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Exploration Development 2000 P13

  • 11/17/2000 -- DNO: Heather demonstrates potential of mature fields
    DNO Heather Ltd. said its recent success with an infill well in Heather Field demonstrates that mature fields in the North Sea still have much oil to deliver. DNO doubled production from Heather field to 8,500 b/d by bringing infill well H-61z on stream. The field is east of Shetlands on Block 2/5.
  • 11/17/2000 -- MMS proposes supplemental deepwater royalty relief
    US Mineral Management Service will amend its regulations to provide royalty relief to marginal deepwater fields in the Outer Continental Shelf, MMS said Friday. This supplemental proposal, an amendment to MMS' royalty relief regulations published Sept. 14, would allow certain Gulf of Mexico deepwater leases at least 200 m deeper and sold after this year to eligible for additional discretionary royalty suspensions.
  • 11/17/2000 -- Electric Power news briefs, November 17
    IntercontinentalExchange ... Duke Energy Corp. ... Williams ... Coastal Corp. ... El Paso Energy Corp. ... Orion Power Holdings Inc. ... TECO Coal Corp. ... Perry County Coal Corp. ... South Carolina Electric & Gas Co. ... South Coast Air Quality Management District ... AES Corp. ... Reliant Energy Inc. ... Union Fenosa Desarrollo y Accion Exterior SA ... CMS Energy Corp. ... Comision Federal de Electridad ... Alstom
  • 11/20/2000 -- Noble Affiliates acquires Vietnamese interests
    Noble Affiliates subsidiary Samedan Viet Nam has entered a production sharing agreement with Petrovietnam to acquire exploration rights for two offshore blocks in Viet Nam's Nam Con Son basin. The two blocks total 1.6 million acres, 1.25 million acres net to Samedan's interest. Previous operators tested oil and gas at wells on the blocks but did not develop fields. Samedan plans two wildcats on the acreage in 2001.
  • 11/20/2000 -- TecnoPetrol plans two Colombian wildcats
    TecnoPetrol Inc., Toronto, has revised the farm-out agreements for its Alejo association contract in Colombia's Rancheria basin to give Pennsylvania-based Carson Services Inc. a 25% holding and Interprivate Investments Ltd. of Panama a 15% interest.
  • 11/21/2000 -- BP signs deepwater development deals
    BP has awarded $1 billion in offshore service contracts to J. Ray McDermott and Heerema Marine Contractors for work on several of its deepwater Gulf of Mexico projects, including the Crazy Horse, Mad Dog, Holstein, and Atlantis developments. J. Ray McDermott will construct topside facilities and Heerema Marine Contractors will install facilities, associated pipelines, and gathering lines.
  • 11/21/2000 -- Statoil makes deal to enter Turkish gas market
    Statoil AS has signed a deal with Turkey's KOC Holdings to form a jointly-owned Turkish gas company that will take the Norwegian energy giant into that country's downstream gas market once liberalization gets underway. The new company will open an office in Istanbul. The venture gives Statoil a possible outlet for gas from Shah Deniz.
  • 11/21/2000 -- Pogo Producing increases US gas holdings with North Central merger
    Pogo Producing Co.'s move to acquire privately held North Central Oil Corp. through a $750 million merger will more than double its domestic natural gas holdings and create another core area in the Rocky Mountains. It also will boost Pogo's total proved reserves by 63% to nearly 1.4 tcf of gas equivalent, split 61% gas and 39% oil.
  • 11/21/2000 -- Algeria launches licensing round for six exploration blocks
    Algerian state oil company Sonatrach has launched an international exploration licensing round that covers six blocks. Two blocks are in the Berkine basin and one each in the Ahnet, Timimoun, and Illizi basins in the south of the country. The sixth block is in northeast Algeria.
  • 11/21/2000 -- CMS Oil & Gas tests Equatorial Guinea well
    CMS Oil & Gas Co., a unit of Dearborn, Mich.-based CMS Energy Corp., reported Tuesday it tested its Alba No. 8 well in Equatorial Guinea at 27.5 MMcfd of gas and 2,040 b/d of condensate. The well is the fourth and last in an accelerated development project, initiated in 1999 to increase the field's production capacity from 90 MMcfd of gas up to 225 MMcfd.
  • 11/27/2000 -- Lundin Oil awarded proven oil block off Malaysia
    Lundin Malaysia Ltd., subsidiary of Swedish independent Lundin Oil AB, was awarded Block PM305 off Malaysia, company official reported. The block contains one discovery, the Ophir well, which flowed 2,000 b/d of crude. The company plans to acquire 3D seismic over the existing discovery and to drill at least three exploration wells over the next 3 years.
  • 11/28/2000 -- Tracer reorganizes operations
    Tracer Petroleum Corp., Calgary, has decided to split its operations into two wholly owned business units. One will continue Tracer's upstream operations overseas, and the other will hold Tracer's petroleum trading rights in Iran and elsewhere. Tracer is also considering a spinoff of the trading company.
  • 11/29/2000 -- Vintage to acquire Cometra Energy Canada
    Vintage Petroleum Inc., Tulsa, will buy Cometra Energy (Canada) Ltd., Calgary, from Electrafina, part of Groupe Brussels Lambert SA. Vintage will pay $46.3 million (US) in cash. The US company intends to spend $6.5 million in 2001 on exploration and development projects arising from the acquisition, mostly in Canada.
  • 11/30/2000 -- Finance/Companies news briefs, Nov. 30
    Foster Wheeler � Harken Energy � Patina Oil & Gas � Elysium Energy Partners
  • 12/01/2000 -- Exploration/Development news briefs, Dec. 1
    Ocean Energy � Conoco � Miller Exploration � Key Production � Remington Oil & Gas � Eagle Investments � International Oil & Gas
  • 12/05/2000 -- Kerr-McGee gets deepwater tract off Benin
    Kerr-McGee Benin Consortium SA, a subsidiary of Kerr-McGee Corp., Oklahoma City, has acquired 100% working interest in the 2.5 million acre Block 4 off the West African country of Benin. The license covers all of Benin's deepwater area. The coastline of Benin is sandwiched between Togo to the west and Nigeria to the east.
  • 12/06/2000 -- California braces for latest power emergency
    With 11,000 Mw of generation off line and operating reserves below 5%, the California Independent System Wednesday took the unusual step of declaring a Stage 2 electrical emergency at 7 a.m. Pacific Standard Time, shortly after issuing a Stage 1 electrical emergency at 6:20 a.m. The ISO attributed the early Stage 2 emergency declaration to an increased demand for power Wednesday morning, about 1,000 Mw statewide above Tuesday's 7 a.m. usage.
  • 12/06/2000 -- PanCanadian budget to target 15% boost in gas output
    PanCanadian Petroleum Ltd., Calgary, plans to spend $1.5 billion (Can.) in 2001, with 60% allocated to expand its natural gas activities in North America. CEO David Tuer said the company expects to increase gas production by 15% in 2001 to almost 1.1 bcfd. The company will drill more than 2,000 wells.
  • 12/06/2000 -- Texas PUC rules on capacity auctions
    Over complaints by potential players in the Texas electricity market, the Texas Public Utility Commission issued final rules governing availability of electric generation to competitive electricity suppliers when the market is deregulated in 2002. AES NewEnergy and Enron Energy Services objected to a tolling arrangement under which retailers would have to supply fuel to a plant and take the produced power to sell, according to a transcript of the commission meeting
  • 12/07/2000 -- Enterprise evaluating Gamma discovery in Barents Sea
    UK independent Enterprise Oil PLC, on behalf of partners Norsk Agip AS, Statoil AS, and Fortum Oil & Gas AS, has completed testing of the Gamma gas well in the Barents Sea off Norway. The well, in 190 m of water on block 7019/1, was drilled to a TD of 2,979 m, discovering gas in sandstones of early Cretaceous and Jurassic ages.
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