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=09=09=09[IMAGE]=09=09=09 =09Monday January 7, 2002=09[IMAGE] =09=09=09=09 =09=09=09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=09=09 [IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09=09=09 [IMAGE]=09=09home | news | search | maps | data | jobs | = market | store =09[IMAGE]=09=09=09 =09=09=09[IMAGE]=09=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] Tanker Recovery In Progress T= wo salvage vessels are en route to the tanker that ran aground off the Corn= ish coast. Jordan and Algeria Improve Exploration Commitment Jordan and A= lgeria improve relations and strengthen their commitment to jointly explore= for oil & gas. Halliburton Says the Rumors A! re Not True Halliburton sa= ys there is no basis for the rumors that the company has filed for bankrupt= cy. [IMAGE] [IMAGE] Exploration [IMAGE] [IMAGE] [IMAGE]= Santos to Focus on Western Australia During the first quarter of 2002, S= antos is going to focus its exploration efforts on the Carnarvon Basin offs= hore Western Australia. PanCanadian Decides Against Fourth Well PanCanadi= an has decided not to drill a fourth exploratory offshore Nova Scotia this = spring. Apache Makes Egyptian Discovery Apache has made its first wildcat= discovery of 2002 in Egypt's Western Desert on the Khalda Concession. [= IMAGE] Production [IMAGE] [IMAGE] [IMAGE] [IMAGE] First Oil Ex= pected from Terra Nova This Month After several delays, Terra Nova is sche= dules to come on stream at the end of January. Prosafe Awarded FPSO Work O= ffshore Nigeria Prosafe has been awarded an eight-year contract for an FPS= O to work on the Abo field offshore Nigeria by a consortium led by Agip. F= irst Gas Flows from Skene Field ExxonMobil turns on the tap in the Skene f= ield located in the UK sector of the North Sea. Pegasus Awarded Subsea Con= tract by Talisman Pegasus International has been awarded a subsea engineer= ing design contract on the Kildrummy field in the UK sector of the North Se= a. [IMAGE] Company & Financial News [IMAGE] [IMAGE] [= IMAGE] Naftex Secures Financing for Brazilian Offshore Exploration Naftex= has secured financing for its share of the cost of exploration on Block BS= -3 in the Santos Basin offshore Brazil. Newfield Makes Management Changes = Newfield Exploration has made management changes in Australia and Anadarko= Basin office locations. [IMAGE] [IMAGE] advertisement A National-Oi= lwell designed, 1992 built modular offshore drilling rig is available for s= ale direct from the manufacturer. This rig drilled only 5 wells from the D= raugen platform in the Norwegian sector of the North Sea. Click on the lin= k below for full details, photos and seller contact information: http://w= ww.rigzone.com/market/surplus_listing.asp?eq_id=3D397 Last 7 Day= s Top Stories [IMAGE] [IMAGE] [IMAGE] MMS Approves Use of FPSOs I= n Gulf of Mexico The U.S. Minerals Management Service has approved the use= of FPSO vessels in the central and western portions of the Gulf of Mexico.= Enron Receives Approval to Sell Two Assets On December 28th a judge appr= oved the sale of two of Enron's assets at a value of $310 million. Maratho= n Acquires Interests in Equatorial Guinea Marathon has completed its acqui= sition of CMS Energy's interests in Equatorial Guinea for $993 million. Na= bors Changes Corporate Structure Nabors Industries Board of Directors has = approved a plan to reorganize the company and change its place of incorpora= tion from Delaware to Bermuda. Kvaerne! r Receives Final Approval for Resc= ue Plan Kvaerner has received approval from the final group of lenders for= the rescue plan that would merge Kvaerner and Aker Maritime. Halliburton = Introduces New Perforation Flow Laboratory Halliburton has added its Perfo= ration Flow Laboratory to its PerfPro process to provide detailed instrumen= tation and controlled-laboratory conditions that can allow insight into phy= sical phenomena occurring in the reservoir during complicated perforating a= nd multi-phase flow events. FMC Corporation Spins Off FMC Technologies FM= C Corporation has distributed all of its remaining shares in FMC Technologi= es making it a fully independent company. Marathon Begins Trading on NYSE = Marathon Oil Corporation has begun trading on t! he New York Stock Exchang= e as a standalone company following the separation of Marathon Group and U.= S. Steel. Smedvig's CEO Resigns Christian Bull Eriksson has announced tha= t he will step down as CEO of Smedvig ASA effective immediately. SMOE Awar= ded North Sea Platform Contract SembCorp has been awarded a contract by Ma= ersk for the installation of a process deck and accommodation module in the= North Sea. 3TEC Energy Completes Merger with Enex Resources 3TEC Energy = has completed its merger with Enex Resources effective December 31, 2001. = Regent Energy Acquires Bayou Bouillon Gas Field Regent Energy has closed i= ts acquisition of Bayou Bouillon gas fields in Southern Louisiana. [IMAGE]= [IMAGE] Upcoming Oil & Gas Industry Events [IMAGE] [IMAGE] = [IMAGE] Jan. 22 Alliances and Partnering in Oil & Gas Singapore Feb= . 7 Marine Construction 2002 Houston Feb. 10 2002 SPE International= Petroleum Conference & Exhibition in Mexico Villahermosa Feb. 26 2002 = IADC/SPE Drilling Conference and Exhibition Dallas Feb. 27 Human Resou= rces in Oil & Gas Aberdeen Mar. 10 AAPG Annual Meeting Houston Apr. 9 = 2002 SPE/ICoTA Coiled Tubing Conference and Exhibitio! Houston May. 6= Offshore Technology Conference 2002 Houston Aug. 27 ONS 2002 Confe= rence and Exhibition Stavanger Oct. 6 Society of Exploration Geophysic= ists Annual Meeting Salt Lake City list your conference view upcoming ev= ents [IMAGE] [IMAGE] =09[IMAGE]=09 [IMAGE] [IMAGE] INTEC Horizon = Offshore Global Completion Service HoverDril DataLog [IMAGE] [IMAGE]= promote your company [IMAGE] [IMAGE] [IMAGE] Horizontal Well Tech= nology [IMAGE] [IMAGE] Contributions in Petroleum Geology and Engineering= : Volume 2 - Applied Open-Hole Log Analysis [IMAGE] [IMAGE] Principles of= Ap! plied Reservoir Simulation, 2nd Ed. [IMAGE] [IMAGE] [IMAGE] more= products [IMAGE] [IMAGE] [IMAGE] featured equipment: Ideco H-35 D= D Drive-in Rig [IMAGE] Maritime Hydraulics Iron Roughneck [IMAGE] [I= MAGE] [IMAGE] more equipment [IMAGE] [IMAGE] featured jobs: - E= lectrical Engineer - Naval Architect - Offshore Safety Coordinator more= hot jobs << featured candidates: - Electrical & Instrumentation QA/QC I= nspector - Wo! rkover/Completion Supervisor - Oil Field Electrician sea= rch 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% (! 13/2= 4) 200' MS: 14.3% (3/21) 300' IC: 87.5% (84/96) +300' IC: 88.9% (48/5= 4) Severe Env.: 81.0% (17/21) [IMAGE] [IMAGE] view complete utilizat= ion report [IMAGE] [IMAGE] Light Crude Oil: $21.61/BBL (6.09%) Bren= t Crude Oil: $22.98/BBL (11.28%) Natural Gas: $2.20/MMBtu (-2.65%) Unle= aded Gasoline: $0.63/gal (10.53%) prices from: 1/4/2002 change since: 1= /3/2002 [IMAGE] [IMAGE]! =09[IMAGE]=09 [IMAGE][IMAGE] Promotional Opportunities Become a Sponsor, feature your job opening or, ad= vertise your upcoming industry conference. Click here for more informati= on, send your press release to info@rigzone.com or call us at 281-345-404= 0. Member Services If you no longer wish to receive this newsletter, you = may unsubscribe by clicking here or by logging in to Rigzone and updating = your profile. You can also change the format you receive (HTML or Text) a= nd your email address by logging in and updating your account. Click here= to log in . =09 [IMAGE]
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