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	Thursday
March 7, 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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A Strike Won't Hamper Venezuelan Output <http://www.rigzone.com/news/article.asp?a_id=2784>
PDVSA says it will continue to pump oil even if a nationwide general strike erupts.

Oman Is Ready To Extend Cuts <http://www.rigzone.com/news/article.asp?a_id=2779>
Oman has stated that it is ready to extend its 40,000 barrel per day crude output cut to the end of the year if necessary.

Norway to Keep Export! Cuts In Place <http://www.rigzone.com/news/article.asp?a_id=2778>
Norwegian Prime Minister Kjell Magne Bondevik said on Wednesday that Oslo aimed to keep its oil curbs in place until the end of June.

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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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! Kerr-McGee and PTTEP Abandon Andaman Block <http://www.rigzone.com/news/article.asp?a_id=2777>
PTTEP and its partner Kerr-McGee are scrapping exploration efforts in the Andaman Sea due to the area's poor potential.

BHP Billiton to Develop Zamzama Field  <http://www.rigzone.com/news/article.asp?a_id=2776>
BHP Billiton has received approval for the development of the Zamzama gas field in southern Pakistan.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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ENI Begins Production from King Kong and Yosemite Projects <http://www.rigzone.com/news/article.asp?a_id=2782>
Eni announced that the King Kong and Yosemite projects in the Gulf of Mexico started production at approximately 120 million cubic feet of natural gas per day.

BP to Bring Vietnamese Fields On Steam in 2003 <http://www.rigzone.com/news/article.asp?a_id=2780>
BP expects the Lan Tay and Lan Do gas fields to come onstream by the first quarter of 2003.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Shell Awards HHI Bonny Terminal Project <http://www.rigzone.com/news/article.asp?a_id=2783>
Hyundai Heavy Industries signed a contract for $600-million for the Bonny Terminal Integrated Project from Shell Petroleum Development Company of Nigeria.

Statoil Awards Two Mikkel Contracts <http://www.rigzone.com/news/article.asp?a_id=2781>
Statoil has awarded two contracts worth a total of NOK 122 million for work on the Mikkel gas and condensate field in the Norwegian Sea.

CB&I Awarded Qatif Project in Saudi Arabia <http://www.rigzone.com/news/article.asp?a_id=2775>
Chicago Bridge & Iron Company has been awarded a lump sum turnkey contract valued at approximately US ! $105 million by Saudi Aramco.

Conoco and Phillips Receive European and Canadian Clearance <http://www.rigzone.com/news/article.asp?a_id=2774>
Conoco announced that the European Commission has completed its investigation of Conoco's proposed merger with Phillips.

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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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Enterprise Oil scraps Llano Floating Production Unit Plan <http://www.rigzone.com/news/article.asp?a_id=2720>
EEX Corp's floating production unit being considered to develop the Gulf of Mexico Garden Banks Llano field has been scrapped.

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 p! ost of President and COO. 

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.

Akom Oil Discovery Offshore Equatorial Guinea reported by Amerada Hess  <http://www.rigzone.com/news/article.asp?a_id=2716>
Amerada Hess Corporation reported another oil discovery offshore Equatorial Guinea on Block G in the Rio Muni Basin. 

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.

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. 

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.

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.

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.

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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/>	

	

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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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2000 USA Oil Industry Directory on CD-ROM <http://www.rigzone.com/store/product.asp?p_id=130>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Gardner Denver 2100 E Drawworks <http://www.rigzone.com/market/surplus_listing.asp?eq_id=319>	
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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: 	
-	Pipeline Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=1085>	
-	Crew Vessel Captain <http://www.rigzone.com/jobs/job_posting.asp?p_id=1033>	
-	Senior Structural Engineer  <http://www.rigzone.com/jobs/job_posting.asp?p_id=995>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Senior Production Foreman - International <http://www.rigzone.com/jobs/resume.asp?r_id=11266>	
-	Reservoir Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=11260>	
-	Petroleum Engineering Technician  <http://www.rigzone.com/jobs/resume.asp?r_id=11261>	
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': 	55.2%	(37/67)	
200' MC: 	41.7%	(10/24)	
200' MS: 	14.3%	(3/21)	
300' IC: 	90.6%	(87/96)	
+300' IC: 	94.4%	(51/54)	
Severe Env.: 	85.7%	(18/21)	
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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: 	$23.40/BBL 
(0.73%)	
Brent Crude Oil: 	$22.72/BBL 
(-0.31%)	
Natural Gas: 	$2.60/MMBtu 
(5.69%)	
Unleaded Gasoline: 	$0.75/gal 
(2.74%)	
prices from: 	3/6/2002	
change since: 	3/5/2002	
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