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Drilling Production 2001 P15

  • 06/01/2001 -- Cyber-supply shocks
    Forget the Organization of Petroleum Exporting Countries. Ignore Saddam Hussein. Okay, well, maybe don't ignore Saddam.
  • 06/01/2001 -- Merrill Lynch predicts good year for power industry
    Steve Fleishman, head of Merrill Lynch & Co.'s global power and research group, said energy merchants and power generation companies' earnings could rise 30% in 2001 over last year. He projected earnings of integrated utility companies could be up 12% year over year, despite a 'roller coaster' year for the industry to date.
  • 06/01/2001 -- Phillips to resume production at two North Sea platforms
    Phillips Petroleum Co. plans to resume production of 25,000 b/d at two of its North Sea platforms on Monday following a week of repairs to their fire protection systems, a spokesman said. Phillips halted production May 28 at platforms Eldfisk Alpha and Embla.
  • 06/01/2001 -- US drilling activity rises, but drops in Gulf of Mexico
    Total US drilling activity continued to climb this week, although utilization of mobile offshore rigs declined in the Gulf of Mexico, industry analysts reported Friday. There were 1,270 rotary rigs working in the US, eight more than last week and up from 866 a year ago.
  • 06/04/2001 -- Enserco, Kuukpik form JV for Alaska drilling
    Enserco Energy Service Co. Inc., Calgary, and Kuukpik Corp., an Alaskan First Nations company, have formed a joint venture to provide exploration and development drilling services in Alaska.
  • 06/05/2001 -- Market watch: Oil prices rebound as Iraq halts exports
    Oil futures prices rebounded Monday, as Iraq again halted its oil exports to protest UN adjustments of its oil-for-food program. However, other members of the Organization of Petroleum Exporting Countries, meeting in Vienna, said they would make up any temporary oil supply curtailments.
  • 06/05/2001 -- Drilling/Production news briefs, June 5
    Heerema Tonsberg ... Rig Design Services ... Bardex ... Softwall Equipment ... Energy Africa Gabon ... Stratic Energy
  • 06/06/2001 -- GMX Resources contracts two Nabors rigs for East Texas work
    GMX Resources Inc., Oklahoma City, signed a 24-month exclusive contract for two of Nabors Drilling USA LP's land rigs and crews for development drilling in East Texas starting in mid-June, officials said Wednesday.
  • 06/06/2001 -- California gas producers call for regulatory reform
    A combination of regulatory relief and financial incentives could substantially increase deliverability of natural gas from California producers to intrastate markets, said the head of the California Independent Petroleum Association.
  • 06/07/2001 -- MMS sets guidelines to qualify royalty in-kind bidders
    The US Minerals Management Service has developed guidelines for mandatory prequalification of bidders for upcoming royalty in-kind crude oil sales. Three federal RIK sales are scheduled for this summer, two in the Gulf of Mexico and one in Wyoming. One of the Gulf of Mexico sales will be only for eligible small refiners.
  • 06/08/2001 -- Azerbaijan must not squander oil wealth, says fund director
    The director of the Azerbaijani oil fund said the nation should get more than $52 billion between 2008-15 from production of giant Caspian Sea fields, and needs to invest it carefully to avoid pitfalls some other oil-producing nations have experienced.
  • 06/08/2001 -- Well nearly doubles reserves in Alba field off Equatorial Guinea
    CMS Oil & Gas Ltd., a subsidiary of CMS Energy Corp., has drilled a well in Alba field off Equatorial Guinea that has helped to nearly double the field's proven and probable reserves, said field partner Noble Affiliates Inc., Ardmore, Okla. Alba No. 9 and Alba No. 8 well have established the field's estimated proven and probable reserves at more than 300 million bbl of liquid hydrocarbons associated with 4.6 tcf of gas, said Noble Affiliates.
  • 06/08/2001 -- US drilling dips, but Gulf of Mexico rig utilization unchanged
    Total US drilling activity declined this week, but the number of mobile offshore rigs under contract in the Gulf of Mexico remained unchanged, industry officials reported Friday.
  • 06/11/2001 -- Gulf of Mexico well may enhance Gunnison subbasin
    Kerr-McGee Corp., Oklahoma City, said a well on Durango prospect on Garden Banks Block 667 in the Gulf of Mexico may enhance the Gunnison subbasin. Kerr-McGee said the find could increase estimated reserves for the subbasin by 120 bcf of gas equivalent.
  • 06/11/2001 -- Vaalco Energy plans quick development for field off Gabon
    Vaalco Energy Inc. Monday reported delineation well Etame 4V confirmed a large commercial discovery on the Etame Marin concession off Gabon, adding the company will develop the field on a fast-track basis. The well was drilled 1.5 miles from the discovery well to a depth of 2,222 m.
  • 06/13/2001 -- Condensate storage tanker planned for Bongkot field off Thailand
    The European-Thai consortium developing Bongkot gas field off Thailand has decided to acquire a tanker to store produced condensate. A tanker previously used for the purpose developed leaks and had to be replaced.
  • 06/13/2001 -- Westlinks buying Bre Alta Energy heavy oil assets in Saskatchewan
    Westlinks Resources Ltd. is buying all of Bre Alta Energy's assets in the Superb area of Saskatchewan for $2.8 million (Can.), consisting of $1.3 million of common shares and $1.5 million cash. Closing of the acquisition, subject to regulatory approval, is expected on or before June 29.
  • 06/13/2001 -- Drilling/Production news briefs, June 13
    Nabors Drilling International ... Santa Fe International ... Mike Mullen Energy Equipment Resource ... Corridor Resources ... Promax Energy
  • 06/14/2001 -- California to consider exempting refineries from rolling blackouts
    The California Public Utilities Commission Wednesday issued a draft decision that would exempt the state's refineries from rotating electrical outages this summer. Several of California's 12 refineries had asked for waivers after the PUC failed to give them automatic exemptions from blackouts.
  • 06/14/2001 -- JP Kenny wins Dolphin Deep work off Trinidad
    Trinidad East Coast Marine Area partners BG Trinidad & Tobago Ltd. and Texaco Trinidad Inc. Thursday awarded Wood Group company JP Kenny Inc. the contract to carry out front end engineering design for the development of Dolphin Deep field using subsea completion technology and upgrades to the existing Dolphin platform.

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