Exploration Development 2000 P

12/06/2000 -- Apache to acquire Phillips' Zama assets in Alberta
Apache Corp., Houston, said Wednesday it's acquiring Alberta properties with proved reserves of 71.6 MMboe, 59% of which is natural gas, from Canadian affiliates of Phillips Petroleum Co. for $490 million (US). The assets, which include producing and undeveloped acreage, extensive infrastructure and 3D and 2D seismic data, are located in the Zama area of northwest Alberta.
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.
12/01/2000 -- Exploration/Development news briefs, Dec. 1
Ocean Energy � Conoco � Miller Exploration � Key Production � Remington Oil & Gas � Eagle Investments � International Oil & Gas
12/01/2000 -- Two large Canadian companies increase spending
Two large Canadian companies have decided to increase spending commitments for 2001 by more than $1 billion (Can.) each. Shell Canada Ltd. and Petro-Canada will increase spending by $1.8 billion and $1.4 billion respectively.
12/01/2000 -- Angolan block yields ninth find for ExxonMobil
Esso Exploration Angola Ltd. has another discovery on prolific deepwater block 15 offshore Angola, its parent company ExxonMobil Corp. announced Thursday. The discovery, Batuque, drilled in 2,400 ft of water to a TD of 12,400 ft, flowed at a test rate of 5,200 b/d.
11/30/2000 -- Exploration/Development news briefs, Nov. 30
Occidental of Albania (Onshore-2) � Lundin Albania � Forest Oil International � PrimeEnergy � Repsol Exploracion Egipto � Apache � Novus � Comstock Resources � Shell Petroleum Development � BJ Services � Indo-Pacific Energy � Phillips Petroleum � Norwest Energy � Indo-Pacific Energy � West Oil � AMG Oil � Durum Consolidated Energy � Orion Exploration � International Petroleum Libya � BP Amoco Angola � Shell Development Angola
11/30/2000 -- Finance/Companies news briefs, Nov. 30
Foster Wheeler � Harken Energy � Patina Oil & Gas � Elysium Energy Partners
11/29/2000 -- Enron's Skilling foresees disintegration of integrated energy firms
The president of the largest US gas and power trading company Wednesday criticized independent power producers who are buying natural gas reserves and predicted 'the collapse and demise' of large integrated energy companies. For independent power producers to buy gas reserves 'makes no sense at all,' Enron Corp. Pres. Jeffrey Skilling said at the Arthur Andersen annual energy symposium.
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.
11/28/2000 -- 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.
11/27/2000 -- 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.
11/22/2000 -- Exploration/Development news briefs, Nov. 22
ONGC � McMoRan Exploration � Ocean Energy � Samedan Oil � Talisman Energy � China National Petroleum � Petronas � Sudan government � Isramco � Naphtha Israel Petroleum
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.
11/21/2000 -- 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 -- 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 -- 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 -- 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.
11/20/2000 -- 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.
11/20/2000 -- 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.
11/17/2000 -- 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

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Exploration Development 2000 P