Shell Exploration (China) Ltd. will drill and test two wells on the Changbei block in the Ordos basin under an agreement with PetroChina Co.'s subsidiary Changqing Petroleum Exploration Bureau.
Sault Ste. Marie, Ontario, Canada, has signed an agreement under which Siderca will lease Algoma's seamless steel pipe manufacturing facilities, establishing Algoma Seamless Tubular, Inc.
After a presidential election that marks a major political and economic watershed, Taiwan is poised to make major changes in its energy policy, opening up the natural gas and power markets and reducing the role of the state-owned oil and gas monopoly Chinese Petroleum Corp. (CPC).
Taiwan's Ministry of Economic Affairs is working on a draft amendment that is expected to greatly relax restrictions on investment in mainland China by the island's upstream petrochemical makers.
The Organization of Petroleum Exporting Countries has signaled its intention to raise output levels from 10 of its member countries to 25.9 million b/d by the end of the month if world oil prices remained at "current levels."
Pittsburgh, Pa.-based integrated energy company Equitable Resources Inc. has appointed a new president to its Appalachian natural gas unit, which it has since relocated to Pittsburgh. The parent company also has named a chairman to its board.
Twelve oil pools in western Canada provide an insight into the likely range of ultimate recovery from horizontal wells in pools where all the necessary data for detailed study are unavailable.
Drilling in the US in 2000 is only slowly bouncing back from a low level in 1999.
Meanwhile, Canada is likely to enjoy a robust year with increase from 1999 in both gas and oil drilling.
