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Drilling Production 2000 P5

  • 10/26/2000 -- Shell Canada expects rising costs for Millennium project
    Shell Canada Ltd., Calgary, which recently joined a list of Canadian majors reporting strong third quarter financial performance, warned it expects rising costs at its $4.1 billion Muskeg River oilsands project near Fort McMurray in northern Alberta. Shell said there is potential for a 10% cost increase in the refining side of the project, which it originally expected to cost $2.4 billion.
  • 10/26/2000 -- Finance/Companies news briefs, Oct. 26
    Repsol-YPF � German Oil and Gas Egypt � Talisman Energy � Petro-Canada � Nova Chemical � Suncor Energy � Boots & Coots International Well Control � Prudential Insurance � New York Mercantile Exchange � Aspen Group Resources � PGGB Oil & Gas Partnership � Jascan Resources � Breakwater Resources � Cabre Exploration
  • 10/26/2000 -- Woodside Energy expects Australian production disruption to be short
    Woodside Energy Ltd. said a fire on Wednesday caused it to shut down production from the Laminaria and Corallina fields, but disruption to flow is expected to be minimal. The company has begun an investigation into the blaze on the Northern Endeavour floating production, storage, and offloading vessel, which produces from the fields in block AC/L5 off Australia.
  • 10/26/2000 -- Drilling/Production news briefs, Oct. 26
    Emerald Energy � PTTEP � BJ Tubular Services � Petrobras � Wood Group ESP
  • 10/26/2000 -- Koch Petroleum to acquire Brazil's ATP Petroleo SA
    Koch Petroleum Group Inc., a subsidiary of Koch Industries Inc. of Wichita, Kan., will acquire ATP Petroleo SA, a Brazilian oil and natural gas exploration and production company, from a second Brazilian company, Paranapanema SA. The purchase price of the acquisition is not being disclosed, Koch said Wednesday.
  • 10/25/2000 -- Statoil confirms Agbami structure extension
    Norwegian company Statoil confirmed an extension of the Agbami structure in offshore production license 217 with a recently completed well. A production test of one oil-bearing zone in the Ekoli-1 discovery well flowed oil at a maximum of 4,800 b/d.
  • 10/25/2000 -- Drilling/Production news briefs, Oct. 25
    Enterprise Oil � Diamond Offshore Drilling � Construtora Norberto Odebrecht � Petrobras � Mærsk � Maritime Hydraulics � Hyundai � Santa Fe International � Coflexip Stena Offshore Norge � Statoil
  • 10/24/2000 -- Syncrude cuts production estimate for 2000
    An explosion in a coker unit during a turnaround maintenance program forced Syncrude Canada Ltd. to cut its 2000 production estimate to 75 million bbl from 79 million bbl. The consortium, which operates an oilsands plant in the Fort McMurray region of northern Alberta, described the incident last week as a pressure wave during the start-up sequence of the fractionator associated with the coker 8-2 unit.
  • 10/24/2000 -- Reliance, ONGC eye Enron stake in Panna-Mukta oil fields
    The diversified Reliance Industries group and the Indian government-owned Oil and Natural Gas Corp. are negotiating for Enron Corp.�s 30% equity in the Panna-Mukta and Tapti oil fields in the Bombay basin off western India. The American energy major decided to exit from the unincorporated joint venture formed to develop the two fields.
  • 10/23/2000 -- UKCS hopes rise as operators show deeper pockets for 2001
    Investment on the UK Continental Shelf (UKCS) is forecast to jump by 33% in 2001 as the province's main oil and gas companies break with the penny-wise spending habits of the last two years, according to a new survey released today by the Pilot government-industry organization's Industry Leadership Team. A recent sounding of 32 companies operating on the UKCS found that 'investment intentions' for next year stood at some �4 billion.
  • 10/20/2000 -- PanCanadian, Dakota Gasification launch Weyburn CO2 miscible flood project
    PanCanadian Petroleum Ltd. and Dakota Gasification Co. have officially launched their Weyburn, Sask., carbon dioxide miscible flood project, PanCanadian said Thursday. The $1.1 billion (Can.) Weyburn project will inject 95 MMcfd of CO2into the 46-year old Weyburn oil field in southeastern Saskatchewan.
  • 10/20/2000 -- Third licensing round announced in Brazil
    Brazil's National Petroleum Agency (ANP) will offer 53 blocks in the third licensing round for oil and gas exploration and production. The round is expected to take place in June 2001, ANP Executive Director David Zylbersztajn announced at the end of the 3-day Rio Oil & Gas Conference in Rio de Janeiro.
  • 10/20/2000 -- Huldra well sealed after gas inflow
    The first of four production wells spudded in Statoil's Huldra field in the Norwegian North Sea had to be rapidly sealed today as gas began flowing in as completion work was being carried out aboard the Mærsk Gallant drilling rig. The well had been drilled to a depth of 4,860 m when the inflow happened, raising downhole pressure and activating the blowout preventer on the drillfloor.
  • 10/19/2000 -- Unocal to begin oil production from Gulf of Thailand
    The US energy firm Unocal Corp. is gearing up to start its first crude oil production in the Gulf of Thailand, a development expected to cost $270 million over the next 6 years. The crude oil production would be the first in the Gulf of Thailand by Unocal, which has produced natural gas and condensate there since 1981.
  • 10/18/2000 -- Petrobras says technologies have cut costs
    Technological improvements have helped Petroleo Brasileiro SA (Petrobras) reduce capital and operating expenditures, said Jose Coutinho Barbosa, Petrobras� exploration and production director. He spoke at the Rio Oil & Gas Conference 2000.
  • 10/18/2000 -- Drilling/Production news briefs, Oct. 18
    KCS Energy � Esenjay Exploration � Shell Exploration & Production � Delmar Systems � Weatherford International � BP � Marathon Petroleum Jenein � Crosco Integrated Drilling & Well Services � Oil Field Services
  • 10/17/2000 -- Global Marine's September SCORE rating continues upward trend
    Houston-based offshore drilling contractor Global Marine Inc. said its Summary of Current Offshore Rig Economics (SCORE) for September increased to 33.8, up 1.8% from the previous month. The September 2000 SCORE represents a 46.6% increase from September 1999 and a 23.6% decrease from the same period 5 years ago.
  • 10/13/2000 -- BP, Aker Maritime sign agreement for Valhall field platform
    BP and Aker Maritime have signed a letter of intent for Aker Maritime to design, construct and deliver a water injection platform for BP's Valhall field in the North Sea. Aker Maritime will build the jacket substructure and the entire topsides with water injection equipment and drilling module.
  • 10/13/2000 -- US gas prices taking on a juggernaut look
    The way things are shaping up, don?t be surprised to see brief spikes of double-digit natural gas spot prices during an ?arctic express? event across the northern and eastern US this winter. And forget about $2/Mcf gas or less for at least another year, maybe longer.
  • 10/12/2000 -- Enbridge to expand crude oil pipeline system
    Enbridge Inc., Calgary, says it will proceed with the second phase of a $120 million (Can.) project to expand its main crude oil pipeline system in western Canada. The 76-mile project will add capacity of 40,000 b/d to the line between Enbridge oil terminals at Hardisty, Alta., and Kerrobert, Sask., and increase total line capacity to 1.84 million b/d.

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