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	Monday
January 7, 2002	 <http://www.natoil.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
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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Tanker Recovery In Progress <http://www.rigzone.com/news/article.asp?a_id=2331>
Two salvage vessels are en route to the tanker that ran aground off the Cornish coast.

Jordan and Algeria Improve Exploration Commitment <http://www.rigzone.com/news/article.asp?a_id=2328>
Jordan and Algeria improve relations and strengthen their commitment to jointly explore for oil & gas.

Halliburton Says the Rumors A! re Not True <http://www.rigzone.com/news/article.asp?a_id=2321>
Halliburton says there is no basis for the rumors that the company has filed for bankruptcy.

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Santos to Focus on Western Australia <http://www.rigzone.com/news/article.asp?a_id=2330>
During the first quarter of 2002, Santos is going to focus its exploration efforts on the Carnarvon Basin offshore Western Australia.

PanCanadian Decides Against Fourth Well <http://www.rigzone.com/news/article.asp?a_id=2329>
PanCanadian has decided not to drill a fourth exploratory offshore Nova Scotia this spring.

Apache Makes Egyptian Discovery <http://www.rigzone.com/news/article.asp?a_id=2322>
Apache has made its first wildcat discovery of 2002 in Egypt's Western Desert on the Khalda Concession.

	

Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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First Oil Expected from Terra Nova This Month <http://www.rigzone.com/news/article.asp?a_id=2332>
After several delays, Terra Nova is schedules to come on stream at the end of January.

Prosafe Awarded FPSO Work Offshore Nigeria <http://www.rigzone.com/news/article.asp?a_id=2325>
Prosafe has been awarded an eight-year contract for an FPSO to work on the Abo field offshore Nigeria by a consortium led by Agip.

First Gas Flows from Skene Field <http://www.rigzone.com/news/article.asp?a_id=2324>
ExxonMobil turns on the tap in the Skene field located in the UK sector of the North Sea.

Pegasus Awarded Subsea Contract by Talisman <http://www.rigzone.com/news/article.asp?a_id=2323>
Pegasus International has been awarded a subsea engineering design contract on the Kildrummy field in the UK sector of the North Sea.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Naftex Secures Financing for Brazilian Offshore Exploration <http://www.rigzone.com/news/article.asp?a_id=2327>
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 <http://www.rigzone.com/news/article.asp?a_id=2326>
Newfield Exploration has made management changes in Australia and Anadarko Basin office locations.

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advertisement	
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: 

<http://www.rigzone.com/market/surplus_listing.asp?eq_id=397> 

	

Last 7 Days Top Stories	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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MMS Approves Use of FPSOs In Gulf of Mexico <http://www.rigzone.com/n! ews/article.asp?a_id=2307>
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 <http://www.rigzone.com/news/article.asp?a_id=2291>
On December 28th a judge approved the sale of two of Enron's assets at a value of $310 million.

Marathon Acquires Interests in Equatorial Guinea <http://www.rigzone.com/news/article.asp?a_id=2309>
Marathon has completed its acquisition of CMS Energy's interests in Equatorial Guinea for $993 million.

Nabors Changes Corporate Structure <http://www.rigzone.com/news/article.asp?a_id=2314>
Nabors Industries Board of Directors has approved a plan to reorganize the company and change its place of incorporation from Delaware to Bermuda.

Kvaerne! r Receives Final Approval for Rescue Plan <http://www.rigzone.com/news/article.asp?a_id=2315>
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 <http://www.rigzone.com/news/article.asp?a_id=2293>
Halliburton has added its Perforation Flow Laboratory to its PerfPro process to provide detailed instrumentation and controlled-laboratory conditions that can allow insight into physical phenomena occurring in the reservoir during complicated perforating and multi-phase flow events.

FMC Corporation Spins Off FMC Technologies <http://www.rigzone.com/news/article.asp?a_id=2303>
FMC Corporation has distributed all of its remaining shares in FMC Technologies making it a fully independent company.

Marathon Begins Trading on NYSE <http://www.rigzone.com/news/article.asp?a_id=2305>
Marathon Oil Corporation has begun trading on t! he New York Stock Exchange as a standalone company following the separation of Marathon Group and U.S. Steel.

Smedvig's CEO Resigns <http://www.rigzone.com/news/article.asp?a_id=2292>
Christian Bull Eriksson has announced that he will step down as CEO of Smedvig ASA effective immediately.

SMOE Awarded North Sea Platform Contract <http://www.rigzone.com/news/article.asp?a_id=2304>
SembCorp has been awarded a contract by Maersk for the installation of a process deck and accommodation module in the North Sea.

3TEC Energy Completes Merger with Enex Resources <http://www.rigzone.com/news/article.asp?a_id=2313>
3TEC Energy has completed its merger with Enex Resources effective December 31, 2001.

Regent Energy Acquires Bayou Bouillon Gas Field <http://www.rigzone.com/news/article.asp?a_id=2300>
Regent Energy has closed its acquisition of Bayou Bouillon gas fields in Southern Louisiana.
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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. 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 <http://www.rigzone.com/news/event_detail.asp?event_id=35>	Villahermosa	
Feb. 26 	2002 IADC/SPE Drilling Conference and Exhibition  <http://www.rigzone.com/news/event_detail.asp?event_id=37>	Dallas	
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	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibitio! n <http://www.rigzone.com/news/event_detail.asp?event_id=41>	Houston	
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	Houston	
Aug. 27 	ONS 2002 Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=80>	Stavanger	
Oct. 6 	Society of Exploration Geophysicists Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=160>	Salt Lake City	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Ideco H-35 DD Drive-in Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_id=405>	
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Maritime Hydraulics Iron Roughneck <http://www.rigzone.com/market/surplus_listing.asp?eq_id=213>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Electrical Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=952>	
-	Naval Architect <http://www.rigzone.com/jobs/job_posting.asp?p_id=954>	
-	Offshore Safety Coordinator <http://www.rigzone.com/jobs/job_posting.asp?p_id=925>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Electrical & Instrumentation QA/QC Inspector <http://www.rigzone.com/jobs/resume.asp?r_id=3261>	
-	Wo! rkover/Completion Supervisor <http://www.rigzone.com/jobs/resume.asp?r_id=8701>	
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  <http://www.rigzone.com/images/spacer.gif>	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%	(! 13/24)	
200' MS: 	14.3%	(3/21)	
300' IC: 	87.5%	(84/96)	
+300' IC: 	88.9%	(48/54)	
Severe Env.: 	81.0%	(17/21)	
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view complete utilization report <http://www.rigzone.com/data/utilization_trends.asp>	

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  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$21.61/BBL 
(6.09%)	
Brent Crude Oil: 	$22.98/BBL 
(11.28%)	
Natural Gas: 	$2.20/MMBtu 
(-2.65%)	
Unleaded Gasoline: 	$0.63/gal 
(10.53%)	
prices from: 	1/4/2002	
change since: 	1/3/2002	
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