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Exploration Development 2000 P3

  • 05/24/2000 -- Exploration/Development news briefs, May 25
    Indonesia Petroleum Ltd. makes North West Shelf gas discovery; Uzbekistan invites foreign investment in development projects.
  • 05/25/2000 -- World dependence on Middle East oil to grow
    Oil importing countries' dependence on Middle East supplies will grow until additional conventional sources are identified and become cost competitive, according to speakers at a Gulf Cooperation Council conference. The investment needed for fossil fuel development for the next 25-30 years will be about $200 billion/year, one predicted.
  • 05/25/2000 -- Nippon Mitsubishi confirms
    Timor Sea gas-condensate find

    Japan's Nippon Mitsubishi Oil Corp. on Thursday said its exploration unit has confirmed a natural gas and condensate discovery in the Timor Sea off northwest Australia. Drilled by Nippon Oil Exploration Ltd., the well flowed 65.5 MMcfd of natural gas and 1,921 b/d of condensate on test.
  • 05/25/2000 -- Fortune Oil & Gas to acquire Bawean PSC off Java
    Indo Pacific Oil & Gas Inc., a subsidiary of Fortune Oil & Gas Inc, Vancouver, BC, has agreed to acquire 100% of the shares of GFB Resources (Java) Ltd. from Carmanah Resources Ltd., Calgary. GFB Resources owns 100% of the Bawean production-sharing contract, 50 miles off the northern coast of Java in the Java Sea. Fortune will restart production from Camar field and undertake exploration drilling on the blocks.
  • 05/26/2000 -- Exploration/Development news briefs, May 26
    Repsol-YPF makes Neuquen basin gas discovery; Poland identifies 12 new exploration targets.
  • 05/26/2000 -- Natural gas policy
    A National Petroleum Council report on the US gas supply dilemma has been getting a lot of attention recently.
  • 05/26/2000 -- Ecuador considers refinery closures, touts oil discoveries
    Ecuador says it is planning to shut in one or more of its refineries and begin importing refined products. Meanwhile, the government is trumpeting recent exploration successes in its Amazon region by Perez Companc SA and Cayman Oil Co.
  • 05/26/2000 -- Ecuador touts oil discoveries, considers refinery closures
    Ecuador is trumpeting recent exploration successes in its Amazon region by Perez Companc SA and Cayman Oil Co. Meanwhile, it is planning to shut in one or more of its refineries and begin importing refined products.
  • 05/26/2000 -- Agip awarded China exploration contract
    Agip China BV, a subsidiary of Italy's ENI SPA, on Friday said the Chinese government has awarded it an exploration permit in the Qaidam basin in west-central China. Agip signed a production-sharing agreement (PSC) with China National Petroleum Co. (CNPC), China's state oil company, covering a 7,000 sq km area postulated to hold natural gas reserves of 250 billion cu m.
  • 05/30/2000 -- Australia heads for showdown over greenhouse gas emissions
    Division appeared in Australian government ranks last week, as the federal cabinet wrestled with conflicting promises concerning Australia�s greenhouse policy. Since the Kyoto meeting in 1997, the government has vowed that it would limit greenhouse gas emissions to an 8% increase over 1990 levels by 2010. It has also promised Australian industry that it would do nothing to harm industry�s international competitiveness. It seems unlikely that both promises can be met.
  • 05/30/2000 -- Sui Southern to buy gas production from Hassan field
    Pakistan state company Sui Southern Gas Co. has signed yet another gas purchase deal with Pakistan Petroleum Ltd., also a state firm. An informal agreement provides for the offtake of up to 15 MMcfd from PPL's Hassan gas field in the upper Sindh area, said an official of SSGC.
  • 05/30/2000 -- Unocal chairman calls for Asian gas development
    Natural gas development has enormous potential to strengthen the economies and improve the lives of people throughout Asia, Unocal Chairman Roger C. Beach said at the Fifth Asian Oil & Gas Conference.
  • 05/31/2000 -- Drilling/Production news briefs, May 31
    Ranger Oil � Premier Pict � Bow Valley � Roc Oil ... Croft Exploration ... Petroleum Geo-Services ... Canadian Imperial Venture ... Hunt Overseas ... PanCanadian Petroleum ... Racal NCS ... Horizon Offshore
  • 05/31/2000 -- Al Gore affirms opposition to ANWR exploration
    US Vice-President Al Gore Tuesday pledged that, if elected President, he would never allow oil exploration on the coastal plain of the Arctic National Wildlife Refuge in northeastern Alaska. He also said he would oppose any new oil and gas drilling off the coasts of California and Florida and would continue the moratorium against lease sales off the East and West coasts.
  • 06/01/2000 -- Perupetro to tender 25 exploration blocks
    Perupetro SA will present information on 25 blocks available for exploration and production contracts at the World Petroleum Congress in Calgary next month. Included are 14 offshore blocks on the continental shelf and 11 blocks in jungle areas in the Ucayali, Mara�on, Santiago, Huallaga, and Ene basins.
  • 06/01/2000 -- PNM files transition plan with New Mexico PUC
    Public Service Co. of New Mexico's (PNM) transition plan filed Wednesday with the New Mexico Public Regulation Commission includes $782 million in stranded costs and a proposal to split distribution and electric generation into two separate subsidiaries.
  • 06/02/2000 -- Canada addresses maritime boundary dispute off East Coast
    Ottawa is moving to resolve a boundary dispute between two East Coast provinces involving the resource rich Laurentian sub-basin off Cape Breton. The dispute between Newfoundland and Nova Scotia has blocked exploration activity in the Gulf of St. Lawrence area.
  • 06/02/2000 -- CNOOC takes over Primeline�s China offshore stakes
    China National Offshore Oil Corp. and Britain�s Primeline Petroleum Corp. have reached an agreement to transfer Primeline's stakes in two offshore oil and gas blocks in the East China Sea to CNOOC. CNOOC will process seismic and drill two exploratory wells on the blocks this year.
  • 06/02/2000 -- Iran seeks to form gas producers' group
    Iran is actively canvassing other major gas-exporting countries with a view to inviting them to a Deputy Minister-level meeting in Tehran in the next 2 months, according to consultants Dresdner Kleinwort Benson Research. Those invited would include Qatar, Algeria, Indonesia, Malaysia, Turkmenistan, Russia, and Oman.
  • 06/05/2000 -- Harrods Resources expands in Southeast Asia
    Harrods Natural Resources Inc., a company owned by Harrod's department store magnate Mohammed al Fayed, is moving to expand its petroleum prospecting ventures in Southeast Asia. It agreed to buy the remaining interest in Block B5/27 in the Gulf of Thailand, bringing its stake to 100%. The company has already drilled five wells on that concession.
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