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	Friday
January 11, 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
Oil & Gas Prices

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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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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

Delta Petroleum Files Lawsuit Against U.S. Government <http://www.rigzone.com/news/article.asp?a_id=2365>
Delta Petroleum and several other companies have filed a lawsuit against the U.S. Government alleg! ing that the government has materially breached their leases located offshore California.

Norwegian Pilots Reject Latest CHC Offer <http://www.rigzone.com/news/article.asp?a_id=2364>
The Norwegian Airline Pilots Association has rejected the latest offer by CHC and have made a decision to begin limited work action.

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Abraxas Spuds Ladyfern Well <http://www.rigzone.com/news/article.asp?a_id=2368>
Abraxas spuds first well of a planned six-well program on its Ladyfern prospect in British Columbia, Cananda.

Ecuador Calls Ninth International Bidding Round <http://www.rigzone.com/news/article.asp?a_id=2367>
Petroecuador will have eight blocks available in its ninth bidding round. Four are located offshore and four are located in the Amazon Basin.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Petrobras Sets Production Record <http://www.rigzone.com/news/article.asp?a_id=2371>
Petrobras set a monthly production record in December, averaging 1.5 million barrels a day.

BP 4Q Production Increases <http://www.rigzone.com/news/article.asp?a_id=2370>
BP reported that its total 2001 reported production is projected to increase by around 5.5% compared with 2000.

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Company & Financial News		
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Shell Marine Donates to GOM Conservation Project <http://www.rigzone.com/news/article.asp?a_id=2366>
Shell and the National Fish and Wildlife Foundation have awarded $1.2 million to six Gulf Coast wildlife conservation and research programs.

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

BP Scales Back Alaskan Operations <http://www.rigzone.com/news/article.asp?a_id=2344>
BP has decided to downsize its staff in Anchorage and shelve its Liberty project at this time.

PetroChina and Shell Sign Gas Pipeline Deal <http://www.rigzone.com/news/article.asp?a_id=2350>
PetroChina and Shell have entered into a preliminary agreement for an $18 billion East/West China pipeline project.

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.

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.

Kvaerner 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.

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.

Houston Exploration Completes Acquisition <http://www.rigzone.com/news/article.asp?a_id=2338>
Houston Exploration finalizes South Texas property acquisition from Conoco for $69 million.

Torch Offshore Purchases Construction Vessel  <http://www.rigzone.com/news/article.asp?a_id=2360>
Torch Offshore has purchased a 520-foot ves! sel which it intends to convert to a DP-2 offshore construction vessel and rename the Midnight Express.

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.

Unocal Increases Production Offshore Thailand <http://www.rigzone.com/news/article.asp?a_id=2341>
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 <http://www.rigzone.com/news/article.asp?a_id=2354>
Kerr-McGee to allocate $310 million of its 2002 exploration and production budget for the North Sea.

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Upcoming Oil & Gas Industry Events	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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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 <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	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?eve! nt_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	
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	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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DataLog <http://www.wellwizard.com>
Baker Hughes <http://www.bakerhughes.com/inteq/evaluation/index.htm>
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Emergency Helicopter Abandonment <http://www.rigzone.com/store/product.asp?p_id=418>	
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Introduction to Offshore Safety and Survival, 2nd Ed. <http://www.rigzone.com/store/product.asp?p_id=57>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Wartsila Generator Sets <http://www.rigzone.com/market/surplus_listing.asp?eq_id=382>	
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Cabot 250 Workover and Drilling Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_id=401>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Structural Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=967>	
-	Wellhead-Christmas Tree Specialist <http://www.rigzone.com/jobs/job_posting.asp?p_id=966>	
-	Piping Designer  <http://www.rigzone.com/jobs/job_posting.asp?p_id=964>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Commissioning Supervisor <http://www.rigzone.com/jobs/resume.asp?r_id=9419>	
-	Lead Production Operator <http://www.rigzone.com/jobs/resume.asp?r_id=9274>	
-	Senior Planner & Scheduler <http://www.rigzone.com/jobs/resume.asp?r_id=9272>	
search for candidates >> <http://www.rigzone.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': 	100.0%	(25/25)	
Semisubs:	
2nd Gen: 	68.5%	(50/73)	
3rd Gen: 	84.0%	(42/50)	
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>	

  <http://www.rigzone.com/images/email/title_tab_OilPrices.! gif>	
  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$20.46/BBL 
(0.69%)	
Brent Crude Oil: 	$21.28/BBL 
(2.06%)	
Natural Gas: 	$2.22/MMBtu 
(-1.33%)	
Unleaded Gasoline: 	$0.59/gal 
(1.72%)	
prices from: 	1/10/2002	
change since: 	1/9/2002	
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