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Exploration Development 2001 P5

  • 10/15/2001 -- Shell probing oil reserves at Malampaya field off Philippines
    On the eve of the official inauguration of the $4.5 billion Malampaya deepwater gas-to-power project in the Philippines, operator Shell Philippines Exploration plans to begin tests on an exploration well that it hopes will provide better data on the 50 million bbl of oil reserves.
  • 10/12/2001 -- Gas acquisitions 'round out' Mirant portfolio, CEO says
    Mirant Corp. CEO Marce Fuller Friday said this week's natural gas acquisitions 'integrate perfectly' into the independent power producer's generation portfolio by providing assured physical gas supply many times its own needs. Mirant said it will buy TransCanada's gas marketing unit and an interest in 18 gas and oil producing fields.
  • 10/11/2001 -- First Choice Power calls for delay in Texas market opening
    Citing numerous problems, Texas electricity retailer First Choice Power Inc. Thursday called for a delay of the January 2002 opening of the market, if certain conditions aren't met. First Choice said serious deficiencies with customer billing, switching, inaccurate wholesale bills for power, and services from the Texas independent system operator have to be corrected before the market opens.
  • 10/11/2001 -- China allows Sinopec to invite foreign bids for onshore oil and gas E&P
    China amended its oil and gas legislation to allow China Petroleum & Chemical Corp. (Sinopec) to invite foreign exploration and production companies to bid for onshore oil and gas blocks, officials said Thursday. Previously only China National Petroleum Corp. had that right.
  • 10/10/2001 -- Empire Energy to acquire four property stakes in North Central Texas
    Empire Energy Corp. agreed to buy interests in four oil and gas properties in the Fort Worth basin in North Central Texas from Warrior Resources Inc., Dallas.
  • 10/10/2001 -- China confirms plans for gas pipeline and LNG project
    Chinese National Offshore Oil Corp. has signed an agreement with Shandong Province authorities to build a gas pipeline network and a LNG production facility. Technical and financial details were not released. However, the investment will be substantial.
  • 10/10/2001 -- Petrobras awards Albacora Leste field subsea contract to FMC
    Petroleo Brasileiro SA has awarded FMC Energy Systems, a unit of FMC Technologies Inc., an $18 million contract to supply subsea facilities for the Albacora Leste field in Campos basin off Brazil.
  • 10/09/2001 -- Essar planning development for northwest India oil discovery
    Essar Oil Ltd., Mumbai, plans to invest $31 million on an exploration and development program in Rajasthan, northwestern India.
  • 10/05/2001 -- Change response
    In coming weeks, events will inevitably occur that will have an impact on the oil and gas industry, and once again it will be called on to respond, to change, and to adapt.
  • 10/04/2001 -- Poll finds more support for ANWR drilling after terrorist attacks
    A Wirthlin Worldwide poll found the number of Americans who favor increasing energy production to improve national security has increased dramatically.
  • 10/04/2001 -- Phillips to participate in $425 million Nigerian power plant
    Phillips Petroleum Co. said its Nigerian subsidiary Phillips Oil Co. (Nigeria) Ltd., will invest $85 million for a 20% share of a $425 million 450 Mw independent power project to be built near Kwale, Nigeria, in Oil Mining Lease 60. Nearly 60% of Nigerians don't have access to electricity.
  • 10/03/2001 -- Black Rock Ventures says Alberta wells open large heavy oil trends
    Three horizontal wells have located what might be one of the largest primary heavy oil discoveries in western Canada in recent years, said BlackRock Ventures Inc.
  • 10/03/2001 -- China and Taiwan to sign joint exploration agreement
    China National Offshore Oil Corp. (CNOOC) and Taiwan's Chinese Petroleum Corp. (CPC) will sign a letter of intent next week to jointly explore for oil and gas in the Taiwan Strait, the two companies said today.
  • 10/03/2001 -- Perez Companc to explore Peruvian Block 99
    Perez Companc del Peru, Argentina, signed an exploration and production license with Perupetro, the state oil agency, for Block 99 in Peru's Ucayali basin.
  • 10/02/2001 -- SPE meet told smart well completions slowly finding industry acceptance
    Intelligent well completions are slowly finding acceptance in the industry, the Society of Petroleum Engineers technical conference was told. The systems allow operators to access real-time reservoir data and then remotely reconfigure the wellbore production-injection architecture.
  • 10/01/2001 -- Rep. Barton exploring options for filling US strategic oil reserve
    US Rep. Joe Barton (R-Tex.) plans to introduce a bill as early as Thursday to fill the Strategic Petroleum Reserve to its 700-million-bbl capacity. Barton, chairman of a House energy subcommittee, held a Houston press conference Monday after touring the Big Hill SPR site near Beaumont, Tex.
  • 09/27/2001 -- CNOOC and Shell to make joint study of Bonan Block
    CNOOC Ltd. and Shell Exploration China Ltd. signed a joint study agreement to explore options and plans for developing oil and natural gas reserves in the Bonan Block of Bohai Bay.
  • 09/26/2001 -- FERC law judge issues recommendation for Southeast RTO
    The law judge overseeing talks to create a Southeast regional transmission organization proposed federal regulators adopt a model supported by most private market participants in the region but not municipally owned utilities and cooperatives. The collaborative governance model was better developed and more clearly in compliance with the requirements of Order 2000, the judge said.
  • 09/26/2001 -- FERC judge finds Northwest electricity refunds unwarranted
    Pacific Northwest wholesale power buyers and municipal utilities are not entitled to refunds as a result of high electricity prices earlier this year, a Federal Energy Regulatory Commission administrative law judge said. Judge Carmen Cintron recommended FERC commissioners deny the $1.9 billion in refunds sought by the Northwest power purchasers.
  • 09/25/2001 -- Clough gets $80 million contract for deepwater Indonesian oil field
    Unocal Corp. has awarded the Clough Ltd. contracts worth $80 million for work to help develop Indonesia's first deepwater production oil field.
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