[IMAGE]		
	Wednesday February 20, 2002	[IMAGE] 			
			[IMAGE]		
			[IMAGE]		
[IMAGE]		 RIGZONE [IMAGE] [IMAGE] [IMAGE]!  	[IMAGE]		
[IMAGE]		home  | news  | search  | maps  | data  | jobs  | market  | stor!  	[IMAGE]		
			[IMAGE]		
[IMAGE]		      [IMAGE] [IMAGE]     In T! his 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 Oilfi! eld Equipment For Sale Worldwide Offshore Rig Utilization Oil & Gas Prices    [IMAGE]   [IMAGE]      Industry Headlines [IMAGE]      [IMAGE]     [IMAGE]  Pertamina Expected to Reduce Workforce  Pertamina upstream director Iin Arifin Takhyan said that 10,000 jobs would go, reducing the workforce to 16,000.  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.    [IMAGE]   [IMAGE]  advertisement  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]  Pertamina To Bid for Egyptian Oil Projects  Pertamina plans to enter a bid for a tender to operate Egyptian oil fields in the Nile Delta, the Suez and the desert west of Cairo in April.  BP Wants to Sell Stake in Gulf of Thailand  BP hopes to sell a 25 percent stake in block A-18 in the Gulf of Thailand by the end of 2002.  Enterprise Looking to Salvage Iran Bid  Enterprise Oil is in last minute negotiations with Petropars to revise the buyback contract for phases six through eight of Iran's massive South Pars gas project.    [IMAGE]   [IMAGE]      Production [IMAGE]      [IMAGE]     [IMAGE]  ENI Completes Blue Stream Pipeline  The record-breaking gas pipeline Blue Stream is now a reality. The first line of this unique infrastructure that connects Russia to Turkey has been completed.  El Paso Energy to Acquire El Paso Corp. Pipeline Assets  El Paso Energy Pa! rtners LP plans to buy $750 million of natural gas pipelines and energy assets from El Paso Corp. to boost dividends.    [IMAGE]   [IMAGE]      Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  PetroChina Interested in Husky Assets  PetroChina is considering a multi-billion dollar acquisition of the upstream business in Canada of Husky Energy Inc.  2001 Good Year for Statoil  Statoil achieved a good result in 2001. Income before tax for 2001 totaled NOK 56.2 billion (USD 6.2 billion) as against NOK 60 billion (USD 6.8 billion) the year before.  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.    [IMAGE]   [IMAGE]      Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  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.  Ottawa Could Open Coast to Offshore Drilling  Ottawa officials said they are prepared to consider a proposal to remove the long-standing moratorium on offshore oil and gas drilling in British Columbia.  El Paso Pulls The Trigger on Major GOM Pipeline  El Paso Energy Partners, L.P. will build and operate the Cameron Highway Oil Pipeline System, a major new 380-mile oil pipeline in the Gulf of Mexico.  PanCanadian Drills Another Duster  PanCanadian drills its third duster offshore eastern Canada.  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.  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.  National Oilwell Posts 2001 Record Revenues and Net Income  National-Oilwell, Inc. reported 2001 revenues and net income of $1747.5 million and $104.1 million ($1.27 per diluted share), up from $1149.9 million an! d $13.1 million ($0.16 per diluted share) in the prior year.  Brunei Creates New State-Owned Oil Company  Brunei is set to play a bigger role in the global oil and gas scene under the newly established state-owned PetroleumBRUNEI.  Amerada Hess Resumes Production at Ceiba  Amerada Hess Corporation announced that the Ceiba Field offshore Equatorial Guinea resumed oil production in late January and is now flowing at rates in excess of 50,000 barrels of oil per day.  Amerada Hess To Reduce UK Workforce  Amerada Hess will reduce its exploration and production staff based in the UK by approximately 15 precent.  Prosafe acquires the Polyconcord  Prosafe ASA has entered into an agreement with K/S Ra! smussen Offshore A/S for the purchase of the semisubmersible accommodation and service rig Polyconcord.  Offshore Nigerian Field Confirmed  Three appraisal wells have confirmed the potential of a previously unknown offshore oil field in Nigeria.    [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. 6 Offshore Tec! hnology Conference 2002  Houston  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]  Operation, Maintenance & Safety of Hydraulic Box Boom Marine Cranes  [IMAGE] [IMAGE]  Introduction to Hydraulic Lattice Boom Marine Cranes  [IMAGE] [IMAGE]  How to Read a Lift Chart  [IMAGE]  [IMAGE]   [IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  featured equipment: Ambar Marine 26' Fast Rescue Boats  [IMAGE]   Cabot 250 Workover and Drilling Rig  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   fe! atured jobs: - Dynamic Positioning,Instrumentation, and Control Systems Engineer  - Land (Drilling) Safety Technician  - Applications Engineering - Well Modeling   more hot jobs >>   featured candidates: - Drilling and Completion Operations Manager  -!  Subsea Trees & Wellheads Specialist  - Slickline Supervisor   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: 86.0% (43/50) 4th Gen: 100.0% (38/38) 5th Gen: 85.7% (6/7)  Jackups:  To 200': 55.2% (37/67) 200' MC: 50.0%!  (12/24) 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: $20.70/BBL  (-3.72%) Brent Crude! Oil: $20.52/BBL  (-1.63%) Natural Gas: $2.43/MMBtu  (10.45%) Unleaded Gasoline: $0.59/gal  (-3.28%) prices from: 2/19/2002 change since: 2/15/2002  [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]