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	Friday
January 18, 2002	 <http://www.sonsub.com/> 		
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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
Worldwide Offshore Rig Utilization
Oil & Gas Prices

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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Latest Offshore Rig Activity <http://www.rigzone.com/news/article.asp?a_id=2425>
The worldwide mobile offshore rig count was up 4 for the week with 3 jackups and one semisub seeing new contracts.

CNOOC Jackup Leaves China <http://www.rigzone.com/news/article.asp?a_id=2414>
CNOOC secured the first contract for overseas service as an independent contractor in the international drilling market.

	


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A National-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 the link below for full details, photos and seller contact information: 

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Celtic Resources To Farmout North Sea Licenses  <http://www.rigzone.com/news/article.! asp?a_id=2423>
Mustang Oil Ltd and Celtic Petroleum Ltd have entered a farmout agreement for their United Kingdom Seaward licences North Sea blocks 49/1c, 49/2b and 49/2c, to GDF Britain Ltd.

Conoco Focuses on Indonesia  <http://www.rigzone.com/news/article.asp?a_id=2422>
Conoco expects to spend over $2.5 billion in Indonesia during the next nine years, as part of planned investment of $3.4 billion between 1998 and 2010.

Novus Petroleum Wins Padre Island Acreage  <http://www.rigzone.com/news/article.asp?a_id=2421>
The Padre Island Project joint venture has been awarded drilling leases totaling 12,630 acres in the Padre Island area, in shallow waters offshore Texas.

Statoil and ExxonMobil Swap Norwegian Acreage <http://www.rigzone.com/news/article.asp?a_id=2417>
On January 1, 2002, Statoil took over operatorship and a 20 percent stake in the F-p! rospect of the Barents Sea from ExxonMobil.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Edison and BG Supply LNG to Gaz de France <http://www.rigzone.com/news/article.asp?a_id=2420>
Edison and BG will soon sign a 20-year agreement to supply Gaz de France with liquefied natural gas beginning in 2005.

Statoil Makes Record Gas Sales <http://www.rigzone.com/news/article.asp?a_id=2418>
On January 13, 2002, Statoil supplied a total of 137 million cubic meters of gas to customers in Europe beating the record set last winter.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Enron To Select New Auditor  <http://www.rigzone.com/news/article.asp?a_id=2426>
The Enron Corp. Board of Directors voted today to discharge Arthur Andersen as ! the company's auditor.

PGS Awarded $58 Million in New Contracts <http://www.rigzone.com/news/article.asp?a_id=2424>
Petroleum Geo-Services ASA announced that its onshore division has secured new seismic acquisition contracts in the United States, Ecuador, India and Bangladesh valued at $58 million.

Lukoil Announces New Directors <http://www.rigzone.com/news/article.asp?a_id=2419>
LUKOIL has nominated Mark Mobius and a leading ChevronTexaco executive to be independent directors.

Global Industries Announces Management Changes <http://www.rigzone.com/news/article.asp?a_id=2416>
Global Industries, Ltd. has appointed William J. Dore, Jr. to the position of Vice President - Investor Relations. 

FTC Requests More Info from Phillips and Conoco <http://www.rigzone.com/news/article.asp?a_id=2415>
Phillips Petroleum Company and Conoco have both received requests from the Federal Trade Commis! sion for additional information.

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advertisement	
 <http://www.rigzone.com/news/event_detail.asp?event_id=194> 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 mergers, acquisitions, and restructuring. This conference is a must for anyone involved in the often hectic human resources decisions of todays oil and gas companies. HR in Oil and Gas is being held in Aberdeen on February 27 and 28. Click here for more information. <http://www.rigzone.com/news/event_detail.asp?event_id=194> 	

	

Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Former Enron Execs Start New Company <http://www.rigzone.com/n! ews/article.asp?a_id=2387>
Several former Enron senior executives have formed a new company to provide risk management services to the energy industry.

Anadarko Petroleum Provides 2002 Outlook <http://www.rigzone.com/news/article.asp?a_id=2384>
Anadarko Petroleum Corporation outlines its expectations for capital spending for 2002 and offers guidance on 2001 financial and operating results.

U.S. Approves Deepwater Royalty Relief <http://www.rigzone.com/news/article.asp?a_id=2405>
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 Acquires HALCO <http://www.rigzone.com/news/article.asp?a_id=2375>
National-Oilwell has acquired HAL Oilfield Pump & Equipment Company.

Anderson Employees ! Destroy Enron Documents <http://www.rigzone.com/news/article.asp?a_id=2369>
Andersen reports that individuals in the firm have disposed of a significant number of electronic and paper documents and correspondence relating to the Enron account

Venture To Begin Drilling Program on Sycamore Field <http://www.rigzone.com/news/article.asp?a_id=2397>
Venture Production will start drilling in May of this year at its Sycamore field in the UK Sector of the North Sea.

Statoil Sells First Oil From Girassol <http://www.rigzone.com/news/article.asp?a_id=2400>
Statoil has sold its first load of crude - one million barrels - from the TotalFinaElf-operated Girassol field offshore Angola.

Energy Partners Completes Hall-Houston Acquisition <http://www.rigzone.com/news/article.asp?a_id=2401>
Energy Partners, Ltd. has completed the acquisition of Hall-Houston and has elected Gary Hall, HHOC's founder, to the post of Vice-Chairman of EPL.

Shell and CNOOC Sign PSC Agreement <http://www.r! igzone.com/news/article.asp?a_id=2386>
CNOOC and Shell Exploration China Limited signed a Production Sharing Contract for the exploration of the Bonan area of Bohai Bay.

Kongsberg Awarded Crazy Horse Project <http://www.rigzone.com/news/article.asp?a_id=2379>
Kongsberg Simrad has been awarded a contract for providing an integrated control and monitoring system to BP for the Crazy Horse PDQ semisub.

Talisman Expects to Spend $2 Billion in 2002 <http://www.rigzone.com/news/article.asp?a_id=2388>
Talisman's 2002 budget for exploration and development is $2 billion which is a 6% increase over the 2001 budget.

Petronas and Bahrain Develop Offshore Exploration Program <http://www.rigzone.com/news/article.asp?a_id=2382>
Petronas and Bahraini officals met over the weekend to discuss a program for drilling offshore Bahrain.

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Jan. 22 	Alliances and Partnering in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=75>	Singapore	
Feb. 6 	Torch Mid-Winter Energy Conference <http://www.rigzone.com/news/event_detail.asp?event_id=196>	New York	
Feb. 7 	Marine Construction 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=166>	Houston	
Feb. 10 	2002 SPE International Petroleum Conference & Exhibition in Mexico	Villahermosa	
Feb. 26 	2002 IADC/SPE Drilling Conference and Exhibition  <http://www.rigzone.com/news/event_detail.asp?event_id=37>	Dallas	
Feb. 26 	Offshore Oil and Gas Safety Seminars <http://www.rigzone.com/news/event_detail.asp?event_id=214>	Aberdeen	
Feb. 27 	Human Resources in Oil & Gas <http://www.rigzone.com/news/event_detail.asp?event_id=194>	Aberdeen	
Mar. 10 	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	Houston	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	Houston	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=41>	Houston	
list your conference <http://www.rigzone.com/news/post_event.asp?action=INSERT>	view upcoming events <http://www.rigzone.com/news/event_home.asp>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
National 1320-UE <http://www.rigzone.com/market/surplus_listing.asp?eq_id=383>	
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Wartsila Generator Sets <http://www.rigzone.com/market/surplus_listing.asp?eq_id=382>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Mechanic <http://www.rigzone.com/jobs/job_posting.asp?p_id=978>	
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-	Wellhead-Christmas Tree Specialist <http://www.rigzone.com/jobs/job_posting.asp?p_id=966>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Drilling Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=10000>	
-	Production & Workover Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=10004>	
-	Drilling Manager, Senior Drilling Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=8448>	
search for candidates >> <http://www.rigz! one.com/jobs/search_resume.asp>	
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  <http://www.rigzone.com/images/email/title_tab_RigUtil.gif>	
  <http://www.rigzone.com/images/spacer.gif>	Drillships:	
To 5000': 	50.0%	(7/14)	
+5000': 	96.0%	(24/25)	
Semisubs:	
2nd Gen: 	67.1%	(49/73)	
3rd Gen: 	86.0%	(43/50)	
4th Gen: 	100.0%	(38/38)	
5th Gen: 	100.0%	(7/7)	
Jackups:	
To 200': 	56.7%	(38/67)	
200' MC: 	50.0%	(12/24)	
200' MS: 	14.3%	(3/21)	
300' IC: ! 	86.5%	(83/96)	
+300' IC: 	90.7%	(49/54)	
Severe Env.: 	81.0%	(17/21)	
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view complete utilization report <http://www.rigzone.com/data/utilization_trends.asp>	

  <http://www.rigzone.com/images/email/title_tab_OilPrices.gif>	
  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$18.10/BBL 
(-3.83%)	
Brent Crude Oil: 	$18.42/BBL 
(-5.44%)	
Natural Gas: 	$2.27/MMBtu 
(-5.81%)	
Unleaded Gasoline: 	$0.53/gal 
(-3.64%)	
prices from: 	1/17/2002	
change since: 	1/16/2002	
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