Exploration Development 2001 P

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.
09/25/2001 -- CGES meeting told Iran primed to export gas when sanctions ease
Possible relaxation of US sanctions against Iran as part of present anti-terrorist discussions could lead to that country's emergence as one of the world's main exporters of natural gas. A Center for Global Energy Studies meeting was told that Iran may need the help of US companies.
09/24/2001 -- Duke Energy evaluating California appellate decision
Duke Energy Corp. is still 'evaluating' the effect of an appeals court ruling that reversed a lower court decision allowing California Gov. Gray Davis to seize private power contracts last February. In overturning the lower court, the US Court of Appeals for the Ninth Circuit in San Francisco agreed with Duke that Gov. Gray Davis was out of line when he 'commandeered' contracts from the California Power Exchange.
09/24/2001 -- CGES told Mideast political changes may set stage for oil projects
Senior oil company executives were told Monday that the Middle East continues to hold major opportunities for large-scale oil and gas projects. They said turnovers in some Mideast governments could be expected to be followed by some large energy developments.
09/24/2001 -- Ivanhoe and Unocal to explore Bossier sand acreage in East Texas
Ivanhoe Energy Co. and Unocal Corp. plan to jointly explore 37,000 net acres of Bossier Sand prospects that Ivanhoe has collectedd in East Texas.
09/21/2001 -- Alberta conservation group seeks to overturn oil and gas leases
The Canadian Parks and Wilderness Society (CPAWS) said Thursday that conservation groups will try to overturn the Alberta government's sale of oil and gas leases in the Bighorn Wildland Recreation Area (WRA).
09/21/2001 -- MMS issues multisale call for information on Beaufort Sea sales
The US Minerals Management service has requested information for three tentatively scheduled Beaufort Sea oil and gas lease sales proposed under the 2002-07 leasing program. It also issued notice of intent to prepare an environmental impact statement for the sales.
09/21/2001 -- Spinnaker makes Resolute discovery off Texas
Spinnaker Exploration Co., Houston, has a discovery at its Resolute prospect on High Island Block 197 off Texas.
09/21/2001 -- Repsol hits oil at Tridente prospect near Casablanca field in Mediterranean
Repsol-YPF SA has found oil at its Tridente prospect, south of Barcelona in the Mediterranean Sea. Necora-1 and Bocarte-1 wells each produced on test up to 5,000 b/d of "excellent quality" 47°-gravity oil, Repsol said.
09/20/2001 -- Mitsui group takes 15% interest in large Padre Island project
In its first joint operation through a new strategic alliance with Novus Petroleum Ltd. of Sydney, Australia, Mitsui Oil Exploration Co. Ltd. (MOECO), Tokyo, agreed to take a 15% working interest in a Padre Island development project near Corpus Christi, Tex., from operator BNP Petroleum Corp. of Texas.
09/20/2001 -- DNO to farm into Yemen exploration block near Masilla field
DNO ASA, Oslo, has agreed to farm into Calgary-based First Calgary Petroleums Ltd.'s Block 43 in Yemen. DNO will assume operatorship.
09/19/2001 -- Conoco plans to develop Vanguard Extensions in North Sea
Conoco (UK) Ltd. will seek UK government approval for fast track development of its recent Vanguard Extensions natural gas discovery on block 49/16 in the North Sea.
09/18/2001 -- Santos establishes new Cooper-Eromanga gas play
Santos Ltd., operator of a South West Queensland exploration unit in Australia, has cased and suspended the Wellington-1 gas well as a Toolachee gas producer. Santos said the formation is a new gas play in the Queensland sector of the Cooper-Eromanga basins.
09/17/2001 -- Statoil downgrades Svale estimates, delays development plan
Statoil AS has downgraded estimated reserves of its Svale field in the Norwegian Sea to 50 million bbl from the previous 80 million, and will therefore postpone filing a plan of development and operation to the authorities.
09/17/2001 -- Norway calls for licensing applications
The Norwegian Ministry of Petroleum and Energy has issued an invitation to apply for 68 whole or partial blocks in the North Sea. The deadline for applications is Dec. 7, and the awards will be made in first quarter.
09/14/2001 -- Pertamina to start work on South Sumatra gas program
Indonesian state oil and gas company Pertamina will soon start work on a $500 million gas field development n the South Sumatra region, said the Organization of Petroleum Exporting Countries' news agency.
09/14/2001 -- MMS requests data for 10 proposed Gulf of Mexico lease sales
The US Minerals Management Service has requested information for 10 tentatively scheduled Outer Continental Shelf lease sales in the western and central Gulf of Mexico as part of a hearing process for the 2002-2007 leasing program.
09/12/2001 -- Study says Canadian gas additions will come from smaller fields
Canada had 233 tcf of nominally marketable conventional natural gas resources as of the end of 1998 -- a 40-year supply at that year's rate of production. However, those resources will never be fully tapped, said the Canadian Gas Potential Committee in a 4-year study.

Home

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Home

2001

Exploration Development 2001 P