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Drilling Production 2001 P13

  • 05/10/2001 -- Conoco alliance plans shuttle tankers for FPSO operations in Gulf of Mexico
    Conoco Inc., Houston, formed an alliance with two shipbuilding firms in Alabama and Korea to plan the design and construction of the first shuttle tankers that would qualify to transport oil from a future floating production, storage, and offloading system (FPSO) in the deepest waters of the Gulf of Mexico, officials said Thursday.
  • 05/11/2001 -- IEA cuts world oil demand forecasts for sixth month in a row
    The International Energy Agency Friday downgraded its forecasts for global oil demand for the sixth straight month, stressing that higher oil prices and the slowdown in Western economies would cap demand growth this year at just over 1 million b/d. Demand is expected be more than 76.5 million b/d this year, 160,000 bbl under last month's prediction.
  • 05/11/2001 -- Resources Chairman praises federal ruling against roadless rule
    A key congressman has praised a May 10 decision by an Idaho judge to issue a temporary injunction against a Clinton administration rule that effectively would block about one-third of the nation's forests from oil drilling and other development. The administration has not yet commented on the ruling.
  • 05/11/2001 -- National Oilwell expands control systems line with acquisition
    In a move that expands its electrical control systems line, National Oilwell Inc. acquired Tech Power Controls Co. for about $10 million, sources reported Friday. Both companies are based in Houston.
  • 05/11/2001 -- Petrobras strikes 22°-gravity oil in Brazil's Santos basin
    Petroleo Brasileiro SA (Petrobras) discovered 22°-gravity oil on a deepwater block in Santos basin Block BS-500 in 1,498 m of water. The discovery was off Rio de Janeiro state, 170 km from the city of Rio de Janeiro.
  • 05/11/2001 -- Total US drilling activity increases as offshore utilization slumps
    US drilling activity continued to climb, but after 11 consecutive weeks of improvements, the utilization rate among mobile offshore rigs declined, industry analysts reported Friday. There were 1,232 rotary rigs drilling in the US this week, 15 more than the previous week and up from 830 a year ago.
  • 05/11/2001 -- IPAA considering appeal of Montana drilling case
    The Independent Petroleum Association of America is considering an appeal of a court ruling regarding drilling for oil and natural gas in Lewis & Clark National Forest of Montana. A Seattle federal appeals court said IPAA lacks standing to sue the US Forest Service. IPAA said it was evaluating whether to appeal to the US Supreme Court.
  • 05/14/2001 -- Finance/Companies briefs, May 14
    Athabasca Oil Sands Trust ... Bonus Resource Services ... Halter Marine Inc. ... Search Energy Corp.
  • 05/14/2001 -- Harrods offering interests in offshore Thailand licenses
    Harrods Natural Resources Inc., a firm owned by Harrods department store magnate Mohammed Al Fayed, has offered to sell stakes in its petroleum prospecting licenses off Thailand.
  • 05/14/2001 -- Drilling/Production news briefs, May 14
    Petrolex Energy ... Seven Seas Petroleum ... Mountain Oil ... Tipperary ... Koch Exploration ... Karachaganak
  • 05/15/2001 -- Woodside to proceed with Laminaria Phase II off Australia
    Perth-based Woodside Energy Ltd., operator of Laminaria and Corallina oil fields on Block AC/L5 in the Timor Sea off Australia, said participants have approved the $130 million (Aus.) Laminaria Phase II development.
  • 05/15/2001 -- Norsk Hydro awards contract for Fram West field in North Sea
    Norsk Hydro AS has awarded Aker Maritime AS a 500 million kroner ($55.1 million) contract to provide a production module for the Fram West development in the Norwegian North Sea.
  • 05/15/2001 -- Husky to increase East Coast exploration in drive to double output
    Husky Energy Inc. plans to increase exploration activity off Canada's East Coast as part of a plan to double overall company production to 500,000 boe/d by 2005. A decision about proceeding with the White Rose project off Newfoundland has been put off until September, however.
  • 05/15/2001 -- Esenjay Exploration reports well blowout in Matagorda County, Tex.
    Esenjay Exploration Inc., Corpus Christi, Tex., said a mechanical failure caused its Runnells 5 delineation well to blow out May 12. There was equipment damage but no injuries and no fire. Boots & Coots International Well Control Inc., Houston, said the well bridged over and the uncontrolled gas flow was substantially reduced.
  • 05/16/2001 -- Dolphin gas project issuing prequalification invitations
    This weekend Dolphin Energy Ltd. will issue the first of five prequalification invitations for major engineering and construction management contracts for the the Dolphin natural gas megaproject off Qatar, according to development partner United Arab Emirates Offsets Group.
  • 05/18/2001 -- Torrid storage injection pace deflating gas price expectations
    Unless hot weather settles in soon, a blistering gas storage injection pace will begin to reverse expectations about exceptionally high gas prices this summer.
  • 05/18/2001 -- Woodside brings Legendre development off Australia to first oil
    The Ocean Legend offshore production facility has brought the $110 million (Aus.) two-field Legendre development off Australia to first oil, operator Woodside Energy Ltd. reported Friday. Production from Legendre North and Legendre South fields, on production license WA-20-L, will now be ratcheted up to a plateau of 50,000 b/d as three more development wells are completed.
  • 05/18/2001 -- Flaring ends at Siri field in Danish North Sea
    Statoil AS's marginal North Siri field has become the first Danish offshore installation to stop flaring gas, the Norwegian operator reported Friday. An average of 25,000 cu m/day of gas, previously flared in connection with production shutdowns or process trips, will now be used either in power generation, or re-injected.
  • 05/18/2001 -- Oil slick prompts Petrobras to halt production from 13 platforms
    Petroleo Brasileiro SA (Petrobras) has halted production from 13 oil platforms in Campos basin while it investigates the source of an oil slick, estimated at 98,000 l. of crude. The halted production amounts to 135,000 b/d of crude and 830,000 cu m/day of gas. The slick appeared on Thursday.
  • 05/18/2001 -- US drilling activity dips, marine utilization lowers
    Total US drilling activity dipped this week with 1,225 rotary rigs working, seven less than the previous week but up from 849 a year ago. The utilization rate for mobile offshore rigs in the Gulf of Mexico also was down, industry sources reported Friday. .

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