RIGZONE Industry News

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=09Thursday January 10, 2002=09[IMAGE] =09=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] Congressional Panel Handing Ou=
t Subpoenas to Enron Fifty-one subpoenas seeking documents on the collapse=
of Enron Corp. will be issued on January 11, 2002 by the Senate's Permanen=
t Subcommittee on Investigations. [IMAGE] [IMAGE] Exploration [=
IMAGE] [IMAGE] [IMAGE] Novus Petroleum Hits in ! the Gulf of Mexi=
co The La Playa-1 well in the western Gulf of Mexico offshore Padre Island=
has discovered natural gas. Devon Hits Offshore Brazil Devon Energy has =
made a discovery in the shallow waters of Campos Basin offshore Brazil. Ha=
vsule Drilling Behind Schedule Bad weather and rough seas have delayed dri=
lling at BP's Havsule prospect in the Norwegian sector of the North Sea. M=
arabou-1 Comes Up Dry The Marabou-1 well offshore Western Australia has be=
en plugged and abandoned. [IMAGE] [IMAGE] Production [IMAGE] =
[IMAGE] [IMAGE] Petrobras Awards FMC $17 Million Contract FMC wil=
l provi! de Petrobras with three deepwater solutions with a contract value =
of approximately $17 million. [IMAGE] [IMAGE] Company & Financia=
l News [IMAGE] [IMAGE] [IMAGE] Torch Offshore Purchases Construct=
ion Vessel Torch Offshore has purchased a 520-foot vessel which it intend=
s to convert to a DP-2 offshore construction vessel and rename the Midnight=
Express. Anadarko Makes Top Management Changes Anadarko has promoted Joh=
n Seitz to the position of Chief Executive Officer. [IMAGE] [IMAGE] a=
dvertisement A National-Oilwell designed, 1992 built modular offshore dril=
ling rig is available for sale direct from the manufacturer. This rig dril=
led only 5 wells from the Draugen platform in the Norwegian sector of the N=
orth Sea. Click on the link below for full details, photos and seller cont=
act 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 bas=
is for the rumors that the company has filed for bankruptcy. MMS Approves =
Use of FPSOs In Gulf of Mexico The U.S. Minerals Management Service has ap=
proved the use of FPSO vessels in the central and western portions of the G=
ulf of Mexico. BP Scales Back Alaskan Operations BP has decided to downsi=
ze its staff in Anchorage and shelve its Liberty project at this time. Mar=
athon Acquires Interests in Equatorial Guinea Marathon has completed its a=
cquisition of CMS Energy's interests in Equatorial Guinea for $993 million.=
Nabors Changes Corporate Structure Nabors Industries B! oard of Director=
s has approved a plan to reorganize the company and change its place of inc=
orporation from Delaware to Bermuda. Kvaerner Receives Final Approval for =
Rescue Plan Kvaerner has received approval from the final group of lenders=
for the rescue plan that would merge Kvaerner and Aker Maritime. Prosafe =
Awarded FPSO Work Offshore Nigeria Prosafe has been awarded an eight-year =
contract for an FPSO to work on the Abo field offshore Nigeria by a consort=
ium led by Agip. 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. Marathon Begins Trading on NYSE Marathon O=
il! Corporation has begun trading on the New York Stock Exchange as a stand=
alone company following the separation of Marathon Group and U.S. Steel. H=
ouston Exploration Completes Acquisition Houston Exploration finalizes Sou=
th Texas property acquisition from Conoco for $69 million. SMOE Awarded No=
rth Sea Platform Contract SembCorp has been awarded a contract by Maersk f=
or the installation of a process deck and accommodation module in the North=
Sea. Newfield Makes Management Changes Newfield Exploration has made man=
agement changes in Australia and Anadarko Basin office locations. [IMAGE=
] [IMAGE] Upcoming Oil & Gas Industry Events [IMAGE] [IMAGE] =
[IMAGE] Jan. 22 Alliances and Partnering in Oil & Gas Singapore Fe=
b. 6 Torch Mid-Winter Energy Conference New York Feb. 7 Marine Con=
struction 2002 Houston Feb. 10 2002 SPE International Petroleum Confere=
nce & Exhibition in Mexico ! Villahermosa Feb. 26 2002 IADC/SPE Drillin=
g Conference and Exhibition Dallas Feb. 27 Human Resources in Oil & Ga=
s Aberdeen Mar. 10 AAPG Annual Meeting Houston Mar. 20 LNG North Am=
erica Houston Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhib=
ition Houston May. 6 Offshore Technology Conference 2002 Houston lis=
t your conference view upcoming events [IMAGE] [IMAGE] [IMAGE] [=
IMAGE] [IMAGE] INTEC Horizon Offshore Global Completion Service HoverDr=
il DataLog [IMAGE] [IMAGE] promote your company [IMAGE] [IMAGE]=
[IMAGE] Drilling Technology in Nontechnical Language [IMAGE] [IMAGE] N=
ontechnical Guide to Petroleum Geology, Exploration, Drilling, and Producti=
on, 2nd Ed. [IMAGE] [IMAGE] An Introduction to Marine Drilling [IMAGE] =
[IMAGE] [IMAGE] more products [IMAGE] [IMAGE] featured equipment:=
Cabot 250 Workover and Drilling Rig [IMAGE] National 1320-UE, National=
1320-M and Oilwell 840-E [IMAGE] [IMAGE] [IMAGE] more equipment =
[IMAGE] [IMAGE] featured jobs: - Safety Advisors - Proposal Specialis=
t Job Code 4391 - Paramedic, Safety Rep more hot jobs << featured can=
didates: - Experienced Procurement and Logistics Manager - Drilling & Com=
pletions Consultant - Mechanical Engineer search for candidates ! << [=
IMAGE] [IMAGE] [IMAGE] [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: 100.0% (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] [IM=
AGE] Light Crude Oil: $20.32/BBL (-1.98%) Brent Crude Oil: $20.85/BBL =
(-5.23%) Natural Gas: $2.25/MMBtu (-1.75%) Unleaded Gasolin! e: $0.58/ga=
l (-1.69%) prices from: 1/9/2002 change since: 1/8/2002 [IMAGE] [IMAG=
E] [IMAGE] =09[IMAGE]=09=09
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=09=09=09 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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