Drilling Production 2001 P

06/26/2001 -- Drilling/Production news briefs, June 26
Enterprise Oil do Brasil ... Cal Dive International ... Amfels Shipyard ... Norsk Hydro ... Procon Drilling Services
06/26/2001 -- Harken Energy prepares to increase Colombian field's production
Harken Energy Corp., Houston, bought a 45-km pipeline and negotiated a new transportation agreement to move 2,000 b/d of increased oil production from Palo Blanco field in Colombia.
06/25/2001 -- TrueNorth applies to build Fort Hills oil sands project
TrueNorth Energy Corp., Calgary, has filed with the Alberta Energy and Utilities Board for approval of its Fort Hills Oil Sands project 90 km north of Fort McMurray, Alta.
06/25/2001 -- Anadarko offers $137 million for Gulfstream Resources
Anadarko Petroleum Corp., Houston, has agreed to acquire Gulfstream Resources Canada Ltd., Calgary, for $137 million (US). Anadarko is offering $2.65/share (Can.) in cash. Gulfstream has been fighting off an offer by Roc Oil Co. Ltd., Sydney, of $1.10/share (Can.) in cash.
06/22/2001 -- US land rotary count up; offshore rigs fall slightly
US drilling again increased slightly this week, though North America's count overall fell, said industry officials Friday. There were 1,277 rotary rigs drilling in the US and its waters, a net gain of 11 rigs over the previous week; in Canada, the rig count fell 15 to 305, said Baker Hughes.
06/22/2001 -- California peaking project withdrawn from consideration
In a blow to California Gov. Gray Davis's plan to boost summer peaking power, the developer of the proposed 53 Mw Baldwin energy facility said the project is dead. The Baldwin project was one of those being considered under a fast-track siting approval process the governor set in motion in January to get more power in place in time for the summer peak.
06/22/2001 -- Damaged Moomba gas plant in Australia back at 85% of capacity
The South Australian Cooper Basin Producers joint venture said Friday that the Moomba gas-processing complex is back at 85% of production. An explosion and fire damaged the liquids pumping station at the Moomba complex June 16, killing one person.
06/22/2001 -- PanCanadian to ship Christina Lake crude by Enbridge line
PanCanadian Petroleum Ltd. plans to move crude from its Christina Lake oil sands operation in northern Alberta through the Enbridge Ltd. pipeline system. Beginning in late 2002, PanCanadian will ship up to 10,000 b/d of blended bitumen to Enbridge's Kirby Lake pipeline terminal.
06/22/2001 -- Australian wildcat opens offshore gas field in Otway basin
Origin Energy Resources Ltd., Sydney, has an offshore Otway basin discovery at its Geographe 1 wildcat that it described as a significant. Geographe is 55 km off the Victorian coast in 85 m of water and 15 km north of the Thylacine discovery on adjacent permit T/30P.
06/22/2001 -- House votes to postpone eastern Gulf of Mexico Lease Sale 181
The US House of Representatives voted 247-164 Thursday to postpone by 4 months a contested eastern Gulf of Mexico lease sale planned for December. It also blocked drilling in national monuments and restricted the conditions under which the Minerals Management Service could take oil or gas royalties in-kind.
06/22/2001 -- Trials at Troll C
Fortune has not been entirely kind to ABB Offshore AS out at Troll C platform. The contractor's potentially revolutionary subsea separation and injection system, Subsis, undergoing a pilot test phase at the Norsk Hydro AS-operated Troll field in the Norwegian North Sea, was to have been brought on line last summer. But it after 2 "successful" hr due to a malfunction caused by water seeping into one of the unit's high-voltage connectors.
06/21/2001 -- Penn Virginia buying Synergy Oil & Gas for $112 million
Penn Virginia Corp. Radnor, Pa., said Thursday it would buy Synergy Oil & Gas Inc., Houston, for $112 million in cash. By July 1, Synergy will have reserves of 59.2 billion bcf equivalent, about 55% of which is gas and 45% is oil. Production is 12 MMcfd and 1,200 b/d, or 19.2 MMcfd equivalent, primarily in West Texas and the Texas onshore Gulf Coast.
06/20/2001 -- Drilling/Production news briefs, June 20
Esso Production Malaysia ... Smedvig ... Berry Petroleum ... CNOOC ... Woodside Energy ... Shell International Eastern Trading ... Syncrude Canada ... Marsulex ... Empire Petroleum ... Command Drilling ... Angola Drilling Co. Ltd. ... Oceaneering International Services
06/20/2001 -- Congressional report: New technology key to ANWR drilling debate
A nonpartisan report prepared for the US Congress says new oil drilling technology may be an important factor in addressing the debate over exploration of the Arctic National Wildlife Refuge's coastal plain region. The Congressional Research Service report took no sides on the ANWR issue.
06/20/2001 -- BP, Texaco find oil at deepwater Blind Faith prospect
BP PLC and Texaco Inc. have an oil discovery on the Blind Faith prospect on Mississippi Canyon Block 696 in the Gulf of Mexico. No details about the well or the discovery were given, and BP did not say whether the field was commercial.
06/20/2001 -- Dominion to develop Devils Tower field in Gulf of Mexico
Pioneer Natural Resources Co., Dallas, and partner, Dominion Exploration & Production Inc. have approved development of the Devils Tower field in the deepwater Gulf of Mexico. Oil production is due to begin in 2003 and increase to 8,000 to 10,000 b/d net to Pioneer. Reserves are 50 to 75 million boe.
06/20/2001 -- Market watch: Energy futures prices mixed
Energy futures prices were mixed Tuesday as international markets awaited confirmation of an expected increase in US oil and gasoline inventories. The July contract for benchmark US light, sweet crudes dipped 7¢ to $27.48/bbl on the NYMEX.
06/20/2001 -- Belfast shipyard to be paid in full for Glomar drillship
The legal battle between shipyard Harland & Wolff PLC and Global Marine Inc. over delivery price for the deepwater drillship Glomar Jack Ryan was resolved Wednesday with confirmation that the US drilling company would pay the Belfast shipyard the final multimillion-dollar installment for the vessel.
06/19/2001 -- ITC to extend antidumping measures on tubular goods
The US International Trade Commission has agreed to extend antidumping duties due or countervailing duty orders on oil country tubular goods (OCTG), other than drill pipe, from Argentina, Italy, Japan, South Korea, and Mexico.
06/19/2001 -- Shell to tie back Einset development to Gulf of Mexico platform
Shell Exploration & Production Co., New Orleans, said Tuesday a subsea production system called Einset is being developed in the Gulf of Mexico in 3,500 ft of water. Einset will tie back to Shell's SE Tahoe subsea manifold in Viosca Knoll 784, which carries production 12 miles to Shell's Bud Lite platform.

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Drilling Production 2001 P