Exploration Development 2001 P

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 -- Statoil signs contracts for development of Sigyn field in North Sea
Statoil signed contracts totaling 375 million kroner for development of Sigyn gas and condensate field in the North Sea.
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.
10/09/2001 -- Corridor farms out acreage near onshore New Brunswick discovery
Corridor Resources Inc. farmed out interests in its McCully natural gas discovery area in New Brunswick to EOG Resources Canada Inc.
10/09/2001 -- Burlington Resources plans $2.1 billion purchase of Canadian Hunter
Burlington Resources Inc. Tuesday offered to buy the stock of Canadian Hunter Exploration Ltd. for $2.1 billion (US). Burlington said the acquisition, for $53 (Can.)/share, will nearly double its investment in Canada and add a portfolio of attractive producing properties
10/08/2001 -- Duke forms E&P partnership with Houston Energy
Contributing to the convergence trend, a unit of Duke Energy Corp., Charlotte, NC, has formed an oil and gas development joint venture with Houston Energy Inc.
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.
10/01/2001 -- War threat reduces exploration, development activity in Pakistan
Possible US military actions in Afghanistan following the Sept. 11 terrorist attacks have depressed exploration and production activity in neighboring Pakistan, said Jamal Hassan, secretary of the Pakistan Petroleum Exploration & Production Companies Association.
10/01/2001 -- New chairman orders decentralization of India's ONGC
Subir Raha, the new chairman of India's Oil & Natural Gas Corp., is pushing a reorganization that will radically change the company.
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.

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Exploration Development 2001 P