1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014

Drilling Production 2001 P

  • 05/11/2001 -- IEA cuts world oil demand forecasts for sixth month in a row
    The International Energy Agency Friday downgraded its forecasts for global oil demand for the sixth straight month, stressing that higher oil prices and the slowdown in Western economies would cap demand growth this year at just over 1 million b/d. Demand is expected be more than 76.5 million b/d this year, 160,000 bbl under last month's prediction.
  • 05/10/2001 -- Conoco alliance plans shuttle tankers for FPSO operations in Gulf of Mexico
    Conoco Inc., Houston, formed an alliance with two shipbuilding firms in Alabama and Korea to plan the design and construction of the first shuttle tankers that would qualify to transport oil from a future floating production, storage, and offloading system (FPSO) in the deepest waters of the Gulf of Mexico, officials said Thursday.
  • 05/10/2001 -- Australian oil shale firms make first shipment from Stuart Project
    Southern Pacific Petroleum NL and Central Pacific Minerals NL said they have made their first shipment of shale oil products from the Stuart Project near Gladstone in Queensland. On Wednesday, more than 40,000 bbl of medium shale oil was exported from Australia bound for the Southeast Asia fuel oil market.
  • 05/09/2001 -- Transocean Sedco Forex drillship sets ultradeepwater record
    Transocean Sedco Forex Inc. said Wednesday its Discoverer Spirit drillship set a world record by spudding an exploration well in 9,687 ft of water in the Gulf of Mexico for Unocal Corp. The exploration well, on Unocal's Trident prospect in Alaminos Canyon Block 903, beat a record of 9,157 ft of water off Gabon.
  • 05/08/2001 -- ONGC to invest 100 billion rupees in enhanced recovery
    India's Oil and Natural Gas Corp. will invest more than 100 billion rupees ($2.1 billion) in an enhanced oil recovery program during the current fiscal year, said ONGC Chairman and Managing Director B.C. Bora.
  • 05/08/2001 -- Market watch: Futures prices retreat with expected inventory increase
    Energy futures prices retreated Monday on the New York Mercantile Exchange, with expectations among traders that the American Petroleum Institute will report a continued buildup of US oil and petroleum products inventories.
  • 05/07/2001 -- McDermott wins Qatar contract for offshore platform
    Qatar awarded J. Ray McDermott Middle East an engineering, procurement, construction, and installation contract for an offshore platform and pipelines for Maydan Mahzam fields, OPEC's news agency reported Monday. J. Ray McDermott is a subsidiary of McDermott International Inc., New Orleans.
  • 05/07/2001 -- Stewart & Stevenson develops riser for deepwater dual gradient drilling
    Stewart & Stevenson Service Inc, Houston, has introduced the first riser system, shown above, designed for deepwater dual gradient drilling.
  • 05/04/2001 -- US drilling, world offshore rig utilization continue to rise
    US drilling activity increased with 1,217 rotary rigs working this week, 5 more than the previous week and up from 833 during the same period last year, officials at Baker Hughes Inc. reported Friday. Worldwide utilization of mobile offshore rigs improved for the 11th consecutive week, said officials at the ODS-Petrodata Group.
  • 05/04/2001 -- Bush to let states amend road building ban in forests
    The Bush administration Friday announced states will be allowed to modify Clinton administration rules that prevent oil drilling by restricting logging and road building in about one-third of the national forests. Yet the exact manner in which states will be allowed to exercise their authority is still an open-ended question, industry and government officials concede.
  • 05/03/2001 -- Kazakhstan seeks more than $140 billion from foreign investors
    The Republic of Kazakhstan will need some $140 billion investment in exploration, appraisal, and development over the next 40 years, not even counting construction of a transportation infrastructure of pipelines, barges, and railroads, officials said Thursday at the Offshore Technology Conference in Houston.
  • 05/03/2001 -- Independents ask US Congress to keep marginal tax break
    Independent oil producers want the US Congress to continue a marginal tax credit that is due to expire this year, industry told a House Subcommittee on Select Revenue Measures Thursday. The Bush administration's 2002 budget plan, now before Congress, proposes a 1-year extension of the credit, and there is also support on Capitol Hill to preserve the measure.
  • 05/03/2001 -- Friede Goldman Halter hires restructuring advisors
    Offshore equipment manufacturer Friede Goldman Halter Inc., Gulfport, Miss., said Thursday it has hired E&Y Capital Advisors LLC to help assist management in the company's reorganization process. The company has filed for Chapter 11 bankruptcy protection.
  • 05/02/2001 -- MMS official predicts surge in Gulf of Mexico oil production
    The Gulf of Mexico is booming with activity, Minerals Management Service gulf OCS regional director Chris Oynes told the Offshore Technology Conference Wednesday. Deepwater oil production is surging, and government officials are trying to find incentives to boost flagging gas production in shallow water, Oynes said.
  • 05/02/2001 -- OTC told MMS is likely to approve FPSOs for Gulf of Mexico
    While the US Minerals Management Service still has not authorized the use of floating production, storage, and offloading systems in developing deepwater oil reserves in the Gulf of Mexico, industry and government officials at the Offshore Technology Conference seem to assume it's just a matter of time.
  • 05/02/2001 -- Petrobras plans to restart production from Roncador in 2002
    Petroleos Brasileiro SA plans to restart oil production from Roncador field, site of the worst offshore oil industry accident in recent years, in second half 2002. Petrobras Pres. and CEO Henri Philippe Reichstul made the announcement at the Offshore Technology Conference while accepting the OTC Distinguished Achievement Award.
  • 05/02/2001 -- DOE to fund six projects showcasing production practices
    The US Department of Energy's National Petroleum Technology Office, Tulsa, has selected six projects to demonstrate "best practices" for oil producers. The projects to be funded are the first under the PUMP (Preferred Upstream Management Practices) technology transfer program.
  • 05/02/2001 -- UK oil and gas demand exceeds production in first quarter
    Harsh weather and the general decline in output from older UK North Sea fields coupled to reduce the country's oil and gas production in the first quarter, the Department of Trade & Industry reported Tuesday. Production of oil and gas fell by 13.9% and 3.8%, respectively, while consumption rose by 2.1% and 3.6%.
  • 05/01/2001 -- Syncrude sets record outlay of $900 million (Can.) this year
    Syncrude Canada Ltd., a 10-member joint venture, is budgeting a record $900 million (Can.) for capital investment in 2001. Most of this will be dedicated to engineering design work and procurement-fabrication work for Stage 3 of the Syncrude 21 expansion program.
  • 05/01/2001 -- Husky reports sixfold increase in quarterly earnings
    Husky Energy Inc. reports a sixfold increase in first quarter 2001 earnings to $242 million (Can.) compared with $39 million in first quarter 2000. The company said first-quarter cash flow increased to $620 million from $191 million in first quarter 2000.

Related Articles

Turkey, Gazprom mull Blue Stream capacity increase

04/22/2014 Turkey and OAO Gazprom have discussed a possible increase in natural gas capacity of the Blue Stream gas pipeline to 19 billion cu m/year from 16 b...

EPP to build Gulf Coast ethane export plant

04/22/2014 Enterprise Products Partners LP (EPP) plans to build a fully refrigerated ethane export plant on the Texas Gulf Coast. EPP has executed long-term c...

BP to sell to Hilcorp certain interests in four ANS assets

04/22/2014

BP PLC reported that it will sell interests in four BP-operated oil fields on the Alaska North Slope to Houston independent Hilcorp.

E&Y: North American oil, gas industry staves off geopolitical strife in 1Q

04/22/2014 The North American oil and gas market started the year on a good note during the first quarter as a cold winter brought relief to producers and ref...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected