RIGZONE Industry News

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=09Monday January 21, 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] Kerr-McGee Sells Ecuadorian As=
sets Kerr-McGee has agreed to sell two oil lease concessions and its stake=
in a pipeline project in Ecuador to Perenco. CNOOC Acquires Repsol-YPF's =
Indonesian Assets CNOOC has acquired Repsol-YPF's Indonesian assets for US=
$585 million in cash. This acquisition will make CNOOC the largest offsoh=
re oil producer in Indonesia. [IMAGE] [IMAGE] advertisement A Nation=
al-Oilwell designed, 1992 built modular offshore drilling rig is available =
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 th=
e link below for full details, photos and seller contact information: htt=
p://www.rigzone.com/market/surplus_listing.asp?eq_id=3D397 Explo=
ration [IMAGE] [IMAGE] [IMAGE] Pemex Increases Exploration Spendi=
ng in 2002 Pemex plans to concentrate spending on explortion and productio=
n projects in 2002. Drilling Operations Halted on West Navion Drilling op=
erations on the West Navion have been halted for the next 2-3 weeks so the =
rig can undergo an inspection of its derrick. [IMAGE] [IMAGE] Pr=
oduction [IMAGE] [IMAGE] [IMAGE] Shell Brings Two Gulf of Mexico =
Fields Onstream Shell Exploration & Production Company's Crosby and Einset=
subsea fields are now online and sending production to their hub platforms=
. Visund Onstream In January Norsk Hydro reports that its Visund North fi=
eld is scheduled to come onstream later this mon! th. Brent C Platform Bac=
k Online Shell's Brent C offshore platform was put back into operation ear=
ly Friday. Corus Tubes Awarded Kvitebjorn Pipe Contract Corus Tubes steel=
works will supply pipe for the Kvitebjorn oil pipeline, which will be laid =
between the Kvitebjorn gas and condensate field and Troll Oil Pipeline II i=
n the North Sea. NWS Is On The Short List for Chinese LNG Supply Australi=
a's North West Shelf Project has been invited bid on a contract for the su=
pply of liquefied natural gas to the first receiving terminal to be built i=
n China, at Chengtaojiao. [IMAGE] [IMAGE] ! Company & Financial=
News [IMAGE] [IMAGE] [IMAGE] Veritas and PGS Clear U.S. Antitrus=
t Hurdle The Hart-Scott-Rodino waiting period has expired for Veritas and =
PGS. New Gas Company Created in Norway A company which plans to create a =
regional gas market in the Grenland industrial area of southeast Norway has=
been established by Statoil and three domestic partners. CNOOC Announces =
2002 Strategy In 2002, CNOOC will continue to focus on growing production=
, executing development plans and adding reserves through exploration. [=
IMAGE] [IMAGE] advertisement [IMAGE] Human Resources in Oil and Gas is=
the comprehensive HR forum for the industry. The conference will deal with=
attracting and retaining quality staff and dealing with the effects of mer=
gers, acquisitions, and restructuring. This conference is a must for anyone=
involved in the often hectic human resources decisions of todays oil and g=
as companies. HR in Oil and Gas is being held in Aberdeen on February 27 an=
d 28. Click here for more information. Last 7 Days Top Stories [=
IMAGE] [IMAGE] [IMAGE] Former Enron Execs Start New Company Seve=
ral former Enron senior executives have formed a new company to provide ris=
k management services to the energy industry. Anadarko Petroleum Provides =
2002 Outlook Anadarko Petroleum Corporation outlines its expectations for =
capital spending for 2002 and offers guidance on 2001 financial and operati=
ng results. U.S. Approves Deepwater Royalty Relief Gale Norton, Secretary=
of the Interior, announced that oil and gas companies drilling in Gulf of =
Mexico deepwater will be given royalty reductions. National-Oilwell Acquir=
es HALCO National-Oilwell has acquired HAL Oilfield Pump & Equipment Compa=
ny. Conoco Focuses on I! ndonesia Conoco expects to spend over $2.5 bil=
lion in Indonesia during the next nine years, as part of planned investment=
of $3.4 billion between 1998 and 2010. Venture To Begin Drilling Program =
on Sycamore Field Venture Production will start drilling in May of this ye=
ar at its Sycamore field in the UK Sector of the North Sea. Energy Partner=
s Completes Hall-Houston Acquisition Energy Partners, Ltd. has completed t=
he acquisition of Hall-Houston and has elected Gary Hall, HHOC's founder, t=
o the post of Vice-Chairman of EPL. Statoil Sells First Oil From Girassol =
Statoil has sold its first load of crude - one million barrels - from the =
TotalFinaElf-operated Girassol field offshore Angola. PGS Awarded $58 Mill=
ion in New Contracts Petroleum Geo-Services ASA announced that its onshore=
division has secured new seismic acquisition contracts in the United State=
s, Ecuador, India and Bangladesh valued at $58 million. Kongsberg Awarded =
Crazy Horse Project Kongsberg Simrad has been awarded a contract for provi=
ding an integrated control and monitoring system to BP for the Crazy Horse =
PDQ semisub. Shell and CNOOC Sign PSC Agreement CNOOC and Shell Explorati=
on China Limited signed a Production Sharing Contract for the exploration o=
f the Bonan area of Bohai Bay. Talisman Expects to Spend $2 Billion in 200=
2 Talisman's 2002 budget for exploration and development is $2 billion whi=
ch is a 6% increase over the 2001 budget. ! [IMAGE] [IMAGE] Upco=
ming Oil & Gas Industry Events [IMAGE] [IMAGE] [IMAGE] Jan. 22 =
Alliances and Partnering in Oil & Gas Singapore Feb. 6 Torch Mid-Win=
ter Energy Conference New York Feb. 7 Marine Construction 2002 Housto=
n Feb. 10 2002 SPE International Petroleum Conference & Exhibition in Me=
xico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conference and Exhibit=
ion Dallas Feb. 26 Offshore Oil and Gas Safety Seminars Aberdeen Feb.=
27 Human Resources in Oil & Gas Aberdeen Mar. 10 AAPG Annual Meetin=
g Houston Mar. 20 LNG North America Houston Apr. 9 2002 SPE/ICoTA =
Coiled Tubing Conference and Exhibition Houston list your conference vie=
w upcoming events [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Horizo=
n Offshore Global Completion Service HoverDril Baker Hughes [IMAGE] =
[IMAGE] promote your company [IMAGE] [IMAGE] [IMAGE] D & D Standar=
d Oil Abbreviator, 4th Edition [IMAGE] [IMAGE] Rotary Rig Safety Inspecti=
on Checklist [IMAGE] [IMAGE] Drilling Data Handbook, 7th Ed. [IMAGE] [I=
MAGE] [IMAGE] more products [IMAGE] [IMAGE] [IMAGE] featured eq=
u! ipment: Oilwell 840-E [IMAGE] National 1320-UE [IMAGE] [IMAGE] [=
IMAGE] more equipment [IMAGE] [IMAGE] featured jobs: - Structural=
Engineer - Drill! er - Senior Pipeline Engineer more hot jobs << fea=
tured candidates: - Project Management Specialist - Drilling and Completi=
on Engineer - Service Supervisor search for candidates << [IMAGE] [I=
MAGE] [IMAGE] [IMAGE] Drillships: To 5000': 50.0% (7/14) +5000': =
92.0% (23/25) Semisubs: 2nd Gen: 68.5% (50/73) 3rd Gen: 86.0% (43/50=
) 4th Gen: 100.0% (38/38) 5th Gen: 100.0% (7/7) Jackups: To 200': 5=
6.7% (38/67) 200' MC: 58.3% (14/24) 200' MS: 14.3% (3/21) 300' IC:! =
87.5% (84/96) +300' IC: 90.7% (49/54) Severe Env.: 81.0% (17/21) [IMAG=
E] [IMAGE] view complete utilization report[IMAGE][IMAGE]Light Crude Oi=
l: $18.00/BBL (-0.55%)Brent Crude Oil: $18.45/BBL (0.16%)Natural Gas: $2.23=
/MMBtu (-1.76%)Unleaded Gasoline: $0.54/gal (1.89%)prices from: 1/18/2002ch=
ange since: 1/17/2002[IMAGE][IMAGE][IMAGE][IMAGE][IMAGE] Promotional Opport=
unitiesBecome a Sponsor, feature your job opening or, advertise your upcom=
ing industry conference. Click here for more information, send your pres=
s release to info@rigzone.com or call us at 281-345-4040. Member Servic=
es If you no longer wish to receive this newsletter, you may unsubscribe by=
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