Enron Mail

From:newsletter@rigzone.com
To:tmartin@enron.com
Subject:RIGZONE Industry News
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Date:Sat, 2 Feb 2002 06:13:31 -0800 (PST)


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=09Monday February 4, 2002=09iOTC =09=09=09
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[IMAGE]=09=09home | news | search | maps | data | jobs | =
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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] Kuwait Oil Fire Leaves Four Wo=
rkers Dead A fire and an explosion at an oil facility in northern Kuwait h=
ave left four workers dead and at least 16 injured. Norwegian Pilot Strike=
Ends CHC Helicopter Corporation has reached an agreement with the leaders=
hip of the union representing CHC pilots in Norway. All striking pilots wil=
l report back to work starting Feb.! 2, 2002. [IMAGE] [IMAGE] adverti=
sement Welcome to the world of Thuraya, where communication knows no bound=
aries. Thuraya provides mobile satellite telephony to 99 countries througho=
ut Europe, North and Central Africa, the Middle East, Central Asia and the =
Indian Sub-continent. With a combination of cellular and satellite phone ca=
pabilities bolstered by GPS and data features, Thuraya provides the total c=
ommunications solution you've been looking for. Click for more... =
Exploration [IMAGE] [IMAGE] [IMAGE] ONGC May Make BG a Partne=
r ONGC may make British Gas a technical partner for operating Panna-Mukta =
and Tapti fields - despite rejecting the company's claim as operator of the=
field when BG purchases Enron's equity. Morocco Protests Offshore Explora=
tion Licenses The Moroccan government is protesting a decision made late l=
ast year by Spain to grant Repsol-YPF nine oil exploration concessions in t=
he Atlantic between Morocco and the Canary Islands. [IMAGE] [IMAGE] =
Production [IMAGE] [IMAGE] [IMAGE] Russia Keeps Within Export=
Limits No additional quotas for shipments of Russian crude oil were issue=
d in January and exports were within limits agreed with OPEC as part of a d=
eal to support prices, according to official sources. ! Kerr-McGee Turns O=
n the Tap at Nansen Kerr-McGee Oil & Gas announced that the Nansen field, =
in the deepwater Gulf of Mexico, achieved first production on Jan. 28, 2002=
from the first of three subsea wells. [IMAGE] [IMAGE] Company &=
Financial News [IMAGE] [IMAGE] [IMAGE] Marathon To Spend $1.8 Bi=
llion in 2002 Marathon Oil Corporation announced that it has approved a bu=
dget of $1.8 billion for its 2002 capital, investment and exploration progr=
ams. Rowan Completes Acquisition Rowan Companies, Inc. announced that Row=
an Electric, Inc., a wholly owned subsidiary, has completed the purchase of=
certain assets of Oilfield-Electric-Marine, Inc. and Industrial Logic Syst=
ems, Inc., for ! a price of approximately $8 million in Rowan common stock.=
Varco Revenue Up 46% Varco's net income in 2001 more than doubled that o=
f 2000. [IMAGE] [IMAGE] advertisement Mark your calender! On Wedne=
sday, February 6th, access to Rigzone's premium Gulf of Mexico Drilling Pe=
rmit and Plans database will be open to all rigzone members and website vis=
itors. Additionally, HR managers and Industry recruiters will have unlimit=
ed free access to the Rigzone Career Center. Take a test drive, we think y=
ou will like what you find. Last 7 Days Top Stories [IMAGE] =
[IMAGE] [IMAGE] BP Could Cut Jobs in the North Sea BP is considering =
cutting some of its 3,600 Aberdeen-based workforce in a bid to control risi=
ng costs. AEC and PanCanadian Confirms Merger Plans Alberta Energy Compan=
y and PanCanadian join forces in a "merger of equals" that will create one =
of North America's largest independent energy companies. Amerada Hess Hits=
Offshore Equatorial Guinea Amerada Hess Corporation reported that it has =
made another significant oil discovery offshore Equatorial Guinea in the Ri=
o Muni Basin. Anadarko Plans to Spend $2 Billion in 2002 Anadarko Petrole=
um Corporation said that its board of directors has approved an initial cap=
ital spending budget of $2 billion for 2002 this is down from the $3.3 bill=
i! on approved for 2001. Technip Coflexip Lands Brunei Development Project=
Technip-Coflexip has recently been awarded a contract by Brunei Shell Pet=
roleum Co. for its Egret Phase 1 Gas Development Project, offshore Brunei. =
OPEC Expects To Increase Market Domination OPEC's oil production and its =
domination of the oil market are expected to increase gradually over the ne=
xt two decades, with the group's output rising to more than 50% of global o=
il demand by 2020, a recent OPEC study says. Woodside Hits with Enfield-4 =
Appraisal Well Woodside Petroleum Ltd said its Enfield-4 appraisal well o=
ffshore Western Australia had found oil. Petro-Canada Acquires Veba Assets=
Petro-Canada announ! ced that it has agreed to acquire the international =
oil and gas operations of Veba Oil & Gas Gmbh from Veba and BP p.l.c. for a=
price of Cdn $3.2 billion in cash. Honeywell Lands Belanak Contract Hon=
eywell Industry Solutions has been selected as the automation supplier for =
the Belanak oil field development project in Indonesia. McMoRan Successfu=
l at Mound Point #2 Well This well confirms McMoRan's exploration concept =
for the Mound Point area which is one of the largest geologic structures in=
the shallow waters offshore Louisiana. Venezuelan Field Falls Short of Ex=
pectations The consortium operating Venezuela's LL-652 field large fourth-=
quarter write-downs as the block continues to fall short of expectations. =
Pertamina Bidding for Devon Indonesia Assets Pertamina is ready to submit =
a bid to acquire Devon Energy's local assets. [IMAGE] [IMAGE] Up=
coming Oil & Gas Industry Events [IMAGE] [IMAGE] [IMAGE] Feb. 6 =
Torch Mid-Winter Energy Conference New York Feb. 7 Marine Construct=
ion 2002 Houston Feb. 10 2002 SPE Internation! al Petroleum Conference =
& Exhibition in Mexico Villahermosa Feb. 26 2002 IADC/SPE Drilling Conf=
erence and Exhibition Dallas Feb. 26 Offshore Oil and Gas Safety Semin=
ars Aberdeen Feb. 27 Human Resources in Oil & Gas Aberdeen Ma! r. 10 =
AAPG Annual Meeting Houston Mar. 17 Oil Field Chemistry Symposium - 1=
3th International Geilo Mar. 20 LNG North America Houston Apr. 9 2=
002 SPE/ICoTA Coiled Tubing Conference and Exhibition Houston list your c=
onference view upcoming events [IMAGE] [IMAGE] [IMAGE] [IMAGE] [=
IMAGE] Click here to go to Baker Hughes AADE HoverDril [IMAGE] [IMAG=
E] promote your company [IMAGE] [IMAGE] [IMAGE] OGJ 200/100 Intern=
ational on Diskette [IMAGE] [IMAGE] International Oil Company Financial M=
anagement in Nontechnical Language [IMAGE] [IMAGE] Oilwell Fishing Operat=
ions: Tools and Techniques, 2nd Ed. [IMAGE] [IMAGE] [IMAGE] more prod=
ucts [IMAGE] [IMAGE] [IMAGE] featured equipment: National 110 M [I=
MAGE] Ideco DIR 805 [IMAGE] [IMAGE] [IMAGE] more equipment [I=
MAGE] [IMAGE] featured jobs: - Sales Engineer - Project Manager- Drilli=
ng - Emergency Response Coordinator/Deepwater more hot jobs << feature=
d candidates: - Willing To Travel and Live Abroad - Company Representativ=
e - Cost Control Specialist 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) 4=
th Gen: 97.4% (37/3! 8) 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) 3! 00' IC: 8=
8.5% (85/96) +300' IC: 92.6% (50/54) Severe Env.: 90.5% (19/21) [IMAGE=
] [IMAGE] view complete utilization ! report [IMAGE] [IMAGE] Ligh=
t Crude Oil: $20.38/BBL (2.52%) Brent Crude Oil: $19.98/BBL (4.17%) Nat=
ural Gas: $2.13/MMBtu (-1.39%) Unleaded Gasoline: $0.60/gal (9.09%) pri=
ces from: 2/1/2002 change since: 1/31/2002 [IMAGE] [IMAGE] [IMAGE] =
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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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