Drilling Production 2000 P

05/16/2000 -- Conoco makes UK North Sea discovery
Conoco and partner Chevron plan to drill an appraisal well later this year on their new Kappa oil and gas discovery in the UK sector of the North Sea. The well cut a 150-ft hydrocarbon column and was logged, but not tested.
05/16/2000 -- Market Watch, May 16
Oil futures prices continued to climb, with NYMEX crude again nearing $30/bbl as OPEC officials indicate no plans to increase production above current 'satisfactory' levels. OPEC members gave a cold shoulder to US officials pushing for the organization to again increase production.
05/16/2000 -- Japan seeks increased Iran crude supplies
Japan and the US could be headed for a showdown over Japan�s plan to improve economic ties with Iran. Japan's Ministry of International Trade and Industry is expecting to shortly open talks with Iran to procure more stable crude oil supplies. A ministry official told OGJ the specific agenda has yet to be decided, but the focus of the talks would be on crude supplies and other energy-related topics.
05/15/2000 -- Drilling/Production news briefs, May 15
Soekor E&P � Energy Africa � Pluspetrol Peru Corp. � Occidental Peruana Inc.
05/15/2000 -- Finance/Companies news briefs, May 15
Syncrude Canada Ltd. ... New York Mercantile Exchange
05/12/2000 -- Baker Hughes: US rig count essentially flat
US drilling activity remained relatively flat, with 830 rotary rigs working during the week ended May 12, down 3 from the previous week but up strongly from 507 during the same period a year ago, Baker Hughes Inc. officials reported Friday. Meanwhile, drilling activity in Canada continued to improve, following the seasonal slowdown from the spring thaw.
05/12/2000 -- Finance/Companies news briefs�May 12
Gaz de France � Precision Drilling Corp. � Plains Energy Services Ltd. � Rio Alto Exploration Ltd. � Renata Resources Inc. � Petrobank Energy and Resources Ltd. � Ranger Oil Ltd. � Gulf Canada Resources Inc. � Petrovera Resources � PanCanadian Petroleum Ltd. � Australian Gas Light Co. � Australian Pipeline Trust � Dongguan Gas Corp. � Foshan Gas Corp. � and more
05/12/2000 -- California offshore explored with extended-reach wells
Oil and gas companies are stymied from developing new leases off the California coast because of state and federal moratoria, but that doesn�t mean they�re sitting on their wallets.
05/12/2000 -- Chevron purchases Argentina properties
Chevron Corp. subsidiary Chevron San Jorge SA, Buenos Aires, said Tuesday it's purchasing 100% interests in four properties from Alberta Energy Co. Argentina SA, a wholly owned subsidiary of Alberta Energy Co. Ltd. The properties include two exploration permits, CNQ 27A and CNQ 31, as well as two production concessions, inclusive of their producing fields, Puesto Prado and Puesto Flores-Estancia Vieja. Production from these fields is 1,200 b/d.
05/11/2000 -- IMPORT DEPENDENCY AND ENERGY POLICY
Sen. Frank Murkowski (R-Alas.) wants to do several right things for the energy business. But the reason on which he bases his initiative will eventually hurt the business.
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.
05/10/2000 -- Drilling/Production news briefs, May 10
Ranger Oil Ltd. ... Forest Oil Corp. ... BP Amoco PLC ... Petroleo Brasiliero SA ... Navis ASA ... Texaco Inc. ... Precision Drilling International
05/10/2000 -- UK North Sea oil production rises; gas output down
The average daily value of UK oil production in March reached its highest real level since October 1990, according to the May edition of the Royal Bank of Scotland PLC's Oil and Gas Index. That daily average of �44.8 million was 114.5% more than the average recorded in March 1999, thanks to surging oil prices and a slight weakening of the British pound sterling against the US dollar.
05/08/2000 -- Finance/Companies news briefs, May 8
Dominion Exploration & Production Inc. ... Mariner Energy Inc. � Le Norman Partners LLC ... Bargo Energy Co. ... Roc Oil Ltd. � Star Energy Ltd. � Trikem � BASF AG
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.
05/05/2000 -- Texaco completes Petronius platform installation
Texaco Inc. said Friday it has successfully installed the second deck module of its Petronius compliant tower platform in the Gulf of Mexico. The module was built to replace the original $70 million module, which was lost during its offshore lift in December 1998.
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 -- Anadarko reports increased Bossier production
Anadarko Petroleum Corp., Houston, on Wednesday reported increased natural gas production from a Dew field extension well in the Bossier sand play in East Texas.

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Drilling Production 2000 P