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Drilling Production 2000 P10

  • 08/08/2000 -- Vastar, Blue Dolphin sign gas transport pact
    Vastar Resources Inc. has reached an agreement with Blue Dolphin Energy Co. under which Blue Dolphin will provide transportation services for Vastar's natural gas production from High Island Block A-5 in the Gulf of Mexico. Blue Dolphin Energy will build a 3.4-mile, 12-in. diameter pipeline to transport gas from Vastar's High Island A-5 platform to Blue Dolphin 's Black Marlin Pipeline on High Island Block A-6. The 120 MMcfd pipeline is expected to be commissioned within 60 days.
  • 08/08/2000 -- Diamond Offshore to upgrade Ocean Baroness semi
    Diamond Offshore Drilling Inc., Houston, said Monday it has awarded a contract to Keppel Fels Ltd., Singapore, for the upgrade of its Ocean Baroness semisubmersible drilling rig to fifth-generation capabilities for deepwater drilling. The upgrade is estimated to cost about $180 million and to take 18 months, including mobilization to the Singapore shipyard. The semi will leave the Gulf of Mexico within 30 days.
  • 08/07/2000 -- Dominion to buy Millstone nuclear plant
    Dominion Resources Inc., Richmond, Va., said it has reached an agreement to purchase the Millstone nuclear power station near New London, Conn., for about $1.3 billion cash from Northeast Utilities. The purchase price for the three-unit station includes approximately $105 million for nuclear fuel. Dominion reported it expects the transaction to close by April 2001.
  • 08/07/2000 -- Kværner undeterred by Aker bid rejection
    Kjell Almskog, president and CEO of Norwegian contracting giant Kværner AS, promised his company would push on in its bid to take over Aker Maritime AS despite its rival's flat-out rejection of today's 4.5 billion kroner all-share offer�its fourth approach in 15 months�as far too low. The latest overture from Kværner comes after three previous sit-downs with Aker failed to reach agreement on price.
  • 08/07/2000 -- EIA: Gas demand, prices strong through spring
    High electric prices are getting headlines. But consumers are just beginning to feel the bite from rising natural gas prices. Natural gas drilling is up but additional production will not be available this winter, says the Energy Information Administration. EIA expects Canadian imports to help alleviate a tight supply situation.
  • 08/03/2000 -- Executive: Japanese firms should adopt Enron business model
    Hikaru Yamada, CEO of Sprint Capital and an advisor to some of Japan's largest companies, says that Japanese companies should emulate the example set by Enron on how to adapt old-economy operations to make full use of the new economy. 'The conversion of Enron into an ESP [energy service provider] has been highly successful, and Japanese companies should pool their resources into forming similar groups,' Yamada told OGJ Online in an exclusive interview this week.
  • 08/02/2000 -- National Oilwell to buy Baylor Co.
    National Oilwell Inc. has signed a letter of intent to buy Baylor Co. and its subsidiaries from Boots & Coots International Well Control Inc. for a yet-undetermined price, officials said Tuesday.
  • 08/01/2000 -- Drilling/Production news briefs, Aug. 1
    British Gas Trinidad & Tobago � J. Ray McDermott � BG ... BP � Transocean Sedco Forex � Derek Resources � Suncor Energy
  • 08/01/2000 -- Finance/Companies news briefs, Aug. 1
    Pembina Pipeline � Federated Pipe Lines � Imperial Oil � Anderson Exploration � Cambridge Energy � Enterprise Products Partners � Hawks Industries � Universal Equities Consolidated � David H. Peipers � The Cornerhouse � The Winsome LP � Vectren Enterprises � Haddington Energy Partners � Chase Capital Partners � Nuevo Energy � Mariner Energy � Shell Exploration & Production � Agip Petroleum
  • 07/31/2000 -- Market watch, July 31
    A refinery closure continued to buoy futures prices Friday on the New York Mercantile Exchange, where the August contract for unleaded gasoline jumped 3.77� to 95.03�/gal.
  • 07/31/2000 -- BP spuds third Shah Deniz well
    BP has begun drilling the third well in the Shah Deniz offshore contract area in the Azeri sector of the Caspian Sea. The well is being drilled with the Azerbaijan-based Istiglal semisubmersible rig in the northwestern part of the reservoir, close to Bahar gas-condensate field.
  • 07/28/2000 -- Are natural gas markets headed for panic? And is that a good thing or a bad thing?
    Are natural gas markets headed for panic? And is that a good thing or a bad thing?
  • 07/26/2000 -- Parker Drilling-Saipem JV snags Karachaganak contract
    The Karachaganak Petroleum Operation BV consortium this week awarded a three-year drilling contract to Tulsa-based Parker Drilling Co. and joint venture partner Saipem SPA of Italy. Under the contract, Parker and Saipem will provide five of six rigs and conduct work for Karachaganak Integrated Organization on the Karachaganak development project near Aksai, western Kazakhstan.
  • 07/26/2000 -- US Senate panel approves bill earmarking OCS revenues
    The US Senate Energy and Natural Resources Committee Tuesday approved 13-7 a bill to earmark $2.99 billion/year of the federal government's Outer Continental Shelf oil and gas revenues for conservation programs. Senate sponsors plan to bring their Conservation and Reinvestment Act (CARA) bill to the floor in September, but it faces a filibuster threat from western US senators.
  • 07/26/2000 -- Drilling/Production news briefs, July 26
    Union Drilling acquires five rotary rigs; Petroleum Services Association of Canada forecasts rise in 2000 drilling activity.
  • 07/26/2000 -- Exploration/Development news briefs, July 26
    Santa Fe Snyder � Isramco � BG International � Isramco Negev 2 � Naphtha Israel Petroleum � Naphtha Explorations � IOC Dead Sea � Delek Drilling � Clal Industries & Energy � Dor Chemicals � Israel Petrochemicals ... Russian PSA legislation
  • 07/26/2000 -- US gasoline prices continue to drop
    US Energy Sec. Bill Richardson said Tuesday that US gasoline prices have fallen for the fifth week in a row, particularly in the Midwest. 'Crude oil prices have also dipped, but more importantly, stocks are beginning to rebuild,' he said.
  • 07/25/2000 -- Triton finds new oil pool off Equatorial Guinea
    Triton Energy Ltd., Dallas, has revealed that its Ceiba-5 appraisal well, drilled on Block G off Equatorial Guinea, not only confirmed the primary oil pool found in the first four Ceiba wells but also encountered a deeper pool with an additional high-quality reservoir not seen in any of the previous Ceiba wells. Ceiba-5, which Triton calls a 'significant step-out well,' cut 243 ft of net oil-bearing pay in three zones.
  • 07/25/2000 -- US DOE picks projects to store CO2
    The US Energy Department will fund 13 projects that will seek economic ways to capture and store carbon dioxide, which is believed to contribute to global warming. DOE will spend $13.7 million on the projects over the next 3 years, and the project sponsors will spend $10 million. DOE has received 60 applications.
  • 07/25/2000 -- Market watch, July 25
    Worldwide energy futures prices continued to tumble Monday as US gasoline shortages seemed to disappear before threats of increased oil production, officials said.

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