measuring and weighing in operations are required as technology develops.Weighing procedures in oil and gas operations have evolved from manual scales to extremely complex systems, completely changing the business totally.Weighing was done by hand in […]

Local Challenges, Global Solutions: Addressing Security Concerns in Nigeria’s Oil and Gas Operations

Introduction: Nigeria, a key player in the global oil and gas sector, has faced persistent security challenges that impact the smooth operations of the industry. From oil theft to attacks on facilities and personnel, addressing security concerns has become paramount for both local and international players involved in Nigeria’s oil and gas operations. This article […]

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