Drilling Production 2002 P

08/12/2002 -- Yergin: US energy security lies in diversified supply
CERA Chairman Daniel Yergin"The US will focus more on Eurasia, West Africa, and Latin America to diversify its oil supply sources and bolster energy security in the face of increasing imports and rising Middle East tensions."
08/12/2002 -- Petrobras confirms major deepwater oil find, extends Campos basin trend
Petroleo Brasileiro SA has confirmed a major deepwater oil discovery at the edge of the Campos basin off Brazil's Espirito Santo state.
08/09/2002 -- Canadian drilling down as 66 rigs idled
A sharp decrease in the number of drilling rigs operating in Canada this week brought the total number of active rigs in North America down to 1,045 from last week's 1,105 despite a small increase in US drilling, officials at Baker Hughes Inc. reported Friday.
08/09/2002 -- Rowan Cos. expands Tarzan-class rig construction program
Rowan Cos. Inc. said it will expand its Tarzan-class rig construction program with the addition of three jack ups, bringing to four the number that will ultimately be built.
08/09/2002 -- Statoil awards drilling, well fluids contract to Halliburton for Kristin field
Statoil ASA let a 260 million kroner contract to Dallas-based Halliburton Co. to provide drilling, well fluids, and cementing services for Kristin field in the Norwegian Sea.
08/09/2002 -- Dwindling stocks set to overtake OPEC oversupply
When will dwindling oil stocks and continuing OPEC overproduction cease to cancel each other out? That time may be at hand after OPEC's Sept. 18 meeting.
08/05/2002 -- US gas production flat in 2Q, expected to drop by yearend
Second quarter natural gas production estimates for the US range from a 0.1% increase to a 0.2% sequential decrease, compared with a 2.9% sequential decline in the first quarter from fourth quarter 2001, according to a Lehman Bros. survey result reported July 31.
08/02/2002 -- US drilling regains most of previous week's loss
US drilling activity rebounded from a 10-week low, with 848 rotary rigs working this week, 15 more than the previous week but well below the 1,200 units that were active during the same period last year, officials at Baker Hughes Inc. reported Friday.
08/02/2002 -- NY oil drilling ban moves forward
US Sens. Charles E. Schumer and Hillary Rodham Clinton (D-NY) said Thursday they are hopeful the full Senate will soon permanently ban oil and gas exploration and drilling in the 16,000-acre New York Finger Lakes National Forest.
07/26/2002 -- Texas flooding sinks US rig count to 10-week low
Flood waters that closed some Texas roadways helped sink US drilling activity to the lowest level in 10 weeks, down 26 rotary rigs to 833 units working this week.
07/25/2002 -- Wenchang oil field starts up in South China Sea
CNOOC Ltd. and Husky Energy Ltd., Calgary, produced first oil from the Wenchang offshore project in the South China Sea, where the first tanker is to call in mid-August.
07/23/2002 -- Atwood awarded two drilling contracts, rig upgrade
Atwood Oceanics Inc., Houston, has been awarded two new drilling contracts for its Atwood Southern Cross marine drilling rig.
07/23/2002 -- SCORE reflects softer global semisubmersible market
Houston-based GlobalSantaFe's worldwide Summary of Current Offshore Rig Economics (SCORE) for June 2002 was down from the previous month's SCORE by 1.3%.
07/23/2002 -- Operations resume at Suncor Energy's oil sands plant
Suncor Energy Inc. resumed operations at its Fort McMurray, Alta. oil sands plant 8 days after a maintenance shutdown July 11 reduced production rates by about 50% to 95,000 b/d.
07/23/2002 -- Williams commissions Canyon Station platform
Williams Field Services, a unit of Williams Cos. Inc., Tulsa, has commissioned its 500 MMcfd Canyon Station production-handling platform 60 miles south of Mobile Bay, Ala.
07/23/2002 -- DONG to develop Nini, Cecilie, operate Siri
The Danish Energy Authority has granted to Dansk Olie & Naturgas AS (DONG AS) and other licensees of Nini and Cecilie oil fields in the Danish North Sea authority to develop those fields.
07/19/2002 -- Central considerations
Better technology and a promising investment climate may translate into more industry interest in Nicaragua.
07/16/2002 -- Rosneft awarded Sakhalin V exploration license
OJSC NK Rosneft, on behalf of an alliance including BP PLC, has received a 5-year exploration license for part of Russia's Sakhalin V area off Sakhalin Island in Russia's Far East.
07/16/2002 -- Pioneer acquires SCR land rig, financing
Pioneer Drilling Co., San Antonio, has agreed to purchase an Oilwell 840E, 1,500 hp diesel electric rig from Drilling Structures International Inc. for $5.5 million
07/15/2002 -- Kerr-McGee to develop Red Hawk, create deepwater hub
Kerr-McGee Corp., Oklahoma City, has approved development of Red Hawk gas field in the deepwater Gulf of Mexico, which—at more than 5,300 ft deep—is its deepest-water development to date.

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Drilling Production 2002 P