Drilling Production 2004 P

05/27/2004 -- Petrobras halts oil, gas production from Brasil FPSO in Roncador field
Petróleo Brasileiro SA (Petrobras) reported that it has halted oil and natural gas production late Tuesday from the Brasil floating production, storage, and offloading vessel operating in Roncador field off Brazil.
05/24/2004 -- Apache, ExxonMobil agree to jointly explore for deep natural gas
ExxonMobil Corp. and Apache Corp., Houston, Monday announced that Apache agreed to pay $385 million for interest in part of ExxonMobil's stake in mature producing oil and gas fields in the US and Canada.
05/21/2004 -- Alberta oil sands project partners award gas turbine supply contract
Joint venture partners Nexen Inc. and OPTI Canada Ltd., both of Calgary, awarded a contract to GE Energy, a division of General Electric Co., Atlanta, for the supply of gas turbines for the JV's Long Lake oil sands project in Alberta.
05/20/2004 -- Raymond James: US gas production continues to slide
Despite a 20% increase in US drilling activity since April 2003, overall US gas production continues to drop, said St. Petersburg, Fla.-based Raymond James & Associates Inc. in a survey report released Monday.
05/18/2004 -- UHC seeks million bbl of oil recovery with nitrogen injection in Texas
United Heritage Corp. subsidiary, UHC Petroleum Corp., Cleburne, Tex., is preparing to inject nitrogen into its Val Verde basin leases in Texas to recover a greater portion of the lease's estimated 168 million bbl of oil in place.
05/18/2004 -- Qatar Petroleum awards Anadarko Block 4 off Qatar
Anadarko Petroleum Corp. unit Anadarko Qatar Block 4 Co., Doha, has signed a production-sharing agreement with Qatar Petroleum Co. (QP) for oil and gas exploration on QP's Block 4 off Qatar.
05/18/2004 -- KeySpan, Ferus start up new liquid CO2 plant at Rimbey, Alta
KeySpan Energy Canada and Ferus Gas Industries Trust, both of Calgary, have opened a $12.4 million (Can.), jointly owned carbon dioxide liquefaction facility adjacent to the KeySpan operated Rimbey gas plant in central Alberta.
05/17/2004 -- Shell, JV partners start oil, gas production from Llano field in Gulf of Mexico
Shell Exploration & Production Co. and its joint venture partners have brought oil and natural gas on production from Llano field on Garden Banks blocks 385 and 386 in the deepwater Gulf of Mexico.
05/14/2004 -- US drilling rebounds to highest level this year
US drilling activity rebounded with the biggest weekly rig count so far this year and the largest number of rotary rigs working in more than 2 ½ years.
05/14/2004 -- Virtual system provides reliable multiphase metering from Malampaya wells
Operational experience shows that virtual metering of multiphase flow from subea wells in the Malampaya project has been cost-effective, accurate, and reliable.
05/14/2004 -- Global outlays for FPSs to exceed $8 billion/year, analyst says
Over the next 5 years, about 120 floating production systems (FPSs) are to be installed worldwide, involving capital expenditures of about $32 billion, according to a report released May 5 by analyst Douglas-Westwood Ltd. at the Offshore Technology Conference in Houston.
05/13/2004 -- Paladin confirms Montrose field extension in North Sea
Paladin Expro Ltd., a unit of London-based Paladin Resources PLC and licensee of Montrose field in the North Sea since May 2003, has proved up a significant northwest extension of the field with its recently completed 22/17-2 well.
05/13/2004 -- Statoil, Norsk Hydro charter Eirik Raude rig for Barents Sea project
Statoil ASA and Norsk Hydro ASA have chartered Ocean Rig ASA's Eirik Raude semisubmersible to drill three exploration wells in the Barents Sea.
05/12/2004 -- PetroKazakhstan hikes gas use, flirts with enhanced oil recovery
PetroKazakhstan Inc., Calgary, is turning part of its attention to maximizing gas utilization and evaluating enhanced oil recovery on its properties in west-central Kazakhstan's Turgai basin.
05/11/2004 -- Parker Drilling announces drilling contracts in Mexico
Petroleos Mexicanos (Pemex), the state-owned oil company of Mexico, awarded contracts involving five rigs from Parker Drilling Co., Houston, for land drilling services in southern Mexico.
05/11/2004 -- Vanco Group spuds first deepwater exploration well off Morocco
Houston-based Vanco Energy Co., operator of the Ras Tafelney exploration permit off Morocco, on May 4 spudded the country's first deepwater exploration well, the Shark B-1 well about 130 km off Morocco.
05/10/2004 -- S&P: Offshore drilling's poor ROCE in past decade turning around
Although return on capital employed (ROCE) has been poor during the last decade for the eight largest offshore drilling companies, that situation is turning around now, said oilfield services and drilling equity analyst John Kartsonas, in a newly released report by Standard & Poor's Equity Research Services.
05/10/2004 -- Gas price risk mainly upside
The fundamental drivers of US natural gas prices are pointing increasingly to sustained higher levels in the near term as well as the long term.
05/07/2004 -- US drilling activity continues near 31-month high
US drilling activity continued to seesaw at a 31-month high level, down by 8 rotary rigs to 1,153 working this week, compared with 1,021 during the same period a year ago, Baker Hughes Inc. reported Friday.
05/06/2004 -- DTI details plans for implementing EOR in North Sea
The UK is urging North Sea developers, electric-power generators, and oil producers to implement a plan for capturing and sequestering carbon dioxide in oil fields.

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Drilling Production 2004 P