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Drilling Production 2001 P6

  • 02/23/2001 -- Baker Hughes reports US rotary rig count drops slightly
    A total of 1,121 rotary rigs were working in the US and its waters this week, Baker Hughes Inc. said Friday. That was down 26 rigs from last week, but up 361 from a year ago. Slipping onshore activity accounted for most of the decline.
  • 02/23/2001 -- MMS sets terms for Mar. 28 Central Gulf of Mexico lease sale
    The US Minerals Management Service Friday announced terms and conditions for the Mar. 28 Central Gulf of Mexico lease sale to be held in New Orleans. The sale, No. 178, will offer 4,391 blocks covering 23 million acres off Louisiana, Mississippi, and Alabama. MMS also set deep water royalty incentives for the sale.
  • 02/26/2001 -- DOE, GTI study to examine use of lasers for drilling
    The US Department of Energy said Monday it has launched a research effort to see if high-powered lasers can be adapted for oil and gas drilling. The 3-year study will be conducted by the Gas Technology Institute (GTI), DOE's National Energy Technology Laboratory, and several other project partners.
  • 02/26/2001 -- Premier firms up Pangkah reserves in Indonesia
    Premier Oil Natuna Sea Ltd. said Monday it had successfully completed appraisal drilling on its Ujung Pangkah field in East Java, Indonesia, confirming reserves on the Pangkah Block structure in excess of 450 bcf of rich gas�equivalent to 90 million bbl of oil. The UK independent added that there was the "possibility of developing additional oil from the structure."
  • 02/26/2001 -- Industry groups applaud opening of energy policy debate
    Oil industry groups Monday praised Sens. Frank Murkowski (R-Alas.) and John Breaux (D-La.) for opening debate on a comprehensive national energy strategy. The senators filed an omnibus bill designed to lower US dependence on imported oil. Murkowski is the Energy and Natural Resources Committee chairman. Breaux is the ranking Democrat on the panel.
  • 02/27/2001 -- Shell begins redevelopment of two fields off Iran's Kharg Island
    The Royal/Dutch Shell Group subsidiary Shell Iran said Tuesday it had begun a 12-well drilling program to redevelop Soroosh and Nowrooz fields off Kharg Island in the Northern Persian Gulf. Shell said it spudded the first of 10 horizontal production and 2 water disposal wells on Feb. 15 with the rig Maersk Viking.
  • 02/27/2001 -- Cal Dive, FMC to develop intervention riser system
    Cal Dive International Inc., Houston, and FMC Corp.'s energy systems business agreed to develop and jointly fund an intervention riser system that can work in 10,000 ft of water and function in pressures to 15,000 psi.
  • 02/27/2001 -- Nova Scotia seeks larger share of offshore royalties
    The province of Nova Scotia on Canada�s East Coast intends to seek a bigger share of the federal government's royalties from oil and gas production off its coast. The province, the location of increasing offshore exploration and development, said it needs the funds to build infrastructure.
  • 03/01/2001 -- Promax Energy arranges sale-leaseback deal for processing equipment
    Promax Energy Inc., Calgary, announced an $8 million (Can.) sale and leaseback of a gas processing plant to Enstar Financial Corp., Calgary, in an arrangement geared to finance Promax�s gas drilling program in southeast Alberta.
  • 03/01/2001 -- Texas Railroad Commission urges severance tax relief for gas producers
    Severance tax incentives are among the short-term recommendations aimed at stabilizing natural gas prices that the Texas Railroad Commission approved unanimously Thursday and forwarded to the Texas legislature.
  • 03/02/2001 -- Many shades of green
    The warning shot fired by the Norwegian Oil Industry Association (OLF) across the Ospar Convention's bow recently for the latter's desire to further tighten regulations governing discharges of oil-in-water might, at first glance, have seemed misguided in an increasingly environmentally aware industry.
  • 03/02/2001 -- BP picks CSO Aker Maritime for deepwater Gulf of Mexico work
    BP PLC and Coflexip Stena Offshore Group's Houston-based subsidiary CSO Aker Maritime Inc. have signed a deal under which the deepwater contractor will handle subsea systems integration and design engineering for BP's Gulf of Mexico deepwater development program over the next 5 years.
  • 03/02/2001 -- Evergreen acquires Northern Ireland properties
    Evergreen Resources Inc., Denver, Colo., has acquired a 100% interest in 605,000 acres of prospective tight gas sand properties in the Northwest Carboniferous basin of Northern Ireland. It gave Priority Oil & Gas LLC and S. Morrice & Associates Ltd., both also of Denver, less than 25,000 shares of Evergreen restricted stock in exchange.
  • 03/02/2001 -- Ocean Rig initiates arbitration against Friede Goldman
    Ocean Rig ASA, Oslo, Friday said it began arbitration proceedings in London against Friede Goldman Halter Inc. regarding the halted construction of Ocean Rig�s semisubmersible drilling rigs.
  • 03/02/2001 -- PetroVietnam awards processing platform contract
    Petrovietnam Trading Co. has awarded a $46 million contract to Keppel Fels Ltd. and Technics Offshore Engineering Pte. Ltd., both of Singapore, for a central processing platform for use on the Bach Ho field off Viet Nam.
  • 03/02/2001 -- US drilling activity rebounds with 1,151 rotary rigs working
    US drilling activity rebounded with 1,151 rotary rigs working this week, officials at Baker Hughes Inc. reported Friday. That�s 30 more than last week when the US rig count declined by 25, and up strongly from 790 a year ago.
  • 03/05/2001 -- Market watch: Energy prices rise on international markets
    Energy futures prices rose on international markets in a new wave of optimism Friday, spurred in part by colder weather in the Northeastern US and renewed speculation about a possible reduction of oil production by the Organization of Petroleum Exporting Countries after its Mar. 16 meeting.
  • 03/05/2001 -- Unocal Thailand to limit capex
    Unocal Thailand Ltd. will reduce annual capital spending on its extensive gas development off Thailand in line with the country's stagnant demand for its gas. The Unocal Corp. subsidiary's 5-year plan indicates annual capital investment leveling off from a peak of $380 million this year to $250 million in 2005.
  • 03/05/2001 -- Unocal announces deepwater GOM exploration deal with Ocean Energy
    Unocal Corp. said Monday it has an exploration agreement for multiple deepwater Gulf of Mexico prospects with Ocean Energy Inc. in which Unocal will hold 50% working interest.
  • 03/05/2001 -- Standoff in the Norwegian contracting sector
    OGJ Online's UK News Editor Darius Snieckus reports on the latest round in the seesaw battle between rival offshore contractors Aker Maritime AS and Kværner AS as the Norwegian service sector edges toward further consolidation.
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