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Exploration Development 2000 P11

  • 10/11/2000 -- Noble Affiliates to raise stake in Israel exploration agreement
    Noble Affiliates Inc. subsidiary Samedan Oil Corp. will raise its stake to 47%, from 40%, in an exploration agreement covering more than 1 million acres off the coast of Israel. Noble will purchase half of the 15% interest held by RB Mediterranean Ltd., a wholly owned subsidiary of R&B Falcon Corp., for $53.6 million.
  • 10/13/2000 -- The Caspian's back to the future
    Even before the jaw-dropping discovery this year of the elephantine Kashagan oil field off Kazakhstan, where reserve estimates were 25-60 billion bbl, and the smaller, though still giant Shah Deniz find off Azerbaijan, UK analyst group Wood Mackenzie calculated there were some 76 billion boe of remaining reserves in the four Caspian region nations of Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan (OGJ, July 24, 2000, p. 38).
  • 10/13/2000 -- Alberta reports higher pipeline failure rate
    The Alberta Energy and Utilities Board (EUB) reports 860 failures in Alberta pipelines in the 12 months ended Mar. 31, a 14% increase over the previous year. The report covers almost 174,000 miles of pipelines, and problems included cracks, leaks, and breaks.
  • 10/13/2000 -- Gulf Canada proposes regulatory application for Mackenzie Delta pipeline
    A partner in a producer group studying plans for development of natural gas reserves in the Mackenzie Delta says the regulatory process should be started now for a pipeline from the delta to Alberta and southern markets. Gulf Canada Resources Ltd. CEO Dick Auchinleck said he hoped the regulatory process could be started early in 2001.
  • 10/13/2000 -- AMG Oil Ltd. announces funding, partner in Canterbury Basin project
    AMG Oil Ltd., Calgary, said Friday it's teaming up with Orion Exploration Ltd., a wholly owned subsidiary of the New Zealand-based energy distributor and technology investment company Orion Group, to gain strategic expertise and additional funding for its Canterbury basin project.
  • 10/16/2000 -- Analysts: US to scramble for 2001 gas supplies after colder winter
    Producers will still be scrambling for more natural gas supplies in 2001, with even lower storage levels after a colder winter this year, analysts at Salomon Smith Barney Inc. reported this week. Following three exceptionally warm winters in a row, this winter is likely to return to 'more normal' cold levels that will use up more supplies of gas and home heating oil, said Jon Davis, a meteorologist with the company's Chicago office.
  • 10/17/2000 -- Keyspan to buy rest of Gulf Midstream Services
    KeySpan Corp., Brooklyn, NY, said Monday it is buying Gulf Canada Resources Ltd.'s 50% interest in Gulf Midstream Services, making KeySpan the sole owner of the midstream services company. The company will be renamed KeySpan Energy Canada. The sale price was not disclosed.
  • 10/18/2000 -- Lack of gas demand shuts in Indian wells
    India�s Oil & Natural Gas Corp. (ONGC) said a lack of customers for gas has forced it to shut in two dozen wells that also produce more than 100 tonnes/day of oil. An official said that while ONGC could produce the oil, the associated gas would have to be flared, which the company is unwilling to do.
  • 10/19/2000 -- Electric Power news briefs, October 19
    San Diego Gas & Electric ... Northwestern Wisconsin Electric Co. ... Consolidated Edison ... TECO Energy ... Reliant Energy Power Generation .... Allete ... AEP Energy Services ... FSD International... Equitable Resources ... Orion Power MidWest ... Arch Coal ... Martin County Coal ... Composite Power ... Pinnacle West Capital Corp. ... Consolidated Edison Co. of New York Inc. ... Cargill ... St. Joseph Light & Power ... Public Service Co. of New Mexico ... Calpine ... Allegheny Energy
  • 10/20/2000 -- SPR backfire
    The Clinton administration's political decision to release oil from the Strategic Petroleum Reserve has become a political embarrassment.
  • 10/20/2000 -- ARPEL to focus on fuel specifications
    A key emerging issue for petroleum companies in Latin America is the same concern over cleaner transportation fuel specifications that have moved to the forefront of refiners� concerns in Europe and the US, said Jose Felix Garcia, the new executive secretary of the regional association of oil and natural gas companies in Latin America and the Caribbean (ARPEL), at the Rio Oil & Gas Conference in Rio de Janeiro.
  • 10/20/2000 -- Lundin Oil boosts production off Malaysia/Viet Nam
    Swedish independent Lundin Oil AB and its partners are implementing a production enhancement project at their Bunga Kekwa field located in the PM3 offshore block in the commercial arrangement area between Malaysia and Viet Nam.
  • 10/23/2000 -- Pakistan approves offshore exploration policy
    Pakistan's Federal Cabinet approved a package of reforms aimed at encouraging oil and gas exploration at a meeting chaired by Pakistani ruler Gen. Pervez Musharraf.
  • 10/24/2000 -- Magellan Petroleum returns to New Zealand
    Magellan Petroleum Australia Ltd. has returned to New Zealand petroleum exploration after an absence of more than 30 years with a farm-in to permit PEP 38256 in the onshore portion of the Canterbury Basin in the country�s eastern South Island.
  • 10/24/2000 -- Unocal makes new find off Viet Nam, confirms Kim Long
    Unocal Corp. said Tuesday that it had made a new discovery, Ca Voi, in block 52/97 off southwestern Viet Nam. Unocal also said it had drilled four wells to confirm the earlier Kim Long gas find in Block B (OGJ, Dec. 22, 1997, p. 30). In addition, Unocal announced that it and its coventurers in blocks B and 48/95 (also known as block A) recently signed a letter of intent for development of the blocks that anticipates gas production from block B will begin at 200 MMcfd of gas in 2005.
  • 10/24/2000 -- California PX report concludes players didn�t game the market
    In a special investigation into the cause of high electricity prices experienced in California this summer, the California Power Exchange concluded that no one electricity supplier group or individual was responsible for the high and volatile prices in the spot markets. The report, �Price Movements in California Electricity Markets, still not released but obtained by OGJ Online, looked at the high prices and how buyer and seller behavior contributed to those prices.
  • 10/25/2000 -- Barrett Resources acquires Raton basin coal bed methane properties
    Barrett Resources Corp. acquired coal bed methane assets in southern Colorado from an affiliate of Kansas City Power & Light Co. for $52.9 million. The properties contain proven coal bed methane gas reserves of 75 bcf, Barrett said.
  • 10/26/2000 -- Green consultation to clear UK licensing round
    The way should soon be cleared for the long-delayed 19th licensing round in the UK North Sea following yesterday's announcement by Energy Minister Helen Liddell of a 3-month consultation into the potential environmental impact of oil and gas exploration on the highly prospective 'White Zone' between the Shetland and Faroe Islands.
  • 10/27/2000 -- SPR issues
    The US Senate has finally passed a bill reauthorizing the Energy Policy and Conservation Act, the law under which the 571-million-bbl US Strategic Petroleum Reserve is operated.
  • 10/27/2000 -- BP launches $500 million 4D seismic program for the North Sea
    BP has begun a $100 million/year, 4D seismic program for its North Sea fields that will last at least the next 5 years, said BP Thursday. The supermajor said a $10 million, 4-year seismic processing contract awarded Thursday to Compagnie Generale de Geophysique was the first in a number of contracts for its 4D seismic data initiative.
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