Exploration Development 2001 P

09/11/2001 -- PetroChina strikes oil, gas in Junggar Basin
PetroChina Co. made an oil and gas discovery in northwestern China's Junggar basin in Xinjiang region. This is the first discovery well PetroChina has drilled in the Maqiao acreage of the basin, following five dry holes drilled in the last 50 years.
09/11/2001 -- Oil firms say US neglect of Middle East threatens investment climate
Some US oil companies are worried Washington policymakers are neglecting Middle East tensions, which they say could jeopardize the industry's sizeable investments in Arab countries. Lobbyists recently met with staff members of US Vice-Pres. Dick Cheney to discuss their concerns.
09/07/2001 -- EEX Corp. sells Llano field interest to Amerada Hess
EEX Corp., Houston, sold its 27.5% interest in Llano field (Garden Banks blocks 385 and 386) to Amerada Hess Corp. effective June 1.
09/06/2001 -- USGS hikes estimate of Powder River basin coalbed methane resources
The US Geological Survey has slashed estimates of Uinta-Piceance basin coalbed methane resources, but substantially raised them for the Powder River basin. The former dropped to 2.32 tcf from 10.7 tcf in 1995 while the latter rose to 14.26 tcf, up from 1.11 tcf.
09/05/2001 -- Norsk Hydro joins with Conoco to explore Gulf of Mexico tracts
Norsk Hydro Oil & Gas Inc., a wholly owned subsidiary of Norsk Hydro Americas Inc., has entered a joint venture agreement with Conoco Inc. that gives it a 25% working interest in five firm and three contingent exploration wells in the deepwater US Gulf of Mexico.
09/05/2001 -- RWE-DEA acquires interest in Polish exploration program
RWE-DEA AG, Hamburg, has agreed to acquire a 58.8% share of Ramco Energy PLC subsidiary Medusa Oil & Gas Poland, which owns stakes in Carpathian Blocks 434, 435, 454, and 455 in southern Poland.
09/05/2001 -- AIOC awards Azeri field contract to Bouygues Offshore
Azerbaijan International Operating Co. has selected Bouygues Offshore SA for a 170 million euro ($155 million) contract for fabrication of offshore structures for Azeri field, 120 km southeast of Baku. The contract should be signed within 3 months.
09/04/2001 -- UK approves development of two northern N. Sea oil fields
UK Energy Minister Brian Wilson Tuesday said his ministry has approved the development of two northern North Sea fields, Shell Exploration and Production Ltd.'s Penguin fields and Canadian Natural Resources International Ltd.'s Columba-E project.
09/04/2001 -- FERC approve PJM caps for must-run units in real time
Over the objections of generators, federal regulators ruled PJM Interconnection LLC, the mid-Atlantic grid operator, can impose prices caps on must-run units in the real-time as well as day-ahead electricity markets. The Federal Energy Regulatory Commission said 'absent the authority to cost-cap in real time, consumers would be subject to the exercise of market power by generators.'
09/04/2001 -- ExxonMobil awards Cooper Cameron division $100 million subsea contract
An ExxonMobil Corp. subsidiary awarded Cooper Cameron Corp.'s Cameron division a contract totaling about $100 million for subsea equipment to be installed off West Africa, officials said Tuesday.
09/04/2001 -- Unocal encouraged by two wells at Ranggas prospect off Indonesia
Unocal Corp. said Tuesday its Unocal Rapak Ltd. subsidiary has drilled two successful appraisal wells on the Ranggas prospect in the southern part of the Rapak Production-Sharing Contract area off East Kalimantan, Indonesia.
09/04/2001 -- Devon Energy to buy Anderson Exploration for $4.6 billion
Devon Energy Corp. of Oklahoma City is acquiring Calgary-based Anderson Exploration Ltd. in a $4.6 billion deal that will give it the most North American oil and gas reserves of any independent, officials said Tuesday.
09/04/2001 -- UK Energy Minister presses for faster development of offshore fields
A push to move UK North Sea acreage into the hands of operators inclined to conduct immediate exploration and development work drew early attention from government and industry officials at the Offshore Europe conference in Aberdeen.
09/04/2001 -- Friendly neighbors
Today's energy worries are a hemispheric, not a country-specific problem.
08/29/2001 -- Marathon buys interests in five Norwegian North Sea licenses
Marathon Petroleum Norge AS, a Marathon Oil Co. subsidiary, has bought interests in the Norwegian North Sea from Statoil, Norsk Hydro AS, and TotalFinaElf.
08/29/2001 -- Norway seeks bids for Norwegian Sea exploration blocks
The Norwegian Ministry of Petroleum and Energy has asked oil companies to propose by Sept. 28 any Norwegian Sea blocks they want included in the 17th offshore licensing round. Winning bids would be awarded in the fourth quarter and production licenses early next year.
08/28/2001 -- Australia awards two oil companies new Carnarvon basin permit
Australia and Western Australia state have awarded the Carnarvon basin permit WA-310-P for area W00-56 to a joint venture of West Oil NL, Perth, and Bounty Oil & Gas NL.
08/27/2001 -- CNOOC Ltd. to acquire Xihu Trough holding from parent
CNOOC Ltd. agreed to acquire a 50% holding in the Xihu Trough area of the East China Sea from parent company China National Offshore Oil Corp. for $45 million. The deal awaits approval from the Chinese government.
08/27/2001 -- Santos farms in to Madura PSC
Australian operator Santos Ltd. agreed to farm in to the 4,246 sq km Madura offshore production sharing contract in the Madura Strait, East Java. The farm-in agreement gives Santos (Madura Offshore) Pty. Ltd. the operatorship of and 75% interest in the PSC.
08/27/2001 -- CNOOC finds gas with Liuhua 19-3 wildcat
CNOOC Ltd. said it made a gas discovery in the South China Sea with Liuhua 19-3-1 wildcat. The well, about 70 km from the producing Liuhua 11-1 oil field, was spudded in June and drilled to 1,500 m TD.

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Exploration Development 2001 P