Drilling Production 2000 P

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.
10/24/2000 -- Finance/Companies news briefs, Oct. 24
Lone Star Steel � CF&I Steel � Toreador Resources � Aker Maritime � Petrobank Energy and Resources � ExxonMobil � Northern Oil
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 -- Drilling/Production news briefs, Oct. 20
Petrobras � OSCA � Parker Drilling � Tengizchevroil � Offshore Kazakhstan International Operating Co. � Petrolex Energy � International Technical Solutions � Statoil � Norsk Hydro � GE Aeroderivative & Package Services � ABS Group
10/20/2000 -- Exploration/Development briefs, Oct. 20
Abraxas Petroleum � Bligh Oil & Minerals � Fletcher Challenge Energy � Bow Valley Energy � Miller Exploration � Key Production � Remington Oil & Gas � Ramco Energy � Sonatrach � Magnum Hunter Resources � Vintage Petroleum � Stone Energy
10/20/2000 -- AEC completes Trans-Andean pipeline purchase
Alberta Energy Co. Ltd., Calgary, says it has completed a $68 million (US) purchase of a 36% interest in the Trans-Andean crude oil pipeline between the Neuquen Basin in Argentina and Concepcion on the Chilean coast.
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 -- Imperial Oil attributes profits to strong oil, gas prices, higher refinery margins
Imperial Oil Ltd., Canadian unit of ExxonMobil Corp., reports a doubling of third quarter profits over 1999 to $374 million (Can.) from $191 million. The Toronto-based integrated company, which could attain profits of more than of $1 billion for the year, attributed the gains to higher oil and gas prices and improved refinery margins.
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.

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Drilling Production 2000 P