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Exploration Development
Drilling Production 2001 P
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09/28/2001 -- Drilling/Production news briefs, Sept. 28
Esso Exploration Angola Ltd. ... ABB AS ... ATP Oil & Gas Corp. ... Woodside Energy Ltd. ... Energy Partners Ltd. ... Lukoil -
09/28/2001 -- UK government launches e-commerce 'oil portal' for producers
The UK Government has begun an 'oil portal,' an e-commerce system to help oil and gas companies to conduct all of their business electronically with regulators. -
09/28/2001 -- MMS official warns IADC about security, safety of offshore facilities
The Gulf of Mexico Offshore Operators Committee will meet here Oct. 10 to discuss how to protect production facilities from terrorist attacks. A committee official said offshore drilling and production personnel will discuss security issues undertaken, mutual assistance measures, and identification procedures. -
09/28/2001 -- Market watch: US energy futures prices inch up
Energy futures prices Thursday regained a little of their previous large losses on the New York Mercantile Exchange but dipped again on the London market. OPEC's decision to hold the line on oil production at least until its next ministerial meeting in November removed just one element of uncertainty from the market, said analysts. -
09/28/2001 -- Statoil begins producing gas from Gullfaks satellites in North Sea
Statoil has begun producing gas from Gullfaks South field in the North Sea, the latest stage in the Gullfaks satellites phase II development project. -
09/28/2001 -- Well to increase oil output 30% at Siri field in Danish North Sea
Statoil said Friday the latest well at Siri field on the Danish continental shelf will produce around 10,000 b/d, increasing field output 30%. -
09/28/2001 -- EIA says tax credits boosted nonconventional gas output in 1990s
Tax credits for non-conventional fuel production were a key factor in the growth of the major companies' US natural gas production in the 1990's. The Energy Information Administration said nearly half of the majors submitted data showing they got tax credits for nonconventional fuel output. -
09/28/2001 -- Water problems
The production of water goes hand-in-hand with the production of oil. Indeed, Royal Dutch/Shell produces 6 million b/d of oil and 6 million b/d of water. -
09/27/2001 -- OPEC confirms it won't change oil production quotas
The Organization of Petroleum Exporting Countries confirmed Thursday it would not change its present oil production quotas to firm prices. The oil ministers said they would meet again in Vienna Nov. 14 to review the oil market situation and cut output at that time if necessary. -
09/26/2001 -- Repsol begins gas production at Quiriquire field in Venezuela
Repsol YPF has begun gas-condensate production at Quiriquire field in Monagas State, western Venezuela. -
09/25/2001 -- US gas producers see ample winter supplies, lower demand
The Natural Gas Supply Association said Tuesday that US gas supplies should be ample this winter. It predicted gas demand will slide 2.1% or 250 bcf to 11.44 tcf, assuming that the nation's economic recovery is delayed by uncertainty over events in the Middle East. -
09/25/2001 -- Australia's shale oil 'twins' approve plan for merger
Southern Pacific Petroleum NL and Central Pacific Minerals NL plan to merge. They operate a $300 (Aus.) million shale oil demonstration plant at Stuart. -
09/25/2001 -- Market watch: Energy futures plunge as speculators challenge OPEC
International energy futures plummeted Monday, breaking through the floor of the price range targeted by the Organization of Petroleum Exporting Countries. Some observers said speculators were challenging the cartel's energy ministers, who are meeting in Vienna Wednesday. -
09/25/2001 -- Consortium developing downhole testing method that eliminates flaring
A consortium of Shell, Statoil, Halliburton, and Petrotech are researching a downhole testing method for wells that eliminates the need for flaring. -
09/25/2001 -- Canadian oil mergers, acquisitions doubled in first half of 2001
A spate of takeover deals has made Canadian independents with significant natural gas and land positions an endangered species. Sayer Securities Ltd. said the first half saw more than 70 merger and acquisition deals totaling $21 billion (Can.). -
09/24/2001 -- PetroChina prepares to offer 19 blocks in three basins
PetroChina Co. plans to offer 18 oil and gas blocks in China's Tarim, Ordos, and Songliao basins for international tender. -
09/24/2001 -- Canadian producers scramble to launch coalbed methane projects
Canadian producers are preparing to drill a number of coalbed methane wells like this one in the US. Photo courtesy of Phillips Petroleum Co. -
09/21/2001 -- DOE funding six more projects to improve US production methods
The US Energy Department plans to fund six university research projects with the goal of helping producers sustain oil flows. -
09/21/2001 -- Gulf of Mexico rig utilization falls for sixth consecutive week
Offshore rig utilization in the US waters of the Gulf of Mexico fell for the sixth consecutive week, officials at ODS-Petrodata Group, Houston, reported Friday. Total US drilling declined slightly, primarily on the landside, said Baker Hughes Inc. officials in Houston. -
09/21/2001 -- China's Daqing crude output to fall by 2 million tonnes/year until 2005
Daqing Oil Co., a subsidiary of PetroChina Co., expects its crude oil output to fall by 1.5-2 million tonnes/year till 2005. This year, Daqing oil field -- China's largest -- will produce 51.5 million tons, down 1.5 million tons from last year.
