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Drilling Production 2003 P2

  • 01/03/2003 -- US drilling activity hits new year slump
    US drilling activity slumped into the new year, down 25 rotary rigs to 837 working this week, officials at Baker Hughes Inc. reported Friday.
  • 01/07/2003 -- BP awards Bureau Veritas Plutonio FPSO classification
    BP Exploration (Angola) has awarded a contract for classification and verification of its planned Plutonio floating production, storage, and offloading vessel to international classification and certification society Bureau Veritas.
  • 01/07/2003 -- Analyst calls drilling slump "normal" for January
    The rig count dropped going into January from December just as it has for each of the last 55 years, noted Banc of America Securities LLC analyst James K. Wicklund.
  • 01/10/2003 -- US drilling activity increases by 14 rigs
    US drilling activity increased this week, adding 14 rotary rigs for a total of 851 working, officials at Baker Hughes Inc. reported Friday.
  • 01/10/2003 -- IMF updates
    The International Monetary Fund recently scrutinized the economies of two key oil exporters, Nigeria and Kuwait. Both governments, like most other members of the Organization of Petroleum Exporting Countries, rely heavily on petroleum export revenue.
  • 01/13/2003 -- Iran's Balal oil field starts production
    Iran's offshore Balal oil field came on stream, following a $310 million development program led by TotalFinaElf SA.
  • 01/14/2003 -- TrueNorth defers Fort Hills oil sands project development
    TrueNorth Energy Corp., Calgary, has deferred development of its Fort Hills oil sands project 90 km north of Fort McMurray, Alta., citing escalating costs in general and market uncertainty.
  • 01/17/2003 -- Week of Jan. 12 turning point for oil markets
    The week of Jan. 12 could prove to be a crucial turning point in world oil markets for 2003--and perhaps for a long time to come.
  • 01/17/2003 -- Petrobras: Coral field production imminent, Caravela Sul tests complete
    Brazilian state oil company Petroleo Brasieiro SA (Petrobras) is near first oil production at Coral field and has upgraded reserves at the Caravela Sul discovery, both on Block BS-3 in the Santos basin.
  • 01/17/2003 -- Canadian drilling jumps again as US drops 5 units
    Canadian drilling activity continued to soar this week. After adding 100 rigs last week to 444, another 76 rigs started drilling this week for a total of 520 working.
  • 01/20/2003 -- Interior solicits comment on NPR-A leasing options
    US oil and gas companies may get more leasing opportunities in the NPRA under a series of proposals being reviewed by the Department of the Interior's Bureau of Land Management.
  • 01/21/2003 -- Second deepwater gas find reported off eastern India
    An Indian and a Canadian operator have gauged another deepwater gas discovery on Block D6 in the Krishna-Godavari basin off eastern India.
  • 01/21/2003 -- Flare leak shuts down Åsgard B briefly
    Statoil ASA shut down production Jan. 19 on Åsgard B gas platform in the Norwegian Sea because of damage to the flare system, the company said.
  • 01/24/2003 -- SCORE: Drilling activity remains depressed in Gulf of Mexico
    Worldwide drilling markets ended on a sluggish note last year with the December worldwide SCORE up 2.9% from the month before.
  • 01/28/2003 -- Montana's Sen. Burns: Domestic production cornerstone of US energy policy
    Deputy Majority Whip Sen. Conrad Burns"I remain committed to using our domestic resources wisely for additional energy production and to making sure any energy bill I take part in focuses on domestic production as a cornerstone of national energy security."
  • 02/03/2003 -- Robert B. Riley: Operating BP Trinidad & Tobago a 'world-scale business'
    BP Trinidad & Tobago LLC CEO Robert B. Riley"Within the BP (PLC) group globally, Trinidad and Tobago has overtaken Alaska to become the group's third-largest producing business on the basis of barrels of oil equivalent. Consider this in the context that BP is the world's fifth largest energy business, and you would understand more clearly that we are in fact operating a world-scale business in Trinidad and Tobago."
  • 02/03/2003 -- US natural gas production decline expected for sixth consecutive quarter
    Raymond James & Associates Inc. said its pre-reporting fourth quarter 2002 US natural gas production survey suggests a sixth consecutive quarterly decline, analyst Marshall Adkins said.
  • 02/04/2003 -- Brazil plans incentives for platform construction
    The new Brazilian government plans to offer low-priced credit, subsidies, and other incentives to allow local contractors to bid competitively on offshore oil platforms and other Petrobras projects.
  • 02/04/2003 -- Cost overrun dispute resolved between Statoil, Fred Olsen Energy unit
    Statoil ASA and Dolphin AS said Monday they have reached an amicable solution to a dispute over responsibility for cost overruns in connection with modifications to a converted drilling rig.
  • 02/05/2003 -- Brazil's Coral field starts production
    Brazilian state oil company Petroleo Brasierio SA (Petrobras) has started oil production at Coral field on Block BS-3 in the Santos basin off Brazil, said partner Coplex Petroleo do Brasil Ltda. (Coplex Brasil), a unit of Naftex Energy Corp., Vancouver, BC.

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