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Drilling Production 2001 P

  • 10/01/2001 -- Texaco begins drilling operations for first dual-gradient well
    Texaco Inc. is drilling what it says is the first dual-gradient well using a subsea-mudlift drilling system developed by a joint industry project led by Conoco Inc. The Shasta field No. 8 is in 910 ft of water on Green Canyon Block 136 in the Gulf of Mexico.
  • 09/28/2001 -- MMS official warns IADC about security, safety of offshore facilities
    The Gulf of Mexico Offshore Operators Committee will meet here Oct. 10 to discuss how to protect production facilities from terrorist attacks. A committee official said offshore drilling and production personnel will discuss security issues undertaken, mutual assistance measures, and identification procedures.
  • 09/28/2001 -- Market watch: US energy futures prices inch up
    Energy futures prices Thursday regained a little of their previous large losses on the New York Mercantile Exchange but dipped again on the London market. OPEC's decision to hold the line on oil production at least until its next ministerial meeting in November removed just one element of uncertainty from the market, said analysts.
  • 09/28/2001 -- Statoil begins producing gas from Gullfaks satellites in North Sea
    Statoil has begun producing gas from Gullfaks South field in the North Sea, the latest stage in the Gullfaks satellites phase II development project.
  • 09/28/2001 -- Well to increase oil output 30% at Siri field in Danish North Sea
    Statoil said Friday the latest well at Siri field on the Danish continental shelf will produce around 10,000 b/d, increasing field output 30%.
  • 09/28/2001 -- EIA says tax credits boosted nonconventional gas output in 1990s
    Tax credits for non-conventional fuel production were a key factor in the growth of the major companies' US natural gas production in the 1990's. The Energy Information Administration said nearly half of the majors submitted data showing they got tax credits for nonconventional fuel output.
  • 09/28/2001 -- Water problems
    The production of water goes hand-in-hand with the production of oil. Indeed, Royal Dutch/Shell produces 6 million b/d of oil and 6 million b/d of water.
  • 09/27/2001 -- OPEC confirms it won't change oil production quotas
    The Organization of Petroleum Exporting Countries confirmed Thursday it would not change its present oil production quotas to firm prices. The oil ministers said they would meet again in Vienna Nov. 14 to review the oil market situation and cut output at that time if necessary.
  • 09/26/2001 -- Repsol begins gas production at Quiriquire field in Venezuela
    Repsol YPF has begun gas-condensate production at Quiriquire field in Monagas State, western Venezuela.
  • 09/25/2001 -- US gas producers see ample winter supplies, lower demand
    The Natural Gas Supply Association said Tuesday that US gas supplies should be ample this winter. It predicted gas demand will slide 2.1% or 250 bcf to 11.44 tcf, assuming that the nation's economic recovery is delayed by uncertainty over events in the Middle East.
  • 09/25/2001 -- Australia's shale oil 'twins' approve plan for merger
    Southern Pacific Petroleum NL and Central Pacific Minerals NL plan to merge. They operate a $300 (Aus.) million shale oil demonstration plant at Stuart.
  • 09/25/2001 -- Market watch: Energy futures plunge as speculators challenge OPEC
    International energy futures plummeted Monday, breaking through the floor of the price range targeted by the Organization of Petroleum Exporting Countries. Some observers said speculators were challenging the cartel's energy ministers, who are meeting in Vienna Wednesday.
  • 09/25/2001 -- Consortium developing downhole testing method that eliminates flaring
    A consortium of Shell, Statoil, Halliburton, and Petrotech are researching a downhole testing method for wells that eliminates the need for flaring.
  • 09/24/2001 -- PetroChina prepares to offer 19 blocks in three basins
    PetroChina Co. plans to offer 18 oil and gas blocks in China's Tarim, Ordos, and Songliao basins for international tender.
  • 09/21/2001 -- DOE funding six more projects to improve US production methods
    The US Energy Department plans to fund six university research projects with the goal of helping producers sustain oil flows.
  • 09/21/2001 -- Gulf of Mexico rig utilization falls for sixth consecutive week
    Offshore rig utilization in the US waters of the Gulf of Mexico fell for the sixth consecutive week, officials at ODS-Petrodata Group, Houston, reported Friday. Total US drilling declined slightly, primarily on the landside, said Baker Hughes Inc. officials in Houston.
  • 09/21/2001 -- China's Daqing crude output to fall by 2 million tonnes/year until 2005
    Daqing Oil Co., a subsidiary of PetroChina Co., expects its crude oil output to fall by 1.5-2 million tonnes/year till 2005. This year, Daqing oil field -- China's largest -- will produce 51.5 million tons, down 1.5 million tons from last year.
  • 09/21/2001 -- Offshore safety
    The offshore oil industry creates its own superlatives and statistics. Every year new records are created in offshore drilling, production efficiency, and water depth. It is one of the world's most energy-efficient industries, and its progress on environmental issues has been remarkable, if unrecognized by many.
  • 09/20/2001 -- Raymond James analysts foresee 'almost certain' oil supply disruptions
    Markets may be overestimating the potential decline of global demand for energy in the wake of last week's terrorist attacks and could instead face the "almost certainty" of severe supply disruptions over the next 2 years, energy group analysts with Raymond James & Associates Inc. reported Thursday.
  • 09/20/2001 -- Oct. 1 startup due for Malampaya gas field project off Philippines
    Shell and the Philippines government have signed the final environmental agreements allowing the $2 billion Malampaya deepwater gas field to begin production ahead of schedule on Oct. 1. It will be the nation's first gas field, and with three associated power projects, $4.5 billion will be invested.

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