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	Monday February 25, 2002	[IMAGE] 			
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[IMAGE]		      [IMAGE] [IMAGE]     In This! Issue [IMAGE]      [IMAGE]     [IMAGE]    Current Oil and Gas Industry News Top 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    [IMAGE]   [IMAGE]      Industry Headlines [IMAGE]      [IMAGE]     [IMAGE]  Ex-PDVSA President Speaks Out  The ex-president of PDVSA, retired General Guaicapuro Lameda said yesterday, " PDVSA should be run like a for profit business enterprise".  Petrobras To Appeal Court Ruling  Petrobras said it would appeal a $180 million court award to fishermen following a major oil in January 2000.    [IMAGE]   [IMAGE]  advertisem! ent  Welcome to the world of Thuraya, where communication knows no boundaries. Thuraya provides mobile satellite telephony to 99 countries throughout Europe, North and Central Africa, the Middle East, Central Asia and the Indian Sub-continent. With a combination of cellular and satellite phone capabilities bolstered by GPS and data features, Thuraya provides the total communications solution you've been looking for.  Click for more...          Exploration [IMAGE]      [IMAGE]     [IMAGE]  Anson North-1 Well to Be Plugged and Abandoned   Indo-Pacific reports that the Anson North-1 well in permit AC/P 26, offshore West Australia, is a duster.    [IMAGE]   [IMAGE]      Production [IMAGE]      [IMAGE]     [IMAGE]  Pemex To Increase Production Targets  Pemex increases domestic production targets for 2002.  Pakistan and Iran Sign Pipeline MOU  Pakistan and Iran signed a memorandum of understanding to undertake a pre-feasibility study for a proposed 1,600-mile Iran-India gas pipeline.  Vector To Begin Deliveries from Mustang Island Field  Vector Energy Corporation reports that all work on the pipeline from its Mustang Island Field has been completed and the pipeline is ready to commence deliveries.    [IMAGE]   [IMAGE]      Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  3TEC Announces 2001 Results  During 2001 3TEC Energy Corporation achieved record production levels in spite o! f a drilling program delayed due to low natural gas prices and high field-level costs.  PetroChina Downplays Acquisition Talks  PetroChina is downplaying the acquisition talks by describing them as insubstantial.    [IMAGE]   [IMAGE]      Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Hydralift Acquires AmClyde  Hydralift ASA has entered into a contract to acquire substantially all of the assets and activities of AmClyde Engineered Products Company, Inc. from the bankruptcy estate of Friede Goldman Halter, Inc.  Offshore Liftboat Sinks in the Gulf of Mexico  Nineteen rig workers were rescued from the choppy waters off the Alabama coast as the wreckage of the liftboat floated nearby.  Russian Environmentalists Seeking Sakhalin Drilling Ban  A Moscow court will hear a lawsuit in April filed by Russian environmental groups seeking to ban oil and gas projects off Sakhalin island in the Russian Far East.  BP Renames Gulf of Mexico Discovery  BP announced it has retired the name Crazy Horse, and has re-named its major Gulf of Mexico discovery Thunder Horse.  Tesco Awarded Algerian Drilling Contract  The Company has entered into an agreement with Steppe Forage, a major Algerian water well drilling contractor, to Casing Drill(TM) six water wells in western Algeria.  BJ Services Acquires OSCA, Inc.  BJ Services Company has signed a definitive merger agreement to acquire OSCA, Inc. for $28.00 per share.  Bollinger Shipyards to Build Three Supply/Utility Boats Bollinger Shipyards has signed a contract to build three 145 foot supply/utility boats with Edison Chouest Offshore.  BP Announces GOM Pipeline Construction Plans  BP announced plans for the construction of three large-diameter crude oil pipelines to transport oil from the company's major discoveries in the deepwater Gulf of Mexico.  Amerada Hess To Reduce UK Workforce  Amerada Hess will reduce its exploration and production staff based in the UK by approximately 15 precent.  Offshore Nigerian Field Confirmed  Three appraisal wells have confirmed the potential of a previously unknown offshore oil field in Nigeria.  FMC Energy Inks Deal with Norsk Hydro  FMC Energy Systems business has signed a total vendor management frame agreement with Norsk Hydro through 2009.  PetroChina Interested in Husky Assets  PetroChina is considering a multi-billion dollar acquisition of the upstream business in Canada of Husky Energy Inc.    [IMAGE]   [IMAGE]      Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  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 Oil Field Chemistry Symposium - 13th International  Geilo Mar. 20 LNG North America  Houston Apr. 2 e-Business in the E?Industry - Targeting the Value  Houston Apr. 7 CORROSION/2002  Denver Apr. 9 2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 1 Nigeria Oil & Gas 2002  London  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  Click here to go to Baker Hughes  AADE  Global Completion Service  HoverDril  Ocean International   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Pipe Line Corrosion and Cathodic Protection, 3rd Ed.  [IMAGE] [IMAGE]  52 IADC Safety Topics and Records  [IMAGE] [IMAGE]  Fundamentals of Petroleum, 4th Ed.  [IMAGE]  [IMAGE]   [IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  featured equipment: National 1320-M  [IMAGE]   BOP Closing Units  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   fe! atured jobs: - Project Electrical Engineer  - Reliability Assurance Engineer  - Dynamic Positioning,Instrumentation, and Control Systems Engineer   more hot jobs >>   featured candidates: - HSE Advisor  - Drilling Superintendent - Land/Offshore - Wellsite Geologist & Mudlogger   search for candidates >>   [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000': 57.1% (8/14) +5000': 96.0% (24/25)  Semisubs:  2nd Gen: 70.8% (51/72) 3rd Gen: 82.0% (41/50) 4th Gen: 97.4% (37/38) 5th Gen: 85.7% (6/7)  Jackups:  To 200': 55.2% (37/67) 200' MC: 41.7% (10/24) 200' MS: 14.3% (3/21) 300' IC: 90.6% (87/96) +300' IC: 94.4% (51/54) Severe Env.: 85.7% (18/21)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  Light Crude Oil: $21.07/BBL  (0.81%) Brent Crude Oil: $20.35/BBL  (0.00%) Natural Gas: $2.45/MMBtu  (0.41%) Unleaded Gasoline: $0.59/gal  (1.72%) prices from: 2/22/2002 change since: 2/21/2002  [IMAGE]   [IMAGE]    [IMAGE] 	[IMAGE]		
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