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Exploration Development 2001 P

  • 11/26/2001 -- Repsol-YPF has gas, condensate discovery in Sumatra
    A unit of Repsol-YPF SA has a gas and condensate discovery at its Sungai Kenawang well on Jambi Merang Block in Sumatra, Indonesia. The well could produce up to 2.5 million cu m/day of gas and 3,000 b/d of condensate, said the company.
  • 11/26/2001 -- Don't give up the day job
    A friendly feature of the annual North Sea exploration and production exhibitions, held in alternate years in Aberdeen and Stavanger, has been the presence over the past 10 years of the stand from the Faroes Islands.
  • 11/20/2001 -- ChevronTexaco brings Hamaca heavy oil field in Venezuela on stream
    ChevronTexaco Corp. and its partners have begun production from Hamaca field in Venezuela's Orinoco Belt. The $1 billion development project includes a crude upgrader, now under construction.
  • 11/20/2001 -- MMS schedules next Central Gulf of Mexico lease sale for Mar. 20
    The US Minerals Management Service has scheduled Central Gulf of Mexico Lease Sale 182 for Mar. 20. It also proposed several measures to encourage exploration and production.
  • 11/19/2001 -- Amerada Hess finds first oil off Faroe Islands in northeast Atlantic
    Hopes that the Faroe Islands will emerge as a producing area received a boost when Amerada Hess Corp. said Monday it found oil with a wildcat drilled off the islands. The northeast Atlantic well was not tested, but the company said significant volumes were found.
  • 11/19/2001 -- Lapindo finds gas in Brantas PSC near Wunut field in East Java
    Lapindo Brantas Inc. has a gas discovery in the Brantas production-sharing contract in East Java, said PSC partner Novus Petroleum Ltd., Sydney.
  • 11/19/2001 -- Finance/Companies news briefs, Nov. 19
    Weatherford International ... Ramoil Management ... Lukoil ... Boundary Creek Resources ... Burlington Resources ... Canadian Hunter Exploration ... Amoco UK Exploration ... Rowan Cos. Inc. ... Amerada Hess ... Enterprise Oil ... TEPPCO Partners
  • 11/16/2001 -- Norsk Hydro says discoveries boost Oseberg reserves in North Sea
    Norsk Hydro AS said Friday it expects to link three discoveries in a subsea development tied into the Oseberg field center in the Norwegian sector of the North Sea. The company has made two oil and gas discoveries near Oseberg and had an undeveloped find
  • 11/15/2001 -- US electric utility executives testify against multipollutant bill
    Electric utility officials Thursday testified a Senate bill that would require additional cuts in sulfur dioxide, nitrogen oxides, and carbon dioxide emissions is too costly and doesn't take into consideration regional differences. They testified before the US Senate Enviromental & Public Works Committee on S. 556 , which would set new targets for multipollutants.
  • 11/15/2001 -- Exploration/Development news briefs, Nov. 15
    Murphy Oil ... Pakistan ... Scimitar Hydrocarbons ... Oman ... Oman Hunt Oil ... Brigham Exploration
  • 11/15/2001 -- Singapore company seeks partners for land exploration in North Korea
    Sovereign Ventures Pte. Ltd., Singapore, said Thursday it is seeking experienced partners to explore and develop the first onshore oil and natural gas concession in North Korea to be granted to a foreign company.
  • 11/15/2001 -- Eastern Canada oil groups urge more focus on supply and services needs
    Eastern Canada oil groups say the region needs a system to audit the capabilities of the oil service and supply sector to support exploration and development.
  • 11/15/2001 -- Newfoundland approves development plan for first onshore field
    Canadian Imperial Venture Corp said the Newfoundland government has approved its development plan for Garden Hill oil field at Port au Port, Newf.
  • 11/14/2001 -- Existing coal power plants to boost production, analyst says
    Confounding the hopes of many environmentalists, US electric plants are expected to boost coal consumption in the future. Credit ratings agency Fitch predicted US power plants will be burning more than 1 billion tons/year of coal 15 years from now, up from the 925 million tons of coal that was consumed by US electricity generators last year.
  • 11/14/2001 -- BG makes 13th discovery on West Delta Deep Marine concession off Egypt
    BG Egypt, Egyptian General Petroleum Corp., and Edison International SPA announced a natural gas discovery with their Saurus-1 well in the West Delta Deep Marine Concession off the Nile Delta, Egypt.
  • 11/14/2001 -- Greenspan says energy industry needs continued focus on R&D
    Technology has transformed the energy industry, but incremental improvements will require massive long-term investment in research and development, US Federal Reserve Board Chairman Alan Greenspan said. He spoke Tuesday at Rice University's James A. Baker Institute for Public Policy.
  • 11/14/2001 -- US energy agency raises commercial energy demand forecast
    Commercial energy demand in the next 15 years is expected to grow faster than previously forecast and fewer nuclear plants will be retired, government forecasters predicted in an annual energy outlook. The Energy Information Administration said total US energy demand is expected to grow by almost one-third between 2002 and 2020.
  • 11/13/2001 -- FERC needs state 'buy-in' on RTOs, commissioner says
    With respect to regional transmission grids, it's better to be right than quick, Linda Breathitt, a commissioner for the Federal Energy Regulatory Commission told a large industrial power consumer's group. Federal regulators recently backtracked on a December deadline for utilities to join regional transmission organizations.
  • 11/08/2001 -- BG Group PLC drills successful appraisal wells on North Sea Blake Flank
    BG Group PLC has drilled two successful appraisal wells on the Blake Flank structure in the outer Moray Firth area of the North Sea, 64 miles off Aberdeen. The wells were spudded Sept 17.
  • 11/06/2001 -- Lower gas prices push US Northeast power prices down
    Winter electricity prices in the US Northeast and the West will be lower than last year's prices, reflecting lower natural gas prices, analysts said. Even so, Energy Security Analysis Inc. said some electricity markets in the US Northeast are overpriced.
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