Worldwide offshore rig count and utilization rate
The total number of jackups, semis, and drillships under contract grew by six units from 483 in February to 489 rigs through March, while the global supply stayed flat at 758 rigs. As a result, utilization improved from 63.7% in February to 64.5% in March. The number of rigs working also improved between February and […]
Buhari to flag off construction of $2.8bn AKK pipeline on June 30
Barring unforeseen circumstances, President Muhammadu Buhari will on June 30 flag off the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline construction. The project is a 614km-long natural gas pipeline currently being developed by the Nigerian National Petroleum Corporation (NNPC). Minister of State, Petroleum Resources, Mr Timipre Sylva, made the disclosure in Abuja on Tuesday while inaugurating […]
Shell begins staff evacuation at Bonga field over COVID-19
Nigeria’s oil production is facing risk as rising number of coronavirus cases among workers at offshore oil fields and platforms in the country is a growing concern with disruption to output. Maintenance at the offshore Bonga oil field has already been disrupted after the operator, Shell, was forced to evacuate workers due to a coronavirus […]
Nigerian petroleum department criticises companies for Covid response
The Nigerian Department of Petroleum Resources (DPR) has criticised the country’s offshore companies for failing to implement health and safety measures to tackle the spread of the Covid-19 pandemic announced by the department in April. Read More
Pangea Breakup Cooled Earth’s Mantle, Thinned Crust
According to a new study, the oceanic crust produced by Earth today is thinner than crust made 170 million years ago during the time of the supercontinent Pangea. The thinning is related to the cooling of Earth’s interior prompted by the splitting of the ancient supercontinent. The study, led by University of Texas Institute for […]