Drilling Production 2001 P

09/06/2001 -- Helmerich & Payne to buy 27 more rigs in 2002
Helmerich & Payne Inc., Tulsa, plans to acquire 25 more land rigs and two offshore platform rigs in 2002. It plans capital expenditure of $340 million for next year on fleet additions and refurbishment of existing rigs and other capital equipment.
09/06/2001 -- Schlumberger acquiring fiber-optics technology firm Sensor Highway
Schumberger Oilfield Services, a unit of Schlumberger Ltd., said Thursday it is acquiring Sensor Highway Ltd. (Sensa), which provides fiber optic sensing technologies for oil and gas wells.
09/05/2001 -- Bergesen Offshore awards oil processing systems contracts to ABB
Bergesen Offshore, a Norway-based production contractor, has awarded a $95 million contract to ABB Group to build and operate the oil processing systems on two floating production, storage, and offloading vessels.
09/05/2001 -- Dominion, Williams sign pipeline deal for Devils Tower field
Dominion Exploration & Production Inc. and Pioneer Natural Resources Co. have signed an agreement with Williams Cos. Inc., Tulsa, for infrastructure for deepwater Devils Tower field in the Gulf of Mexico. The companies said the agreement was the first of its kind for the gulf.
09/05/2001 -- Anadarko starts 61,000 b/d production train at Algerian oil field
Anadarko Petroleum Corp. has started a second oil production train at Hassi Berkine South oil field in Algeria, which eventually will boost output to 135,000 b/d from 74,000 b/d. With the development of other fields, production capacity will exceed 500,000 b/d.
09/04/2001 -- TotalFinaElf brings Franklin field on stream in UK North Sea
TotalFinaElf SA has started Franklin field in the UK North Sea, which adds to production of jointly developed Elgin field, which came on stream in March. The two fields should plateau at 140,000 b/d of condensate and 13 million cu m/day of gas, said TotalFinaElf.
09/04/2001 -- Statoil buying Rasmussen Group's 20% share of Navion
Statoil plans to buy the Rasmussen Group's 20% share in the Navion shipping and offshore company for $175.4 million effective Oct. 1. Statoil will now own all of Navion. It also was agreed that the Rasmussen group will take over Navion's 50% interest in Rasmussen Maritime Services (RMS).
08/31/2001 -- Canada's Nexen remains focused on expanding oil production
Charlie Fischer, president and CEO of Nexen Inc., Calgary, said his company plans to double in size over 5 years through exploration of a 37-million acre inventory.
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.
08/28/2001 -- PPL Shipyard, P&A Group acquire Sabine Offshore Service
PPL Shipyard Pte. Ltd., Singapore, and P&A Group, Houston, have jointly acquired Sabine Offshore Service Inc., Sabine Pass, Tex.
08/27/2001 -- Finance/Companies news briefs, Aug. 27
Canadian 88 ... Canadian Superior Energy ... Royal Dutch/Shell Group ... India's state-owned Oil & Natural Gas Corp ... Equistar Chemicals ... Fairchild International ... Canadian Imperial Venture ... Command Drilling ... South Texas Drilling & Exploration ... and more
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.
08/23/2001 -- Exploration/Development news briefs, Aug. 23
Repsol-YPF ... Chevron San Jorge ... BHP Petroleum (Trinidad) ... Phillips Petroleum International Corp. Denmark ... Unocal ... Shell Brasil ... Texaco ... ONGC Videsh ... Oil & Natural Gas ... BP ... Occidental Oil & Gas ... Flowtronex International ... Oil & Natural Gas Corp. ... Indian Oil Corp. ... and more
08/22/2001 -- Drilling/Production news briefs, Aug. 22
RWE-DEA ... TotalFinaElf ... Energie Beheer Nederland ... Nederlandse Aardolie Maatschappij ... Carrizo Oil & Gas ... Statoil
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.

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Drilling Production 2001 P