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Drilling Production 2003 P

  • 11/04/2003 -- POINT OF VIEW: Vintage CEO George seeking geographic balance
    Vintage Petroleum Inc.CEO, Pres. S. Craig George "Most US independents seemingly do not have the same level of interest in projects abroad that they did 5 years ago. At this point in time, it seems the investment community has a narrow focus on North American gas."
  • 11/03/2003 -- Ziff: GOM shelf operating costs increasing sharply with production declines
    Operating costs are increasing for producing fields on the Gulf of Mexico Outer Continental Shelf while shallow-water shelf production continues to decline, said Ziff Energy Group.
  • 11/03/2003 -- Moody's: Kyoto ratification to have limited effect on Alberta oil sands
    Canada's ratification of the Kyoto Protocol on Climate Change is expected to have minimal effect on the development of Alberta's oil sands resources, the New York-based Moody's Investors Service said.
  • 10/28/2003 -- EIA: US proved oil and gas reserves increase for 4th consecutive year
    US proved reserves of natural gas and crude oil have increased for the fourth consecutive year, the US Energy Information Administration reported.
  • 10/23/2003 -- WELLBORE POSITIONING-1: Determining positional inaccuracies in directionally drilled wells
    Calculated wellbore position may be erroneous in more than half the horizonal wells drilled during the past 15 years, according to the results of an ongoing industry study of continuous vs. staionary survey measurements.
  • 10/23/2003 -- Sawan field dedicated in Pakistan
    Governor Ishratul Ebad of Pakistan's Sindh Province formerly inaugurated Sawan gas field and plant in the Khairpur district of Sindh Province Wednesday.
  • 10/22/2003 -- Pemex receives technical bids from Brazil, Mexico, Japan consortium for Cuervito block in Burgos basin
    Mexico's national oil and gas company Petróleos Mexicanos (Pemex) reported that a Brazilian-Mexican-Japanese consortium submitted a technical proposal Wednesday in response to its tender for development of the Cuervito block in the Burgos basin of northeastern Mexico.
  • 10/21/2003 -- Statoil brings Vigdis into production
    Statoil SA reported Tuesday it has begun production 2 months early from Vigdis field which it tied back to its existing Snorre A platform facilities in the North Sea. The extension eventually will recover about 50 million bbl of oil from Vigdis field.
  • 10/20/2003 -- France's E&D spending seen to triple from low point
    Exploration and development investment should improve markedly this year in France after sliding to a low point in 2002.
  • 10/17/2003 -- Taxes to access
    There's a lot US oil and natural gas producers like about the pending comprehensive energy bill before the US Congress. Both the House and Senate bills include what the Independent Petroleum Association of America calls "producer provisions" that range from taxes to access.
  • 10/14/2003 -- Canadian Oil Sands production forecast revised due to coker's unscheduled maintenance
    Calgary-based Canadian Oil Sands Trust, managed by Canadian Oil Sands Ltd., has revised downward its predicted 2003 syncrude production range to 78-90 million bbl from 81-83 million bbl due to unscheduled maintenance work requiring a complete turnaround at the Syncrude Joint Venture's oil sands facility at Fort McMurray, Alta. Syncrude Canada Ltd. operates the facility.
  • 10/10/2003 -- US rig count hits 2-year high
    After bouncing back and forth at 1,091-1,095 units for the past 5 weeks, the US rig count jumped to 1,109 this week, the highest level since the same period in 2001 when there were 1,141 rotary rigs working, officials at Baker Hughes Inc. reported Friday.
  • 10/10/2003 -- Custom graphs help analyze oil, gas operations
    The generation of custom graphs with Microsoft Excel enables an engineer or analyst to plot untransformed data for gaining an understanding of problems related to oil and gas operations.
  • 10/09/2003 -- US House passes tar sands leasing bill
    The US House of Representatives Wednesday passed by voice vote an oil industry-supported measure sponsored by Rep. Chris Cannon (R-Utah) that aims to remove regulatory uncertainty surrounding tar sands leasing on federal lands.
  • 10/07/2003 -- Oil shale development proposed near Hudson Bay, Sask.
    Uranium Power Corp. reached agreement with Western Petrochemicals Corp. to earn a 60% interest in the Pasquia Hills oil shale joint venture in the next 4 years. Both are Calgary firms.
  • 10/06/2003 -- Ziff: Western Canada field costs continue climbing
    Western Canada's operating costs at oil and natural gas fields continue to rise, meaning that reducing operating costs is the quickest value lever for producers, said Ziff Energy Group, Calgary.
  • 10/06/2003 -- US gas drilling, production surge no threat to prices
    At what point does drilling for natural gas become the driving factor in gas markets? Let's set aside the issues of weather and storage that have dominated discussion of gas markets in recent months. Market-watchers now are turning their attention to a continuing rise in the Baker Hughes Inc. count of active rotary rigs—especially those drilling for gas. And there are preliminary reports of a slight uptick in US production this year.
  • 10/03/2003 -- Gulf of Mexico demand down by 5 offshore rigs this week
    The number of mobile offshore rigs under contract in the US sector of the Gulf of Mexico fell by 5 this week to a total of 120 out of the 171 units available for work, dropping the fleet utilization rate to 70.2% in those waters, said officials Friday at ODS-Petrodata, Houston.
  • 10/03/2003 -- Refuge management
    The Department of the Interior's US Fish and Wildlife Service (FWS) needs to better manage oil and natural gas activities within its national wildlife refuge system, the General Accounting Office said recently.
  • 10/03/2003 -- Interventionless actuated completions reduce risks, costs
    Operators can reduce costs and risks involved in completing wells by using pressure-pulse communication, absolute well pressure, or a hydromechanical valve to set wellbore packers.

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