-- 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.
-- Central considerations Better technology and a promising investment climate may translate into more industry interest in Nicaragua.
-- 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.
-- 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
-- US land drilling activity registers small increase US drilling activity barely increased this week, up just 2 units to 840 rotary rigs in various phases of the drilling process and down sharply from 1,275 during the same period last year.
-- KIO to invest $3.5 billion at Karachaganak by 2003 Karachaganak Integrated Organization (KIO) said it will invest $3.5 billion in a project to develop Karachaganak gas condensate field in Kazakhstan, Russia's Interfax news agency reported.
-- US drilling declines for fourth straight week US drilling activity dipped again for the fourth consecutive week, down 6 rotary rigs to 838 compared with 1,277 during the same period a year ago, officials at Baker Hughes Inc. reported Friday.