Drilling Production 2001 P

11/14/2001 -- Saudi Aramco awards Halliburton $140 million in work at Qatif field
Saudi Arabian Oil Co. has awarded Halliburton Co.'s Energy Services Group a contract for $140 million of development work at Qatif field in eastern Saudi Arabia.
11/14/2001 -- OPEC will reduce production only if non-OPEC producers also cut
Ministers of the Organization of Petroleum Exporting Countries agreed Wednesday to cut their oil production quotas by 1.5 million b/d by Jan. 1, but only if non-OPEC producers also reduce their combined output by 500,000 b/d so as not to steal OPEC's market shares.
11/14/2001 -- Suncor plots 10-year program for Alberta oil sands development
Suncor Energy Inc. has disclosed plans that could increase capacity of its northeastern Alberta oil sands production facility to 550,000 b/d by 2010-12.
11/13/2001 -- Enterprise JV to transport, process BP's Green Canyon gas
An Enterprise Products Partners LP joint venture said Tuesday it will provide transportation, processing, and exchange services to BP PLC for its southern Green Canyon gas production in the central Gulf of Mexico.
11/13/2001 -- Shell uses technology to cut offshore drilling costs
Shell Exploration & Production Co. is developing new technologies, systems, and products that can be used in various combinations to reduce drilling costs, company officials said Tuesday at a press briefing in Houston.
11/12/2001 -- Fluor-AMEC venture gets contract for record FPSO for Angolan field
Hyundai Heavy Industries Ltd. has named an alliance of Fluor Corp. and AMEC PLC the subcontractor for the world's largest deepwater FPSO, to be used off Angola.
11/12/2001 -- Kerr-McGee begins production from Leadon field in the UK North Sea
Kerr-McGee North Sea (UK) Ltd. has brought its $650 million Leadon field development project in the North Sea on stream, less than 2 years after discovery and less than 1 year after the government granted development approval.
11/12/2001 -- OSHA proposes to fine Grey Wolf Drilling $71,000 for violations related to fatal accident
The US Occupational Safety and Health Administration has proposed citations with penalties totaling $71,000 against Grey Wolf Drilling Co. for alleged violations in connection with a fatal accident at a George West, Tex., drilling site.
11/12/2001 -- Producing nations' support of OPEC quota cut may surprise markets
OPEC members seem determined to reduce production quotas by 1.5 million b/d at their Wednesday meeting, with the support of Russia and Mexico. That could trigger volatile price swings in world markets that may have underestimated world demand for oil and overestimated the willingness and ability of non-OPEC countries to increase production.
11/09/2001 -- US drilling activity continues to erode
US drilling activity continued to decline this week, with the utilization rate at a 9-year low among rigs in the Gulf of Mexico, industry participants said Friday.
11/09/2001 -- License delay for two platforms reduces Petrobras's 2001 oil production target
A government agency's delay in granting environmental licenses for two major platforms will keep Petroleo Brasileiro SA from meeting its 2001 oil production target, said company Pres. Henri Phillippe Reichstul.
11/09/2001 -- Adopt 'security impact review,' law firm tells energy industry
Given the concern about security of the US energy infrastructure, companies should consider adopting security impact reviews that would be similar to environmental impact statements, a Houston law firm said. The recommendation and others were part of a new report by Bracewell & Patterson on possible threats to the industry.
11/08/2001 -- BG Group to extend life of Armada field complex in North Sea
The UK Department of Energy has given approval for BG Group PLC to start a second drilling program on its Armada gas complex in the North Sea. The $100 million program is designed to maximize production between 2002 and 2010.
11/08/2001 -- Market watch: Prices rebound on 'consistent' OPEC signals of larger cut
International energy futures prices rebounded Wednesday, outstripping much of the previous day's losses, as traders focused on "consistent" signals that the Organization of Petroleum Exporting Countries might cut its oil production quotas by 1.5 million b/d at the Nov. 14 meeting.
11/07/2001 -- Drilling/Production news briefs, Nov. 7
Statoil ... ABB Offshore Systems ... Petroleos de Venezuela ... Elf Petroleum Nigeria ... Global Marine ... Prosafe ASA ... Vaalco Energy
11/06/2001 -- PanCanadian, MGV expand CBM project outside Palliser Block
PanCanadian Energy Corp. and MGV Energy Inc. have agreed to expand their coalbed methane joint venture to explore outside the Palliser Block in southern Alberta.
11/06/2001 -- BP attributes lower E&P results to low oil, gas prices
BP PLC said its third quarter exploration and production results were down 26% from the same quarter a year ago because of lower prices.
11/06/2001 -- Shell begins production at Oregano oil field in Gulf of Mexico
Shell Exploration & Production Co. brought its Oregano oil field in the Gulf of Mexico on stream Oct. 17, a month ahead of schedule and $10 million under budget.
11/05/2001 -- US Congress restores oil and gas research, continues drilling bans
Nearing the end of the annual budget making cycle, the US Congress restored oil and gas research funding to historical levels. Spending measures also include legislative riders that bar drilling from some public lands, although those laws are more symbolic than substantive. The White House is expected to approve the measures.
11/05/2001 -- BP's Crazy Horse to get world's largest semi production-drilling unit
BP PLC said Monday it has signed a letter of intent with Daewoo Shipbuilding & Marine Engineering Co. Ltd. for design, fabrication, and transport of a semisubmersible unit for the Crazy Horse project in the Gulf of Mexico. Delivery of the unit is due early in 2004.

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Drilling Production 2001 P