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Drilling Production 2001 P18

  • 07/10/2001 -- TotalFinaElf awards Iranian drilling deal to KCA
    TotalFinaElf SA subsidiary Elf Petroleum Iran has awarded KCA Drilling Ltd. a development contract for Doroud field on Kharg Island in Iran. The $50 million deal, set to run for 3 years, will involve drilling and/or workover of 28 production related wells using two drilling units.
  • 07/10/2001 -- TBX Resources to spin off drilling company to stockholders
    TBX Resources Inc., Dallas, Tuesday said it would spin off to shareholders a drilling operation, Gulftex Drilling Inc. The spinoff will be through a stock dividend to TBX shareholders of record as of Aug.15, giving them 1 share of Gulftex common for each 5 shares of TBX owned.
  • 07/10/2001 -- Blue Dog congressmen in US House urge moderate energy plan
    The Blue Dog Coalition, 32 moderate-to-conservative House Democrats from mainly coastal and southern states, Tuesday proposed an energy policy plan it says will bridge the gap between ideological extremes. The plan proposes a series of tax incentives to increase fossil fuels production.
  • 07/11/2001 -- Calgary independents Petrobank, Ventus plan merger
    Petrobank Energy & Resources Ltd. and Ventus Energy Ltd., both of Calgary, plan to merge. A joint statement said the new company will focus its operations in Western Canada, Ecuador, and off Guinea-Bissau.
  • 07/11/2001 -- IPAA chairman predicts steady US natural gas prices for 2-5 years
    US natural gas prices likely will hold at near current levels for as long as 2-5 years rather than fall further, as many forecasters think, the chairman of the Independent Petroleum Association of America said Wednesday. Jerry Jordan spoke at the Independent Oil and Gas Association of New York's summer meeting.
  • 07/12/2001 -- US Senate blocks drilling in national monuments, considers Sale 181 ban
    Following the lead of the US House of Representatives late last month, the Senate by voice vote Wednesday agreed to block new energy leases in designated national monuments. The ban was in a funding bill for oil-related programs overseen by the Departments of Interior and Energy.
  • 07/12/2001 -- OMV to develop second phase of India's Sawan gas field
    OMV Pakistan Exploration GMBH will lead development of the second phase of Sawan gas field in Sindh under a deal signed Wednesday between Austrian parent company OMV AG, Sui Northern Gas Pipeline Ltd., and the government of Pakistan.
  • 07/12/2001 -- Drilling/Production news briefs, July 12
    Noble Affiliates ... Enterprise Oil ... Sibneft ... Deutag Land Drilling ... Shell Exploration & Production ... Helmerich & Payne ... BP ... Europa Oil & Gas ... Norsk Hydro ... Dolphin
  • 07/13/2001 -- Non-OPEC oil supply growth the new market wild card
    Non-OPEC supply growth may prove the next wild card in the Saudi-led OPEC bid to fine-tune oil markets.
  • 07/13/2001 -- PanCanadian gets rig to appraise large Buzzard discovery in UK North Sea
    PanCanadian Petroleum UK Ltd. Friday signed a letter of intent with Fred. Olsen Energy ASA for a rig to drill at least two wells to appraise the recent Buzzard discovery in the central UK North Sea. The £5 million deal with the Norwegian drilling contractor will use the Borgny Dolphin rig.
  • 07/13/2001 -- Worker missing after offshore blowout
    The search continues for one missing worker following a natural gas blowout aboard Marine Drilling Cos. Inc.'s Marine 4 jack up rig early Friday in the Gulf of Mexico about 26 miles south of Freeport, Tex.
  • 07/13/2001 -- North American drilling activity increases
    Total US drilling activity increased this week, but the number of rigs under contract in the Gulf of Mexico declined to the lowest level in 9 months, industry sources reported Friday.
  • 07/16/2001 -- Relief well planned to kill blowout in Gulf of Mexico
    Global Marine Inc., Houston, has moved in a second rig to drill a relief well and is in the process of obtaining a derrick barge to cap a natural gas blowout in the Gulf of Mexico about 26 miles south of Freeport, Tex.
  • 07/16/2001 -- Global Marine says economics for offshore rigs improved slightly in June
    Offshore drilling contractor Global Marine Inc., Houston, reports its worldwide Summary of Current Offshore Rig Economics for June increased by 0.6% over May, "in spite of a reduction in the Gulf of Mexico."
  • 07/17/2001 -- Water injection to continue at Heidrun field in Norwegian Sea
    Statoil said Tuesday that the Heidrun licensees will continue a project to extend water injection on the Statoil-operated Norwegian Sea field. It said increased water injection is needed to ensure efficient oil recovery from the Lower Tilje and Åre reservoirs.
  • 07/17/2001 -- Harken gets permits to hook up gas discovery in Louisiana
    Harken Energy Corp., Houston, received final regulatory permits and rights of way from Louisiana officials for installation of a natural gas production line from its Cenac No. 1 well, company officials said Tuesday.
  • 07/18/2001 -- Tyumen offers Yugraneft assurances to region, JV partner
    Tyumen Oil Co., Moscow, said it would retain the workforce, tax payments, and oil prices of Russian company Yugraneft, a joint venture whose ownership is in dispute with a group of Canadian investors. It gave the assurance to the governor of the Khanty-Mansiisk Autonomous region and representatives of NOREX Petroleum Ltd.
  • 07/19/2001 -- MMS awards study on how offshore development affects Louisiana ports
    The US Minerals Management Service has awarded the National Ports and Waterways Institute at the University of New Orleans a contract to study the effects of offshore activity on three Louisiana ports. The study will continue through Dec. 31, 2002.
  • 07/19/2001 -- Specialists prepare to cap gas blowout in Gulf of Mexico
    Specialists from Wild Well Control Inc., Spring, Tex., are scheduled Friday to begin efforts to cap a week-old natural gas blowout in the Gulf of Mexico about 26 miles south of Freeport, Tex.
  • 07/20/2001 -- Statoil has oil discovery near Kristin field in Norwegian Sea
    Statoil has an oil discovery on production license 134B about 10 km north of its Kristin field in the Norwegian Sea. Exploration well 6506/11-7 was drilled to 4,942 m below sea level in 356 m of water and encountered oil under high pressure in Jurassic sands. A production test recovered light oil from two reservoirs.

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