Drilling Production 2000 P

11/21/2000 -- ExxonMobil to boost Sable Offshore Energy Project production
ExxonMobil will raise natural gas production from the Sable Offshore Energy Project to 600 MMcfd from 500 MMcfd when two gas pipelines in Nova Scotia and New Brunswick are complete later this month, the company said Monday. ExxonMobil will ramp up production to 550 MMcfd and eventually raise output to 600 MMcfd.
11/20/2000 -- 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.
11/20/2000 -- 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.
11/20/2000 -- 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.
11/17/2000 -- 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.
11/17/2000 -- 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.
11/17/2000 -- 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.
11/17/2000 -- 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.
11/16/2000 -- 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.
11/16/2000 -- Drilling/Production news briefs, Nov. 16
Norsk Hydro � Smedvig � Chevron Offshore (Thailand) � BJ Tubular Services � Noble Drilling � Triton Energy
11/15/2000 -- 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.
11/15/2000 -- 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.
11/15/2000 -- 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.
11/14/2000 -- 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.
11/13/2000 -- OPEC now concerned about oil overproduction
The Organization of Petroleum Exporting Countries has deferred decision on any further crude oil production increases until its January meeting. The 11-nation organization met on the weekend to discuss changes to production levels might steady the oil price within the $22-$28/bbl target range.
11/10/2000 -- Seismic activity now lags drilling rigs, analysts say
Improved seismic crew efficiencies and a growing backlog of drillable prospects has converted the seismic business from a leading indicator to a lagging result of US drilling activity, say analysts with Raymond James and Associates Inc.
11/10/2000 -- Processing news briefs, Nov. 10
Jilin Chemical Industry Corp. � Phillips Petroleum � UOP � Intercontinental Quimica � Washington Group International � Ultramar Diamond Shamrock � Syncrude Canada
11/10/2000 -- Canada's drilling ban
British Columbia Premier Ujjal Dosanjh last week squelched an effort to lift a long-standing moratorium that prohibits drilling off his province's picturesque Pacific coast.
11/09/2000 -- UAE offers to open tap further
On the eve of an Organization of Petroleum Exporting Countries meeting, United Arab Emirates energy Minister Obaid Bin Saif Al-Nasseri said his country could raise its oil output further, in line with 'market conditions. He did not disclose the UAE's excess capacity.
11/09/2000 -- EIA says drilling will boost gas supply in 2001
Higher US drilling rates have begun to boost natural gas supply, the US Energy Information Administration says in its November short-term energy outlook. The government agency revised its estimates for 2001 production growth to about 350 bcf, up from 240 bcf in previous outlooks. But government forecasters say this winter's gas prices will still be about 90% higher than last winter. The EIA also revised upward its estimate of 1999 US electricity output by 1%, resulting in a 3% growth rate.

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Drilling Production 2000 P