Message-ID: <16312072.1075840973342.JavaMail.evans@thyme> Date: Thu, 31 Jan 2002 14:57:01 -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 =09Friday February 1, 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] South Africa Opens Up Deepwate= r Acreage Petroleum Geo-Services ASA and Petroleum Agency SA have announce= d a joint co-operation agreement to promote deepwater exploration acreage o= ffshore South Africa. [IMAGE] [IMAGE] advertisement Welcome to the w= orld of Thuraya, where communication knows no boundaries. Thuraya provides = mobile satellite telephony to 99 countries throughout Europe, North and Cen= tral Africa, the Middle East, Central Asia and the Indian Sub-continent. Wi= th a combination of cellular and satellite phone capabilities bolstered by = GPS and data features, Thuraya provides the total communications solution y= ou've been looking for. Click for more... Exploration [IMAGE] = [IMAGE] [IMAGE] McMoRan Successful at Mound Point #2 Well This w= ell confirms McMoRan's exploration concept for the Mound Point area which i= s one of the largest geologic structures in the shallow waters offshore Lou= isiana. [IMAGE] [IMAGE] Production [IMAGE] [IMAGE] [IMA= GE] Allseas Awarded Engineering Contract by Burlington Burlington Resourc= es has awarded a 55 million pound engineering contract in its Rivers Fields= natural gas venture in the Irish Sea. Phillips Norway Solicits Bids for = Ekofisk Work Phillips has decided to solicit bids for the modification wor= k in the Ekofisk Area. Petronas-led Consortium Bids for Sumatra-Singapore = Pipeline A Petronas-led consorti! um has submitted a bid for a stake in th= e $500 million Sumatra-Singapore natural gas pipeline. DONG and POGC Reaff= irm Pipeline Commitment Today, DONG and the Polish gas company, POGC, have= signed a protocol about the further co-operation regarding the establishme= nt of a gas pipeline, BalticPipe, between Denmark and Poland. Statoil Deve= lops Different Approach To Seismic Logging Statoil has developed technolog= y for the use of electromagnetic waves in the search for oil and gas. [I= MAGE] [IMAGE] Company & Financial News [IMAGE] [IMAGE] [IM= AGE] Noble Drilling Reports 2001 Results Noble Drilling Corp. said its fo= urth-quarter earnings rose as income from international markets sta! yed ab= ove year-earlier levels, offsetting a downturn in drilling in the Gulf of M= exico. Anadarko Plans to Spend $2 Billion in 2002 Anadarko Petroleum Corp= oration said that its board of directors has approved an initial capital sp= ending budget of $2 billion for 2002 this is down from the $3.3 billion app= roved for 2001. PGS - Veritas Merger Receives Approval from UK Government = The Office of Fair Trading has approved the Petroleum Geo-Services ASA and= Veritas DGC merger. Patterson-UTI Energy Announces Record Year Patterson= -UTI acheives records results in 2001 and credits this to the merger that t= ook place earlier this year. Gulf Marine Wins Matterhorn TLP Topsides Proj= ect Technip! -Coflexip Group announced that Atlantia Offshore Limited has = awarded Gulf Marine Fabricators a fabrication contract for the Matterhorn d= ry-tree TLP topsides facility and foundation piles. Bouygues and Saipem Wi= n Algerian Development Project Bouygues Offshore and Saipem have won a tur= nkey contract for an oilfield development project in Algeria valued at US $= 257 million. [IMAGE] [IMAGE] advertisement Mark your calender! On = Wednesday, February 6th, access to Rigzone's premium Gulf of Mexico Drilli= ng Permit and Plans database will be open to all rigzone members and websit= e visitors. Additionally, HR managers and Industry recruiters will have un= limited free access to the Rigzone Career Center. Take a test drive, we th= ink you will like what you find. Last 7 Days Top Stories [IMAGE] = [IMAGE] [IMAGE] Conoco Sets Budget for 2002 Conoco to spend the = majority of its $2.8 billion dollar budget on upstream operations in 2002. = Court Rules on Offshore Injury Case United States Fifth Circuit Court of = Appeals decides that wireline perforation used in drilling and capping well= s is not "ultrahazardous". Kvaerner To Open New Umbilicals Facility Kvaer= ner has decided to invest NOK 100 million in a new umbilicals production fa= cility for the subsea segment of the oil and gas industry in the Gulf of Me= xico or Houston area. AEC and PanCanadian Confirms Merger Plans Alberta E= nergy Company and PanCanadian join forces in a "merger of equals" that will= create one of North America's largest independent energy companies. BP Co= uld Cut Jobs in the North Sea BP is considering cutting some of its 3,600 A= berdeen-based workforce in a bid to control rising costs. Trident Appraisa= l Well Successful Unocal Corporation said that it continues to be encourag= ed after successfully completing the first appraisal well at the Trident de= epwater Gulf of Mexico discovery in Alaminos Canyon Block 903. Nabors Indu= stries Has Record Year Nabors Industries Inc. said its fourth-quarter earn= ings rose slightly even though North American natural gas drilling slowed d= own as a result of lower gas prices. Petro-Canada Acquires Veba Assets P= etro-Canada announced that it has agreed to acquire the international oil a= nd gas operations of Veba Oil & Gas Gmbh from Veba and BP p.l.c. for a pric= e of Cdn $3.2 billion in cash. Technip Coflexip Lands Brunei Development = Project Technip-Coflexip has recently been awarded a contract by Brunei Sh= ell Petroleum Co. for its Egret Phase 1 Gas Development Project, offshore B= runei. OPEC Expects To Increase Market Domination OPEC's oil production a= nd its domination of the oil market are expected to increase gradually over= the next two decades, with the group's output rising to more than 50% of g= lobal oil demand by 2020, a recent OPEC study says. Amerada Hess Hits Offs= hore Equatorial Guinea Amerada Hess Corporation reported that it has made = another significant oil discovery offshore Equatorial Guinea in the Rio Mun= i Basin. Woodside Hits with Enfield-4 Appraisal Well Woodside Petroleum = Ltd said its Enfield-4 appraisal well offshore Western Australia had found = oil. [IMAGE] [IMAGE] Upcoming Oil & Gas Industry Events [IMAGE] = [IMAGE] [IMAGE] Feb. 6 Torch Mid-Winter Energy Conference Ne= w York Feb. 7 Marine Construction 2002 Houston Feb. 10 2002 SPE Int= ernational Petroleum Conference & Exhibition in Mexico Villa! hermosa Feb.= 26 2002 IADC/SPE Drilling Conference and Exhibition Dallas Feb. 26 = Offshore Oil and Gas Safety Seminars Aberdeen Feb. 27 Human Resources = in Oil & Gas Aberdeen Mar. 10 AAPG Annual Meeting Houston Mar. 17 O= il Field Chemistry Symposium - 13th International Geilo Mar. 20 LNG Nor= th America Houston Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and = Exhibition Houston list your conference view upcoming events [IMAGE] = [IMAGE] [IMAGE] [IMAGE] [IMAGE] Click here to go to Baker Hughes A= ADE HoverDril [IMAGE] [IMAGE] promote your compan! [IMAGE] [IM= AGE] [IMAGE] Offshore Field Development Guide - Mediterranean, Middle Eas= t, Africa [IMAGE] [IMAGE] Topside Construction Wallchart [IMAGE] [IMAGE]= Guidelines for Marine Operations [IMAGE] [IMAGE] [IMAGE] more produ= cts [IMAGE] [IMAGE] [IMAGE] featured equipment: National 1320-M [I= MAGE] Dreco 1000 UE Land Rigs [IMAGE] [IMAGE] [IMAGE] more equipm= ent [IMAGE] [IMAGE] featured jobs: - Account Rep - Business Develop= ment - Process Engineer - Well Site Geologist more hot jobs >> featur= ed candidates: - Senior Contract Administrator - Senior Materials Coordin= ator - Wellsite Supervisor 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: 86.0% (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) 300' IC: 88.5% (= 85/! 96) +300' IC: 92.6% (50/54) Severe Env.: 90.5% (19/21) [IMAGE] = [IMAGE] view complete utilization report [IMAGE] [IMAGE] Light Crud= e Oil: $19.88/BBL (3.97%) Brent Crude Oil: $19.18/BBL (2.18%) Natural G= as: $2.16/MMBtu (2.37%) Unleaded Gasoline: $0.55/gal (0.00%) prices fro= m: 1/31/2002 change since: 1/30/2002 [IMAGE] [IMAGE] [IMAGE] =09[IM= AGE]=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