Drilling Production 2001 P

10/29/2001 -- Statoil expects to complete Åsgard welds repairs by next summer
Statoil AS plans to have Åsgard gas field in the Norwegian Sea back in production by next summer, following repairs to 72 flowline welds.
10/29/2001 -- Market watch: Energy markets mixed as traders await OPEC cut
Energy futures prices were mixed Friday as traders awaited the almost inevitable rollback of oil production by the Organization of Petroleum Exporting Countries. Representatives from the OPEC member countries are meeting today in Vienna with their counterparts from seven non-member countries.
10/26/2001 -- Low natural gas prices push US drilling activity lower again
US drilling activity dropped with 1,063 rotary rigs working this week, down 37 from the previous week and even falling below year-ago level of 1,084, Baker Hughes Inc., Houston, reported Friday.
10/26/2001 -- India questions recovery estimates for Bombay High redevelopments
India's Director General of Hydrocarbons has called for reevaluation of Oil & Natural Gas Corp.'s plan to spend 83 billion rupees to redevelop Bombay High oil field.
10/25/2001 -- Independents' quarterly earnings affected by commodity prices, costs
Large independents Apache Corp. and XTO Energy Inc. had third quarter earnings of $156.8 million and $70.3 million respectively, while Anadarko Petroleum Corp. declared a loss of $270 million.
10/25/2001 -- Parker Drilling, Tyumen Oil form drilling services JV
Parker Drilling Co., Houston, and Russian oil company Tyumen Oil Co. formed a joint venture to provide contract drilling services throughout Russia.
10/25/2001 -- National oil workers strike cripples crude production in Brazil
A national oil workers' strike has dropped Brazil's oil production by 60.2% from the normal 1.4 million b/d, Petrobras admitted Thursday.
10/25/2001 -- OPEC will 'brainstorm' with four key non-OPEC producers Monday
The scheduled meeting Monday of members of the Organization of Petroleum Exporting Countries with representatives of four key non-member oil producing countries will explore how to halt the sharp plunge of oil prices, the cartel's chief executive said Thursday.
10/25/2001 -- Market watch: Speculation on OPEC cutback lifts energy prices
Energy futures prices rose in international markets Wednesday as traders speculated that the Organization of Petroleum Exporting Countries would cut oil production by 1 million b/d at a special meeting with key non-OPEC producers Monday in Vienna.
10/24/2001 -- Aspen Group Resources moves to acquire Endeavour Resources in Canada
Aspen Group Resources Corp., Oklahoma City, agreed to acquire Canadian-based Endeavour Resources Inc. with an exchange of stocks and warrants, officials said Wednesday.
10/24/2001 -- Partners approve development plans for deepwater Falcon field
Mariner Energy Inc., Houston, and Pioneer Natural Resources Co., Dallas, approved development plans for Falcon field in the deepwater Gulf of Mexico.
10/24/2001 -- Atlantia Offshore selects Keppel FELS to build Matterhorn TLP
Atlantia Offshore Ltd., Houston, awarded Keppel FELS Ltd., Singapore, a $22 million contract to build a tension-leg platform hull for use in the US Gulf of Mexico. Keppel, an arm of the Keppel Group, will build the TLP to Atlantia's proprietary SeaStar design.
10/24/2001 -- El Paso earnings up 42%; calls industry liquidity 'excellent'
El Paso Corp. Wednesday reported third quarter earnings rose 42% to 78¢/share on net income of $405 million reflecting strong demand in its energy merchant group. El Paso officials also said they aren't seeing any evidence of a liquidity crunch resulting from the 'hub bub' surrounding Enron Corp.'s recent financial disclosures.
10/23/2001 -- Drilling/Production news briefs, Oct. 23
Pioneer Natural Resources ... Mariner Energy ... Howell ... Conoco ... Vaalco Energy ... Schlumberger Oilfield Services ... Canadian Natural Resources ... Ranger Oil ... Yinka Folawiyo Petroleum ... Westlinks Resources ... Abu Dhabi Co. for Onshore Oil Operations ... SAAS System ... Aker Technology ... Shell Petroleum Development ... Bouygues Offshore
10/23/2001 -- Kerr-McGee and partners plan Gunnison development
Directors of Kerr-McGee Corp., Oklahoma City, approved development of the Gunnison field in 3,100 ft of water in the Gulf of Mexico, using a truss spar similar to those used in developing the deepwater Nansen and Boomvang fields, officials reported Tuesday.
10/23/2001 -- Shell says gas marketing was key to Malampaya field project
By Jan. 1 the Malampaya project off the Philippines will be complete, said Managing Director David J. Greer of Shell Philippines Exploration BV, Tuesday at the World Energy Council's World Energy Congress.
10/23/2001 -- Drilling contractors Nabors and Patterson post improved earnings
Despite a sharp drop in drilling activity, the two biggest land drilling contractors, Nabors Industries Inc. and Patterson-UTI Energy Inc., posted improved quarterly earnings.
10/23/2001 -- World Bank sees uniform social responsibility programs by oil firms
Oil and gas companies are increasingly adopting comprehensive programs of social responsibility worldwide. Such programs are seen now as essential to not only to good relations in the areas in which industry operates but even crucial to business success.
10/23/2001 -- Energy Congress told deep offshore basins will be key to future supplies
Anticipated growth in oil demand will buoy the oil industry for the foreseeable future, and playing a major role in supplying oil for that future will be deep offshore basins. Those were major conclusions offered in two presentations to the World Energy Council's World Energy Congress.
10/22/2001 -- ENI confirms Goliath oil discovery in Norwegian Barents Sea
ENI of Italy confirmed the first major oil discovery in the Norwegian Barents Sea, 85 km north of Hammerfest. The Italian company said its Norwegian subsidiary Norsk Agip carried out confirmation tests on discovery well 7122/7-1, drilled last October in license PL229, and found a 70 m oil column.

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Drilling Production 2001 P