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Exploration Development 2000 P8

  • 08/11/2000 -- The trigger
    More important than establishing a home heating oil reserve in the Northeast is setting the criteria for its use.
  • 08/14/2000 -- Long-term, fixed power contracts make comeback
    Recent volatility in the California power market has prompted municipally owned utilities to replace power bought on the spot market with long term power supply contracts. Roseville Electric recently signed a 5-year contract with Enron Power Marketing Inc.
  • 08/14/2000 -- Conoco eyes involvement in Niger Delta fields
    Conoco Energy Nigeria Ltd. has begun negotiations to participate in the development of Nigerian Petroleum Development Co.'s two oil fields in the Niger Delta, Conoco Managing Director Paul Warwick said last week.
  • 08/15/2000 -- Exploration/Development news briefs, Aug. 15
    TGS-NOPEC Geophysical � Noble Drilling � Samedan Oil � Mariner Energy ... Daewoo ... Myanma Oil & Gas Enterprise ... Sasol ... OilExchange ... Beach Petroleum ... Magellan Petroleum Australia ... Santos ... Australian Canadian Royalties ... Australia Crude Oil Co.
  • 08/15/2000 -- Talisman increases E&D spending
    Encouraged by prospects for high oil and gas prices, Talisman Energy Inc., Calgary, is increasing its Canadian exploration and development spending this year by 23% to $641 million. The company plans to spend some $1.6 billion overall, including net property and asset acquisitions of $260 million.
  • 08/15/2000 -- Democrats' US presidential platform emphasizes environment
    The Democratic National Convention's platform for the 2000 US presidential campaign stresses environmental protection and takes the energy industry to task. In direct conflict with the Republican Party platform, the Democratic document would bar oil exploration in the Arctic National Wildlife Refuge east of Prudhoe Bay field in Alaska.
  • 08/16/2000 -- Showa Shell to divest overseas exploration operations
    Showa Shell Sekiyu KK said it would halt its overseas exploration operations by the end of this year. It was the first major Japanese oil company to respond to a call by the Ministry of International Trade and Industry (MITI) for Japanese-owned exploration projects without economic viability or political significance to be liquidated as soon as possible.
  • 08/21/2000 -- Shell to expand Thai holdings
    Even though it tried to sell off its Thai holdings in 1998, Royal Dutch/Shell Group now plans to bid for four more blocks, Deputy Managing Director Luechia Wongsirasawat said.
  • 08/21/2000 -- Electric Power news briefs, August 21
    American Transmission Co. LLC ... Wisconsin Electric Power Co. ... Wisconsin Public Service Resources Corp. ... Madison Gas & Electric Co. ... Alliant-Wisconsin Power & Light ... Wisconsin Public Power Inc. ... Compagnie Parisienne de Chauffage Urbain ... Cogetherm ... GE Power Systems ... Electricite de France ... Cinergy Corp. ... Capstone Turbine Corp. ... Centrica PLC ... Direct Energy Marketing Ltd. ... Sempra Energy
  • 08/23/2000 -- Faroes licences shot in the arm to delayed UK round
    UK Minister of Energy and Competitiveness Helen Liddell admitted today that the government was no nearer being able to set a date for the long-delayed 19th offshore licensing round because of ongoing European Union Habitats Directive hearings.
  • 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.
  • 08/25/2000 -- Drilling/Production news briefs, Aug. 25
    BP � Parker Drilling � Young Oil � Aspen Group
  • 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.
  • 08/29/2000 -- 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.'
  • 08/30/2000 -- 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.
  • 08/30/2000 -- 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 -- 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.
  • 08/31/2000 -- Exploration/Development news briefs, Aug. 31
    Westech Energy � GEL Exploration � Shell Todd Oil Services
  • 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.
  • 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.

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