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Drilling Production 2000 P13

  • 06/28/2000 -- Exploration/Development news briefs, June 28
    Triton Energy � Energy Africa � Robo Enterprises � AMG Oil � Indo-Pacific Energy � Kerr-McGee � Pendaries Petroleum � TransGlobe Energy ... Vintage Petroleum
  • 06/28/2000 -- Statoil outlines development plan for Glitne field
    Norway's Statoil AS today submitted to the Norwegian Ministry of Petroleum and Energy a plan for the development and operation of Glitne oil field, near Sleipner field on Block 15/5 in the Norwegian North Sea. The plan calls for drilling to begin Oct. 1 and the field to come on stream in the third quarter 2001.
  • 06/26/2000 -- OPEC's compromise deal: Will it work?
    OPEC has effected a compromise between its price hawks and doves that won't put that much more crude oil into the market in the near term but probably will take some heat out of oil prices eventually.
  • 06/22/2000 -- Electric Power news briefs, June 22
    TECO ... BGE ... Dynegy .... ALSTOM ESCA ... APB Energy ... Chapel Hill Brokers ... RedMeteor.com ... Electricit�e France ...Gaz de France ... TransCanada PipeLines ... Arizona Public Service ... Entergy Gulf States
  • 06/21/2000 -- OPEC agrees to 708,000 b/d output hike
    The Organization of Petroleum Exporting Countries quickly agreed Wednesday to increase its oil production another 3%, or 708,000 b/d, to a total 25.4 million b/d, effective July 1. That increase apparently was a mid-point compromise between a smaller hike of 500,000 b/d, preferred by Venezuela and Iran, and a bigger bump of 900,000 b/d, which Saudi Arabia and some other members reportedly favored.
  • 06/21/2000 -- Market watch, June 21
    Unconfirmed rumors that OPEC ministers might increase production only half as much as previously speculated triggered a strong rebound in world oil futures prices Tuesday.
  • 06/21/2000 -- Canadian Natural seeks partner for oilsands project
    Canadian Natural Resources Ltd. (CNRL), Calgary, says it is in talks with two groups as part of its quest for a 50% joint venture partner to develop a $6.5 billion (Can.) oilsands project in northern Alberta. CNRL Chairman Allan Markin said the company is looking for a partner with experience in upgrading and marketing. He said CNRL would like to work with a partner with an existing upgrader because the potential to bring the project on stream is better.
  • 06/21/2000 -- Finance/Companies news briefs, June 21
    Seacor Smit � Chiles Offshore � Tartan Energy � Albatross Oil & Gas � McDermott International � Babcock & Wilcox International Investments � Ansaldo Volund Group .... Duke Energy Field Services � TransCanada Midstream ... PEPEX ... Unocal ... Northrock Resources ... Petro-Canada ... Ventus Energy Ltd. ... Edge Energy Inc.
  • 06/20/2000 -- Azerbaijan approves onshore Padar PSC
    Valekh Aleskerov, head of the foreign investment department at the State Oil Co. of Azerbaijan Republic, said recently that the Milli Majlis, the Azerbaijani Parliament, has approved the production-sharing agreement (PSA) for the Padar concession. Aleskerov noted that the Padar PSA is Azerbaijan's first onshore exploration contract. The concession, about 60 miles southwest of Baku in the Kura River basin, covers about 410 sq miles.
  • 06/20/2000 -- Key Energy to spend $25 million on rig upgrades
    With demand for natural gas rising and its backlog of gas-related drilling, completion, and workover services growing, well service firm Key Energy Services Inc., East Brunswick, NJ, said Monday it will refurbish 50-60 workover and completion rigs. The firm has scheduled about $25 million worth of rig work for 2001, aimed at serving the onshore natural gas regions of the US, Argentina, and Canada.
  • 06/20/2000 -- Electric Power news briefs, June 20
    AES Corp. ... Conectiv ... Carolina Power & Light ... Con Edison ... Westinghouse Electric Co. .... BNFL PLC ... CMS Energy Corp. ... Michigan Public Service Commission
  • 06/20/2000 -- Latest oil price cycle offers lessons, insights
    The peaks and valleys seen in oil prices the past 4 years offer insight into lessons learned in the oil price downturn of 1997-98 and future demand trends in the US market, says a senior economist with the Federal Reserve Bank in Dallas.
  • 06/20/2000 -- Rodr�ez: OPEC faces new challenges in changing oil market
    The formation of the Organization of Petroleum Exporting Countries in 1960 was one of the greatest revolutionary events of the 20th Century, but the organization today is faced with a series of new challenges, says Venezuelan Minister of Energy and Mines Al�odr�ez Araque. Speaking in Caracas a few days before the upcoming OPEC ministerial meeting, which begins Wednesday in Vienna, the minister expressed his views on the past, present, and future of the organization.
  • 06/19/2000 -- Husky Oil, Renaissance Energy announce merger
    Husky Oil Ltd. and Renaissance Energy Ltd., both of Calgary, jointly announced on Monday that they've agreed to merge. The new company, Husky Energy Inc., will be Canada's second largest producer of oil and natural gas and its fourth largest downstream retailer.
  • 06/19/2000 -- Norsk Hydro rig resumes operation
    The drilling rig Bideford Dolphin has resumed operation at Vigdis field in the Norwegian North Sea, and oil production of about 280,000 b/d from Snorre and Vidgdis fields is back on line, Norsk Hydro AS reported Monday.
  • 06/19/2000 -- Conoco to make major UK asset purchase from Norsk Hydro
    In a move that will significantly bolster its UK continental shelf oil and gas interests, Conoco Inc.'s UK subsidiary has agreed to acquire the assets of Saga UK Ltd. from Norsk Hydro AS for $540 million. The portfolio includes producing fields Britannia, Alba, and Gryphon and several exploration licenses that Norsk Hydro acquired through its purchase of Saga Petroleum ASA.
  • 06/16/2000 -- Norway to raise oil production?
    With crude oil prices trading above $32/bbl, the Norwegian government has indicated that it will decide 'in the coming days' whether or not to scrap its current curb on oil output, reports the OPEC News Agency. Oil production of about 280,000 b/d remained idle Thursday at Snorre and Vigdis fields, said Norsk Hydro AS.
  • 06/16/2000 -- Market watch, June 16
    Energy futures prices closed mixed in trading on the New York Mercantile Exchange (NYMEX) Thursday. Unleaded gasoline prices continued their upward march. Complex factors are contributing to high gasoline pump prices, says Texaco Inc. CEO Peter I. Bijur.
  • 06/15/2000 -- WPC: Technology unlocking unconventional hydrocarbon resources
    New technology is unlocking additional unconventional hydrocarbon resources around the globe, from northern Alberta to Australia and Venezuela�s Orinoco Belt. Speakers at the World Petroleum Congress (WPC) in Calgary Wednesday stressed the role of technology in a variety of large-scale projects.
  • 06/15/2000 -- Drilling-production news briefs, June 15
    Sable Offshore Energy Project's Venture platform shut in; Noble, INA form JV to operate jack up.

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