Drilling Production 2001 P

09/21/2001 -- Offshore safety
The offshore oil industry creates its own superlatives and statistics. Every year new records are created in offshore drilling, production efficiency, and water depth. It is one of the world's most energy-efficient industries, and its progress on environmental issues has been remarkable, if unrecognized by many.
09/20/2001 -- Raymond James analysts foresee 'almost certain' oil supply disruptions
Markets may be overestimating the potential decline of global demand for energy in the wake of last week's terrorist attacks and could instead face the "almost certainty" of severe supply disruptions over the next 2 years, energy group analysts with Raymond James & Associates Inc. reported Thursday.
09/20/2001 -- Finance/Companies news briefs, Sept. 20
Rider Resources Inc. ... Circle Energy ... Plains All American Pipeline ... NefteBid ... Sibneft ... US Environmental Protection Agency ... Soho Resources ... Huntford Resources ... Exco Resources ... Range Petroleum ... Beta Oil & Gas ... Equilon Enterprises ... Valley Oil ... Maverick Tube ... and more
09/20/2001 -- Oct. 1 startup due for Malampaya gas field project off Philippines
Shell and the Philippines government have signed the final environmental agreements allowing the $2 billion Malampaya deepwater gas field to begin production ahead of schedule on Oct. 1. It will be the nation's first gas field, and with three associated power projects, $4.5 billion will be invested.
09/19/2001 -- Shell to develop Manatee by tieback to Bullwinkle
Shell Exploration & Production Co. plans to develop its Manatee project in the Gulf of Mexico via tieback to the Bullwinkle platform on Green Canyon Block 65. Manatee will be a two-well, $80 million development on Green Canyon 155, 160 miles southwest of New Orleans.
09/19/2001 -- Reversing 16-year slide, US stripper oil output rose in 2000
Reversing a long decline, the number of marginal oil wells and oil production from them increased in 2000, the Interstate Oil and Gas Compact Commission reported Wednesday. It was the first increase in production since 1984.
09/19/2001 -- Pipeline repairs to shut in Point Pedernales field off California
Nuevo Energy Co. plans to suspend oil production from Point Pedernales field to replace five flanges on the 20-in. pipeline between Platform Irene and an onshore processing plant. Production is about 5,000 b/d net to Nuevo. It has an 80% working interest and Mission Energy Co. has 20%.
09/18/2001 -- Prudential Financial sees no change in US refining margins
Prudential Financial has not changed its prediction of a $7.15/bbl margin for US refiners for the remainder of the year, despite uncertainty following terrorist attacks. It said refining margins have more than doubled in the last 6 weeks after declining about 60% in the 6-week period prior to that.
09/18/2001 -- Gulf of Mexico rig market weakness again drags down SCORE indicator
Offshore drilling contractor Global Marine Inc., Houston, reports its worldwide Summary of Current Offshore Rig Economics for August fell by 3.2% from July.
09/17/2001 -- US Congress may attach energy policy measures to budget bills
The outlook for comprehensive energy legislation grew more muddled Monday as the US Congress focused on pending spending bills that will fund the government during the fiscal year that starts Oct. 1. The House passed a bill in August; the Senate is considering its own proposals.
09/14/2001 -- Michigan provisionally approves Great Lakes directional drilling procedures
The Michigan Oil & Gas Association applauded proposed oil and gas leasing guidelines that include directional drilling under Lake Huron and Lake Michigan. The newly revealed procedures still await final approval by the Michigan Department of Natural Resources.
09/14/2001 -- US, Canada rotary rig count falls from last week
The weekly rotary rig count fell by 14 in the US and its waters and by 10 in Canada, said Baker Hughes Inc., Houston. This week there were 1,202 rotary rigs working in the US and its waters and 318 working in Canada. A year ago, the numbers were 1,012 and 271 respectively.
09/13/2001 -- Amerada Hess prepares to spud Faroe Islands wildcat
The Faroe Islands Petroleum Ministry said Thursday it has approved Amerada Hess (Faroes) Ltd.'s plans to drill a wildcat in 950 m of water on the Faroe Shelf. The well is expected to take 2-3 months and will be the last well drilled on the Faroe Shelf this year.
09/13/2001 -- CanArgo sidetracks Georgian wildcat, drills ahead at another
CanArgo Energy Corp., London, plans to sidetrack its first hole in a Georgian exploration program testing Cretaceous gas prospects.
09/11/2001 -- Energy prices likely to escalate, analysts report
Terrorist attacks in New York and Washington, DC, will surely drive up energy prices at least for a while, industry analysts reported late Tuesday. But how long prices remain high depends largely on market perceptions, they said.
09/11/2001 -- Exploration/Development news briefs, Sept. 11
Norsk Hydro ... Sonangol ... Phillips Petroleum ... Braspetro ... Royal Dutch/Shell ... ENI ... Kellogg Brown & Root ... Mærsk Olie og Gas ... Statoil
09/10/2001 -- ExxonMobil awards Saibos $230 million contract for Kizomba A project
ExxonMobil Corp. has awarded Saibos CML a $230 million contract as part of the Kizomba A project off Angola. Kizomba is made up of Hungo, Chocalho, Kissange, and Dikanza fields in deepwater Block 15 off Angola.
09/10/2001 -- Dominion to acquire Louis Dreyfus Natural Gas for $2.3 billion
Dominion Resources Inc. of Richmond, Va., is acquiring Louis Dreyfus Natural Gas Corp., Oklahoma City, in a $2.3 billion cash, stock, and assumed debt deal that will increase Dominion's natural gas reserves 60% and expand its fast-growing energy trading business, company officials said Monday.
09/07/2001 -- Gulf of Mexico rig utilization rate slumps to 25-month low
The percentage of mobile offshore rigs under contract in the Gulf of Mexico hit a 25-month low this week, along with a large drop in both the total number of land rigs working in the US and the number of US rigs drilling for natural gas, industry analysts reported Friday.
09/07/2001 -- Conoco awards contracts for Belanak gas field off Indonesia
Conoco Inc. awarded two engineering, procurement, construction, and installation contracts for the $1.6 billion Belanak gas development off Indonesia.

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Drilling Production 2001 P