Enron Mail

From:newsletter@rigzone.com
To:alewis@enron.com
Subject:RIGZONE Industry News
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Date:Thu, 31 Jan 2002 14:57:01 -0800 (PST)


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=09Friday February 1, 2002=09[IMAGE] =09=09=09
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[IMAGE]=09=09home | news | search | maps | data | jobs | =
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[IMAGE]=09=09 [IMAGE] [IMAGE] In This Issue [IMAGE] [IMAGE] =
[IMAGE] 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 World=
wide Offshore Rig Utilization Oil & Gas Prices [IMAGE] [IMAGE] I=
ndustry Headlines [IMAGE] [IMAGE] South Africa Opens Up Deepwate=
r Acreage Petroleum Geo-Services ASA and Petroleum Agency SA have announce=
d a joint co-operation agreement to promote deepwater exploration acreage o=
ffshore South Africa. [IMAGE] [IMAGE] advertisement Welcome to the w=
orld of Thuraya, where communication knows no boundaries. Thuraya provides =
mobile satellite telephony to 99 countries throughout Europe, North and Cen=
tral Africa, the Middle East, Central Asia and the Indian Sub-continent. Wi=
th a combination of cellular and satellite phone capabilities bolstered by =
GPS and data features, Thuraya provides the total communications solution y=
ou've been looking for. Click for more... Exploration [IMAGE] =
[IMAGE] [IMAGE] McMoRan Successful at Mound Point #2 Well This w=
ell confirms McMoRan's exploration concept for the Mound Point area which i=
s one of the largest geologic structures in the shallow waters offshore Lou=
isiana. [IMAGE] [IMAGE] Production [IMAGE] [IMAGE] [IMA=
GE] Allseas Awarded Engineering Contract by Burlington Burlington Resourc=
es has awarded a 55 million pound engineering contract in its Rivers Fields=
natural gas venture in the Irish Sea. Phillips Norway Solicits Bids for =
Ekofisk Work Phillips has decided to solicit bids for the modification wor=
k in the Ekofisk Area. Petronas-led Consortium Bids for Sumatra-Singapore =
Pipeline A Petronas-led consorti! um has submitted a bid for a stake in th=
e $500 million Sumatra-Singapore natural gas pipeline. DONG and POGC Reaff=
irm Pipeline Commitment Today, DONG and the Polish gas company, POGC, have=
signed a protocol about the further co-operation regarding the establishme=
nt of a gas pipeline, BalticPipe, between Denmark and Poland. Statoil Deve=
lops Different Approach To Seismic Logging Statoil has developed technolog=
y for the use of electromagnetic waves in the search for oil and gas. [I=
MAGE] [IMAGE] Company & Financial News [IMAGE] [IMAGE] [IM=
AGE] Noble Drilling Reports 2001 Results Noble Drilling Corp. said its fo=
urth-quarter earnings rose as income from international markets sta! yed ab=
ove year-earlier levels, offsetting a downturn in drilling in the Gulf of M=
exico. Anadarko Plans to Spend $2 Billion in 2002 Anadarko Petroleum Corp=
oration said that its board of directors has approved an initial capital sp=
ending budget of $2 billion for 2002 this is down from the $3.3 billion app=
roved for 2001. PGS - Veritas Merger Receives Approval from UK Government =
The Office of Fair Trading has approved the Petroleum Geo-Services ASA and=
Veritas DGC merger. Patterson-UTI Energy Announces Record Year Patterson=
-UTI acheives records results in 2001 and credits this to the merger that t=
ook place earlier this year. Gulf Marine Wins Matterhorn TLP Topsides Proj=
ect Technip! -Coflexip Group announced that Atlantia Offshore Limited has =
awarded Gulf Marine Fabricators a fabrication contract for the Matterhorn d=
ry-tree TLP topsides facility and foundation piles. Bouygues and Saipem Wi=
n Algerian Development Project Bouygues Offshore and Saipem have won a tur=
nkey contract for an oilfield development project in Algeria valued at US $=
257 million. [IMAGE] [IMAGE] advertisement Mark your calender! On =
Wednesday, February 6th, access to Rigzone's premium Gulf of Mexico Drilli=
ng Permit and Plans database will be open to all rigzone members and websit=
e visitors. Additionally, HR managers and Industry recruiters will have un=
limited free access to the Rigzone Career Center. Take a test drive, we th=
ink you will like what you find. Last 7 Days Top Stories [IMAGE] =
[IMAGE] [IMAGE] Conoco Sets Budget for 2002 Conoco to spend the =
majority of its $2.8 billion dollar budget on upstream operations in 2002. =
Court Rules on Offshore Injury Case United States Fifth Circuit Court of =
Appeals decides that wireline perforation used in drilling and capping well=
s is not "ultrahazardous". Kvaerner To Open New Umbilicals Facility Kvaer=
ner has decided to invest NOK 100 million in a new umbilicals production fa=
cility for the subsea segment of the oil and gas industry in the Gulf of Me=
xico or Houston area. AEC and PanCanadian Confirms Merger Plans Alberta E=
nergy Company and PanCanadian join forces in a "merger of equals" that will=
create one of North America's largest independent energy companies. BP Co=
uld Cut Jobs in the North Sea BP is considering cutting some of its 3,600 A=
berdeen-based workforce in a bid to control rising costs. Trident Appraisa=
l Well Successful Unocal Corporation said that it continues to be encourag=
ed after successfully completing the first appraisal well at the Trident de=
epwater Gulf of Mexico discovery in Alaminos Canyon Block 903. Nabors Indu=
stries Has Record Year Nabors Industries Inc. said its fourth-quarter earn=
ings rose slightly even though North American natural gas drilling slowed d=
own as a result of lower gas prices. Petro-Canada Acquires Veba Assets P=
etro-Canada announced that it has agreed to acquire the international oil a=
nd gas operations of Veba Oil & Gas Gmbh from Veba and BP p.l.c. for a pric=
e of Cdn $3.2 billion in cash. Technip Coflexip Lands Brunei Development =
Project Technip-Coflexip has recently been awarded a contract by Brunei Sh=
ell Petroleum Co. for its Egret Phase 1 Gas Development Project, offshore B=
runei. OPEC Expects To Increase Market Domination OPEC's oil production a=
nd its domination of the oil market are expected to increase gradually over=
the next two decades, with the group's output rising to more than 50% of g=
lobal oil demand by 2020, a recent OPEC study says. Amerada Hess Hits Offs=
hore Equatorial Guinea Amerada Hess Corporation reported that it has made =
another significant oil discovery offshore Equatorial Guinea in the Rio Mun=
i Basin. Woodside Hits with Enfield-4 Appraisal Well Woodside Petroleum =
Ltd said its Enfield-4 appraisal well offshore Western Australia had found =
oil. [IMAGE] [IMAGE] Upcoming Oil & Gas Industry Events [IMAGE] =
[IMAGE] [IMAGE] Feb. 6 Torch Mid-Winter Energy Conference Ne=
w York Feb. 7 Marine Construction 2002 Houston Feb. 10 2002 SPE Int=
ernational Petroleum Conference & Exhibition in Mexico Villa! hermosa Feb.=
26 2002 IADC/SPE Drilling Conference and Exhibition Dallas Feb. 26 =
Offshore Oil and Gas Safety Seminars Aberdeen Feb. 27 Human Resources =
in Oil & Gas Aberdeen Mar. 10 AAPG Annual Meeting Houston Mar. 17 O=
il Field Chemistry Symposium - 13th International Geilo Mar. 20 LNG Nor=
th America Houston Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and =
Exhibition Houston list your conference view upcoming events [IMAGE] =
[IMAGE] [IMAGE] [IMAGE] [IMAGE] Click here to go to Baker Hughes A=
ADE HoverDril [IMAGE] [IMAGE] promote your compan! [IMAGE] [IM=
AGE] [IMAGE] Offshore Field Development Guide - Mediterranean, Middle Eas=
t, Africa [IMAGE] [IMAGE] Topside Construction Wallchart [IMAGE] [IMAGE]=
Guidelines for Marine Operations [IMAGE] [IMAGE] [IMAGE] more produ=
cts [IMAGE] [IMAGE] [IMAGE] featured equipment: National 1320-M [I=
MAGE] Dreco 1000 UE Land Rigs [IMAGE] [IMAGE] [IMAGE] more equipm=
ent [IMAGE] [IMAGE] featured jobs: - Account Rep - Business Develop=
ment - Process Engineer - Well Site Geologist more hot jobs << featur=
ed candidates: - Senior Contract Administrator - Senior Materials Coordin=
ator - Wellsite Supervisor search for candidates << [IMAGE] [IMAGE] =
[IMAGE] [IMAGE] Drillships: To 5000': 50.0% (7/14) +5000': 96.0%=
(24/25) Semisubs: 2nd Gen: 69.9% (51/73) 3rd Gen: 86.0% (43/50) 4th =
Gen: 97.4% (37/38) 5th Gen: ! 100.0% (7/7) Jackups: To 200': 53.7% =
(36/67) 200' MC: 58.3% (14/24) 200' MS: 14.3% (3/21) 300' IC: 88.5% (=
85/! 96) +300' IC: 92.6% (50/54) Severe Env.: 90.5% (19/21) [IMAGE] =
[IMAGE] view complete utilization report [IMAGE] [IMAGE] Light Crud=
e Oil: $19.88/BBL (3.97%) Brent Crude Oil: $19.18/BBL (2.18%) Natural G=
as: $2.16/MMBtu (2.37%) Unleaded Gasoline: $0.55/gal (0.00%) prices fro=
m: 1/31/2002 change since: 1/30/2002 [IMAGE] [IMAGE] [IMAGE] =09[IM=
AGE]=09=09
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ning or, advertise your upcoming industry conference. Click here for mor=
e information, send your press release to info@rigzone.com or call us at =
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