Drilling Production 2000 P

09/08/2000 -- International rig count rises in August
The anticipated rebound in the international rig count (the world excluding the US and Canada) materialized last month as the total reached 705, up 6% from the 662 counted in July 2000, and a rise of 27% vs. the 556 counted a year ago. Houston-based Baker Hughes Inc. released that data this week.
09/08/2000 -- Statoil delays start up of gas pipeline
The start-up of Statoil AS's new Norne-Heidrun gas pipeline system in the Norwegian Sea has been postponed to Nov. 15 from Oct. 1. The delay, caused by the late arrival of Saipem's Maxita crane ship from Royal Dutch/Shell's nearby Draugen field, will not increase investment but means that the licensees of the two fields must seek replacement gas.
09/08/2000 -- Electric Power news briefs, September 8
Entergy Corp. ... TLG Services Inc. ... Alliance Pipeline LP ... Xcelecom, Inc. ... Sierra Pacific Resources ... UIL Holdings Corp. ... Johnson Electric Co. Inc. ... TenderLand Power Co. ... NRG Energy Inc. ... San Diego Gas & Electric Co. ... California Public Utilities Commission
09/08/2000 -- Market Watch, Sept. 8
Energy futures prices climbed further in trading on the New York Mercantile Exchange Thursday, as markets failed to respond to expectations that an oil production increase will arise from this weekend's meeting of oil ministers from Organization of Petroleum Exporting Countries members. NYMEX crude for October delivery gained 49� on the day to end the day at $35.39/bbl, while the November contract stood at $34.54, up 56�.
09/08/2000 -- OPEC'S MUDDLESOME METHODS COSTLY TO EVERYONE
The Organization of Petroleum Exporting Countries will define itself this weekend - again. Its decision about mission will be even more important in the long run than what it decides to do about oil production.
09/07/2000 -- Drilling/Production news briefs, Sept. 7
Keppel Fels � Transocean Sedco Forex � Caspian Shipyard Co. � SOCAR ... Lukoil � Petroleum Geo-Services ... UTI Energy ... UHC New Mexico
09/07/2000 -- Shell, Esso award pipe contracts to CSO
Coflexip Stena Offshore said Tuesday that its Norwegian entity Coflexip Stena Offshore Norge AS has been awarded engineering, procurement, construction, and installation (EPCI) contracts, worth more than 60 million euros combined, by AS Norske Shell and Esso Exploration & Production Norway AS.
09/07/2000 -- Washington, DC, firm says FPS market strong
Over the next 5 years, 13-17 floating production systems will be ordered every year, says International Maritime Associates Inc., Washington, DC. In its latest forecast of the outlook for floating production, storage, and offloading vessels; production semisubmersibles; tension-leg platforms; and spars, IMA said the fundamentals for the FPS sector look very strong. It believes companies will spend $16-21.9 billion on FPS orders over the next 5 years.
09/06/2000 -- Suncor puts Australian oil shale project on hold
Suncor Energy Inc., Calgary, announced it will spend $13-$22 million (Can.) as its share of a project to resolve operational issues at its a $250 million Stuart joint venture oil shale demonstration project in Australia. The project will be put on hold until concerns about environmental and social impacts are addressed, said Suncor. In addition, the company agreed to an after-tax writedown of $80 million (Can.) on the project, reflecting increased costs and delayed oil production.
09/06/2000 -- Cost-cutting technology to tap 'small but many opportunities' in UK North Sea
Shell Expro Managing Director Malcolm Brinded has followed up his welcome recent announcement of the oil company's enlarged $1.2 billion capital expenditure program for the UK sector of the North Sea with a confident vision of a domestic offshore oil industry prolonging its productive life through new technologies and further cost-cutting.
09/06/2000 -- API urges home heating oil users to fill tanks
The American Petroleum Institute has urged New England heating oil consumers and suppliers to refill storage tanks before the winter heating season begins. API Policy Analysis and Statistics Director John Felmy said, 'We realize that fuel prices are higher than last year and there may be an inclination on the part of homeowners to wait until heating oil is really needed to fill up.' But, he said, the delivery system could be strained if homeowners and suppliers wait until the first cold snap.
09/06/2000 -- Venezuelan minister proposes oil price information campaign
Venezuelan Energy and Mines Minister Al�odr�ez Araque told Venezuela's El Nacional newspaper that, during the next Organization of Petroleum Exporting Countries' ministerial conference, which starts Sunday, he will propose the launch of a worldwide information campaign aimed at explaining the real issues behind oil prices.
09/04/2000 -- Group urges funding increase for US low-income heating program
Warning that US natural gas prices could further increase this winter, five senior executives with the Natural Gas Council urged President Clinton and the chairs of the US House of Representatives and Senate Appropriations Committee to increase funding for the Low-Income Home Energy Assistance Program (LIHEAP). They also asked Clinton to consider releasing emergency funds earlier in the winter season for low-income households hit by large gas bills.
09/04/2000 -- Drilling/Production news briefs, Sept. 4
Woodside Energy � FMC Southeast Asia � GeoSphere Exploration � Greymouth Energy � Re-source Exploration � Ngati Te Whiti Hapu Society � Chevron Australia � Marine Drilling � Esso Norge � Procon Drilling Services � CanArgo Energy � AES Gardabani
09/04/2000 -- Coplex announces Santos Basin farm-in
Naftex Energy Corp. subsidiary Coplex Petroleo do Brasil Ltda. and two other companies have entered a farmout agreement with Petroleo Brasileiro SA that will give them a combined 65% working interest in Block BS-3 in the Santos Basin off Brazil's southeast coast.
09/04/2000 -- Exploration/Development briefs, Sept. 4
Sibneft � Ocean Energy � Kerr-McGee Oil & Gas � Cal Dive International � Enterprise Oil � Esenjay Exploration
09/04/2000 -- Processing news briefs, Sept. 4
Ultramar Diamond Shamrock � Tosco � Syncrude Canada � GE Plastics � Jacobs Engineering � Sargeant Bulktainers � American International Petroleum Corp. ... Sunoco ... Syntroleum
09/04/2000 -- Shell spend hike raises North Sea sights but 'no new boom'
The UK North Sea's slow-rolling recovery from the lowest activity levels in its history was today given a further shot in the arm by news from Shell Exploration & Production PLC that it plans to inject some $1.2 billion in to as many as half a dozen new developments in the province over the coming year. On top of an increased capital outlay, the oil major added it would be expanding investment in its exploration drilling and seismic programs by as much as $300 million over the next 5 years.
09/01/2000 -- IRANIAN UNREST STIRS SPECTER OF OIL SUPPLY JOLT
In their anxiety over the supply and price of crude oil, market observers may be watching the wrong side of the Persian Gulf.
09/01/2000 -- Heat wave heats up natural gas prices to record high
It's hard to tell what's hotter right now: the weather in the US Southwest and South Central states, the country's natural gas drilling rig activity, or natural gas futures prices. All three categories are marking record highs this week.

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Drilling Production 2000 P