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Drilling Production 2001 P

  • 08/29/2001 -- MMS proposes safety rule for offshore pipeline repairs
    The US Minerals Management Service published Tuesday a proposed rule requiring operators to submit written safety plans and procedures prior to opening flanges or cutting into offshore pipelines for repairs or modifications.
  • 08/29/2001 -- Statoil puts small Glitne field on stream in North Sea
    Statoil AS said Wednesday that Glitne oil field, the smallest Norwegian continental shelf discovery to be developed independently, has been brought on stream. Glitne is on blocks 15/5 and 6, about 40 km northwest of Sleipner field.
  • 08/28/2001 -- Statoil has find at Gudrun, resumes full Gullfaks output in North Sea
    Statoil AS has a discovery at an exploration and appraisal well on the Gudrun structure in the Sleipner area of the North Sea. Meanwhile, Statoil said oil production from Gullfaks field is back to normal after 2 weeks of technical problems.
  • 08/24/2001 -- Rig utilization hits 22-month low in Gulf of Mexico
    The utilization rate among mobile offshore rigs in the Gulf of Mexico tumbled to a 22-month low of 74.6% as six more units were idled this week, Houston-based ODS-Petrodata Group reported Friday.
  • 08/24/2001 -- Weatherford acquires American Casedhole Specialists and ACE Crane & Equipment
    Weatherford International Inc. acquired the assets of American Casedhole Specialists Inc. and ACE Crane & Equipment Co. Financial terms were not disclosed.
  • 08/23/2001 -- Statoil to repair Åsgard welds, postpone test production from Huldra
    The failure of a weld in the Åsgard field has prompted Statoil ASA, Stavanger, to shut down the Åsgard B platform in the Norwegian Sea until mid-October and postpone test production from another field.
  • 08/23/2001 -- Conoco awards Belanak FPSO contract to Halliburton affiliate
    Conoco Inc., Houston, has awarded Halliburton Co. affiliate PT Brown & Root Indonesia a $600 million contract to provide project management, engineering, procurement, construction, and installation (EPCI) services for the Conoco Belanak floating production, storage, and offloading vessel.
  • 08/22/2001 -- AIPC unit buys ITAG Group
    Gulf Drilling & Production Services GDPS, a subsidiary of Arabian International Petroleum Corp. of Qatar, acquired 90% of shares in ITAG Group, Celle, Germany. Management holds the remaining shares.
  • 08/22/2001 -- Vaalco selects FPSO for development of Etame field
    Vaalco Gabon (Etame) Inc. selected the floating production, storage, and offloading vessel Petróleo Nautipa for development of the Etame field off Gabon. The 2-year contract is worth $30 million to its owner and operator, a joint venture of Fred. Olsen Energy ASA and Prosafe ASA, both of Norway.
  • 08/21/2001 -- Kværner to upgrade Yetagun platform
    Premier Petroleum Myanmar Ltd. awarded the Singapore office of Norwegian company Kværner ASA a contract as part of the upgrade of the Yetagun platform in Myanmar's Gulf of Martaban, said Kværner.
  • 08/21/2001 -- Western Gulf of Mexico lease sale is fourth largest by bids in a decade
    Despite the recent drop in offshore drilling activity, US Minerals Management Service officials expect a competitive and profitable sale Wednesday of federal oil and natural gas leases in the western Gulf of Mexico.
  • 08/20/2001 -- SCORE offshore rig indicator falls from Gulf of Mexico weakness
    Offshore drilling contractor Global Marine Inc., Houston, reports its worldwide Summary of Current Offshore Rig Economics for July fell by 0.3% from June. The Gulf of Mexico rating lowered the count, though the international market showed strength.
  • 08/20/2001 -- Lukoil to acquire rest of Perm Oblast JV from SOCO
    Lukoil Overseas Holding Ltd. has agreed to acquire the remaining 50% of joint venture Permtex LLC from SOCO International PLC, London, for $50 million.
  • 08/20/2001 -- Cairn Energy tests well off India
    Cairn Energy PLC has tested one zone in its well on Prospect P on Block KG-DWN-98/2 off Andhra Pradesh, Eastern India. Previously, Cairn said DWN-P-1 reached 2,585 m TD and found two hydrocarbon-bearing units.
  • 08/20/2001 -- US gas production rise making impact on gas markets-for now
    Rising production of natural gas in the US is beginning to contribute to the weakness in gas prices; longer-term trends suggest otherwise
  • 08/17/2001 -- Drilling activity declines in US and Gulf of Mexico
    US drilling activity continued to decline, particularly in the Gulf of Mexico, in the wake of sagging market prices for natural gas, industry analysts said Friday. Utilization among mobile offshore rigs in the gulf dipped to 77.8% with 165 units under drilling contracts out of the 212 available, said officials at ODS-Petrodata Group, Houston.
  • 08/17/2001 -- Sinopec to boost Shengli oil production capacity by 1.5 million tonnes
    China Petroleum & Chemical Corp. plans to add 1.5 million tonnes of crude production capacity at its Shengli oil field this year. The new capacity will help raise Shengli�s crude output by 0.68% to 26.58 million tonnes from its earlier target.
  • 08/17/2001 -- Litmus Test
    Environmentalists are livid about a US House of Representatives energy bill that would open the coastal plain of Alaska's Arctic National Wildlife Refuge to drilling.
  • 08/16/2001 -- PetroChina raises 2001 production targets for four oil fields
    PetroChina Co. has decided to raise its crude production target for this year by 0.7%, or 700,000 tonnes. Providing the extra output will be Changqing, Yumen, and Tarim basin fields in Northwest and Jilin field in the Northeast.
  • 08/15/2001 -- Statoil expects to resume full Gullfaks production within a week
    Statoil ASA said it expects to bring production from Gullfaks field in the North Sea back to normal "soon." Oil production from A and B platforms has been reduced by half to 90,000 b/d because Statoil is testing a new chemical for desulphurization.

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