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Drilling Production 2002 P14

  • Tue Jan 08 09:01:00 CST 2002 -- PGS acquires Norsk Hydro's share of Varg field license off Norway
    Petroleum Geo-Services ASA is buying Norsk Hydro AS's 42% share in production license 038 in the Norwegian sector of the North Sea.
  • Mon Jan 07 08:01:00 CST 2002 -- Statoil seeks credits under World Bank's greenhouse gas program
    Statoil ASA has submitted its first application for credits in the World Bank's prototype carbon fund during 2002. Established last April, the fund buys reductions in greenhouse gas emissions that can be credited under the Kyoto Protocol's rules for projects.
  • Mon Jan 07 08:01:00 CST 2002 -- US lawmakers pledge to focus on omnibus energy bill by spring
    US lawmakers pledge that energy legislation will be high on the agenda when Congress returns from a month-long recess Jan. 24. But since energy prices have returned to comfortable levels for consumers, there is concern whether legislation will move forward.
  • Mon Jan 07 00:01:00 CST 2002 -- Bingaman expects Senate action on broad energy bill this year
    Sen. Jeff Bingaman (D-NM) remains optimistic that despite delays last fall, the Senate will approve an energy policy reform bill early this year.
  • Fri Jan 04 16:01:00 CST 2002 -- US weekly rig count declined, but offshore utilization increased
    The number of rotary rigs drilling in the US and its waters continued to dribble away, down 4 to 883 this week -- well below the 1,107 units that were working in the same period a year ago when the rig count was still climbing, Baker Hughes Inc. officials reported Friday.
  • Fri Jan 04 15:01:00 CST 2002 -- CNPC to raise crude output to 113.75 million tonnes in 2002
    China National Petroleum Corp. plans to raise its crude output this year to 113.75 million tonnes, up 1.6% over 2001. That amount includes 7.35 million tonnes from fields overseas.
  • Fri Jan 04 10:01:00 CST 2002 -- Talisman gives Pegasus contract for Kildrummy field in UK North Sea
    Talisman Energy Inc. let contract to Pegasus International UK Ltd. to perform detail design engineering for its Kildrummy field in the UK North Sea.
  • Fri Jan 04 09:01:00 CST 2002 -- Further leasing considered for Los Padres National Forest in California
    Hearings are scheduled the week of Jan. 14 regarding possible further oil and gas leasing in Los Padres National Forest, Central Coastal California. The US Forest Service has 766,867 acres potentially available for leasing in the 1.78 million acre forest.
  • Fri Jan 04 09:01:00 CST 2002 -- Market watch: Recession woes push down energy futures prices
    Energy futures prices fell Thursday in international markets with negative news that a global economic recession may be even worse than originally expected, resulting in an even greater decrease in world demand for oil.
  • Thu Jan 03 15:01:00 CST 2002 -- New IAGC head says geophysical firms must rebut subsea noise claims
    Charles F. Darden has completed nearly 27 years as president of the International Association of Geophysical Contractors. G.C. "Chip" Gill, his successor, brings a new perspective to that role. One of his challenges will be defending the industry on the subsea noise issue.
  • Thu Jan 03 09:01:00 CST 2002 -- Market watch: Winter heating oil market lifts oil futures prices
    Increased US demand for home heating oil during the current cold snap pushed up futures prices for both oil and refined products in world markets Wednesday. The February contract for benchmark US sweet, light crudes jumped by $1.17 to $21.01/bbl on the New York Mercantile Exchange.
  • Thu Jan 03 08:01:00 CST 2002 -- BP increases ownership of Nam Con Son gas fields off Viet Nam
    BP PLC has bought Statoil ASA's share in two gas-producing blocks off Viet Nam. BP said its shares in the Nam Con Son basin have increased to 35% from 26.6% for Block 6/1 and to 100% from 66.6% in Block 5/2.
  • Wed Jan 02 12:01:00 CST 2002 -- MMS approves use of FPSOs for Gulf of Mexico developments
    The US Minerals Management Service has approved the use of floating production, storage, and offloading (FPSO) systems in the central and western Gulf of Mexico. The oil industry has sought to use FPSOs as it moves to develop fields in deeper areas of the gulf.
  • Wed Jan 02 09:01:00 CST 2002 -- Agip and Nigerian Petroleum Development bring Okono field on stream
    ENI SPA unit Agip Energy & Natural Resources has begun production from Okono field on OML 119 in 100 m of water off Nigeria.
  • Wed Jan 02 08:01:00 CST 2002 -- Oil traders show little faith in effectiveness of OPEC output pact
    The honeymoon between oil traders and the Organization of Petroleum Exporting Countries appears to be over, with prices falling again Wednesday on the London International Petroleum Exchange.
  • Fri Jan 25 12:01:00 CST 2002 -- Petro-Canada is bringing new Terra Nova field to full production
    Petro-Canada, operator of the $2.8 billion (Can.) Terra Nova field off Newfoundland, said production from the newly opened field continues to increase.
  • Thu Jan 24 15:01:00 CST 2002 -- Syncrude Canada achieves 81.4 million bbl of production in 2001
    Oil sands joint venture Syncrude Canada Ltd. blamed maintenance issues for lower-than-expected production in 2001. The company produced 81.4 million bbl of syncrude from Athabasca oil sands bitumen in northern Alberta in 2001, up 10% from 2000 but down from the expected 90-94 million bbl.
  • Tue Feb 05 09:02:00 CST 2002 -- El Paso sets work for deepwater production hub in Gulf of Mexico
    El Paso Energy Partners LP has given MODEC International LLC a letter of intent for the engineering, procurement, and construction of the hull, mooring, and production riser system for the world's deepest tension-leg platform.
  • Tue Apr 16 10:04:00 CDT 2002 -- Marathon abandons well on Annapolis prospect off Nova Scotia
    Marathon Canada Ltd., a wholly owned subsidiary of Marathon Oil Co., has elected to plug and abandon its Annapolis B-24 deepwater exploratory well off Nova Scotia for mechanical reasons. The move followed a detailed analysis of the wellbore's condition following a gas kick on Mar. 24.
  • Wed May 01 10:05:00 CDT 2002 -- First 4 ¾-in. slimhole rotary steerable well drilled in North Sea field
    Shell UK Exploration & Production and Schlumberger Oilfield Services claim to have achieved a world first for the successful field test of a 4 ¾-in. slimhole rotary steerable drilling system in the North Sea. The field test was performed for Shell Expro, which operates in the UK North Sea on behalf of Shell and ExxonMobil Corp. subsidiary Esso, in Brent Delta field.

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