-----Original Message-----
From: newsletter@rigzone.com [mailto:newsletter@rigzone.com]
Sent: Monday, March 04, 2002 5:18 PM
To: scorman@enron.com
Subject: RIGZONE Industry News
Tuesday
March 5, 2002 iOTC
Current Oil and Gas Industry News
T! op Stories for the Past 7 Days
Featured Events and Conferences
What's in Store - Books & More
Featured Employment Opportunities
Surplus Oilfield Equipment For Sale
Worldwide Offshore Rig Utilization
Oil & Gas Prices
Industry Headlines
PDVSA Workers Continue Protests
PDVSA workers continued protests over the appointment of the new board of directors of the Venezuela's oil company.
TotalFina Elf Shuts In Wells Due to Gas Blowout
TotalFinaElf has begun efforts to stop the flow of natural gas and regain control of a well which erupted Friday afternoon during drilling operations in East Kalimant! an.
Mobile MapWorks Plus
Logica announces the release of its map-based field solutions offering, Mobile MapWorks Plus. This map-based field solution suite provides an innovative approach to mobile computing that addresses the many field requirements of energy and utility companies. For more information click here
Exploration
Bligh Spuds Well Offshore China
Bligh Oil & Minerals ! reports that the Wei 6-12-1 well spudded on March 1, 2002 by the CNOOC Services Ltd. jackup, Nanhai IV.
OMV Begins Exploration in Pakistan
OMV will begin exploration of a new gas field in Pakistan in the next few weeks.
Production
FMC Awarded $16 Million Brazilian Subsea Contract
FMC Energy Systems business has been awarded contracts valued at $16 million to supply subsea production solutions for Petrobras and Halliburton KBR offshore Brazil.
ATP Announces Record Breaking Proved Reserves
ATP Oil & Gas Corporation announced 235 billion cubic feet equivalent (Bcfe) as its total estimated proved oil and gas reserves as of December 31,! 2001.
Halliburton Performs First Downhole Well Testing Using ATS
Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry System (ATS(TM)) for Gaz de France, off the coast of the Netherlands.
Company & Financial News
Weatherford and Shell Accelerate Expandable Technology Development
Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology.
Reliance Industries Merger Creates India's Largest Integrated Oil Company
Reliance Industries has approved a merger with Reliance Petroleum to create the country's first fully integrated oil and pet! rochemicals major.
Greka To Restructure and Sell E&P Assets
Greka Energy Corporation announced that it is restructuring its business to focus on the Company's integration of its Central California operations.
ExxonMobil's Hoover Diana Project to be Honored at OTC 2002
ExxonMobil's Hoover Diana project has received the prestigious Distinguished Achievement Award for Companies, Organizations and Institutions from the Offshore Technology Conference.
PetroQuest Sells Valentine Field
PetroQuest Energy, Inc. has sold its interest in Valentine Field to an undisclosed purchaser for $18.6 million.
Resume of Marc Babineaux
Mr. Marc Babineaux is available for assignment as a full-time, permanent employee or on a contract basis. Mr. Babineaux is a deepwater driling consultant with 20 years experience. He has most recently worked in the Gulf of Mexico on exploration projects in 3,500 to 7,700 feet of water. Click here
Last 7 Days Top Stories
Senior Management Positions Announced by ConocoPhillips
Phillips Petroleum Company and Conoco have named the initial members of the ConocoP! hillips global management team that will take office after the completion of their proposed merger of equals.
Enterprise Oil scraps Llano Floating Production Unit Plan
EEX Corp's floating production unit being considered to develop the Gulf of Mexico Garden Banks Llano field has been scrapped.
Helmerich/Payne Announces Spin Off
Helmerich & Payne Inc.will spin off its oil and gas production operations into a separate company named Cimarex Energy Co.
Schlumberger Makes Management Changes
Schlumberger Oilfield Services has appointed Andrew Gould to the post of President and COO.
K2 Energy Corp. Announced Major Shallow Gas Pools to be Developed
K2 Energy Corp. announced reverse! circulation drilling technology yielded gas flows 57% to 100% higher than rotary air drilled wells.
Shallow-Water Malaysia Development Announced by Murphy Oil
Murphy Oil Corporation is pleased to announce it has completed a three well exploration and appraisal drilling program offshore Sarawak, Malaysia.
Shortfall Has Egypt Seeking To Delay Paying Foreign Gas Producers
Egypt, facing a $2.5 billion current account shortfall since September 11, wants to delay payments to foreign companies producing gas for local consumption.
Akom Oil Discovery Offshore Equatorial Guinea reported by Amerada Hess
Amerada Hess Corporation reported another oil discovery offshore Equatorial Guinea on Block G in the Rio Muni Basin.
Hornbeck-Leevac Reports 2001 Results
Hornbeck-Leevac Marine Services, Inc. announced that revenues for the quarter ended December 31, 2001 increased 117.0 percent to $21.7 million compared to $10.0 million for the same quarter in 2000.
Canadian Natural Resources West Africa Test Well Comes In
Canadian Natural Resources Limited announces that its wholly owned subsidiary in Cote d'Ivoire, has successfully appraised the Baobab oil discovery in deepwater offshore block CI-40.
Tidewater Takes Delivery of Supply Vessels
Tidewater has taken delivery of two supply vessels. Both vessels entered the fleet with contracts in hand.
Nabors Industries Buys Enserco Energy Service Co.
Nabors Industries Inc. announced it will buy Enserco Energy Service Co. for more than $252 million.
Upcoming Oil & Gas Industry Events
Mar. 10 AAPG Annual Meeting
Mar. 17 Oil Field Chemistry Symposium - 13th International
Mar. 20 LNG North America
Apr. 2 e-Business in the E&P Industry - Targeting the Value
Apr. 7 CORROSION/2002
Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhibition
May. 1 Nigeria Oil & Gas 2002!
May. 6 Offshore Technology Conference 2002
May. 21 Oil and Gas in the Gulf of Guinea
Jun. 23 Ocean Mechanics and Arctic Engineering 2002
list your conference
INTEC
HoverDril
Ocean International
promote your company
Contact Directory 2001 on CD
World Deepwater Atlas
Anchor Handling Tugs and Supply Vessels of the World, 8th Ed.
more products
Dreco 1000 UE Land Rigs
Skytop Brewster Workover Rig
more equipment
- Mud Logging Geologist
- FPSO Operations Superintendent
- Offshore Compressor Mechanic
more hot jobs >>
featured candidates:
- BEng, CEng, MSc Project Management
- Well Testing / Underbalanced Drilling Supervisor
- Drilling Consultant
search for candidates >>
To ! 5000': 57.1% (8/14)
+5000': 96.0% (24/25)
Semisubs:
2nd Gen: 70.8% (51/72)
3rd Gen: 82.0% (41/50)
4th Gen: 97.4% (37/38)
5th Gen: 85.7% (6/7)
Jackups:
To 200': 55.2% (37/67)
200' MC: 41.7% (10/24)
200' MS: 14.3% (3/21)
300' IC: 90.6% (87/96)
+300' IC: 94.4% (51/54)
Severe Env.: 85.7% (18/21)
view complete utilization report
(0.89%)
Brent Crude Oil: $21.93/BBL
(0.18%)
Natural Gas: $2.49/MMBtu
(5.96%)
Unleaded Gasoline: $0.71/gal
(1.43%)
prices from: 3/4/2002
change since: 3/1/2002
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