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From: newsletter@rigzone.com [mailto:newsletter@rigzone.com]
Sent: Thursday, March 07, 2002 5:11 PM
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Subject: RIGZONE Industry News


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	Friday
March 8, 2002	  <http://www.sgievent.com/upstream/> 		
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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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Snow White Receives Approval <http://www.rigzone.com/news/article.asp?a_id=2794>
Norway's parliament approved the project to develop the Snow White natural gas field in the Barents Sea. 

PDVSA Employees Increase Protests <http://www.rigzone.com/news/article.asp?a_id=2793>
Dissident employees of PDVSA decided to intensify their campaign in protest of recnet senior management changes. 

	

Mobile MapWorks Plus 

Logica announces the release of its map-based field solutions offering, Mobile MapWorks Plus. This map-based field solution suite provides an innovative approach to mobile computing that addresses the many field requirements of energy and utility companies. For more information click here <http://www.rigzone.com/news/article.asp?a_id=2738>. 


	

Exploration	   <http://www.rigzone.com/images/email/title_Corner.gif>	
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Talisman Hits Offshore Trinidad <http://www.rigzone.com/news/article.asp?a_id=2786>
Talisman Energy Inc. has announced its Kairi-2 appraisal well in Trinidad has tested oil. 

Parker Drilling Awarded Sakhalin Drilling Project <http://www.rigzone.com/news/articl!e.asp?a_id=2785>
Parker Drilling Company has been awarded new contracts to build and operate a rig to drill extended reach wells to offshore targets from a land-based location on Sakhalin Island, Russia. 

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Production	   <http://www.rigzone.com/images/email/title_Corner.gif>	
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DONG To Bring Two Fields Onstream in 2003 <http://www.rigzone.com/news/article.asp?a_id=2788>
Two new oil fields in the Danish part of the North Sea, Nini and Cecilie, are expected to go on stream in the summer of 2003. 

Statoil Wins NPD Award <http://www.rigzone.com/news/article.asp?a_id=2791>
The Norne license and Statoil specialist, Egil Sunde, have jointly won the Norwegian Petroleum Directorate's improved oil recovery (IOR) prize. 

Norway Debates Over Snow White Field Deve! lopment <http://www.rigzone.com/news/article.asp?a_id=2787>
Norway's parliament is debating over a plan to develop its first natural gas field in the Barents Sea. 

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Company & Financial News	   <http://www.rigzone.com/images/email/title_Corner.gif>	
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Keppel FELS Receives Kudos From Diamond Offshore  <http://www.rigzone.com/news/article.asp?a_id=2790>
Keppel FELS reports that work went so well on the Ocean Baroness upgrade that it earned not only a cash bonus but also another contract from Diamond for similar work on the Ocean Rover. 

Weatherford Achieves Milestone <http://www.rigzone.com/news/article.asp?a_id=2789>
Weatherford's Completion Systems division has successfully deployed its first Expandable Liner Hanger in YPF Maxus' Cinta E-11 well offshore Indonesia. 

SA Five Engineering Wins Upgrade Contract <http://www.rigzone.com/news/article.asp?a_id=2792>
Bluewater Energy Services B.V. ha! s awarded a contract to SA Five Engineering for the upgrade of the FPSO Glas Dowr. 

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Resume of Marc Babineaux 

Mr. Marc Babineaux is available for assignment as a full-time, permanent employee or on a contract basis. Mr. Babineaux is a deepwater driling consultant with 20 years experience. He has most recently worked in the Gulf of Mexico on exploration projects in 3,500 to 7,700 feet of water. Click here <http://www.rigzone.com/jobs/resume.asp?r_id=10548> to view a complete copy of his resume or call 1-337-367-1100 to arrange for an interview. 


	

Last 7 Days Top Stories	   <http://www.rigzone.com/images/email/title_Corner.gif>	
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Halliburton Performs First Downhole Well Testing Using ATS <http://www.rigzone.com/news/article.asp?a_id=2752>
Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry System (ATS(TM)) for Gaz de France, off the coast of the Netherlands. 

Schlumberger Makes Management Changes <http://www.rigzone.com/news/article.asp?a_id=2729>
Schlumberger Oilfield Services has appointed Andrew Gould to the post of President and COO. 

Weatherford and Shell Accelerate Expandable Technology Development <http://www.rigzone.com/news/article.asp?a_id=2759>
Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology. 

TotalFina Elf Shuts In Wells Due to Gas Blowout <http://www.rigzone.com/news/article.asp?a_id=2757>
TotalFinaElf has begun efforts to stop the flow of natural gas! and regain control of a well which erupted Friday afternoon during drilling operations in East Kalimantan. 

Tidewater Takes Delivery of Supply Vessels <http://www.rigzone.com/news/article.asp?a_id=2727>
Tidewater has taken delivery of two supply vessels. Both vessels entered the fleet with contracts in hand. 

Hornbeck-Leevac Reports 2001 Results <http://www.rigzone.com/news/article.asp?a_id=2733>
Hornbeck-Leevac Marine Services, Inc. announced that revenues for the quarter ended December 31, 2001 increased 117.0 percent to $21.7 million compared to $10.0 million for the same quarter in 2000. 

Marathon To Develop UK Pipeline <http://www.rigzone.com/news/article.asp?a_id=2732>
Marathon Oil Company announced plans to lead an initiative for a new North Sea natural gas pipeline designed to provide additional gas for the UK market. 

Dril-Quip Sees! 24% Increase in Results for 2001 <http://www.rigzone.com/news/article.asp?a_id=2731>
Net income for the twelve months ended December 31, 2001 was $12.2 million, up from $11.0 million for the same period in 2000. 

PanCandian Files Deep Panuke Regulatory Applications <http://www.rigzone.com/news/article.asp?a_id=2749>
PanCanadian Energy filed regulatory applications for development of the Deep Panuke natural gas project offshore Nova Scotia. 

ExxonMobil Exits Turkmenistan <http://www.rigzone.com/news/article.asp?a_id=2750>
ExxonMobil Corp. will shut down its operations in Turkmenistan after disappointing test wells. 

Technip Wins Saudi Expansion Project <http://www.rigzone.com/news/article.asp?a_id=2764>
Technip-Coflexip has been awarded, by Saudi Arabian Oil Company, a major lump sum turnkey contract for the expansion of the Berri gas plant. 

AJ Lucas Wins Major Directional Drilling W! ork <http://www.rigzone.com/news/article.asp?a_id=2734>
AJ Lucas has successfully secured the contract to directionally drill under 12 rivers in the northern section of Tasmania for the Duke Energy Pipeline. 

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The SGI Energy Summit 2002 - Visualizing the Future
 <http://www.sgievent.com/upstream/> Hear what leaders of top corporations, crucial software providers, and key policy makers have to say about the impact of advanced technology on the future of our industry. This summit promises to fish for all the critical answers to this industry's future success. To learn more, click here! <http://www.sgievent.com/upstream/>	

	

Upcoming Oil & Gas Industry Events	   <http://www.rigzone.com/images/email/title_Corner.gif>	
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Mar. 10 	AAPG Annual Meeting <http://www.rigzone.com/news/event_detail.asp?event_id=21>	 Houston	
Mar. 17 	Oil Field Chemistry Symposium - 13th International <http://www.rigzone.com/news/event_detail.asp?event_id=224>	 Geilo	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	 Houston	
Apr. 2 	e-Business in the E&P Industry - Targeting the Value <http://www.rigzone.com/news/event_detail.asp?event_id=228> Houston	
Apr. 7 	CORROSION/2002 <http://www.rigzone.com/news/event_detail.asp?event_id=254>	 Denver	
Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=41>	 Houston	
May. 1 	Nigeria Oil & Gas 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=256>	 London	
May. 6 	Offshore Technology Conference 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=31>	 Houston	
May. 21 	Oil and Gas in the Gulf of Guinea <http://www.rigzone.com/news/event_detail.asp?event_id=263>	 London	
Jun. 23 	Ocean Mechanics and Arctic Engineering 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=219>	 Oslo	
list your co! nference <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>	Click here to go to Baker Hughes <http://www.bakerhughes.com/> 
INTEC <http://www.intecengineering.com> 
HoverDril <http://www.hoverdril.com>
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Petroleum Industry Fundamentals Chart <http://www.rigzone.com/store/product.asp?p_id=108>	
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Handbook of Oil Industry Terms & Phrases, 5th Edition <http://www.rigzone.com/store/product.asp?p_id=139>	
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D & D Standard Oil Abbreviator, 4th Edition <http://www.rigzone.com/store/product.asp?p_id=140>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Ambar Marine 26' Fast Rescue Boats <http://www.rigzone.com/market/surplus_listing.asp?eq_id=419>	
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Gardner Denver 2100 E Drawworks <http://www.rigzone.com/market/surplus_listing.asp?eq_id=319>	
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more equipment <http://www.rigzone.com/market/>	

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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	 Recruiter <http://www.rigzone.com/jobs/job_posting.asp?p_id=1093>	
-	 Senior Electrical Technician <http://www.rigzone.com/jobs/job_posting.asp?p_id=1090>	
-	 Senior Welding Supervisior <http://www.rigzone.com/jobs/job_posting.asp?p_id=1089>	! 
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	 Wellsite Supervisor <http://www.rigzone.com/jobs/resume.asp?r_id=10411>	
-	 Network Administrator <http://www.rigzone.com/jobs/resume.asp?r_id=11296>	
-	 Environmental Management <http://www.rigzone.com/jobs/resume.asp?r_id=11284>	
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': 	57.1%	 (8/14)	
+5000': 	96.0%	 (24/25)	
Semisubs:	
2nd Gen: 	70.8%	 (51/72)	
3rd Gen: 	82.0%	 (41/50)	
4th Gen: 	94.7%	 (36/38)	
5th Gen: 	85.7%	 (! 6/7)	
Jackups:	
To 200': 	56.1%	 (37/66)	
200' MC: 	41.7%	 (10/24)	
200' MS: 	14.3%	 (3/21)	
300' IC: 	89.6%	 (86/96)	
+300' IC: 	94.4%	 (51/54)	
Severe Env.: 	85.7%	 (18/21)	
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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: 	$23.73/BBL 
(1.41%)	
Brent Crude Oil: 	$23.30/BBL 
(2.55%)	
Natural Gas: 	$2.80/MMBtu 
(7.69%)	
Unleaded Gasoline: 	$0.76/gal 
(1.33%)	
prices from: 	3/7/2002	
change since: 	3/6/2002	
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Promotional Opportunities
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