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Drilling Production 2008 P5

  • 02/18/2008 -- Petrobras lets contract for P-57 FPSO unit
    Petrobras reported signing a $1.195 billion turnkey contract for the construction of the P-57 FPSO unit with Single Buoy Moorings.
  • 02/19/2008 -- BPZ Energy working to restart oil production off Peru
    BPZ Energy expects to restart production of its 21XD and 14D wells in Corvina field off Peru within 3 weeks. The wells were shut in following an accident involving a BPZ-chartered tanker.
  • 02/25/2008 -- US drilling dips; Canada increases
    US drilling activity dipped lower during the week ending Feb. 22 with 1,771 rotary rigs working, said Baker Hughes Inc.
  • 02/26/2008 -- Neptune Marine to buy, reactivate semi
    Neptune Marine Oil & Gas Ltd., Nicosia, has agreed to buy the Atlantic Venture semisubmersible drilling rig, former Sedco 708, and plans to reactivate it.
  • 02/27/2008 -- Aramco lets contract for Tarzan-class rig
    Saudi Aramco has let a 3-year drilling contract to Rowan Cos. Inc. for offshore work starting in the second quarter.
  • 02/28/2008 -- Total subsidiary orders superlarge FPSO
    Elf Petroleum Nigeria has awarded Hyundai Heavy Industries a turnkey project to build a superlarge FPSO vessel valued at $1.6 billion.
  • 02/29/2008 -- US drilling slips 8 units
    US drilling activity slipped to 1,763 rotary rigs the week ended Feb. 29, 8 less than the previous week but up from 1,752 during the same period last year, said Baker Hughes.
  • 03/03/2008 -- Transneft to start ESPO export terminal this month
    Russia's state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company officials.
  • 03/03/2008 -- Yemen to raise oil production by 2010
    Yemen plans to increase its oil production to 500,000 b/d by 2010 from the current 317,000 b/d, according to the country's oil minister, Khaled Bahah.
  • 03/04/2008 -- Pemex to boost output in declining Cantarell field
    Average output at Mexico's Cantarell oil field will decline by as much as 20% this year as the field matures, a Petroleos Mexicanos executive reported.
  • 03/04/2008 -- Sakhalin-2 partners seeking swifter financing
    Sakhalin-2 gas and oil project parterns have reported they are no longer seeking loans from the US Ex-Im Bank or the UK's Export Credits Guarantee Department due to possible delays on loan decisions.
  • 03/06/2008 -- Indian firms in talks to secure Canadian oil sands stake
    In an attempt to secure oil supplies for its refineries and strengthen India's energy security, state-owned IOC said it is looking to acquire equity stakes in oil sands blocks in Canada.
  • 03/10/2008 -- US rig count increases by 39 units
    US drilling climbed to an 11-week high with an increase of 39 rotary rigs to 1,802 working this week, up from 1,757 during the same period in 2007, Baker Hughes Inc. reported.
  • 03/12/2008 -- Pakistan firm signs rig deal
    Petroleum Exploration (Pvt.) Ltd., operator, signed a long-term contract with Weatherford Drilling International for a new National Oilwell Varco 1,500-hp IDEAL drilling rig.
  • 03/13/2008 -- StatoilHydro extends drilling contracts
    StatoilHydro signed separate drilling contract extensions with KCA Deutag Drilling Norge, Seawell Norge, and Odfjell Drilling.
  • 03/14/2008 -- UK Chancellor changes decommissioning tax rules
    North Sea operators are welcoming tax changes by the UK Chancellor that aim to extend the life of marginal oil fields.
  • 03/14/2008 -- US rig count slumps by 10 units
    US drilling dipped by 10 rotary rigs to 1,792 drilling this week, up from 1,740 during the same period a year ago.
  • 03/18/2008 -- IEA: Non-OPEC output decline rates lower than believed
    The combined production decline rate for countries outside OPEC is steadier and less steep than is generally believed, according to IEA.
  • 03/19/2008 -- TPAO producing gas from Ayazli field
    Operator Turkish Petroleum has begun producing natural gas from Ayazli gas field in the Black Sea off Turkey, reported partner Stratic Energy.
  • 03/21/2008 -- 'You talk about the price of oil – yeah, it's high'
    President George W. Bush, following his Mar. 14 address to the Economic Club of New York, as part of a response to a question about oil and other rising prices.

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