Drilling Production 2000 P

11/08/2000 -- New American deepwater record set
Australia's BHP Petroleum Ltd. has set a new record for deepwater drilling in American waters at Walker Ridge Block 425 in the Gulf of Mexico, the US Minerals Management Service reported Tuesday. The BHP well is the second deepest in the world, surpassed only by a well drilled off Brazil in 9,111 ft of water.
11/08/2000 -- Statoil foresees 1 billion kroner savings a year with well efficiency program
Norwegian oil and gas giant Statoil has set the ball rolling on a subsea well maintenance initiative that aims to yield yearly savings of as much as 1 billion kroner for 9 fields off Norway. Eighteen companies have signed up for the so-called 'efficient well intervention program' which will cover Statoil's Statfjord, Gullfaks, Åsgard, Norne, and Heidrun fields, as well as the Tordis, Vigdis, and Borg developments operated by Norsk Hydro.
11/07/2000 -- EDC awards contract for work in Bohai Bay
Energy Development Corp. China Inc., an indirectly wholly owned subsidiary of Noble Affiliates Inc., Houston, has selected Houston-based Paragon Engineering Services Inc. to assist it in developing the Cheng Dao Xi Block A field in the southern half of China's Bohai Bay, Paragon said Monday.
11/03/2000 -- EXECUTIVE Q&A: Joseph A. Reeves and Michael J. Mayell
In 1981, Joseph A. Reeves Jr. and Michael J. Mayell became partners and formed Texas Meridian Resources Inc., an independent oil and gas producer that was renamed Meridian Resource Corp. in 1997. Reeves, Meridian's chairman, and Mayell, its president, discussed the company and its future in a Nov. 3 interview with Sam Fletcher, senior oil and gas writer for OGJ Online.
11/03/2000 -- DOE to fund seven environmental compliance projects
The US Department of Energy will provide $4.4 million to partially fund seven projects to improve the environmental compliance of oil and natural gas operations at lower cost. Sponsors will contribute $2.3 million. Exact funding levels will be determined during contract negotiations.
11/02/2000 -- NEB says Canadian synthetic crude production could triple
The National Energy Board reports that the volume of synthetic crude oil and bitumen produced in Canada will nearly triple within a decade if all of the projects currently underway or planned are completed. NEB said by 2010 the industry would produce about 1.9 million b/d from oilsands deposits in northern Alberta and Saskatchewan.
11/02/2000 -- December vote expected on Mexico electricity reform measure
With Mexico's electricity sector at a crossroads, President-elect Vincente Fox is expected to submit an electricity sector reform bill to the Mexican Congress before he takes office next month. A vote on the legislation is expected shortly after his Dec. 1 inauguration. Without new supplies, electricity shortfalls resulting in nationwide blackouts are predicted within the next 2 years, says the US Energy Information Administration.
11/01/2000 -- Statoil presses on with Norwegian Sea wildcats
Oil and gas giant Statoil Wednesday reported it was pressing ahead with a program of drilling in the Falk structure near its Norne development in the Norwegian Sea after having spudded a duster in the Nordland VI area. Via the new well, 6608/11-2, Statoil hopes to firm up a connection between the unexplored Falk area and its earlier Svale discovery.
10/31/2000 -- Norsk Hydro awards final major Grane contract
Norsk Hydro AS awarded Aker Verdal a 670 million kroner ($70.4 million) contract to construct the steel jacket for the Grane platform, said Norsk Hydro Tuesday. This is the last major contract for the 15 billion kroner Grane project, in the North Sea 185 km west of Stavanger. Partners in Grane will develop the field via an integrated accommodation, process, and drilling platform mounted on the steel jacket.
10/31/2000 -- China approves Noble Affiliates' Bohai Bay development
The Chinese government has given final approval to Energy Development Corp. China Inc. to develop the Cheng Dao Xi Block A field in southern Bohai Bay, said Energy Development parent company Noble Affiliates Inc. First production from the field is expected in the second quarter 2002.
10/31/2000 -- Northern Endeavour resumes production
Following safety and integrity checks, oil production resumed aboard the Northern Endeavour floating production, storage, and offloading vessel, Woodside Energy Ltd. of Australia reported Monday. The Northern Endeavour produces oil from the Laminaria and Corallina oil fields in AC/L5 in the Timor Sea off Australia.
10/31/2000 -- Market watch, Oct. 31
Activity was mixed on international energy futures markets Monday, in the wake of the decision by the Organization of Petroleum Exporting Countries to increase oil production for the fourth time this year.
10/31/2000 -- Nabors Drilling head: Many idle rigs available
The contract drilling industry can put more idle rigs to work in the lower 48 US states than many imagine, the head of the biggest land drilling contractor said Saturday at the close of the annual meeting of the Independent Petroleum Association of America in San Antonio, Tex.
10/30/2000 -- BP, Repsol, others award contracts to Coflexip Stena Offshore
BP, Repsol-YPF SA, Coparex BV, and the Iranian Offshore Oil Co. have awarded several engineering and supply-service contracts to subsidiaries of Coflexip Stena Offshore Group over the last few months, that company reported Monday.
10/30/2000 -- UK North Sea operations green slightly
Companies producing oil and gas in the UK North Sea are continuing to slowly improve their collective environmental performance, according to a new report from the UK Offshore Operators' Association. The report assessed the 'overall environmental performance' of 30 oil companies operating on the UK Continental Shelf.
10/30/2000 -- Market watch, Oct. 30
Another production hike by the Organization of Petroleum Exporting Countries, amid mild weather, is likely to continue pushing back oil and natural gas prices, industry analysts said Monday. OPEC's move for an immediate production increase surprised traders Friday, triggering a heavy sell-off that sent energy futures tumbling.
10/30/2000 -- CSO reels in Aker's deepwater division
Paris-based subsea contractor Coflexip Stena Offshore Group (CSO) is putting the final touches to a $625 million deal through which it take over the deepwater division of Norway's Aker Maritime ASA, enlarging the 2000 value of the offshore market served by CSO to some $19 billion from around $3-$4 billion.
10/27/2000 -- Global oil's faithful servant
So fundamental has the North Sea industry's contribution been to Europe's oil and gas supply-and economies-over the last 30 years, that one can become blinkered to the broader significance of hydrocarbons being produced in the waters off more than 130 countries worldwide.
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

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Drilling Production 2000 P