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Exploration Development 2000 P7

  • 07/21/2000 -- MMS issues terms for Western Gulf Sale
    The US Minerals Management Service Thursday issued the final notice of sale for Western Gulf of Mexico Sale 177, planned for Aug. 23 in New Orleans. The sale will offer 3,789 blocks totaling about 20.61 million acres off Texas and Louisiana. The tracts are 9-200 miles offshore in of 8 m to more than 3,000 m of water.
  • 07/24/2000 -- Petrobras starts international share-offer roadshows
    Petroleo Brasileiro SA kicked-off a road-show Thursday for Brazil's largest equity offering to date�the sale of about 153.3 million American Depository Receipts (ADRs) in Petrobras. Sources said that the 2�-week road show for the estimated $4.0 billion offering would start in New York before heading to Canada and Europe.
  • 07/24/2000 -- Electric Power news briefs, July 24
    Pennaco Energy Inc. ... Consolidated Edison Co. of New York Inc. ... Air Products & Chemicals Inc. ... El Paso Merchant Energy Co. ... Avista Power LLC ... Portland General Electric Co. ... Virginia State Corporation Commission ... PowerGen PLC ... LG&E Energy Corp. ... Powerspan Corp. ... FirstEnergy Corp. ... Beacon Group ... American Electric Power Co. Inc. ... Calvert Group ... Zero Stage Capital ... Ninotsminda Oil Co. ... AES Gardabani ... TXU
  • 07/25/2000 -- Petronas acquires farmout in Indonesian block
    Malaysian state oil company Petronas has agreed to acquire a 50% stake in the Pasemah Block from PT Medco Energi International Tbk. of Indonesia. The farmout agreement marks Petronas's first involvement in an Indonesian exploration and production project.
  • 07/25/2000 -- Power producer Calpine grows in gas markets
    After becoming one of North America's largest independent power companies, San Jose-based Calpine Corp. is set to become one of the region's largest natural gas producers to supply its growing fleet of plants. Tuesday the company reported acquisition of 205 bcf equivalent (bcfe) of proved natural gas reserves in three transactions for a combined $206 million (US), boosting its proved reserves to 430 bcfe.
  • 07/26/2000 -- Petrobras seeks US reserves through swap transactions
    Petroleo Brasileiro SA is in advanced negotiations with US companies that operate in the Gulf of Mexico to swap oil reserves in Brazil for equivalent gulf reserves, Carlos Alberto Pereira de Oliveira, the company's exploration and production superintendent, told OGJ Online. The swap operation began 2 months ago, when Petrobras sent invitation letters to 15 companies that own fields in the Gulf of Mexico.
  • 07/26/2000 -- Lukoil, Yukos, Gazprom form Caspian E&P JV
    Representatives of Yukos, Lukoil, and Gazprom signed charter documents in Moscow Wednesday establishing a joint venture company, Caspian Oil Co., to explore for and develop oil and natural gas reserves in the Caspian Sea region.
  • 07/27/2000 -- Congressman queries Clinton on ANWR intentions
    Wednesday asked President Bill Clinton to confirm or deny rumors that he intends to designate the Arctic National Wildlife Refuge coastal plain as a national monument. The coastal plain east of Prudhoe Bay field is believed to contain large oil reserves but cannot be leased unless authorized by Congress.
  • 07/28/2000 -- Santa Fe Snyder Brazilian well in production
    Santa Fe Snyder Corp., Houston, on Friday said production is flowing from the Carauna field in the Potiguar basin off Brazil. The company anticipates drilling at least two exploration wells on its BPOT-2 and BES-3 leases this year in addition to the current development of Carauna.
  • 08/01/2000 -- Richardson sees US gasoline price fall
    US Energy Sec. Bill Richardson said Monday that US gasoline prices have dropped for the sixth week in a row. According to the US Department of Energy, the nationwide average for regular gasoline dropped 21�/gal to $1.46/gal last week.
  • 08/02/2000 -- Nuggets subsea plans start to pan out
    TotalFinaElf has awarded the EPIC subsea facilities and pipelines contract for Phases 1 and 3 of its Nuggets gas development in the northern North Sea to a consortium of Coflexip Stena Offshore and ABB Offshore Systems. CSOL will handle design, procurement, and fabrication of the four pipelines for Nuggets, as well as perform all offshore installation and tie-ins of the pipelines, umbilicals, and manifolds. ABB is to provide horizontal trees, controls systems, umbilicals, and manifolds.
  • 08/03/2000 -- Committee: JNOC should take charge of Japan's pipeline network project
    A subcommittee of Japan's Ministry of International Trade and Industry has recommended that state-owned exploration company Japan National Oil Co. take charge of the project to build a natural gas pipeline network in Japan. The recommendation is significant in that it not only seeks to find a new role for JNOC, which has consumed huge amounts of public money in largely unsuccessful E&D projects, but also signals MITI is now actively supporting the notion of a national gas pipeline grid.`
  • 08/03/2000 -- Satellite Sygna in Norwegian North Sea onstream
    Statoil AS�s marginal Sygna field has been brought to first flow through the first of two production wells tied back to the operator�s workhorse Statfjord C platform 21 km to the south. The second well is due to come on stream before yearend, boosting production to some 40,000 b/d of oil from the Norwegian North Sea field.
  • 08/04/2000 -- UK offshore outlook remains gloomy
    As the UK offshore industry struggled to emerge from last year's economic slump, dubiously hopeful headlines began recurring in the trade press.
  • 08/07/2000 -- Pakistan seeks exploration project in Iraq
    Pakistan is seeking to gain a foothold in Iraq's huge oil exploration market, once United Nations sanctions against the country are lifted, and will shortly set up a long-term presence in the oil-rich country. Pakistan applied for a major oil exploration block in Iraq during a recent visit to Baghdad by Pakistan Petroleum Minister Usman Aminuddin.
  • 08/07/2000 -- Market watch, Aug. 7
    International oil prices surged to nearly $30/bbl Friday as traders�shocked by a sharp drop in US oil inventories last week in the face of presumed overproduction by the Organization of Petroleum Exporting Countries�bought up the market.
  • 08/07/2000 -- Petrobras's domestic share sale extended
    Petrobras has already sold shares valued at 900 million real in an ongoing public offer, said the Brazilian Development Bank (BNDES). The offer will be extended to Brazilian workers until Aug. 7. The bank said that in July, an estimated 150,000 investors purchased company shares.
  • 08/07/2000 -- Exploration/Development news briefs, Aug. 7
    South Africa Petroleum Agency � Global Energy Holdings � Scott Pickford � Nigel Press Associates � Shell Exploration (China) � China National Petroleum Corp. � PetroChina
  • 08/09/2000 -- Lukman: Nigeria oil sector striving to meet technological, economic goals
    Nigeria's current open licensing round is merely an early step in the country's bid to advance its oil industry, both technologically and economically, says Rilwanu Lukman, special adviser to President Olusegun Obasanjo. In his address at a Nigerian Society of Petroleum Engineers conference, Lukman said, in order to increase indigenous participation in the petroleum industry, Nigerian engineers would encounter significant challenges, foremost among which is application of new technologies.
  • 08/09/2000 -- Tromsø unitization deal finalized
    Seven licensee groups involved in the Tromsø patch development in the Barents Sea today struck a unitization deal that will see redistribution of interests in the three-field licence off northern Norway. According to Tromsø operator Statoil AS, the agreement, which encompasses the Snøhvit, Askeladden, and Albatross gas-condensate discoveries, will give the Norwegian oil company a 34.29% share in the complex, as well as the state's direct financial interest of 30%.

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