Exploration Development 2000 P

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 -- SPR backfire
The Clinton administration's political decision to release oil from the Strategic Petroleum Reserve has become a political embarrassment.
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
10/18/2000 -- 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.
10/18/2000 -- Chevron says Fort Liard play needs more acreage
Chevron Canada Ltd. says the hot Fort Liard natural gas play in the Northwest Territories won�t grow until more land is made available for exploration and development. Chevron Canada's Pres. Jim Simpson told a Ziff Energy conference in Calgary this week that the company won�t expand further in the region until land near discoveries is made available.
10/18/2000 -- Baku-Ceyhan pipeline project noses ahead
The frontrunning project in the race to establish a primary oil export route out of the Caspian region took a significant, if conditional, step forward yesterday with the signing of a frame agreement to cover financing and preliminary design of a 1,700-km trunkline from Azerbaijan to Turkey.
10/17/2000 -- DOE reoffers SPR crude, fills distillate stockpile
The US Department of Energy has reopened bidding for 7 million bbl of Strategic Petroleum Reserve oil after two companies which had previously submitted winning offers could not provide the necessary financial guarantees. Separately, DOE said filling of the 2 million-bbl home heating oil reserve in the northeastern US is complete.
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.
10/17/2000 -- Chevron, Sasol agree to create gas-to-liquids joint venture
Chevron Corp. and Sasol have agreed to create a 50/50 joint venture, Sasol Chevron holdings, to develop gas-to-liquids technology, Chevron said Monday. Chevron and Sasol plan to invest more than $5 billion over the next five to 10 years in GTL ventures worldwide through the venture. The companies initially announced their intention to expand their GTL activities to a worldwide scale in June 1999.
10/16/2000 -- Exploration/Development news briefs, Oct. 16
Vintage Petroleum � Magnum Hunter Resources � Remington Oil & Gas � Conoco � PetroVietnam � Korean National Oil � SK Corp. � Geopetrol � Aspen Group � CanArgo Energy � Isramco � BG International � Delek Drilling � Isramco Negev 2 � Clal Industries & Energy � IOC Dead Sea � Dor Chemicals � Israel Petrochemicals � Naphtha Explorations � Naphtha Israel Petroleum � Petrobras � Queiroz Galv
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.
10/13/2000 -- 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.
10/13/2000 -- 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 -- 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 -- 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).
10/11/2000 -- 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.
10/11/2000 -- SSGC signs gas purchase agreements, memorandum of interest
Sui Southern Gas Co. Ltd. signed a gas purchase agreement and a preliminary gas purchase agreement Monday. It also received a memorandum of interest for the supply of gas to the Guddu thermal power station located in Pakistan's Sindh province.
10/09/2000 -- Cold Lake Pipeline System expansion planned
Alberta Energy Co. Ltd., Calgary, said Monday it's entered an agreement to expand the Cold Lake Pipeline system in northeastern Alberta. It has also entered a partnership which has signed long-term transportation agreements with several large Canadian companies.
10/06/2000 -- Fortum announces Barents Sea find
Finland's Fortum Corp. said Thursday it has made an oil discovery in the Norwegian sector of the Barents Sea that could contain between 175 and 300 million bbl of reserves.
10/06/2000 -- SPR drawdown of little help to heating oil shortfall
The politically driven SPR drawdown won?t help the heating oil problem in the US Northeast and it may even exacerbate it.

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