1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014

Drilling Production 2000 P16

  • 05/11/2000 -- Canadian gas drilling rebounds but production lags
    Canada's drilling activity for natural gas is enjoying record levels, but that hasn't translated into production growth in the western provinces. A concentration on shallow gas and fields that deplete quickly has led to flat production. Over the next year, increasing demand may boost gas prices.
  • 05/08/2000 -- North American weekly rig count rises
    North American drilling activity registered a healthy increase for the week ended May 5, with 833 rotary rigs working in the US and another 170 in Canada. For the month of April, the worldwide average rig count was 1,553, down 220 or 12% from March but up 397 or 34% from last year, Baker Hughes officials reported Friday.
  • 05/04/2000 -- Careful planning of deepwater drilling cuts costs
    Spending more time planning before drilling and using fixed platforms as hub facilities for satellite subsea wells help slash costs for deepwater operators in the Gulf of Mexico, according to new studies by the Ziff Energy Group.
  • 05/04/2000 -- TransCanada agrees to sell OCENSA pipeline stake
    TransCanada PipeLines Ltd., Calgary, said Thursday it would sell its 17.5% interest in Colombia's Oleoducto Central SA (OCENSA) and its 50% interest in CIT Colombiana SA (CITCOL) for $117 million (US) to Calgary-based Enbridge Inc., an energy transportation, distribution, and service provider. Proceeds realized from the sale will help TransCanada strengthen its financial position by focusing on reducing debt and overhead costs, said Doug Baldwin, TransCanada's president and CEO.
  • 05/04/2000 -- TransCanada sells OCENSA pipeline stake to Enbridge
    TransCanada PipeLines Ltd., Calgary, said Thursday it would sell its 17.5% interest in Colombia's Oleoducto Central SA (OCENSA) and its 50% interest in CIT Colombiana SA (CITCOL) for $117 million (US) to Calgary-based Enbridge Inc., an energy transportation, distribution, and service provider. Proceeds realized from the sale will help TransCanada strengthen its financial position by focusing on reducing debt and overhead costs, said Doug Baldwin, TransCanada's president and CEO.
  • 05/03/2000 -- US oil and gas profits rebound in 1999; spending falls
    Rising crude oil and natural gas prices, combined with lower operating costs, gave the largest US oil and gas companies a five-fold increase in net profits in 1999 vs. 1998, according to a new report released by petroleum research company John S. Herold Inc.
  • 05/03/2000 -- Phillips, BP Amoco announce North Slope discovery
    Just 2 weeks after it took over ARCO's Alaska assets, Phillips Petroleum Co. and partner BP Exploration (Alaska) Inc. have revealed that the Meltwater oil discovery on Alaska's North Slope appears to be major.
  • 04/30/2000 -- Alberta sour gas plants may get government help
    Alberta�s energy minister says the province may pick up part of the estimated $227 million (Can.) cost of upgrading older sour natural gas plants to meet more stringent emission standards.
  • 04/30/2000 -- Cal Dive takes stake in deepwater prospect
    Another oil field service firm has joined the list of those taking a direct interest in oil and gas projects.
  • 04/30/2000 -- Rowan to inaugurate new jack up class
    Houston-based Rowan Cos. Inc. said it will design and construct a $190 million jack up, to be known as Gorilla VIII. Based on the Super Gorilla class of rigs, this class will be known as Super Gorilla XL.
  • 04/30/2000 -- Changes in store for France's oil industry
    Despite a record year-to-year drop in profits in 1999, from 6.1 billion francs to 0.8 billion, France's oil industry maintained its investments, which, at 5.1 billion francs, were comparable to the 1998 level. Soaring crude prices compounded by the dollar appreciation led to high energy costs in refineries and to squeezed margins, while the scheduled shutdown for maintenance of eight of France's refineries did not improve matters, as volumes processed fell 9.2% to 83.4 million tonnes despite
  • 04/30/2000 -- IPAA finds slow response to higher prices
    WASHINGTON, DC�The Independent Petroleum Association of America predicts US petroleum consumption (including NGL) will average 7.83 million b/d in 2001, up 0.7% from 2000. Imports of crude and products will average 11.30 million b/d, up 1.8%. Crude imports alone will climb 0.9% to 9.24 million b/d.
  • 04/29/2000 -- DLJ: Oilfield service firms' stock values up; earnings remain low
    Oilfield service company stocks outperformed the market during the first quarter, but earnings were relatively dull by comparison, say analysts at Donaldson, Lufkin and Jenrette.
  • 04/29/2000 -- Cook field produces first oil
    Enterprise Oil PLC has announced first oil from Cook field in the UK North Sea; the field is producing at 10,000 b/d.
  • 04/29/2000 -- TotalFinaElf - Agip JV lets Doroud subcontract
    France's TotalFinaElf SA and Italy's Agip SPA let a $10 million subcontract related to the $1 billion redevelopment of Doroud oil field off Iran.
  • 04/29/2000 -- BG awards Blake field pipeline contract
    BG International Ltd. has awarded a �250,000 contract to UK firm Andrew Palmer & Associates for design of the pipelines and associated structures for its Blake field development in the UK North Sea.
  • 04/29/2000 -- API sues MMS on royalty rule
    The American Petroleum Institute will determine this month whether to ask a federal court to block a controversial US Minerals Management Service oil royalty valuation rule from taking effect June 1.
  • 04/20/2000 -- Could oil prices reach $50/bbl? Or does OPEC still have the situation well in hand?
    Could oil prices reach $50/bbl? Or does OPEC still have the situation well in hand?
  • 04/07/2000 -- Natural gas prices likely to remain robust well into 2001
    Deliverability problems ensure natural gas prices will remain robust well into 2001.
  • 03/31/2000 -- Laggard loans
    A year ago, as small US oil producers were suffering from rock-bottom oil prices, Sen. Pete Domenici (R-NM) had an idea.

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