More Oil Field Drilling News

SCORE reflects softer global semisubmersible market

Jul 23, 2002 Houston-based GlobalSantaFe's worldwide Summary of Current Offshore Rig Economics (SCORE) for June 2002 was down from the previous month's SCORE by 1.3%.

Texas flooding sinks US rig count to 10-week low

Jul 26, 2002 Flood waters that closed some Texas roadways helped sink US drilling activity to the lowest level in 10 weeks, down 26 rotary rigs to 833 units working this week.

Croatia

Aug 5, 2002 The Agip unit of Italy's state ENI SPA and Croatia's state-owned INA Group plan to develop more gas discoveries in the northern Adriatic Sea and start production at yearend 2004.

Appalachian

Aug 7, 2002 Penn Virginia Corp. and CDX Gas LLC, Dallas, will explore for and develop coalbed methane and Devonian shale on a 16,000 sq mile area of mutual interest in an unspecified area or areas of Central Appalachia.

Texas

Aug 8, 2002 Vintage Petroleum Inc., Tulsa, plans to start a multiwell drilling program in fourth quarter 2002 aimed at gas in low-permeability Devonian carbonates in the Val Verde basin (OGJ, Feb. 11, 2002, p. 40).

Vision Technologies to buy Halter Marine for $66 million

Aug 13, 2002 Alexandria, Va.-based Vision Technologies Kinetics Inc. (VTK) has reported that it will acquire Halter Marine Inc. from Friede Goldman Halter Inc. of Gulfport, Miss., for $66 million.

Bolivia

Aug 15, 2002 Orca Petroleum Inc., Calgary, acquired with YPFB approval, a 12.5% working interest in the Villamontes Block in southern Bolivia for $287,500 and is seeking other oil investments in the country.

US drilling activity undergoes another small growth spurt

Sep 6, 2002 US drilling activity continued its recent pattern of increasing in small spurts, up 4 rotary rigs this week with a total 851 working, said officials at Baker Hughes Inc., Houston.

Uncertainty clouds offshore drilling industry outlook for 2003

Sep 9, 2002 "There will be a small but steady growth in overall offshore rig demand in coming months, with North America jack ups accounting for the bulk of the increase," said Tom Kellock, senior research analyst.

UK North Sea

Sep 11, 2002 A joint venture led by RWE Dea UK Ltd. was awarded Block 42/27 in 55 m of water during the 20th round of offshore licensing in the UK North Sea.

US rig count increases to third highest level seen this year

Sep 13, 2002 US drilling activity increased this week with 863 rotary rigs working, up 12 from the previous week for the largest rig count since Jan. 18 and the third largest weekly tally this year.

US Senate calls on Interior to retire California offshore leases

Sep 16, 2002 Following related House action earlier this summer, the US Senate unanimously approved a measure that seeks to prohibit new drilling activity on 36 undeveloped federal oil and gas leases.

Newfoundland and Labrador

Sep 20, 2002 Husky Energy Inc., Calgary, said two exploration wells south of White Rose oil field on the Grand Banks will help with its future exploration strategy but declined to refer to them as discoveries.

Trinidad & Tobago

Sep 20, 2002 Trinidad Exploration & Development Ltd. is exploring for oil on the 45,000 sq km onshore and offshore Southwest Peninsula block southwest of Point Fortin.

SCORE reflects weakening semisubmersible market

Sep 23, 2002 Houston-based GlobalSantaFe Corp.'s worldwide Summary of Current Offshore Rig Economics (SCORE) for August was down from the previous month's SCORE by 4.5%.

Market Connection

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Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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