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Drilling Production 2001 P14

  • 05/21/2001 -- Sonangol says Angola crude output to hit 1 million b/d next year
    Angola's oil production could climb to 1 million b/d this year as a number of the West African state's deepwater offshore development projects come on stream, José Paiva, London-based managing director at Sonangol Ltd., said Monday. He said Angola's output was expected to rise to 1.3 million b/d by 2005 and continue increasing by 25%/year for the rest of the decade.
  • 05/21/2001 -- Investment analysts see strong oil prices for 5 years
    After more than a decade of depressed oil prices, the petroleum industry is now in a strong up cycle that should last for the next 5 years or longer, a panel of investment analysts said Monday morning. They spoke at a leadership and outlook conference in Houston sponsored by the Gulf Coast section of the Society of Petroleum Engineers.
  • 05/21/2001 -- SCORE offshore rig economics tally increases again
    Offshore drilling contractor Global Marine Inc., Houston, reports its worldwide Summary of Current Offshore Rig Economics (SCORE) for April increased by 7.2% over March, marking the 20th consecutive month-to-month increase.
  • 05/21/2001 -- Canada applauds Bush plan for continental energy market
    Ottawa and oil industry leaders are responding enthusiastically to plans by the Bush administration for a continental energy policy in which Canada would play an expanding role.
  • 05/22/2001 -- DOE offers to lease St. James SPR terminal
    The US Department of Energy's Strategic Petroleum Reserve office has invited oil firms to bid for the lease of its St. James terminal on the Mississippi River. The terminal, 45 miles west of New Orleans, has been leased to Equilon Pipeline Co. since 1997 as part of a program to make underutilized facilities in the SPR complex available for commercial crude operations.
  • 05/23/2001 -- Empire says magnetotelluric data prompt Australian wildcat
    Empire Oil & Gas NL, Perth, will spud a wildcat in the Exmouth subbasin of the onshore Carnarvon basin of Western Australia this week, encouraged in part by magnetotelluric data. The Brooke 1 wildcat is a sequel to the Rough Range 1B oil production program of last year.
  • 05/23/2001 -- MMS updates oil and gas production rate projections
    The US Minerals Management Service (MMS), Gulf of Mexico Region, Wednesday released new oil and gas daily production rate projections. MMS forecast oil production of 1.526-1.967 million b/d by the end of 2005, and gas production of 11.1-16.54 bcfd by the end of the same year.
  • 05/24/2001 -- US Senate turnover changes prospects for energy legislation
    The decision by Sen. James Jeffords (R-Vt.) Thursday morning to leave the Republican party gives Democrats control of the Senate and dramatically alters the course of future US energy policy, congressional and industry sources predicted.
  • 05/24/2001 -- Panel urges Interior to reexamine gas-prone offshore areas
    A US Minerals Management Service advisory committee has urged the agency to reexamine the gas resources of offshore areas where moratoriums prevent exploration. It said such data would better help the Interior Department determine if it should ask Congress to remove bans against leasing in specific areas.
  • 05/25/2001 -- New tanker phase-out plan
    With the sinking of the tanker Erika off France in 1999 still casting a long shadow over the maritime sector, the decision by the International Maritime Organization in London last month to rubber-stamp a new global timetable to phase out all single-hull tankers within 15 years from September 2002 had few detractors.
  • 05/25/2001 -- Another oil slick halts 12 Petrobras platforms
    Petroleo Brasileiro SA (Petrobras) announced an oil slick estimated at 110 cu m of crude had caused it to shut down production at 12 platforms. It was unclear where the oil came from. It was the second time this month that Petrobras has shut down production because of an oil slick.
  • 05/25/2001 -- US drilling activity increased this week
    US drilling activity jumped this week, and global utilization of mobile offshore rigs also increased, industry analysts reported Friday. There were 1,262 rotary rigs drilling in the US, 37 more than the previous week and up sharply from 864 a year ago.
  • 05/25/2001 -- Cheney says despite Senate shift, long-term energy policy needed
    US Vice-Pres. Dick Cheney Friday said policy makers should not yield to political expediency and continue ignoring the nation's long-term energy needs.
  • 05/29/2001 -- Cheney, Alberta premier to discuss energy policy goals June 14
    US Vice-Pres. Dick Cheney will meet in Washington, DC, June 14 with Alberta Premier Ralph Klein to discuss Alberta's role in the Bush administration's continental energy policy. Klein is expected to discuss oil sands development in Northern Alberta and the province's expertise in pipelines relative to Arctic development and mainline connections in Alberta to southern markets.
  • 05/29/2001 -- Gas production stopped at Åsgard B platform for turnaround
    Gas production at the Åsgard B platform in the Norwegian Sea has been shut down to permit the first turnaround since the platform came on stream last October, Statoil AS said Tuesday. Platform manager Anton Osenbroch reported the 14-day turnaround will account for 11,000 working hr.
  • 05/29/2001 -- Talisman discovers oil near Ross field in the UK North Sea
    Talisman Energy (UK) Ltd., a wholly owned subsidiary of Talisman Energy Inc., has discovered oil in an exploration well near Ross field in the UK North Sea. The Ocean Princess semisubmersible rig drilled the 13/29b-7 well, 5 km northeast of Ross field floating production, storage, and offloading (FPSO) vessel Bleo Holm.
  • 05/29/2001 -- Electric Power news briefs, May 29, 2001
    TransCanada PipeLines ... Petro-Canada ... Pike County Light and Power ... Caithness Energy ... Wisvest ... H. E. Butt Grocery Co. ... AES NewEnergy ... PEI Power Corp. ... Cayuga Energy ... Progress Energy ... Athens Generating Co. ... ENCORP ... New Millennium Power ... Public Service Electric & Gas Co. ... Electricit�e France ... Montedison ... PetroChina Co. ... Orlando Utilities Commission ... Florida Gas Transmission
  • 05/29/2001 -- Senate Demos due to investigate gasoline prices, FERC actions
    Democrats plan a harder look at the energy industry when they take control of the Senate in June. Sen. Carl Levin (D-Mich.) Tuesday said he will launch an investigation into whether oil companies are gouging consumers. Meanwhile, Sen. Dianne Feinstein (D-Calif.) wants a hearing focused on the Federal Energy Regulatory Commission's actions.
  • 05/30/2001 -- Drilling/Production news briefs, May 30
    Rio Alto Exploration ... Alberta Research Council ... Ness Energy International ... Lapidoth Israel Oil Prospectors
  • 05/31/2001 -- Statoil returns Gullfaks C to production in North Sea
    Statoil AS's Gullfaks C platform in the North Sea is back on production after a 17-day turnaround. About half of the 59,000 working hours spent during the turnaround were related to the Gullfaks satellites second phase project.

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