Drilling Production 2001 P

10/22/2001 -- Kashagan East-2 well in Caspian Sea flows 7,400 b/d of oil
ENI SPA drilled the Kashagan East-2 well in the Northeast Caspian Sea to 4,142 m. The well flowed on constrained test at 7,400 b/d of oil, said production-sharing agreement partner TotalFinaElf SA.
10/22/2001 -- USX-Marathon declares quarterly earnings of $193 million, up from $121 for 3Q 2000
USX-Marathon Group, Pittsburgh, declared earnings for the third quarter of $193 million. Revenue for the quarter was $8.3 billion.
10/19/2001 -- Executives remain bullish for strong rebound in US oil, gas operations
Despite present uncertainties, oil and natural gas operations should rebound with higher commodity prices and increased drilling activity in early 2002, said a panel of corporate executives Friday at a Houston industry forum.
10/19/2001 -- Anadarko takes $827 million charge for third quarter
Anadarko Petroleum Corp will take a pretax charge of $827 million in the third quarter as a result of low natural gas prices and unusually high differentials for heavy oil.
10/18/2001 -- Smith International's third quarter earnings double from last year
Smith International Inc., Houston, declared net income of $42.1 million for the third quarter, more than double the $20.5 million in the third quarter 2000. Revenues for the third quarter were $909.7 million, up 27% from the same quarter a year ago.
10/18/2001 -- Global Marine, Rowan say Gulf of Mexico drilling rebound is inevitable
The offshore drilling rig market in the US Gulf of Mexico has dropped sharply over the last 6 months, but service companies expect it to rebound just as sharply when natural gas demand requires it. They said weaker economic indicators may push recovery back somewhat.
10/17/2001 -- Unocal to sell additional Gulf of Thailand gas at reduced price
Unocal Thailand Ltd. and partners agreed to give PTT PLC an incentive to take incremental gas from Gulf of Thailand fields over a 15-month period.
10/17/2001 -- Gas injection project awarded for Abu Dhabi offshore field
Abu Dhabi Marine Operations Co. awarded a major gas injection project to expand the output of Zakum oil field, the primary Abu Dhabi offshore field.
10/16/2001 -- Aker Maritime to salvage and recycle largest production platform ever removed after use
Phillips Petroleum Co.'s UK subsidiary exercised its contract option to have Aker Maritime ASA, Norway, salvage and recycle a 110,000-tonne steel production platform from Maureen field in the UK sector of the North Sea, officials said Tuesday.
10/15/2001 -- SCORE drilling indicator falls again, despite solid international market
Offshore drilling contractor Global Marine Inc., Houston, reports its worldwide Summary of Current Offshore Rig Economics (SCORE) for September fell by 4.3% from August. The indicator reflects weakening rates and utilization in the Gulf of Mexico; however, international markets remain solid, said the company.
10/15/2001 -- Shell to use North Sea LNG technology in Australia
A technology that Statoil ASA and Linde AG jointly developed for the Snøhvit liquefied natural gas project will also be used by a unit of Royal Dutch/Shell Group in an Australian project, said Statoil.
10/12/2001 -- Gulf of Mexico marks 9 weeks of decline in drilling activity
The number of mobile offshore rigs under contract in the Gulf of Mexico fell for the ninth consecutive week with two more units idled, officials at ODS-Petrodata Group, Houston, said Friday.
10/12/2001 -- Drilling/Production news briefs, Oct. 12
PTT Exploration & Production ... Unocal Thailand ... Mitsui Oil Exploration ... Ocean Energy ... Transocean Sedco Forex ... BP ... Greka Energy ... Carrizo Oil & Gas ... BP
10/12/2001 -- Statoil lets contract for repair of leaking Åsgard flowline welds
Statoil let contracts to a joint venture of Stolt Offshore SA and Halliburton Co. for repairs to flowline welds at Åsgard field in the Norwegian Sea.
10/12/2001 -- Russian oil company buys into Kværner
Russia's second largest oil producer, OAO Yukos Oil Co., bought 10% of British-Norwegian engineering firm Kværner ASA to ensure fulfillment of work contracts between the two firms in the Khanty-Mansiisk region, officials said Friday.
10/11/2001 -- Citing security, President Bush urges Senate to pass energy bill
President George W. Bush Thursday urged Congress to pass a comprehensive energy bill this session. He did not mention the main roadblock to a Senate bill, disagreement over whether to allow leasing of the Arctic National Wildlife Refuge coastal plain in Alaska.
10/11/2001 -- Norway expects less revenue with lower oil prices in 2002
Norway's revenue from petroleum operations is expected to drop to 205.5 billion kroner ($23.5 billion) in 2002, some 39 billion kroner ($4.5 billion) less than in 2001, as an economic recession reduces world demand for oil.
10/11/2001 -- Executives cite reasons Brazil attracts offshore interests
Phillips Petroleum Co. of Bartlesville, Okla., needs large new reserves, which is why it's exploring the deepwater "golden triangle" off Brazil and West Africa and in the Gulf of Mexico, a company executive said Wednesday.
10/10/2001 -- Analyst: Oil firms to spend $7.3 billion in 'second tier' West Africa
Oil companies will make capital expenditures of $7.3 billion on projects in the second tier of West African countries before 2005, said UK energy analyst Douglas-Westwood Ltd. Majors and independents alike are attracted to these prospects, they said.
10/10/2001 -- Statoil awards water-injection contract for Heidrun field in N. Sea
Statoil ASA, Stavanger, has awarded a water injection-related contract to the VM alliance, a venture of Halliburton Co., Fabricom, and Sørco. The alliance will modify the Heidrun platform in the Norwegian North Sea to allow water injection to provide pressure support for production wells.

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Drilling Production 2001 P