Exploration Development 2001 P

12/11/2001 -- Oil rim found beneath Malampaya gas field off Philippines
What is likely to be the Philippines' first commercially viable oil deposits have been found by Royal Dutch/Shell Group in a deep well drilled through its existing Malampaya gas reservoir. Initial well tests from the thin oil rim beneath the gas yielded 8,000 b/d.
12/10/2001 -- Canadian Superior spuds first of three British Columbia holes
Canadian Superior Energy Inc., Calgary, has begun the first of three wells in a natural gas drilling program in northeastern British Columbia. The prospects are in the Farmington, Umbach, and Altares areas.
12/07/2001 -- Canadian Superior cites potential of new blocks off eastern Canada
Canadian Superior Energy Inc., Calgary, said its recently acquired Mayflower block off eastern Canada has structures analogous to some in worldwide offshore hot spots that may yield reserves of up to 500 million bbl of oil or 5 tcf of natural gas.
12/07/2001 -- Bangladesh High Court issues temporary injunction against gas exports to India
The High Court of Bangladesh has blocked for at least 3 months a government move to allow major oil companies to export natural gas to neighboring India. International oil companies hope permission will be granted in the future.
12/06/2001 -- Sale 181 has mix of successes and underachievers
Anadarko Petroleum Corp., Shell Offshore Inc., and Kerr-McGee Oil & Gas Corp. flexed their wallets and deepwater expertise as the most active participants at this week's federal Lease Sale 181 for the eastern Gulf of Mexico. But some established deepwater stars were underachievers or didn't even bid in the first lease sale in those waters since 1988.
12/05/2001 -- Exploration/Development news briefs, Dec. 5
Rusia Petroleum ... Gazprom ... GEOCAN Energy ... Petroleum Geo-Services ... BNP Petroleum ... Novus Petroleum
12/05/2001 -- Banker says exploration, production split could attract investors
The oil industry may have to restructure its upstream operations into separate exploration companies and production units that can attract new investors by providing better returns, the executive of a British investment bank said Wednesday.
12/05/2001 -- NERC, GISB to pitch power industry standards proposals
Two contenders for the job of setting standards for the wholesale electric market will make their case to industry Friday during a US Department of Energy-sponsored meeting in Washington, DC. The North American Electric Reliability Council and the Gas Industry Standards Board have been asked to explain their proposals to generators, marketers, industrial consumers, and investor-owned utilities.
12/04/2001 -- Oil firms bid on 95 of 233 tracts offered in Eastern Gulf sale
The US Minerals Management Service said Tuesday that oil companies have bid on 95 of 233 tracts offered in a rare eastern Gulf of Mexico lease sale. It will open the Sale 181 bids, 190 offers from 14 companies, Wednesday morning in New Orleans.
12/04/2001 -- Anadarko plans deepwater hub at Marco Polo field in Gulf of Mexico
Anadarko Petroleum Corp. has awarded a letter of intent for a Gulf of Mexico deepwater production hub platform and associated facilities to a joint venture of El Paso Energy Partners LP and Cal Dive International Inc.
12/04/2001 -- BHP Billiton claims significant oil discovery off Trinidad
BHP Billiton said Tuesday its Canteen delineation well in shallow waters off the east coast of Trinidad has indicated a significant oil resource.
12/03/2001 -- Total awards Carina-Aries contracts to J. Ray McDermott
Total Austral SA, a subsidiary of TotalFinaElf SA, has awarded subsidiaries of J. Ray McDermott International Inc. contracts worth $160 million for two natural gas production platforms and related pipelines to be installed off Argentina.
12/03/2001 -- BP PLC to continue Angola drilling program despite dry hole
BP PLC plans to continue its exploration program on ultradeepwater Block 31 off Angola, despite reports that its first well hit a reservoir of water.
11/29/2001 -- Canadian oil reserves up strongly in 2000, but gas reserves slip
The Canadian Association of Petroleum Producers said Thursday Canada's crude oil and equivalent reserves increased 400 million bbl in 2000 to 4.8 billion. Conventional oil reserve additions, including offshore Atlantic Canada, were 131% of production in 2000.
11/29/2001 -- Industrial electricity consumers warn PJM not a model market
Industrial consumers warned federal regulators market flaws in the PJM Interconnection LLC have prevented large electricity users from benefiting from competition. Problems surfaced after the market opened in 1999, including a lack of liquidity in the forward markets that forces purchases into the more expensive spot market. Very few alternative sellers of power are left in the market.
11/29/2001 -- Newfoundland oil group seeks strategy to revive sagging exploration
The Newfoundland Oil Industry Association said Thursday that it will hold a forum in March to promote the continued exploration of the province's oil and gas resources. It said that stakeholders need to agree on a strategy to prevent a decline in leasing and drilling activity.
11/29/2001 -- Marathon Alaska puts Wolf Lake field on stream in Cook Inlet region
A unit of USX-Marathon Group has begun production from Wolf Lake field in Kenai National Wildlife Refuge 12 miles northeast of Soldotna, Alas.
11/28/2001 -- Statoil forming elite exploration team to seek larger oil fields
Statoil AS is forming a global exploration team of about 100 geologists by the end of the year to focus on high quality prospects.
11/27/2001 -- Finance/Companies news briefs, Nov. 27
Addison Energy ... DONG ... Denerco Oil ... Phillips Petroleum ... Stolt Offshore ... Vinci ... ETPM ... Technip-Coflexip ... Halliburton ... Magic Earth
11/26/2001 -- CDWR asked to pay generators for past due power bills
The California Independent System Operator invoiced the California Department of Water Resources for $1 billion of power bills accumulated since January 2001. The money is owed the ISO and ultimately to generators and other power companies that sold power to the DWR via the ISO for months without getting paid.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2001

Exploration Development 2001 P