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	Monday January 14, 2002	[IMAGE]   		
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[IMAGE]		      [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 Worldwide Offshore Rig Utilization Oil & Gas Prices    [IMAGE]   [IMAGE]       Industry Headlines [IMAGE]      [IMAGE]       UBS Warburg Wins Enron's Trading Operations  UBS Warburg was the successful bidder for Enron's North American wholesale electricity and natural gas trading business.  National-Oilwell Acquires HALCO  National-Oilwell has acquired HAL Oilfield Pump & Equipment Company.    [IMAGE]   [IMAGE]  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            Exploration [IMAGE]      [IMAGE]     [IMAGE]  BG Bids Again for Indian Gas Fields  BG to submit a new bid for the 30 percent interest in the Panna, Mukta and Tapti fields offshore India.  BP Says Skarv Appraisal Well Successful  BP said the results from the Skarv appraisal well are within expectations and production testing will be performed shortly.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [IMAGE]  Snohvit Moving Ahead  Norway's energy ministry has formally proposed advancing the controversial NOK 40 billion for the Barents Sea Snohvit LNG project.  Production Reduced at Norne Field  Bad weather has slowed the output from the Norne field in the Northern Norwegian Sea.  Unocal To Bring North Pailin Onstream This Year   Unocal Thailand will bring natural gas block North Pailin onstream during the second quarter of this year.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  Kongsberg Awarded Crazy Horse Project  Kongsberg Simrad has been awarded a contract for providing an integrated control and monitoring system to BP for the Crazy Horse PDQ semisub.  Aker Lands Kristin Work  Aker Stord has been awarded a contract for appoximately 5 billion NOK to build the topsides for the Kristin platform.  CNOOC Receives Ratings Upgrade  Moody's has upgraded CNOOC's rating from stable to positive! .  This gives CNOOC the highest rating status among all Chinese rated companies from Moody.    [IMAGE]   [IMAGE]  advertisement   [IMAGE] 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.            Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Halliburton Says the Rumors Are Not True  Halliburton says there is no basis for the rumors that the company has filed for bankruptcy.  BP Scales Back Alaskan Operations  BP has decided to downsize its staff in Anchorage and shelve its Liberty project at this time.  PetroChina and Shell Sign Gas Pipeline Deal  PetroChina and Shell have entered into a preliminary agreement for an $18 billion East/West China pipeline project.  Torch Offshore Purchases Construction Vessel   Torch Offshore has purchased a 520-foot vessel which it intends to convert to a DP-2 offshore construction vessel and rename the Midnight Express.  Prosafe Awarded FPSO Work Offshore Nigeria!   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.  Houston Exploration Completes Acquisition  Houston Exploration finalizes South Texas property acquisition from Conoco for $69 million.  Newfield Makes Management Changes  Newfield Exploration has made management changes in Australia and Anadarko Basin office locations.  Unocal Increases Production Offshore Thailand  Unocal Thailand has plans to double the crude output in the Gulf of Thailand this year as part of a six-year development plan.  Kerr-McGee Announces 2002 Capital Budget  Kerr-McGee to allocate $310 million of its 2002 exploration a! nd production budget for the North Sea.  Petrobras Awards FMC $17 Million Contract  FMC will provide Petrobras with three deepwater solutions with a contract value of approximately $17 million.  Devon Hits Offshore Brazil  Devon Energy has made a discovery in the shallow waters of Campos Basin offshore Brazil.  Anderson Employees Destroy Enron Documents  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    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Jan. 22    Alliances and Partnering in Oil & Gas   Singapore Feb. 6     Torch Mid-Winter Energy Conference  New York 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 Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Mar. 20    LNG North America  Houston Apr. 9     2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offshore Technology Conference 2002  Houston  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  Horizon Offshore  Global Completion Service  HoverDril  DataLog  Baker Hughes   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Soil Remediation for the Petroleum Extraction Industry, 2nd Edition  [IMAGE] [IMAGE]  Reservoir Stimulation , 3E  [IMAGE] [IMAGE]  Essentials of Modern Open-Hole Log Interpretation  [IMAGE]  [IMAGE]   [IMAGE]   more products      [IMAGE]  [IMAGE]  featured equipment: Self-Contained Platform Rig  [IMAGE]   Wartsila Generator Sets  [IMAGE]   [IMAGE]    [IMAGE]    more equipment      [IMAGE] [IMAGE]   featured jobs:  - Pipeline Technical Specialist - Advisor  - Deepwater Drilling Engineer  - Sales & A! ccount Manager   more hot jobs >>   featured candidates:  - Gas & Oil Senior Field Development Engineer  - Operations Specialist  - Project Manager   search for candidates >>   [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   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)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  Light Crude Oil:  $19.68/BBL  (-3.81%) Brent Crude Oil:  $20.65/BBL  (-2.96%) Natural Gas:  $2.20/MMBtu  (-0.90%) Unleaded Gasoline:  $0.57/gal  (-3.39%) prices from:  1/11/2002 change since:  1/10/2002  [IMAGE]   [IMAGE]    [IMAGE]  [IMAGE]    [IMAGE]        Promotional Opportunities Become a Sponsor, feature your job opening or, advertise your  upcoming industry conference.  Click here  for more information, send your press release to  info@rigzone.com  or call us at 281-345-4040.   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) and your email address by logging in and updating your account.   Click here to log in .        [IMAGE]