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Enron Mail |
=09=09=09[IMAGE]=09=09=09 =09Monday March 25, 2002=09iOTC =09=09=09=09 =09=09=09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=09=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=09=09 [IMAGE]=09=09 [IMAGE] [IMAGE] In This Issue [IMAGE] [IMAGE]= [IMAGE] Current Oil and Gas Industry News T! op Stories for the Pas= t 7 Days Featured Events and Conferences What's in Store - Books & More = Featured Employment Opportunities Surplus Oilfield Equipment For Sale Worl= dwide Offshore Rig Utilization Oil & Gas Prices [IMAGE] [IMAGE] = Industry Headlines [IMAGE] [IMAGE] PDVSA Employees and Governmen= t Meet At Negotiating Table Employees of PDVSA returned to work on Friday = as protesting company and government representatives worked to achieve a ne= gotiated solution. BP Cutting 500 North Sea Jobs BP said Friday that it w= ill cut 500 jobs, or about 16% of its employees located in the United Kingd= om. ! [IMAGE] [IMAGE] Landmark Graphics Releases SpecDecomp Landm= ark Graphics Corporation has released SpecDecomp(TM), a new, innovative res= ervoir imaging and interpretation technology solution. SpecDecomp provides = greater resolution of reservoir boundaries, heterogeneities and thickness t= han previously possible with traditional broadband seismic displays. For m= ore information click here . Exploration [IMAGE] [IMAGE] = [IMAGE] Pertamina May Give Partial Interest in Natuna to Petronas Perta= mi! na said it was ready to give up a 13% stake in Natuna D-Alpha natural g= as field to Petronas. Unocal Tests Giant Discovery Offshore Indonesia Uno= cal Corporation has successfully tested an appraisal well on the giant deep= water Gendalo-Gandang gas field complex offshore Indonesia. Apache Makes T= hree Discoveries Offshore Australia Apache Corporation announced three new= Flag Sandstone oil discoveries in the Carnarvon Basin offshore Western Aus= tralia. [IMAGE] [IMAGE] Production [IMAGE] [IMAGE] [IMA= GE] TotalFinaElf Puts Carina Gas Project on Hold TotalFinaElf has put dev= elopment of its Carina and Aries natural gas project off the southern coast= of Argentina on hold. Snohvit Development On Hold Statoil has been infor= med that the position between the Norwegian government and the Efta Surveil= lance Authority (ESA) on the Snohvit development in the Barents Sea remains= unclarified. Xihu Trough Development Project Starts Up CNOOC Limited ann= ounced that the development of Xihu Trough in the East China Sea has been i= naugurated. [IMAGE] [IMAGE] Company & Financial News [IMAGE] = [IMAGE] [IMAGE] Medco Energi Plans to Invest $314 Million In Oil Exp= loration PT Medco Energi said it will spend $314 million by the end of 200= 3 for oil exploration, drilling and acquisitions. Spinnaker Exploration To= Sel! l 5 Million Shares Spinnaker Exploration Company intends to publicly= offer and sell 5,000,000 newly issued shares of its common stock. Remingt= on Issues 3 Million Shares Remington Oil and Gas Corporation has issued th= ree million shares of its common stock in an offering consummated after the= close of the market on March 21, 2002. Apache Changes Independent Auditor= s Apache Corporation has filed its 2001 10-K with the Securities and Excha= nge Commission. The company has also started searching for a new independen= t auditing firm for 2002 to replace Arthur Andersen. [IMAGE] [IMAGE] = Last 7 Days Top Stories [IMAGE] [IMAGE] [IMAGE] Halliburton = May Divide Into Separate Business U! nits Halliburton Co. may separate int= o two independent subsidiaries by midyear. Murphy Awards Front Runner Cont= ract Murphy has awarded a contract to J. Ray McDermott to construct a Flo= ating Production System for the Front Runner Project. Hugo Chavez Could Or= der Army to Run PDVSA Venezuelan President Hugo Chavez said on Sunday he w= ould order the armed forces to take over PDVSA if protesting executives and= employees tried to halt the company's operations through a strike action. = Ocean Rig Sells Two Baredecks to Noble Drilling Ocean Rig has agreed to s= ell its two baredeck hulls to Noble Drilling for US $45 million. Noble Dri= lling Purchases Two Semisubmersibles Noble D! rilling has agreed to purcha= se two semisubmersible drilling rigs, the Transocean 96 and Transocean 97 f= or $31 million in cash. Kerr-McGee Increases 2002 Budget by 15% Kerr-McGe= e Corp. has increased its capital budget for exploration and production dev= elopment projects by 15%, or $120 million, to approximately $900 million. = Brazil To Fund New Exploration Research ANP has over $430 million designat= ed for research in Brazil, including the gathering of geological data and s= eismic prospecting which is normally handled by Petrobras. Spinnaker Highe= r Bidder of 40 GOM Blocks Spinnaker participated in a total of 56 bid subm= issions, second most by industry for OCS Sale #182. Unocal Adds to GOM Acr= ! eage Unocal was apparent high bidder for interests in 18 blocks in the C= entral Gulf of Mexico OCS Lease Sale No. 182. Kerr-McGee Scores with Navaj= o Kerr-McGee Corp. announced three oil and gas discoveries on separate fa= ult blocks at the Navajo field in its core East Breaks area of the deepwate= r Gulf of Mexico. Santos To Acquire Esenjay Exploration Santos and Esenja= y Exploration have entered into a definitive merger agreement. PanCanadian= and AEC Get Green Light AEC and PanCanadian announced that the waiting pe= riod under the Hart-Scott-Rodino Antitrust Act ended on March 18, 2002, wit= hout inquiry by the U.S. Federal Trade Commission or the U.S. Department of= Justice. [IMAGE] [IMAGE] Upcoming Oil & Gas Industry Events [IM= AGE] [IMAGE] [IMAGE] Apr. 2 e-Business in the E?Industry - Ta= rgeting the Value Houston Apr. 7 CORROSION/2002 Denver Apr. 8 Wea= therman's Classic Charity Golf Tournament Houston Apr. 9 2002 SPE/ICoT= A Coiled Tubing Conference and Exhibition Houston May. 1 Nigeria Oil &= Gas 2002 London May. 6 Offshore Technology Conference 2002 Houston M= ay. 13 Introduction to the Petroleum Industry Houston May. 21 Oil an= d Gas in the Gulf of Guinea London Jun. 23 Ocean Mechanics and Arctic E= ngineering 2002 Oslo Aug. 27 ONS 2002 Conference and Exhibition Stavan= ger list your conference view upcoming events [IMAGE]! [IMAGE] =09= [IMAGE]=09 [IMAGE] [IMAGE] Click here to go to! Baker Hughes AADE Hori= zon Offshore HoverDril [IMAGE] [IMAGE] promote your company [IM= AGE] [IMAGE] [IMAGE] Environmental Challenges Confronting the Oil Industr= y [IMAGE] [IMAGE] Elements of Petroleum Processing [IMAGE] [IMAGE] Geos= tatistics: Modeling Spatial Uncertainty [IMAGE] [IMAGE] [IMAGE] more = products [IMAGE] [IMAGE] featured equipment: National 110 M [IMAGE] = IRI 550 Series Drilling Rig [IMAGE] [IMAGE] [IMAGE] more equipment= [IMAGE] [IMAGE] featured jobs: - Health&Safety Specialist I - Reg= ional Manager - North Sea Operations - Manager-Preventive Maintenance Stan= dards more hot jobs << featured candidates: - Procurement Specialist /= Project Engineer - M.S. Student in Petroleum Engineering - Field Servic= e Engineer/Subsea Engineer search for candidates << [IMAGE] [IMAGE] = [IMAGE] [IMAGE] Drillships: To 5000': 57.1% (8/14) +5000': 96.0% = (24/25) Semisubs: 2nd Gen: 62.5% (45/72) 3rd Gen: 86.0% (43/50) 4th G= en: 94.7% (36/38) 5th Gen: 85.7% (6/7) Jackups: To 200': 56.1% (37= /66) 200' MC: 45.8% (11/24) 200' MS: 19.0% (4/21) 300' IC: 88.5% (85/= 96) +300' IC: 94.4% (51/54) Severe Env.: 81.0% (17/21) [IMAGE] [IMAG= E] view complete utilization report [IMAGE] [IMAGE] Light Crude Oil= : $25.35/BBL (-0.78%) Brent Crude Oil: $25.36/BBL (-0.24%) Natural Gas:= $3.26/MMBtu (-3.26%) Unleaded Gasoline: $0.80/gal (-2.44%) prices from= : 3/22/2002 change since: 3/21/2002 [IMAGE] [IMAGE] =09[IMAGE]=09 [IMAGE][IMAGE] Promotional Opportunities Become a Sponsor, feature your job opening or, a= dvertise your upcoming industry conference. Click here for more informat= ion, send your press release to info@rigzone.com or call us at 281-345-40= 40. Member Services If you no longer wish to receive this newsletter, you= may unsubscribe by clicking here or by logging in to Rigzone and updating= your profile. You can also change the format you receive (HTML or Text) = and your email address by logging in and updating your account. Click her= e to log in . =09 [IMAGE]
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