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General Interest 2001 P2

  • 12/10/2001 -- ExxonMobil begins production at satellite field project off Malaysia
    ExxonMobil Corp. has begun first production from a satellite fields development project, which it said is the first of its kind off Malaysia. About 90 million bbl will be produced from the $240 million, five-satellite platform project, which will develop six smaller fields.
  • 12/26/2001 -- Alert fatigue
    The White House wants to develop a national system that ranks the severity of a terrorism threat, US Homeland Security Director Tom Ridge told Reuters in a Dec. 14 interview. That's comforting to energy trade associations that represent their members' interests in Washington, DC.
  • 11/15/2001 -- Florida Gas Transmission to add capacity to Texas-to-Florida line
    Florida Gas Transmission Co., Houston, applied with the Federal Energy Regulatory Commission to add another 33.3 miles of pipeline and 18,600 hp of compression at existing stations to its 4,800-mile system carrying natural gas from South Texas to Florida, officials said Thursday.
  • 11/19/2001 -- Financial analysts call Conoco-Phillips merger a survival maneuver
    Financial analysts Monday generally approved the proposed stock-swap merger of Houston-based Conoco Inc. with Phillips Petroleum Co., Bartlesville, Okla., although one described it as a maneuver "to survive, not thrive" in the current downturn.
  • 11/19/2001 -- Merger of Conoco, Phillips would unite two North Sea pioneers
    The merger of Conoco Inc. and Phillips Petroleum Co. would unite two companies who were first to develop gas fields in the southern sector of the North Sea and who led the way in technical innovation when developing large oil fields in the more hostile waters of the Northern sector.
  • 11/19/2001 -- Phillips, Conoco plan $35 billion 'merger of equals' next year
    Conoco Inc. and Phillips Petroleum Co. said their boards have approved a merger creating a $35 billion ConocoPhillips. The companies expect to complete the merger in the second half of 2002. They anticipate cost savings of $750 million/year.
  • 11/02/2001 -- Marathon buying CMS Energy's interests in Equatorial Guinea
    Marathon Oil Co., Houston, Friday said it is buying CMS Energy Corp.'s upstream and downstream interests in Equatorial Guinea for $993 million. Marathon said the acquisition is part of its plan to grow through the creation of new core business areas.
  • 11/07/2001 -- Canadian firms expanding Arctic wildcatting in anticipation of pipeline
    An exploration campaign to prove up more natural gas in Canada's Arctic will gain momentum this winter in anticipation of construction of a pipeline. A Petro-Canada executive said companies have committed to spend more than $650 million (Can.), which equates to about 22 wells.
  • 11/13/2001 -- Enterprise JV to transport, process BP's Green Canyon gas
    An Enterprise Products Partners LP joint venture said Tuesday it will provide transportation, processing, and exchange services to BP PLC for its southern Green Canyon gas production in the central Gulf of Mexico.
  • 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 -- Nine companies to prepare Alaskan gas pipeline proposal
    Six American and three Canadian energy companies Thursday signed a memorandum of understanding (MOU) regarding construction of an Alaska Highway natural gas pipeline project. They expect to present a proposal to the major Alaskan North Slope producers by yearend.
  • 11/22/2001 -- UK Domestic gas supplier Centrica buys into North and Irish Sea assets
    Centrica PLC, the gas supply and service company created following the privatization of the British Gas Corporation, is to spend $88 million to acquire gas an oil production assets in the North Sea and Irish Sea.
  • 11/20/2001 -- US Secretary of Energy to visit Russian counterparts this month
    US Energy Sec. Spencer Abraham will represent the US in a ceremony celebrating the completion of the Caspian Pipeline Consortium pipeline on Nov. 27 in Novorossiysk, Russia. He also will go to Vienna to meet with the International Atomic Energy Association.
  • 11/26/2001 -- Oil majors vie for 24.5% share of Persian Gulf Dolphin gas project
    Five companies -- BP PLC, ChevronTexaco Corp., ExxonMobil Corp., Occidental Petroleum Corp., and Royal Dutch/Shell Group -- have until yearend to bid close to $1 billion to win a 24.5% stake in the inter-Gulf Dolphin gas project operated by Dolphin Energy Ltd.
  • 11/19/2001 -- ChevronTexaco raises goals for post-merger improvements
    ChevronTexaco Corp. has set higher financial and operational targets for the merged company. It said recurring synergies would be $1.8 billion/year by March 2003.
  • 11/02/2001 -- Slumping oil prices halt Royal Dutch/Shell Group's profit growth
    The Royal Dutch/Shell Group has reported record earnings for the first 9 months of this year of $10.075 billion, but third quarter adjusted earnings, on a current cost of supplies basis, were $2.686 billion, 17% lower than in the same period last year.
  • 11/09/2001 -- Four oil firms eye blocks near Camisea gas fields in Peru
    Peru's state oil firm Perupetro said four oil companies are considering leases of blocks 56, 57, and 58 near the Camisea gas fields.
  • 11/16/2001 -- Petro-Canada finds hydrocarbons on fault block east of Terra Nova field
    Petro-Canada, operator of Terra Nova oil field off Newfoundland, Friday said the first well on a separate fault block east of the field found hydrocarbons.
  • 11/15/2001 -- Alaska extends Point Thomson unit, enabling production by 2008
    Alaska has approved an expansion of the North Slope Point Thomson Unit, which under the current plan of development should result in production by 2008.
  • 11/29/2001 -- ChevronTexaco gets go-ahead for two UK Central North Sea fields
    ChevronTexaco Corp. has received government approval to develop two North Sea projects with a combined budget of more than $240 million. Alba Extreme South and Caledonia fields are in the Central North Sea 130 miles northeast of Aberdeen.
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