Message-ID: <32765671.1075840974491.JavaMail.evans@thyme> Date: Wed, 30 Jan 2002 15:07:56 -0800 (PST) From: newsletter@rigzone.com To: alewis@enron.com Subject: RIGZONE Industry News Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "newsletter@rigzone.com" @ENRON X-To: alewis@enron.com X-cc: X-bcc: X-Folder: \ExMerge - Lewis, Andrew H.\Deleted Items X-Origin: LEWIS-A X-FileName: andy lewis 6-25-02.PST =09=09=09[IMAGE]=09=09 =09Thursday January 31, 2002=09[IMAGE] =09=09=09 =09=09=09[IMAGE]=09=09 =09=09=09[IMAGE]=09=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09=09 =09=09=09[IMAGE]=09=09 [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] = [IMAGE] =09[IMAGE]=09=09 =09=09=09[IMAGE]=09=09 =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 = 281-345-4040. Member Services If you no longer wish to receive this newsl= etter, you may unsubscribe by clicking here or by logging in to Rigzone an= d 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 here to log in . =09=09 =09=09=09[IMAGE]=09=09