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	Wednesday
January 9, 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
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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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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.

Collision Near Sleipner B Platform Averted <http://www.rigzone.com/news/article.asp?a_id=2343>
Emergency measures were put into action when two fishing trawlers were seen headed for the unmanned Sleipner B platform.

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Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Ocean Energy Increases Acreage Offshore Angola <http://www.rigzone.com/news/article.asp?a_id=2355>
Ocean Energy acquires 35% interest in Block 10 offshore Angola and will serve as operator.

Malaysia, Indonesia & Vietnam Enter Joint Venture  <http://www.rigzone.com/news/article.asp?a_id=2347>
The national oil companies of Malaysia, Indonesia and Vietnam have signed a joint venture agreement to explore for oil offshore Vietnam.

Apache Hits Again in Egypt <http://www.rigzone.com/news/article.asp?a_id=2346>
Apache has completed the Khepri Well in Egypt's Western Desert. The well tested at 29.5 million cubic feet of gas and 220 barrels of condensate per day. 

PGS Takes Interest in Varg Field <http://www.rigzone.com/news/article.asp?a_id=2345>
PGS purchases Norsk Hydro's 42% share in License PL038 in the Norwegian sector of the North Sea. 

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

KNOC To Ink Deal with PetroVietnam <http://www.rigzone.com/news/article.asp?a_id=2349>
KNOC is hoping to sign an agreement with PetroVietnam to receive gas from the Rong Doi field.

Jacobs Joins NAM Consortium <http://www.rigzone.com/news/article.asp?a_id=2348>
Jacobs Engineering has been awarded formal approval to become a member of the NAM Consortium.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Kerr-McGee Announces 2002 Capital Budget
Kerr-McGee to allocate $310 million of its 2002 exploration and production budget for the North Sea.

Northern Offshore Announces Organizational Changes <http://www.rigzone.com/news/article.asp?a_id=2353>
Northern Offshore has moved its corporate offices from Norway to Bermuda.

Landmark Opens New Office in Anchorage <http://www.rigzone.com/news/article.asp?a_id=2352>
Landmark Graphics has opened a new technical assistance support office in Anchorage, Alaska.

EEX's 2001 Operations Review <http://www.rigzone.com/news/article.asp?a_id=2351>
EEX summarizes its 2001 U.S. and international operations activities.

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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.

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.

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.

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.

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.

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.

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.

Marathon Begin! s 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.

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.

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.

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.

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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 Co! nference & 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	
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	
Aug. 27 	ONS 2002 Conference and Exhibition <http://www.rigzone.com/news/event_detail.asp?event_id=80>	Stavanger	
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Nat! ional 1320-UE, National 1320-M and Oilwell 840-E <http://www.rigzone.com/market/surplus_listing.asp?eq_id=383>	
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Dreco 1000 UE Land Rigs <http://www.rigzone.com/market/surplus_listing.asp?eq_id=399>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Senior Operations Manager <http://www.rigzone.com/jobs/job_posting.asp?p_id=962>	
-	Contract Manager <http://www.rigzone.com/jobs/job_posting.asp?p_id=961>	
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more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Petroleum Engineer - Drilling & Production <http://www.rigzone.com/jobs/resume.asp?r_id=9726>	
-	Operations Coordinator <http://www.rigzone.com/jobs/resume.asp?r_id=9693>	
-	Well Rounded Petroleum Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=9694>	
search for candidates >> <http://www.rigzone.com/jobs/search_resume.asp>	
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  <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: 	$20.73/BBL 
(-3.49%)	
Brent Crude Oil: 	$22.00/BBL 
(0.14%)	
Natural Gas: 	$2.29/MMBtu 
(-29.32%)	
Unleaded Gasoline: 	$0.59/gal 
(3.51%)	
prices from: 	1/8/2002	
change since: 	1/7/2002	
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