RIGZONE Industry News

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=09Wednesday January 9, 2002=09[IMAGE] =09=09
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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] BP Scales Back Alaskan Operati=
ons BP has decided to downsize its staff in Anchorage and shelve its Liber=
ty project at this time. Collision Near Sleipner B Platform Averted Emerg=
ency measures were put into action when two fishing trawlers were seen head=
ed for the unmanned Sleipner B platform. [IMAGE] ! [IMAGE] Explo=
ration [IMAGE] [IMAGE] [IMAGE] ! Ocean Energy Increases Acreage O=
ffshore Angola Ocean Energy acquires 35% interest in Block 10 offshore Ang=
ola and will serve as operator. Malaysia, Indonesia & Vietnam Enter Joint =
Venture The national oil companies of Malaysia, Indonesia and Vietnam hav=
e signed a joint venture agreement to explore for oil offshore Vietnam. Ap=
ache Hits Again in Egypt Apache has completed the Khepri Well in Egypt's W=
estern Desert. The well tested at 29.5 million cubic feet of gas and 220 b=
arrels of condensate per day. PGS Takes Interest in Varg Field PGS purch=
ases Norsk Hydro's 42% share in License PL038 in the Norwegian sector of th=
e North Sea. [IMAGE] [IMAGE] Production [IMAGE] [IMAGE] =
[IMAGE] PetroChina and Shell Sign Gas Pipeline Deal PetroChina and Shel=
l have entered into a preliminary agreement for an $18 billion East/West Ch=
ina pipeline project. KNOC To Ink Deal with PetroVietnam KNOC is hoping t=
o sign an agreement with PetroVietnam to receive gas from the Rong Doi fiel=
d. Jacobs Joins NAM Consortium Jacobs Engineering has been awarded formal=
approval to become a member of the NAM Consortium. [IMAGE] Com=
pany & Financial News [IMAGE] [IMAGE] [IMAGE] Kerr-McGee Announce=
s 2002 Capital Budget Kerr-McGee to allocate $310 million of its 2002 expl=
oration and production budget for the North Sea. Northern Offshore Announc=
es Organizational Changes Northern Offshore has moved its corporate office=
s from Norway to Bermuda. Landmark Opens New Office in Anchorage Landmark=
Graphics has opened a new technical assistance support office in Anchorage=
, Alaska. EEX's 2001 Operations Review EEX summarizes its 2001 U.S. and i=
nternational operations activities. [IMAGE] [IMAGE] advertisement A =
National-Oilwell designed, 1992 built modular offshore drilling rig is avai=
lable for sale direct from the manufacturer. This rig drilled only 5 wells=
from the Draugen platform in the Norwegian sector of the North Sea. Click=
on the link below for full details, photos and seller contact information:=
http://www.rigzone.com/market/surplus_listing.asp?eq_id=3D397 =
Last 7 Days Top Stories [IMAGE] [IMAGE] [IMAGE] Halliburton Says=
the Rumors Are Not True Halliburton says there is no basis for the rumors=
that the company has filed for bankruptcy. MMS Approves Use of FPSOs In G=
ulf of Mexico The U.S. Minerals Management Service has approved the use of=
FPSO vessels in the central and western portions of the Gulf of Mexico. K=
vaerner Receives Final Approval for Rescue Plan Kvaerner has received appr=
oval from the final group of lenders for the rescue plan that would merge K=
vaerner and Aker Maritime. Nabors Changes Corporate Structure Nabors Indu=
stries Board of Directors has approved a plan to reorganize the company and=
change its place of incorporation from Delaware to Bermuda. Prosafe Award=
ed FPSO Work Offshore Nigeria Prosafe has been awarded an eight-year contr=
act for an FPSO to work on the Abo field offshore Nigeria by a consortium l=
ed by Agip. Marathon Acquires Interests in Equatorial Guinea Marathon has=
completed its acquisition of CMS Energy's interests in Equatorial Guinea f=
or $993 million. FMC Corporation Spins Off FMC Technologies FMC Corporati=
on has distributed all of its remaining shares in FMC Technologies making i=
t a fully independent company. SMOE Awarded North Sea Platform Contract S=
embCorp has been awarded a contract by Maersk for the installation of a pro=
cess deck and accommodation module in the North Sea. Marathon Begin! s Tra=
ding on NYSE Marathon Oil Corporation has begun trading on the New York St=
ock Exchange as a standalone company following the separation of Marathon G=
roup and U.S. Steel. Unocal Increases Production Offshore Thailand Unocal=
Thailand has plans to double the crude output in the Gulf of Thailand this=
year as part of a six-year development plan. Newfield Makes Management Ch=
anges Newfield Exploration has made management changes in Australia and An=
adarko Basin office locations. Houston Exploration Completes Acquisition =
Houston Exploration finalizes South Texas property acquisition from Conoco =
for $69 million. [IMAGE] [IMAGE] Upcoming Oil & Gas Industry Eve=
nts [IMAGE] [IMAGE] [IMAGE] Jan. 22 Alliances and Partnering i=
n Oil & Gas Singapore Feb. 6 Torch Mid-Winter Energy Conference New =
York Feb. 7 Marine Construction 2002 Houston Feb. 10 2002 SPE Inter=
national Petroleum Co! nference & Exhibition in Mexico Villahermosa Feb. 2=
6 2002 IADC/SPE Drilling Conference and Exhibition Dallas Feb. 27 H=
uman Resources in Oil & Gas Aberdeen Mar. 10 AAPG Annual Meeting Houst=
on Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhibition Houst=
on May. 6 Offshore Technology Conference 2002 Houston Aug. 27 ONS 2=
002 Conference and Exhibition Stavanger list your conference view upcomi=
ng events [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] INTEC Horizon=
Offshore Global Completion Service HoverDril DataLog [IMAGE] [IMAGE=
] promote your company [IMAGE] [IMAGE] [IMAGE] Managing the Offsho=
re Installation Workforce [IMAGE] [IMAGE] Accident Prevention Reference G=
uide [IMAGE] [IMAGE] Safety and Security at Sea [IMAGE] [IMAGE] [IMAG=
E] more products [IMAGE] [IMAGE] featured equipment: Nat! ional 132=
0-UE, National 1320-M and Oilwell 840-E [IMAGE] Dreco 1000 UE Land Rigs=
[IMAGE] [IMAGE] [IMAGE] more equipment [IMAGE] [IMAGE] featu=
red jobs: - Senior Operations Manager - Contract Manager - Senior Pip=
eline Engineer more hot jobs << featured candidates: - Petroleum En=
gineer - Drilling & Production - Operations Coordinator - Well Rounded =
Petroleum Engineer search for candidates << [IMAGE] [IMAGE] [IMAG=
E] [IMAGE] Drillships: To 5000': 50.0% (7/14) +5000': 100.0% (25/25)=
Semisubs: 2nd Gen: 67.1% (49/73) 3rd Gen: 82.0% (41/50) 4th Gen: 1=
00.0% (38/38) 5th Gen: 100.0% (7/7) Jackups: To 200': 56.7% (38/67) =
200' MC: 54.2% (13/24) 200' MS: 14.3% (3/21) 300' IC: 87.5% (84/96) +=
300' IC: 88.9% (48/54) Severe Env.: 81.0% (17/21) [IMAGE] [IMAGE] =
view complete utilization report [IMAGE] [IMAGE] Light Crude Oil: $2=
0.73/BBL (-3.49%) Brent Crude Oil: $22.00/BBL (0.14%) Natural Gas: $2.2=
9/MMBtu (-29.32%) Unleaded Gasoline: $0.59/gal (3.51%) prices from: 1/8=
/2002 change since: 1/7/2002 [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IM=
AGE] Promotional Opportunities Become a Sponsor, feature your job ope=
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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