Enron Mail

From:newsletter@rigzone.com
To:alewis@enron.com
Subject:RIGZONE Industry News
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Date:Wed, 30 Jan 2002 15:07:56 -0800 (PST)


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=09Thursday January 31, 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] OPEC Expects To Increase Marke=
t Domination OPEC's oil production and its domination of the oil market ar=
e expected to increase gradually over the next two decades, with the group'=
s output rising to more than 50% of global oil demand by 2020, a recent OPE=
C study says. BP Could Cut Jobs in the North Sea BP is considering cuttin=
g some of its 3,600 Aberdeen-based ! workforce in a bid to control rising c=
osts. [IMAGE] [IMAGE] advertisement Welcome to the world of Thuraya,=
where communication knows no boundaries. Thuraya provides mobile satellite=
telephony to 99 countries throughout Europe, North and Central Africa, the=
Middle East, Central Asia and the Indian Sub-continent. With a combination=
of cellular and satellite phone capabilities bolstered by GPS and data fea=
tures, Thuraya provides the total communications solution you've been looki=
ng for. Click for more... Exploration [IMAGE] [IMAGE] =
[IMAGE] Guyana and Suriname Discuss Exploration Project The leaders of G=
uyana and Suriname are discussing a joint venture for oil and gas explorati=
on. Amerada Hess Hits Offshore Equatorial Guinea Amerada Hess Corporation=
reported that it has made another significant oil discovery offshore Equat=
orial Guinea in the Rio Muni Basin. Pertamina Bidding for Devon Indonesia =
Assets Pertamina is ready to submit a bid to acquire Devon Energy's local =
assets. [IMAGE] [IMAGE] Production [IMAGE] [IMAGE] [IMA=
GE] ExxonMobil Inks Deal To Supply Qatari Gas ExxonMobil Middle East Gas =
Marketing Limited, the Kuwait Petroleum Corporation and Qatar Petroleum hav=
e outlined key co! mmercial terms for the sale of Qatari Gas to Kuwait. St=
atoil Buys Polish LPG Company Statoil's subsidiary Statoil Polska has boug=
ht the Polish LPG company Duwe Gaz. [IMAGE] [IMAGE] Company & Fi=
nancial News [IMAGE] [IMAGE] [IMAGE] BP and E.ON Go Ahead with Ve=
ba Deal BP announced that it has agreed with E.ON to go ahead with its pla=
n to acquire a majority stake in Veba Oil with effect from February 1. PG=
S and BP Form Alliance Petroleum Geo-Services announced that its Data Proc=
essing division, in close cooperation with its Research division, has secur=
ed a Geophysical Technology Alliance with BP through the Gulf of Suez Petro=
leum Company (GUPCO). Honeywell Lands Belanak Contract Honeywell Industry=
Solutions has been selected as the automation supplier for the Belanak oil=
field development project in Indonesia. [IMAGE] [IMAGE] advertiseme=
nt Mark your calender! On Wednesday, February 6th, access to Rigzone's =
premium Gulf of Mexico Drilling Permit and Plans database will be open to a=
ll rigzone members and website visitors. Additionally, HR managers and Ind=
ustry recruiters will have unlimited free access to the Rigzone Career Cent=
er. Take a test drive, we think you will like what you find. Las=
t 7 Days Top Stories [IMAGE] [IMAGE] [IMAGE] Kvaerner Awarded Es=
cravos FEED Contract Kvaerner has been awarded the FEED work for the Escra=
vos Gas Project Phase 3 by NNPC/Chevron. Conoco Sets Budget for 2002 Cono=
co to spend the majority of its $2.8 billion dollar budget on upstream oper=
ations in 2002. Court Rules on Offshore Injury Case United States Fifth C=
ircuit Court of Appeals decides that wireline perforation used in drilling =
and capping wells is not "ultrahazardous". Kvaerner To Open New Umbilicals=
Facility Kvaerner has decided to invest NOK 100 million in a new umbilica=
ls production facility for the subsea segment of the oil and gas industry i=
n the Gulf of Mexico or Houston area. AEC and! PanCanadian Confirms Merger=
Plans Alberta Energy Company and PanCanadian join forces in a "merger of =
equals" that will create one of North America's largest independent energy =
companies. Marathon Makes Discovery in Alaska Marathon oil has made a sig=
nificant discovery on its Ninilchik Prospect located approximately 35 miles=
south of Kenai, Alaska. Trident Appraisal Well Successful Unocal Corpora=
tion said that it continues to be encouraged after successfully completing =
the first appraisal well at the Trident deepwater Gulf of Mexico discovery =
in Alaminos Canyon Block 903. Nabors Industries Has Record Year Nabors In=
dustries Inc. said its fourth-quarter earnings rose slightly even though No=
rth American natural gas drilling slowed down as a res! ult of lower gas pr=
ices. Meridian Acquires Additional Acreage in Louisiana The Meridian Res=
ource Corporation recently closed on the purchase of a major land rights po=
sition covering over 190,000 acres located in the Company's focus area of s=
outh Louisiana. Petro-Canada Acquires Veba Assets Petro-Canada announced =
that it has agreed to acquire the international oil and gas operations of V=
eba Oil & Gas Gmbh from Veba and BP p.l.c. for a price of Cdn $3.2 billion =
in cash. Unocal Replaces 222% of 2001 Production Unocal Corporation said=
it replaced 222 percent of its worldwide crude oil and natural gas product=
ion during 2001 with new proved reserves. Technip Coflexip Lands Brunei De=
velopment Project Technip-Coflexip has recently been awarded a contract by=
Brunei Shell Petroleum Co. for its Egret Phase 1 Gas Development Project, =
offshore Brunei. [IMAGE] [IMAGE] Upcoming Oil & Gas Industry Eve=
nts [IMAGE] [IMAGE] [IMAGE] [IMAGE] Feb. 6 Torch Mid-Winter Ener=
gy Conference New York Feb. 7 Marine Construction 2002 Houston =
Feb. 10 2002 SPE International Petroleum Conference & Exhibition in Mexi=
co Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference and Exhibitio=
n Dallas Feb. 26 Offshore Oil and Gas Safety Seminars Aberdeen Feb=
. 27 Human Resources in Oil & Gas Aberdeen Mar. 10 AAPG Annual Me=
eting Houston Mar. 20 LNG North America Houston Apr. 9 2002 =
SPE/ICoTA Coiled Tubing Conference and Exhibition Houston May. 6 Of=
fshore Technology Conference 2002 Houston list your conference view u=
pcoming events [IMAGE] [IMAGE] [IMAGE] [IMAGE] Baker Hughes AAD=
E Horizon Offshore Global Completion Service HoverDril [IMAGE] [IMAG=
E] promote your company [IMAGE] [IMAGE] [IMAGE] Offshore - Oil Emp=
loyment Package [IMAGE] [IMAGE] South East Asia Oil and Gas Activity and =
Concession Map, 2000 Ed. [IMAGE] [IMAGE] Oil & Gas Map of Southeast Asia =
[IMAGE] [IMAGE] [IMAGE] more products [IMAGE] [IMAGE] [IMAGE] =
featured equipment: National 110 M [IMAGE] Maritime Hydraulics Iron Rou=
ghneck [IMAGE] [IMAGE] [IMAGE] more equipment [IMAGE] [IMAGE] =
featured jobs: - Field Service Technician - First Captain: Crew Vess=
el - Naval Architect more hot jobs << featured candidates: - Senior I=
nstrument Technician - P! roject Engineer Control and Instrumentation - L=
ead Construction, QA/QC & Commissioning Mgt. 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: 8=
6.0% (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) 30=
0' IC: 86.5% (83/96) +300' IC: 92.6% (50/54) Severe Env.: 90.5% (19/2=
1) [IMAGE] [IMAGE] view complete utilization report [IMAGE] [IMAG=
E] Light Crude Oil: $19.12/BBL (4.25%) Brent Crude Oil: $18.77/BBL (-2=
.34%) Natural Gas: $2.11/MMBtu (5.50%) Unleaded Gasoline: $0.55/gal (-1=
.79%) prices from: 1/30/2002 change since: 1/29/2002 [IMAGE] [IMAGE] =
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