Exploration Development 2000 P

09/12/2000 -- Algeria to launch first open licensing round
Algeria will soon launch a tender offer for hydrocarbon exploration concessions, it was officially announced in Algiers. This will be the country's first open licensing round.
09/07/2000 -- Exploration/Development news briefs, Sept. 7
Phillips Petroleum � Halliburton Subsea � Sterling Resources � Santos � Delhi Petroleum � Origin Energy � Oil Co. of Australia � Adair Yemen Exploration � Occidental Yemen Sabatain � Saba Yemen Oil � Yemen Co. for Investments in Oil & Minerals � Denbury Resources ... Forest Oil ... Anschutz Overseas ... Mvelaphanda Holdings
09/07/2000 -- Finance/Companies news briefs, Sept. 7
EDG � PetroQuest Energy � Vintage Petroleum � Perez Companc � Global Industries � Oceaneering International � Wood Group � Mustang Engineering � TC PipeLines � Tuscarora Gas Transmission � TransCanada PipeLines � Royal Dutch/Shell � Ripplewood Holdings ... PrimeWest Energy Trust ... National-Oilwell ... Halliburton ... Magin Energy ... Place Resources ... Starwood Hotels and Resorts ... Enron
09/06/2000 -- DOE to fund five gas research projects
With natural gas in short supply in the US and demand expected to continue its rapid growth, the US Department of Energy has agreed to pay $4.7 million to launch five natural gas research projects valued at nearly $7 million. The projects will study, among other things, drill-bit manufacturing, reservoir remediation, gas hydrate sedimentation, slim-hole drilling, and salt-dome storage.
09/05/2000 -- DOE accepts bids to stock home heating oil reserve
The US Department of Energy has accepted the bids of two companies offering to store 2 million bbl of home heating oil in the northeastern US. Morgan Stanley Capital Group Inc. will supply and store 1 million bbl at Amerada Hess Corp.'s First Reserve Terminal at Woodbridge, NJ; and Equiva Trading Co. will provide 1 million bbl of distillate for two New Haven, Conn., sites.
09/05/2000 -- TotalFinaElf targets Libyan expansion
Franco-Belgian oil combine TotalFinaElf SA has entered into negotiations with the Libyan government with a view to expanding its acreage holdings in the Middle East state and bidding for new blocks in Libya's upcoming licensing round, according to the official Organization of Petroleum Exporting Countries news agency, OPECNA.
09/04/2000 -- US firm totes up Lukoil reserves
OAO Lukoil's combined reserves stand at some 23 billion bbl of oil and 6.6 tcf if gas, with 60% concentrated in the Russian oil giant's "main resource region" of West Siberia, according to a new independent calculation by US engineering company Miller and Lents Inc.
09/04/2000 -- Ivory Coast seeks crude, gas supplies from Nigeria
The West African state of Ivory Coast has asked Nigeria to supply it with 20,000-30,000 b/d of crude oil. Ivory Coast is also seeking help in obtaining natural gas to feed its power plants.
09/01/2000 -- Mitchell, Barrett increase 2000 capex plans
Mitchell Energy & Development Corp. and Barrett Resources Corp. both have decided to boost 2000 capital spending for the remaining months of this year�Mitchell by 21% and Barrett by 37%, according to separate announcements made this week. Mitchell is raising its capital budget to $302 million from the $250 million level set in June. More than half the increase will be spent on upstream work. Barrett, meanwhile, is increasing its outlays to $227 million from about $166 million.
08/31/2000 -- Anadarko, AEC exchange Arctic holdings
Anadarko Canada Corp. and Alberta Energy Co. Ltd. have struck a complex deal in which AEC has farmed out to Anadarko a portion of its interest in two licenses in the Mackenzie Delta region of the Canadian Arctic, and Anadarko has agreed to farm out to AEC part its stake in some Alaska North Slope acreage. The exchange gives both companies a more diverse asset portfolio in a region expected to be key to supplying North American markets with much-needed natural gas.
08/31/2000 -- TotalFinaElf makes 10th find on Angolan offshore block
France's TotalFinaElf SA says it has made a 10th 'promising' deepwater oil discovery on Block 17 off Angola. On test, Perpetua-1, drilled in the eastern portion of the block in 795 m of water, flowed at a rate of 8,740 b/d of 20� gravity oil.
08/31/2000 -- Exploration/Development news briefs, Aug. 31
Westech Energy � GEL Exploration � Shell Todd Oil Services
08/30/2000 -- Texas utilities' latest stranded cost estimates in the billions
TXU Corp., Dallas, and Reliant Energy Inc., Houston, want Texas regulators to approve as much as $2.8 billion and $1.7 billion in stranded costs, respectively, nearly $2 billion more per utility than state regulators recommend. The two largest utilities in Texas filed this week with the Public Utility Commission of Texas an updated version of what they estimate stranded costs will be as a result of higher natural gas prices and higher environmental compliance costs.
08/30/2000 -- Fast-track Vixen gas field on stream
Conoco Inc.'s North Sea E&P arm, Conoco UK, yesterday brought its subsea Vixen natural gas development on stream ahead of schedule, under budget, and�at 140 MMscf/d�at higher daily flow rate than originally planned.
08/30/2000 -- Norsk Hydro to explore Iran's Anaran region
Norsk Hydro AS has won the tender to explore the Anaran region, located near the Iranian western border city of Dehloran in Ilam province, said Abdulkarim Garavand, governor of the city, last week.
08/29/2000 -- LOGIC satellite scheme comes into orbit
The first five undeveloped UK North Sea discoveries earmarked to be brought to market under government-industry initiative LOGIC's 'satellite accelerator' scheme were named late last week as the Solan and Strathmore, Kestrel, and Kessog discoveries, and the marginal Wood field. Total reserves for the five fields are estimated to stand at more than 200 million boe and could lead, according to LOGIC, to 'as much as �500 million of new development investment.'
08/29/2000 -- Gas pipeline approval more contentious, FERC warns
Transportation could become a bottleneck in the future as demand for natural gas increases, and the approval process for pipelines becomes more difficult, the Federal Energy Regulatory Commission warns in a new report. More natural gas pipeline capacity will be needed in the next 5-10 years to transport natural gas to fuel new electric generating plants and to serve new markets. For enough pipeline capacity to be on hand FERC says it will speed up the siting process when possible.
08/28/2000 -- Exploration/Development news briefs, Aug. 28
AMG Oil ... Mobil Exploration & Producing Peru ... Perupetro ... Exxon ... Elf Petroleum ... American International Petroleum ... American International Kazakhstan � Woodside � BP Developments (Australia) � Chevron Asiatic � Shell Development (Australia) � BHP Petroleum (North West Shelf)
08/25/2000 -- Drilling/Production news briefs, Aug. 25
BP � Parker Drilling � Young Oil � Aspen Group
08/25/2000 -- Deepwater rule changes
The 1995 Deep Water Royalty Relief Act surely has been the most constructive energy legislation the US has enacted in the past few years.

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Exploration Development 2000 P