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Drilling Production 2000 P

  • 08/31/2000 -- Saudi Arabia calls for 'appropriate increase' in OPEC oil output
    Saudi Arabia has called for an 'appropriate increase' in oil production from the Organization of Petroleum Exporting Countries in order to restore equilibrium to the international oil market and re-establish price stability. The call was made in a statement issued Wednesday at the end of a meeting of the kingdom's Higher Council for Petroleum and Minerals, chaired by King Fahd bin Abdulaziz al-Saud, the Saudi Press Agency reported.
  • 08/31/2000 -- Triton spuds Ceiba-6 well, begins completion of Ceiba-2
    Triton Energy Ltd., Dallas, said Wednesday that it has spudded the Ceiba-6 well off Equatorial Guinea, and that Global Marine Inc.'s R.F. Bauer drillship, a Sedco-700 semisubmersible rig, started completion of the Ceiba-2 well this week after completing Ceiba-4. Triton plans to drill up to six exploration wells after Ceiba-6.
  • 08/30/2000 -- Texas independent declares Moroccan oil-gas discovery
    Skidmore Energy Inc., Salado, Tex., said its Moroccan affiliate Lone Star Energy drilled a discovery well on Block 3 of the Talsinnt Permit in the High Plateau basin. The SBK-1 well on the Sidi Belkacem prospect 'confirms the petroleum system and the potential of the Triassic and Jurassic age sediments on the northern flank of the Atlas Mountains,' said geologist and Skidmore Pres. John Sobehrad.
  • 08/30/2000 -- Finance/Companies news briefs, Aug. 30
    Chevron � Tengizchevroil ... GREKA Energy � Capco Resources � Osprey Energy � Anadarko ... BPR Energy � Bargo Energy � Lehman Brothers � Chase Securities � Dominion Resources � Pontotoc Production � New York Mercantile Exchange � Andersen Consulting � BHP � Mitsubishi � QCT Resources � Santos ... Aspen Group Resources ... Old Dominion Oil
  • 08/29/2000 -- Indo-Pacific Energy plans Taranaki basin drilling
    Indo-Pacific Energy Ltd., Vancouver, BC, said Monday that a farmout agreement recently signed with Texas Petroleum Investment Co. (TPIC), Houston, will provide funding for exploration wells to be drilled in the onshore region of the Taranaki basin in New Zealand. Terms of the agreement call for TPIC to fund the Ratapiko-1 exploration well, which will be drilled on Permit PEP 38723 in November. TPIC also will fund a second exploration well on another prospect on the permit.
  • 08/28/2000 -- PanCanadian to acquire Montana Power's gas, oil interests
    PanCanadian Petroleum Ltd., Calgary, said Monday it plans to purchase the upstream, midstream, and marketing divisions of Montana Power Co., Butte, Mont., for $475 million (US). Montana Power will use the proceeds from the sale to expand Touch America, its national fiber-optic and wireless broadband telecommunications subsidiary, said Robert P. Gannon, Montana Power's chairman and CEO.
  • 08/28/2000 -- Drilling/Production news briefs, Aug. 28
    Ensco International � Cal Dive International � Peru � Perez Companc � Occidental Petroleum � Petrotech International
  • 08/28/2000 -- BHP reveals additional pay zone for Atlantis appraiser
    Broken Hill Proprietary Co. Ltd. (BHP), Melbourne, on Monday revealed that the Atlantis-2 appraisal well in the US Gulf of Mexico found a further 200 ft of net oil pay, in addition to the oil-bearing Miocene sands reported in July (OGJ Online, July 18, 2000). This additional zone brings the total net pay to over 500 ft.
  • 08/28/2000 -- PanCanadian to acquire upstream, midstream assets of Montana Power
    PanCanadian Petroleum Ltd., Calgary, said Monday it plans to purchase the upstream, midstream, and marketing divisions of Montana Power Co., Butte, Mont., for $475 million (US). The sale includes subsidiaries that have interests in exploration, production, and marketing of crude oil, natural gas, and gas liquids in the US and Canada.
  • 08/23/2000 -- Aker, Cammell Lairds team up for floater conversions
    Ship repair specialist Cammell Lairds PLC and Aker Maritime ASA's UK subsidiary Aker McNulty today sealed a teaming agreement for floating production conversion work. The deal builds on a cooperative relationship forged by the two companies when working together on projects including Enterprise Oil PLC's Pierce Berge Hugin floating production, storage, and offloading vessel, and the Kerr-McGee Janice floating production unit.
  • 08/22/2000 -- Exploration/Development news briefs, Aug. 22
    Agip Denmark�F�roya Kolvetni�Conoco�Occidental Petroleum�Adair Yemen Exploration�Occidental Yemen Sabatain�Saba Yemen Oil�Dansk Olie og Naturgas�RWE-DEA�Denerco Oil�EWE� BG International�Delek Drilling �Isramco Negev 2�Clal Industries & Energy�I.O.C. Dead Sea�Dor Chemicals�Petrochemical Industries�Naphtha Israel Petroleum�Naphtha Explorations�Isramco
  • 08/22/2000 -- Remington participates in Gulf of Mexico finds
    Remington Oil & Gas Corp., Dallas, Tex., said Tuesday a new discovery in which it participated has tested at more than 2,400 b/d of oil. Remington also updated other operational activities.
  • 08/22/2000 -- Finance/Companies news briefs, Aug. 22
    Kerr-McGee�Statoil Exploration US�Mullen Transportation�E-Can Oilfield Services Group�Ultramar Diamond Shamrock�Tosco�El Paso Energy�Enerplus Group�Vastar Resources�BP�Lyondell Chemical�Petroleos de Venezuela SA�Diversa�Celanese
  • 08/21/2000 -- corrected: Transocean Sedco Forex to acquire R&B Falcon in $8.8 billion deal
    Transocean Sedco Forex Inc. has agreed to acquire R&B Falcon Corp. in a $8.8 billion deal that would make it the third-largest oil field service company in the world�behind Halliburton Co. and Schlumberger Ltd.�as well as the largest offshore drilling contractor, officials said Monday.
  • 08/21/2000 -- Renaissance shareholders approve Husky Oil takeover bid
    Shareholders of Calgary-based Renaissance Energy Ltd. today approved a $4.42 billion (Can.) takeover bid by Husky Oil Ltd., Calgary. The friendly takeover bid, announced June 19, will create the second largest Canadian integrated oil company.
  • 08/21/2000 -- Texaco awards three contracts for Venezuelan project
    Texaco Inc., White Plains, NY, and its partners in the Hamaca heavy oil project in Venezuela's Orinoco Belt announced plans Friday to award three major engineering, procurement, and construction contracts, valued at $1.074 billion, to consortia led by Fluor Daniel Corp. and Venezuela's Inelectra/Parsons.
  • 08/18/2000 -- Drilling/Production news briefs, Aug. 18
    Santos�Tengasco�Marine Drilling�Esso Exploration�Petroleo Brasileiro�Rolls-Royce�Statoil�Ranger Oil (UK)�Shell UK�Maersk Contractors�Ranger Oil PC�Premier Pict Petroleum�Bow Valley�Roc Oil UK
  • 08/18/2000 -- Report: Smaller energy companies to enjoy revenue growth
    Smaller energy companies will enjoy an exponential growth of revenues and profits with strong fundamentals of supply and demand now dominating the global oil and gas market, officials of the Magnum Financial Group said Friday.
  • 08/18/2000 -- PDVSA reports $3.891 billion net profit
    State oil corporation Petroleos de Venezuela SA (PDVSA) announced Thursday that it posted a net profit of $3.891 billion for the first half of this year�up $3.333 billion over the same period in 1999.
  • 08/18/2000 -- Anderson Exploration increases capital budget
    Anderson Exploration Ltd., Calgary, has increased its capital budget by 18% to $774 million (Can.) for its 2001 fiscal year, which begins Oct. 1. The company says it will drill more than 800 wells in 2001, the largest annual total in its history. It expects to complete about 550 wells this year.
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