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	Thursday
January 10, 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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Congressional Panel Handing Out Subpoenas to Enron <http://www.rigzone.com/news/article.asp?a_id=2363>
Fifty-one subpoenas seeking documents on the collapse of Enron Corp. will be issued on January 11, 2002 by the Senate's Permanent Subcommittee on Investigations. 

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Novus Petroleum Hits in ! the Gulf of Mexico <http://www.rigzone.com/news/article.asp?a_id=2362>
The La Playa-1 well in the western Gulf of Mexico offshore Padre Island has discovered natural gas.

Devon Hits Offshore Brazil <http://www.rigzone.com/news/article.asp?a_id=2361>
Devon Energy has made a discovery in the shallow waters of Campos Basin offshore Brazil.

Havsule Drilling Behind Schedule <http://www.rigzone.com/news/article.asp?a_id=2357>
Bad weather and rough seas have delayed drilling at BP's Havsule prospect in the Norwegian sector of the North Sea.

Marabou-1 Comes Up Dry <http://www.rigzone.com/news/article.asp?a_id=2356>
The Marabou-1 well offshore Western Australia has been plugged and abandoned. 

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Petrobras Awards FMC $17 Million Contract <http://www.rigzone.com/news/article.asp?a_id=2358>
FMC will provi! de Petrobras with three deepwater solutions with a contract value of approximately $17 million.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Torch Offshore Purchases Construction Vessel  <http://www.rigzone.com/news/article.asp?a_id=2360>
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.

Anadarko Makes Top Management Changes <http://www.rigzone.com/news/article.asp?a_id=2359>
Anadarko has promoted John Seitz to the position of Chief Executive Officer.

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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.

MMS Approves Use of FPSOs In Gulf of Mexico <http://www.rigzone.com/news/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.

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.

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 B! oard of Directors has approved a plan to reorganize the company and change its place of incorporation from Delaware to Bermuda.

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.

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 the New York Stock Exchange as a standalone company following the separation of Marathon Group and U.S. Steel.

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.

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.

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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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?event_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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  <http://www.rigzone.com/images/spacer.gif>	INTEC <http://www.intecengineering.com>
Horizon Offshore <http://www.horizonoffshore.com>
Global Completion Service <http://www.globalcompletion.com>
HoverDril <http://www.hoverdril.com>
DataLog <http://www.wellwizard.com>
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Drilling Technology in Nontechnical Language <http://www.rigzone.com/store/product.asp?p_id=88>	
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Nontechnical Guide to Petroleum Geology, Exploration, Drilling, and Production, 2nd Ed. <http://www.rigzone.com/store/product.asp?p_id=98>	
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An Introduction to Marine Drilling <http://www.rigzone.com/store/product.asp?p_id=2>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Cabot 250 Workover and Drilling Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_i! d=401>	
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National 1320-UE, National 1320-M and Oilwell 840-E <http://www.rigzone.com/market/surplus_listing.asp?eq_id=383>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Safety Advisors <http://www.rigzone.com/jobs/job_posting.asp?p_id=960>	
-	Proposal Specialist Job Code 4391 <http://www.rigzone.com/jobs/job_posting.asp?p_id=881>	
-	Paramedic, Safety Rep <http://www.rigzone.com/jobs/job_posting.asp?p_id=957>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Experienced Procurement and Logistics Manager <http://www.rigzone.com/jobs/resume.asp?r_id=9710>	
-	Drilling & Completions Consultant <http://www.rigzone.com/jobs/resume.asp?r_id=9682>	
-	Mechanical Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=9636>	
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: 	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: 	$20.32/BBL 
(-1.98%)	
Brent Crude Oil: 	$20.85/BBL 
(-5.23%)	
Natural Gas: 	$2.25/MMBtu 
(-1.75%)	
Unleaded Gasolin! e: 	$0.58/gal 
(-1.69%)	
prices from: 	1/9/2002	
change since: 	1/8/2002	
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