Exploration Development 2000 P

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 -- New Zealand allows Shell and Apache to buy Fletcher
The New Zealand Commerce Commission has cleared the acquisition of Fletcher Challenge Energy Ltd. by units of Royal Dutch/Shell Group and Houston-based Apache Corp. Last month, the regulating agency rejected the $4.6 billion (NZ) joint bid because of competition concerns.
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.
11/16/2000 -- Calpine buys TriGas Exploration
In its quest to insure natural gas supply, Calpine Corp. will acquire all of the shares outstanding of Canadian-based TriGas Exploration Inc. for about $100.4 million. Calpine, an independent power plant developer and operator, has been on the prowl for natural gas reserves and production for 2 years to insure supply for its mushrooming fleet of gas-fired power plants.
11/15/2000 -- New Zealand gas play revisited
The Westech Energy New Zealand Co. led exploration group has been joined by Perth-based Pancontinental Oil & Gas NL for the redrilling of the Waitaria gas prospect in the onshore East Coast Basin of New Zealand's North Island.
11/14/2000 -- AMG Oil spuds Arcadia-1 well in New Zealand's Canterbury basin
AMG Oil Ltd. has spudded the Arcadia-1 well in New Zealand's Canterbury basin to test a large structure. It also will assign a 20% interest in the northern area of the Canterbury basin petroleum exploration permit 38256 to Durum Consolidated Energy Corp.
11/13/2000 -- BP negotiating for stake in CNOOC unit
BP is negotiating to invest about $200 million in China National Offshore Oil Corp. unit CNOOC Ltd. when it launches an initial public offering next year, an official at China�s second biggest oil producer has said. Dai Huandong, CNOOC�s vice-president, said the amount has not yet been finalized. A BP spokesman declined comment on how much BP is willing to invest.
11/13/2000 -- Chevron gets go-ahead for North Jarmjuree development
Chevron Offshore Thailand Ltd. has won a license from Thai authorities for gas and condensate production from a new field in the Gulf of Thailand. North Jarmjuree is the fourth production area in the Chevron-operated block B8/32 concession tract. The permit, granted by the Thai Department of Mineral Resources, allows Chevron Offshore Thailand to develop about 500 MMcfd of natural gas equivalent hydrocarbons reserves from the North Jarmjuree field for Thai domestic use.
11/13/2000 -- Peru revives offshore bid rounds
Perupetro, the Peruvian state oil agency, said it will begin to hold bid rounds in early 2001 for offshore blocks left pending since last year. Instead of auctioning 16 blocks together, however, it will divide the blocks into separate areas.
11/10/2000 -- THOSE 'CONFUSING' FLORIDA BALLOTS
There are arrows pointing to the punch-holes, for crying out loud! Why did Palm Beach County Floridians find their presidential-election ballots so confusing?
11/09/2000 -- Exxon Azerbaijan awards 3D seismic contract
Exxon Azerbaijan Operating Co. LLC, operator of the Zafar-Mashal production-sharing agreement, has awarded a contract to perform a 3D seismic survey to Caspian Geophysical LLC, a joint venture between Schlumberger Ltd. unit Schlumberger Oilfield Services and the State Oil Co. of Azerbaijan (SOCAR), Exxon said Wednesday.
11/08/2000 -- Eni-Agip claim deepest producing horizontal well
Italian oil and natural gas company Eni has reported that its Agip division, working with US contractor Schlumberger's Directional Drilling Services, has drilled what is claimed to be the world's deepest producing horizontal oil well.
11/07/2000 -- Remington: Well confirms new field
Remington Oil & Gas Corp., Dallas, Tex., said Tuesday it has confirmed its discovery at Eugene Island Block 397 in the Gulf of Mexico with its Green Canyon 48 No. 1 well. The OCS-G 16680 No. 1, located in 472 ft of water, was directionally drilled to a measured depth of 10,370 ft from a surface location on Eugene Island Block 397 to a bottom hole location on Green Canyon Block 48.
11/07/2000 -- Exploration/Development news briefs, Nov. 7
PTT Exploration & Production � Mariner Energy � Devon Energy � India � Samson Offshore � Western Geophysical
11/07/2000 -- Chevron included on shortlist for Pars bidding
US oil firm Chevron Corp. is included in the list of 23 international and two Iranian companies bidding for phases 9 to 12 of Iran's offshore South Pars gas project. The tender for phases 9 and 10 was announced recently (OGJ Online, Aug. 31, 2000).
11/06/2000 -- Chancellor Group to acquire Kansas oil field
Chancellor Group Inc., Las Vegas, Nev., has agreed to purchase 100% of B&L Co.'s interest in the Shinkle oil field in Greenwood County, Kan., for $1.75 million. Payment will include a maximum of 400,000 restricted shares of Chancellor Group common stock and $750,000 in cash, with $100,000 down and the balance in 90 days. Equity financing for the transaction has been arranged.
11/06/2000 -- Finance/Companies news briefs, Nov. 6
Quicksilver Resources � MGV Energy � PanCanadian Petroleum � Gulf Canada Resources � Crestar Energy � Nuevo Energy � Husky Energy � Talisman Energy � Pipeliner Enbridge � TransCanada PipeLines � Centrica � Avalanche Energy � Canadian Occidental Petroleum � Nexen � Canadian Nexen � Evergreen Resources � Norsk Hydro � Methanex � Imperial Chemicals Industries � Basic Earth Science Systems � and more
11/06/2000 -- Amerada Hess to acquire Lasmo for $3.5 billion
Amerada Hess Corp. announced plans Monday to acquire Lasmo PLC in a $3.5 billion stock and cash acquisition, a deal that will make Amerada Hess one of the largest global E&P companies. The merger will increase Amerada Hess' production to an expected 582,000 boe/d in 2001, up from 374,000 boe/d in 2000. Amerada Hess said it will gain reserves at $5.49/boe.
11/03/2000 -- Distillate heating oil supplies remain low, report says
The Petroleum Industry Research Foundation reports that US home heating oil stocks remain low despite an increase in distillate production, setting the stage for a potential shortage if the winter is unusually cold. It said low heating oil inventories, tight natural gas supplies, and renewed threats to Middle East stability create reasons to worry about heating oil supplies this winter.
11/03/2000 -- DOE realigns Tulsa petroleum research office
The US Department of Energy has shifted its Tulsa, Okla., petroleum research office under the umbrella of the recently created National Energy Technology Laboratory to improve technology exchanges within DOE.

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Exploration Development 2000 P