Why innovation will drive new developments in Nigerian Oil and Gas

We've talked here before about the importance of technical innovation in the Nigerian oil and gas industry, and the fundamental part it has to play in helping this sector to grow and to develop in the coming years. The oil and gas sector is one in which operators are able to use technological innovation to really get ahead of the competition - these kind of advances allow companies to explore, extract and process oil and gas more efficiently and so increase their profit margins. And in a sector as potentially difficult and even dangerous as the oil and gas industry, any advantage that a company can leverage over the competition is crucial. But, here at Midwestern Oil we believe that technical innovation is only a small part of the picture. "Technical innovation is obviously at the heart of any successful oil and gas business," says our Chairman Onajite Okoloko. "It's what keeps us ahead in such a challenging environment. But it...
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Nigerian oil and gas companies are investing more in innovation

The recent announcement that Nigeria will soon be hosting the biggest oil and gas trade show in Africa is a real sign of the times. The inaugural Nigeria International Petroleum Summit (NIPS) will be held early next year in Abuja, and while many of the details about the event are yet to be firmed up, one thing is very clear already. “This is a time of exciting and groundbreaking innovation in our indigenous oil and gas industry,” says our Chairman, Mr Onajite Okoloko. “Shows like NIPS are testament to this - it is a gathering of the brightest minds in our industry that shows our growing commitment to innovation.” An age of innovation The sheer scale and ambition of the show is certainly encouraging, as it will be an opportunity for the industry to come together to share best practice, the latest technologies and to discuss the emerging trends in our ever-changing industry. It’s also a chance to showcase innovative new products and...
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