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Drilling Production 2001 P17

  • 06/26/2001 -- Drilling/Production news briefs, June 26
    Enterprise Oil do Brasil ... Cal Dive International ... Amfels Shipyard ... Norsk Hydro ... Procon Drilling Services
  • 06/27/2001 -- DOE seeks projects to identify best oil field operating practices
    The US Department of Energy is seeking more projects in its program to identify best operating practices for US oil producers. PUMP II (Preferred Upstream Management Practices) seeks engineering and geologic practices that can be developed and deployed rapidly to oil companies, especially small ones.
  • 06/27/2001 -- Pride Carlos Walter begins Petrobras contract
    Pride International Inc.'s newly built semisubmersible rig, the Pride Carlos Walter, began working off Brazil under a 5-year contract for Petroleo Brasileiro SA (Petrobras). Its sister unit, the Pride Brazil, is completing acceptance testing in Brazil and is expected within a few weeks to begin working for Petrobras under a similar 5-year contract.
  • 06/27/2001 -- Edison, Texaco team up on California power plant
    California's first new large power plant in 13 years ramped up Wednesday, 1 month ahead of schedule and in time to help stave off this summer's anticipated rotating blackouts. The 320 Mw gas-fired Sunrise power plant near Bakersfield is 50% owned and will be operated by Edison Mission Energy. Texaco Power & Gasification, a unit of Texaco Inc., owns the remaining 50%.
  • 06/28/2001 -- Phillips removes largest nonconcrete platform in North Sea from Maureen
    The 110,000-tonne steel gravity-based Maureen Alpha platform will arrive by tow Friday in Norway after it was refloated in the first step of Phillips Petroleum Co. UK Ltd.'s plans to decommission the 20-year old North Sea development. Refloating the largest and heaviest non-concrete structure in the North Sea took 60 hr.
  • 06/28/2001 -- Blake brought onstream as Ross resumes production
    The BG International PLC-operated Blake field in the UK North Sea has been brought to first oil and production resumed from the neighboring Ross development a month ahead of schedule, field partner Talisman Energy UK Ltd. reported Thursday. The initial combined flowrate from the two fields, located on Block 13/24 in the Outer Moray Firth, will be 65,000 b/d, ramping up to peak at around 85,000 b/d.
  • 06/28/2001 -- Republicans seek to turn up political heat over energy policy
    Energy policy dominated the agenda Thursday at the White House and on Capitol Hill on the eve of a 1-week congressional recess. GOP lawmakers maintained that Democrats have largely ignored legislative initiatives outlined in the White House's energy blueprint. Democrats charge that Republicans are only interested in an industry agenda.
  • 06/29/2001 -- NGL business improving slightly after being hammered by high gas prices
    The US NGL business is improving after getting hammered by high natural gas prices; however, a rebound in natural gas prices in the second half could change all that.
  • 06/29/2001 -- Alberta projects 2,700 successful oil wells during 2001
    The Alberta Energy and Utilities Board has reported that increased drilling activity helped slow the province's production decline from 11% in 1999 to 2% in 2000. It predicted operators would drill 2,700 successful oil wells this year and next, leveling to about 2,500/year until 2010.
  • 06/29/2001 -- US drilling activity dips slightly on and off shore
    US drilling activity slipped slightly this week, and utilization of mobile offshore rigs in the Gulf of Mexico sagged as two more of those units came off contracts, industry officials reported Friday.
  • 06/29/2001 -- Enbridge, Lakehead to proceed with Terrace pipeline expansion
    Enbridge Inc., Calgary, and Lakehead Pipe Line Partners LP, Duluth, Minn., will proceed with the proposed $450 million (Can.) third phase of the Terrace oil pipeline expansion project.
  • 07/02/2001 -- ENI, Naftiran to develop Iran field in defiance of US sanctions
    ENI SPA and Naftiran Intertrade Co. signed a $1 billion buyback contract with National Iranian Oil Co. to develop onshore field Darquain in the Iranian province of Kuzestan. This is the first test of US President George W. Bush's resolve to apply the Iran-Libya Sanctions Act.
  • 07/02/2001 -- Market watch: Iraq's inaction raises prices
    Futures prices for oil and refined products improved Friday as international traders worried about Iraq's refusal to resume its oil exports. The August contract for benchmark US light, sweet crudes gained 69¢ to $26.25/bbl on the New York Mercantile Exchange.
  • 07/03/2001 -- OPEC to hold oil production steady, pending resumed Iraqi exports
    As expected, the Organization of Petroleum Exporting Countries decided Tuesday to keep oil production at the current level of 24.2 million b/d. Delegates of the 10 nations, plus Iraq, agreed to maintain production during an informal meeting in Vienna that preceded their formal meeting at OPEC headquarters.
  • 07/04/2001 -- Texaco completes North Buzachi appraisal drilling off Kazakhstan
    Operator Texaco Inc. has completed drilling as part of the second phase of its appraisal program on the North Buzachi onshore field in Kazakhstan's Mangistau province. The program at North Buzachi field involved both 2D and 3D seismic data acquisition and the drilling of 30 new wells on top of the four drilled under phase one appraisal.
  • 07/06/2001 -- Another analyst reduces natural gas price forecast
    With US supplies of natural gas increasing in the face of "lost demand," Salomon Smith Barney Inc. reduced its forecast of composite spot prices to $3.25/MMBtu through 2002 from a previous range of $3.75-$4.50/MMBtu.
  • 07/06/2001 -- US drilling activity remains steady, Canadian count falls
    The US rotary rig count this week remained the same as last week overall, but the Canadian count fell slightly, according to Baker Hughes Inc. There were 1,275 rigs working in the US and its waters, up 362 from a year ago, said Baker Hughes. In Canada, 304 rigs were working, down 18 from last week and down 13 from a year ago.
  • 07/06/2001 -- Drilling/Production news briefs, July 6
    Exmar Offshore ... IZAR Construcciones Navales ... Texaco North Sea UK ... Northern Offshore ... Kuwait Oil ... Snamprogetti
  • 07/09/2001 -- Phillips retrieves reusable Maureen Alpha platform but its fate is uncertain
    Phillips Petroleum Co. UK Ltd.'s refloating of its steel gravity-based Maureen Alpha platform has set precedents in decommissioning practices in the UK North Sea.
  • 07/09/2001 -- Amerada, Ranger to reevaluate 14-year-old Beechnut find in North Sea
    Amerada Hess Ltd. and Ranger Oil UK Ltd. have agreed to a £21 million joint drilling program to evaluate oil and gas discovered 14 years ago in the Beechnut area of the UK North Sea. Backed by personnel seconded from Ranger, Amerada will head a campaign on UK North Sea Blocks 29/9a south and 29/9b that will involve drilling an appraisal well of Beechnut North and exploration of Beechnut South.
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