More Oil Field Drilling News

IADC: MMS's Burton cites delay in deep-drilling royalty relief for existing offshore leases

Sep 27, 2002 The royalty-relief incentives for new leases that the US Minerals Management Service had granted for Gulf of Mexico deep drilling have successfully spurred exploration and development drilling.

Irian Jaya

Oct 4, 2002 PT Medco Energi International Tbk, Jakarta, agreed to acquire as much as an 80% working interest in and operatorship of the 11,600 sq km Rombebai block in Indonesia from Ramu International LLC, Denver.

Industry assessing damages in wake of Hurricane Lili

Oct 4, 2002 Oil and gas companies operating in the Gulf of Mexico and along the Gulf Coast areas of Louisiana, Texas, and Alabama were surveying facilities for damage in the wake of Hurricane Lili.

Market watch: Oil futures prices decline as markets reduce 'war premium'

Oct 7, 2002 Prices for oil and petroleum products declined as markets reduced the "war premium" in the face of growing indications of the US's inability to launch an immediate military campaign against Iraq.

US drilling activity dips by 8 rigs to 849

Oct 11, 2002 US drilling activity fell again this week, down 8 rotary rigs with 849 still working, officials at Houston-based Baker Hughes Inc. reported Friday.

Newfoundland & Labrador

Oct 15, 2002 Deer Lake Oil and Gas Inc., St. John's, set intermediate casing at 490 m at its Western Adventure-2 wildcat in the Deer Lake basin in western Newfoundland.

US drilling activity dips by 6 rigs to 843

Oct 18, 2002 US drilling activity fell again this week, down 6 rotary rigs with 843 still working, officials at Houston-based Baker Hughes Inc. reported Friday.

Deepwater experience, strategy shift drive efforts to optimize deep-shelf drilling

Oct 21, 2002 Mike Sprawls
Unocal Corp.
Drilling Manager,
US Gulf Region & Deepwater Drilling Departments

"We have to step off this treadmill (on the shallow-water Gulf of Mexico shelf), spend some time understanding the deep shelf plays, and then put a program together to go after these things."

Canary Islands

Oct 21, 2002 An exploration group is gearing up to acquire a 3,000 sq km 3D seismic survey in 2003 that will represent the first exploration in the Fustercasas-Hesperides basin off northwestern Africa.

GOM production, repairs continue in wake of 2 storms

Oct 22, 2002 The back-to-back impact of Hurricane Lili and Tropical Storm Isidore in the central Gulf of Mexico a week apart forced the shut in of 14.4 million bbl of oil and 88.9 bcf of natural gas production.

North Louisiana

Oct 22, 2002 Anadarko Petroleum Corp. is pressing activity in and around giant Vernon gas field in Jackson Parish.

Natural gas interests warn FERC not to exacerbate fragile energy markets

Oct 29, 2002 Natural gas trade groups urged FERC to be mindful that energy markets and the financial community need "appropriate" price signals to ensure that gas infrastructure will be built to meet future demand.

US drilling activity falls to 26-week low

Nov 8, 2002 US drilling activity dropped to the lowest level in 26 weeks with 826 rotary rigs working, down 28 from the previous week and well below the 1,010 units drilling during the same period a year ago.

US drilling activity rebounds slightly

Nov 15, 2002 S drilling activity this week climbed by 4 rigs to a total of 830 compared with 993 units that were drilling during the same period a year ago, Baker Hughes Inc. officials reported Friday.

Mexico

Nov 19, 2002 Pride International Inc. said the Pride Nebraska and Pride Alaska have commenced operations in the Bay of Campeche.

Market Connection

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

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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