-- 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.
-- 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.
-- 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.
-- US drilling dips slightly US drilling activity dipped slightly with 1,169 rotary rigs working this week, down 3 from the previous week but up from 1,059 a year ago, said officials Friday at Baker Hughes Inc.
-- Vintage completes An Nagyah #7 well in Yemen, plans pipeline, processing plant Vintage Petroleum Inc., Tulsa, has completed drilling the An Nagyah #7 appraisal well in Yemen in the S-1 Damis block to continue evaluation of the subsalt Upper Lam formation. Vintage plans seven Yemen wells in 2004 and will design and construct a pipeline and processing facility at An Nagyah by early second quarter 2005.