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Drilling Production 2001 P

  • 11/05/2001 -- US natural gas production down, responding to lower prices
    US natural gas production is starting to slip in response to lower natural gas prices, analysts said. Actual natural gas production for integrated producers fell to 11.49 bcf in the third quarter from previous estimates of 11.75 bcf, according to Raymond James & Associates.
  • 11/05/2001 -- Oilinvest, SOCO establish joint venture to explore in Africa
    Oilinvest (Netherlands) BV and SOCO International PLC have formed a joint venture to explore in Africa. The new firm, ODEX Exploration Ltd., will focus on Libya and adjacent nations in northern, central, and western Africa.
  • 11/05/2001 -- Oil's impact on Scotland -- one man's view
    Scott Urban, BP PLC group vice-president, says offshore oil developments impose demands on Scotland but add to its economy.
  • 11/02/2001 -- US gas reserve increase in 2000 may be anomaly in future: EIA
    US crude oil, natural gas, and natural gas liquids proved reserves all increased in 2000, with natural gas increasing a record 6%, the US Energy Information Administration said Friday. Total dry natural gas reserves in 2000 were 177,427 bcf. The dry gas reserve additions were the largest since EIA began the report in 1977.
  • 11/02/2001 -- Rig utilization hits 9-year low in Gulf of Mexico
    The utilization rate among mobile offshore rigs in the Gulf of Mexico tumbled to a 9-year low as six more units came off contracts this week with no new jobs, said ODS-Petrodata Group officials Friday in Houston.
  • 11/02/2001 -- Duke nuclear power plants under heavy guard
    In a show of force, more than 700 guards armed with automatic weapons are patrolling Duke Energy Corp.'s seven US nuclear electric generation facilities, Harvey Padewar, president of Duke Energy Services, said Friday. He called on the US government to move quickly to establish a nuclear waste depository.
  • 11/02/2001 -- TLP shopping
    At this time of the year in much of the world, thoughts turn to holiday gift-giving. But what to give the oilman (or oilwoman) who has everything?
  • 11/01/2001 -- Deepstar awards engineering study to Halliburton division
    Industry organization DeepStar awarded to a Halliburton Co. division the contract for a conceptual engineering study of a spar-deep draft caisson vessel in 10,000 ft water depth in the Gulf of Mexico.
  • 11/01/2001 -- Drilling/Production news briefs, Nov. 1
    CNOOC ... Oceaneering International ... Angola Drilling ... First Echelon Ventures ... Transocean Sedco Forex ... Unocal
  • 11/01/2001 -- OPEC official hints at 1 million b/d reduction in production quotas
    Alí Rodríguez Araque, secretary general of the Organization of Petroleum Exporting Countries, said Thursday that a cut in the organization's production quota of up to 1 million b/d could be on the agenda at the group's forthcoming ministerial meeting in Vienna on Nov. 14.
  • 11/01/2001 -- Petrobras refutes engineering council claims about P-36 accident
    Brazil's Petrobras rebutted allegations by the Rio de Janeiro Chapter of the Regional Council of Engineering and Architecture about the loss of the P-36 platform last March. It said the council's claims are at odds with other reports regarding the accident.
  • 11/01/2001 -- ChevronTexaco adds more production from Kuito field off Angola
    ChevronTexaco Corp. said Thursday it has begun oil production from the deepwater Kuito field Phase 1C development off Angola on Block 14.
  • 11/01/2001 -- Statoil awards contract for Sleipner modifications in North Sea
    Norway's Statoil awarded ABB Group of Zurich a $23 million contract to modify the Sleipner A platform in the North Sea.
  • 11/01/2001 -- Alberta Energy to sell 13.75% share in oil sands pipeline
    Alberta Energy Co. Ltd., Calgary, said Thursday it will sell its 13.75% interest in Alberta Oil Sands Pipeline Ltd. to Pembina Pipeline Corp. for $225 million (Can.).
  • 10/30/2001 -- Drilling/Production news briefs, Oct. 30
    Pluspetrol ... Parker Drilling ... Rolls-Royce ... Ocean Rig ... Conoco (UK) ... Kellogg Brown & Root
  • 10/30/2001 -- Cooper Cameron increases revenue, earnings, backlog
    Cooper Cameron Corp., Houston, increased both revenue and earnings during the third quarter, but a reduced US rig count and lower spending by customers will dampen the company's business "for at least the next several quarters," said Sheldon R. Erikson, chairman, president, and CEO.
  • 10/30/2001 -- Engineering council blames Petrobras for loss of P-36 platform
    Rio de Janeiro's engineering council charged that administrative errors by Petroleo Brasileiro SA (Petrobras) led to the explosions that sank the P-36, the world's largest platform, last March. The council Tuesday released a massive analysis of the causes of the accident.
  • 10/29/2001 -- OPEC faces market misperceptions about possible oil quota reductions
    The biggest problem the Organization of Petroleum Exporting Countries faces in its proposal to cut oil output quotas is to break the market's misperception that prices cannot recover, a London-based financial analyst said Monday.
  • 10/29/2001 -- Brazilian oil workers end 5-day strike that cost Petrobras $85 million
    A 5-day strike of Brazilian oil workers has ended after causing Petroleo Brasileiro SA (Petrobras) $85 million in losses and dropping national oil production 60%.
  • 10/29/2001 -- Kuwait cabinet clears way for AOC Neutral Zone negotiations
    Kuwait's cabinet has approved guidelines for negotiations to allow Japan's Arabian Oil Co. to continue operating an oil field in the Neutral Zone.
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