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Drilling Production 2000 P3

  • Mon Nov 27 10:11:00 CST 2000 -- Association: Western Canada conventional crude reserves decline, other reserves up
    Conventional oil reserves in Western Canada continued to decline in 1999, but remaining reserves of crude oil and oil equivalent increased by 2.1 billion bbl, says the Canadian Association of Petroleum Producers. The CAPP annual reserves report to year-end 1999 said reserves additions came primarily from oilsands areas; the industry also added an estimated 5 tcf of natural gas.
  • Fri Nov 24 09:11:00 CST 2000 -- Martens named Mexican energy minister
    Mexican president-elect Vicente Fox, who takes office Dec. 1, has named former Cintra Airlines chief Ernesto Martens as his energy minister. Martens is a chemical engineer with 35 years of experience with manufacturing firms. Fox has yet to name a president for Petroleos Mexicanos.
  • Thu Nov 23 09:11:00 CST 2000 -- MMS begins offshore California drilling study
    The US Minerals Management Service is planning an Environmental Impact Statement for proposed exploratory drilling off Santa Barbara County, Calif. The study will examine proposals to drill five to eight wells on three leases in the Santa Maria Basin and in the western Santa Barbara Channel.
  • Thu Nov 23 09:11:00 CST 2000 -- Williams buys into Venezuelan LNG project
    A unit of Williams said Thursday it is buying TransCanada Pipeline Ltd.�s 49.25% interest in the ACCROVEN project in Venezuela. The project includes the construction and operation of two 400 MMcfd gas liquids extraction plants, a 50,000 b/d gas liquids fractionation plant, and other facilities.
  • Thu Nov 23 04:11:00 CST 2000 -- Yme faces end of the line
    The licensees at Statoil's Yme field have decided to close down production from the small Norwegian North Sea development next summer, on the basis of new production and oil price forecasts which look to make Yme uneconomic. The contract with Mærsk Contractors Norge AS, which owns and operates the Mærsk Giant production jack-up that has producing oil from the field since Feb. 1996, has been cancelled as of 1 June 200.
  • Thu Nov 23 04:11:00 CST 2000 -- BP, Shell make fourth oil find offshore Angola
    The Angolan E&P units of European oil giants BP PLC and the Royal / Dutch Shell Group yesterday announced a fourth oil discovery on prolific deepwater block 18 offshore Angola. The Paladio well was tested at 3,980b/d of 31� API crude suggesting, according to oil companies, the "possibility of a significant oil accumulation." BP said "further work will needed to evaluate the full extent of Paladio."
  • Wed Nov 22 10:11:00 CST 2000 -- CNRL to drill 200 wells in Alberta this winter
    Canadian Natural Resources Ltd., Calgary, says it will drill 200 coreholes this winter on leases in northern Alberta, where it plans to develop a major oilsands project. The company says it will file for regulatory approval for the Mic Mac project in 2002. It acquired the leases from BP Amoco in mid-1999.
  • Wed Nov 22 08:11:00 CST 2000 -- Statoil makes 'promising' find on Falk
    Statoil SA has a 'promising' discovery on the Falk structure northeast of its Norwegian North Sea Norne field. Statoil said the well found oil in early Jurassic sands, but the size of the discovery remains uncertain. The well, 6608/11-2, operated by the West Navion drillship in 350 m of water, was terminated 2,200 m below sea level.
  • Mon Nov 20 11:11:00 CST 2000 -- Shell to revive production from Thai block
    Royal Dutch/Shell Group has decided to revive oil production work in block B6/27 in the Gulf of Thailand, which was shut down 3 years ago due to technical problems. Earlier this year, the company began reconsidering the project because of favorable reassessment of geological data indicating oil presence in Nang Nuan, as well as rising oil prices.
  • Mon Nov 20 10:11:00 CST 2000 -- ONGC to increase production of crude
    India's government-owned Oil & Natural Gas Corp. (ONGC) plans to spend more than $1 billion on a two-pronged strategy to increase the production of oil and gas in existing basins and expand offshore drilling.
  • Mon Nov 20 07:11:00 CST 2000 -- Power plants electronic systems 'like sieves'
    Power plant electronic security is just beginning to emerge as an issue within the industry, but third party liability could heighten its profile, experts said during Power-Gen International. Joe Weiss, technical manager of the enterprise security project for EPRI, and LeVord M. Burns, FBI unit chief of training and continuing education at the National Infrastructure Protection Center (NIPC), warned many systems are vulnerable to intrusion.
  • Fri Nov 17 16:11:00 CST 2000 -- DOE details technology available for deepwater gulf
    The US Department of Energy plans to issue a 'roadmap' of future technology advancements that could aid production of oil and gas in the ultra-deep waters of the Gulf of Mexico. DOE officials will release the document at three public meetings.
  • Fri Nov 17 14:11:00 CST 2000 -- Marathon begins Tchatamba West production
    Marathon Petroleum Gabon LDC has begun producing 6,000 b/d of oil from the Tchatamba West field, in 165 ft of water 15 miles off Gabon. The Marathon Oil Co. unit estimates Tchatamba West contains 7 million bbl of oil. Marathon and its partners are developing the field via a single well.
  • Fri Nov 17 13:11:00 CST 2000 -- Further consolidation forecast for nuclear industry
    More US nuclear plants are ending up in fewer hands with the odds being some five to six companies will own the US fleet of 100 plants, says the head of a firm that consults on nuclear unit sales. Originally utilities believed five or six units were the most that could be run efficiently by a single operator, said Doug Chapin, principal officer of MPR Associates Inc., at Power-Gen International. But recent transactions suggest the thinking has changed.
  • Fri Nov 17 00:11:00 CST 2000 -- OPEC's oil market schizophrenia: hike or cut?
    OPEC faces pressure to boost oil output again but instead is thinking about a cut--and with good reason.
  • Thu Nov 16 16:11:00 CST 2000 -- Phillips brings Alpine field on stream
    Phillips Alaska Inc. has begun production at Alpine oil field on Alaska's North Slope. Phillips said Thursday Alpine will reach peak production of 80,000 b/d by yearend. It estimates the field's recoverable reserves at 429 million bbl. The field will cost more than $1 billion to develop.
  • Wed Nov 15 14:11:00 CST 2000 -- Fracturing project mixes fluids downhole
    The US Energy Department reports that mixing the fluids used to fracture a gas formation downhole could be a better technique than mixing them on the surface. RealTimeZone Inc., Roswell, NM, used the downhole mixing technique in a 12,300-ft gas well near Carlsbad.
  • Wed Nov 15 12:11:00 CST 2000 -- Southeastern Poland exploration program planned
    Polish Oil and Gas Co. (POGC), the national energy firm, will buy 30% of a EuroGas Inc. subsidiary and become operator of an oil and gas concession in southeastern Poland.EuroGas holds exploration/development rights to 1,070,000 acres in ten concessions.
  • Wed Nov 15 12:11:00 CST 2000 -- Patterson Energy to buy Jones Drilling
    Patterson Energy Inc., Snyder, Tex., said Wednesday it is acquiring Jones Drilling Corp. for $36.2 million. The deal includes Jones' affiliates Henderson Welding, Inc., L.E.J. Truck and Crane, Inc., and LE Jones Drilling Co.
  • Tue Nov 14 16:11:00 CST 2000 -- API notes 1999 drop in drilling expenditures
    After 4 years of increases, US oil and gas drilling expenditures fell in 1999, the American Petroleum Institute reported. According to the 1999 Joint Association Survey on Drilling Costs, the industry spent 15.2% less in 1999 to drill and equip wells than it did in 1998.

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