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Exploration Development 2003 P
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03/17/2003 -- Senate ANWR advocates pressing forward although opponents optimistic
The Senate this week is slated to vote on a budget resolution that would essentially allow the Bush administration to lease a portion of the Arctic National Wildlife Refuge. -
03/17/2003 -- Ireland approves development plan for Seven Heads gas field in Celtic Sea
Ireland government officials have approved a development plan for the Seven Heads gas field in the Celtic Sea, and Ramco Energy PLC, London, said gas deliveries are expected before Dec. 31. -
03/17/2003 -- BP to drill third well on Block 31 off Angola
BP Exploration (Angola) Ltd. plans to drill another well, Saturno, on ultradeepwater Block 31 off Angola before the end of March, a source told OGJ. -
03/14/2003 -- Iraqi oil policy: present and future perspectives
Meaningful discussion of Iraqi oil industry and policy options depends on a number of factors. -
03/11/2003 -- Funding approved for development of milestone Trinidad oil find
BHP Billiton Petroleum Pty. Ltd. and partners announced plans to develop their oil and gas discovery in the Greater Angostura structure made in 2001 on Block 2c off Trinidad's eastern coast. -
03/11/2003 -- Interoil Corp. to spud well in Papua New Guinea
InterOil Corp., a Canadian company with corporate headquarters in The Woodlands, Tex., said that a drilling rig to be used to drill the Moose prospect has arrived in Papua New Guinea. -
03/11/2003 -- Unocal to develop Moulavi Bazar gas field in Bangladesh
Two Unocal Corp. subsidiaries propose to develop Moulavi Bazar natural gas field, on Block 14 in the northeast district of Sylhet in Bangladesh. -
03/10/2003 -- Thai Shell subsidiary cuts 2003 spending
Royal Dutch/Shell Group cut back spending for its oil development project in Thailand this year by nearly 12% from 2002's level, company officials said. -
03/10/2003 -- East Timor, Australia give nod to Timor Sea projects
Australian officials and the newly independent East Timor have signed the Timor Sea Treaty which covers natural gas to be produced from Bayu-Undan field in the Joint Petroleum Development Area. -
03/07/2003 -- Platform en route to Elf Nigeria's Amenam, Kpono fields
Fabrication is complete on Elf Petroleum Nigeria Ltd.'s 12,125 tonne Amenam-Kpono AMP1 production platform, en route on its 7,360-mile journey from J. Ray McDermott SA's Jebel Ali fabrication facility in Dubai to Amenam field 19 miles off Nigeria. -
03/07/2003 -- LEAN ENERGY MANAGEMENT-1: Lean energy management required for economic ultradeepwater development
Conversion to lean energy management will be required to ensure economic development in ultradeepwater regions. -
03/07/2003 -- Vienna basin discovery identifies 4.5 million boe in place
OMV AG, Vienna, has discovered an oil and gas field in the Vienna basin that it described as Austria's largest find in 25 years. -
03/04/2003 -- Occidental discovers oil beneath Permian basin Anton-Irish Clearfork field
Occidental Petroleum Corp. announced a wildcat discovery in the Wolfcamp formation in its Anton-Irish Clearfork field 15 miles northwest of Lubbock in Hale and Lamb counties. -
03/04/2003 -- Western Australia
Rocky Mountain Minerals Inc., Prescott, Ariz., has acquired 25% interest in two petroleum exploration permits, WA-322-P and WA-329-P, in the highly productive Northwest Shelf area of the Carnarvon basin. -
03/03/2003 -- Unocal Thai unit outlines development plans for Gulf of Thailand properties
The Thai unit of Unocal Corp., Unocal Thailand Ltd., and its partners said they have earmarked nearly $300 million for natural gas development in the Gulf of Thailand in a bid to sustain production. This amount is slightly less than what was spent by the group to complete the development of North Pailin gas field (OGJ Online, July 8, 2002). -
03/03/2003 -- MADAGASCAR DEEPWATER2: How new seismic data show basin off western Madagascar
New seismic data acquired with a 6,600-m cable show substantial improvement in quality compared to the historic data. -
02/28/2003 -- Oil price collapse around corner? Not likely
The mind reels: $40/bbl oil looms on the horizon, natural gas futures top $11/Mcf, heating oil futures set a record above $1.15/gal, and odds grow that gasoline prices will hit a record in the spring. Yet oil and gas companies still sit on their budgets, and investors continue to snub the universe of petroleum-related stocks. What gives? -
02/26/2003 -- Turkmenistan hopes to broaden 2002 oil, gas production increases
Turkmenistan's oil and gas production climbed in 2002, and the country hopes to repeat the performance this year, said the Ministry of Oil & Gas Industry & Mineral Resources in Ashgabat. -
02/25/2003 -- El Paso plans more drilling on Brazilian discovery
El Paso Corp.'s Brazilian subsidiary found oil and gas on the BM-Cal-4 block in the Camamu basin off Bahia state in northeastern Brazil. -
02/25/2003 -- Chesapeake's McClendon: Leveraging volatility key to unlocking long-lived gas reserves value
Chesapeake Chairman, CEO Aubrey K. McClendon"We love volatility. We think gas price volatility is good. We think excessive volatility is even better."
