Drilling Production 2000 P

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 -- Husky Energy, CNOOC to develop Chinese oil fields
A unit of Calgary-based Husky Energy Inc. group announced a contract for joint development of the Wenchang oil fields in the South China Sea. Husky Oil China Ltd., and China National Offshore Oil Corp. (CNOOC) will develop the Wenchang 13-1 and 13-2 fields. Husky will have a 40% working interest in the CNOOC-operated fields.
10/13/2000 -- Chevron awards Angolan development contract to CSO, ABB
Chevron's CABGOC subsidiary has awarded Coflexip Stena Offshore and ABB Offshore Systems the Kuito Phase 1C development project off Angola. This is the third development phase for the field, located in 400 m of water.
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 -- New Zealand regulator rejects bid for Fletcher Challenge Energy
New Zealand's Commerce Commission rejected a $4.6 billion (NZ) joint bid by the Royal Dutch/Shell Group and Houston-based Apache Corp. to acquire Fletcher Challenge Energy Ltd. But the two potential purchasers are still hopeful.
10/12/2000 -- Drillship construction cycle nears end
The drillship construction cycle that began 3 years ago is nearing completion with delivery of Global Marine Inc.'s Glomar Jack Ryan. The two remaining drillships still on order�R&B Falcon Inc.'s Deepwater Discovery and Transocean Sedco Forex Inc.'s Discoverer Deep Seas�should join the fleet by yearend.
10/12/2000 -- Norsk Hydro awards drilling module contract to Aker Maritime
Norsk Hydro AS awarded a $109 million (US) contract Wednesday to Norway's Aker Maritime AS to build the drilling module for the Grane oil field platform in the North Sea.
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.
10/12/2000 -- Executive Q&A: Management Roundtable
Bob Tippee, Editor, Oil & Gas Journal, served as moderator Sept. 18 at a management roundtable on risk-based decision analysis in the exploration & production (E&P) business. He brought together experts on the topic. OGJ Online Oil & Gas Writer Karen Broyles sat in on the discussion.
10/12/2000 -- HENRY HYDE WRONG AGAIN ON ENERGY PRICES
Somebody needs to explain markets to Henry Hyde.
10/11/2000 -- Drilling/Production news briefs, Oct. 11
Young Oil � Petrobras � Syncrude Canada � Honeywell � Burlington Resources � Grey Wolf � Chevron Canada Resources � Sonatrach � Tesco
10/11/2000 -- Husky awards White Rose engineering contract
Husky Energy Inc. subsidiary Husky Oil Operations Ltd. and Petro-Canada have awarded Maersk/Seabase the front-end engineering design contract for the White Rose oil field's floating production, storage, and offloading vessel.
10/10/2000 -- Shell Canada to restart Alberta heavy oil project
Shell Canada Ltd., Calgary, says it will spend $50 million (Can.) to restart a heavy oil project in the Peace River area of northern Alberta using new technology. The recovery process, known as soak radial, uses steam to soak bitumen and improve flow of the crude oil trapped in sand.
10/10/2000 -- Apache joins with Shell to buy Fletcher Challenge Energy
Apache Corp. is joining with the Royal Dutch/Shell Group to acquire Fletcher Challenge Energy Ltd. of New Zealand. Under that deal, Apache will pay $600 million for Fletcher Challenge Energy's holdings in Argentina and in Canada, with proved reserves of 713 bcf equivalent of natural gas, or about 12% of Apache's current existing proven reserve base.
10/10/2000 -- Murphy Oil to acquire Beau Canada
The Canadian unit of Murphy Oil Corp. will acquire producer Beau Canada Exploration Ltd., Calgary, in a $381 million (Can.) takeover deal. Murphy will pay $2.15 per share in cash, a 27% premium over Beau�s recent closing price of $1.69. Murphy will also assume $183 million in debt.
10/10/2000 -- Smedvig secures two deepwater commitments for West Navion
Conoco UK Ltd. has issued a letter of intent for an exploration drilling contract to Norway's Smedvig for use of Smedvig's deepwater drillship West Navion, Smedvig said Monday. Enterprise Energy Ireland Ltd. has also awarded the drillship a letter of intent.
10/09/2000 -- Exploration/Development briefs, Oct. 9
Aker Maritime � J. Ray McDermott � Kerr-McGee Oil & Gas � Enterprise Oil � Ocean Energy � Harken Energy � Ridgeway Petroleum � Bitech Petroleum � Venus Exploration � Grey Wolf Drilling � Daugherty Resources
10/06/2000 -- EIA: Winter electricity demand to rise 2.8%
Total electricity demand this winter is expected to be 2.8% higher than last year, federal energy forecasters predicted Friday. The Energy Information Agency (EIA) said the winter should be 11% colder than last, resulting in a 4.6% increase in electricity use by the residential sector and 3.9% increase by the commercial sector.
10/06/2000 -- PanCanadian turns ground to construct Christina Lake oil project
PanCanadian Petroleum Ltd., Calgary, broke ground Thursday on the site of its Christina Lake Thermal Oil Project, located 170 km south of Fort McMurray in northeast Alberta.
10/06/2000 -- OIL IMPORTS AND US ENERGY POLICY
The US oil and gas industry soon will receive a hard lesson about the problem of calibrating energy policy to the country's dependency on imported oil.

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Drilling Production 2000 P