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	Wednesday
March 6, 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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Russia Has Yet to Commit to OPEC Cuts <http://www.rigzone.com/news/article.asp?a_id=2773>
OPEC Secretary General Ali Rodriguez said that talks are continuing with Russia to try to convince them to continue export cuts into the second quarter of the year.

UK Gets Tough On Oil Companies <http://www.rigzone.com/news/article.asp?a_id=2769>
The United Kingdom set tough new investment rules for North Sea licenses this week.

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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 <https://www.rigzone.com/admin/news/news_article.asp?action=UPDATE&article_id=2738>. 

	

Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Canadian Natural Resources To Develop Oil Sands Project Alone <http://www.rigzone.com/news/article.asp?a_id=2770>
Canadian Natural Resources Ltd. has dec! ided to build and operate its huge Alberta oil sands project on its own.

ONGC is Looking for Deepwater Partners <http://www.rigzone.com/news/article.asp?a_id=2766>
ONGC is actively searching for joint venture partners to develop deepwater exploration blocks offshore India's east and west coasts. 

Centrica To Develop Bains Gas Field in the North Sea  <http://www.rigzone.com/news/article.asp?a_id=2765>
Centrica PLC has received approval from the U.K. Department of Trade & Industry to develop the Bains natural gas field.

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

Remington Increases Reserves by 29% <http://www.rigzone! .com/news/article.asp?a_id=2763>
Remington Oil and Gas Corporation announced year-end 2001 proved oil and gas reserves of 13.9 MMBO and 112 BCFG or 195 BCFE.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Talisman Says 2001 A Record Year <http://www.rigzone.com/news/article.asp?a_id=2772>
Talisman Energy Inc. generated a record $2.5 billion in cash flow in 2001.

ExxonMobil Continues to See Benefits from Merger <http://www.rigzone.com/news/article.asp?a_id=2771>
ExxonMobil Corp. said it expects to see an extra $1 billion in annual benefits from the 1999 merger of Exxon and Mobil.

Statoil Awards Kristin Contracts <http://www.rigzone.com/news/article.asp?a_id=2768>
Statoil has awarded two contracts with a combined value of around NOK 85 million for the development ! of the Kristin gas and condensate field in the Norwegian Sea.

Kvaerner Wins Oseberg Contract <http://www.rigzone.com/news/article.asp?a_id=2767>
Norsk Hydro has awarded Kvaerner a contract worth NOK 345 million to upgrade gas compression capacity on the Oseberg C platform.

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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 project! s 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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Senior Management Positions Announced by ConocoPhillips <http://www.rigzone.com/news/article.asp?a_id=2710>
Phillips Petroleum Company and Conoco have named the initial members of the ConocoPhillips global management team that will take office after the completion of their proposed merger of equals. 

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.

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

Shallow-Water Malaysia Development Announced by Murphy Oil <http://www.rigzone.com/news/article.asp?a_id=2709>
Murphy Oil Corporation is pleased to announce it has completed a three well exploration and appraisal drilling program offshore Sarawak, Malaysia.

Shortfall Has Egypt Seeking To Delay Paying Foreign Gas Producers <http://www.rigzone.com/news/article.asp?a_id=2707>
Egypt, facing a $2.5 billion current account shortfall since September 11, wants to delay payments to foreign companies producing gas for local consumption.

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. 

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. 

Canadian Natural Resources West Africa Test Well Comes In  <http://www.rigzone.com/news/article.asp?a_id=2715>
Canadian Natural Resources Limited announces that its wholly owned subsidiary in Cote d'Ivoire, has successfully appraised the Baobab oil discovery in deepwater offshore block CI-40. 

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.

Nabors Industries Buys Enserco Energy Service Co. <http://www.rigzone.com/news/article.asp?a_id=2714>
Nabors Industries Inc. announced it will buy Enserco Energy Service Co. for more than $252! million.

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.

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.

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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	
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May. 21 	Oil and Gas in the Gulf of Guinea <http://www.rigzone.com/news/event_detail.as! p?event_id=263>	London	
Jun. 23 	Ocean Mechanics and Arctic Engineering 2002 <http://www.rigzone.com/news/event_detail.asp?event_id=219>	Oslo	
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Dreco 1000 UE Land Rigs <http://www.rigzone.com/market/surplus_listing.asp?eq_id=399>	
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Skytop Brewster Workover Rig  <http://www.rigzone.com/market/surplus_listing.asp?eq_id=301>	
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more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
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-	Subsea Project Manager - Systems Engineer  <http://www.rigzone.com/jobs/resume.asp?r_id=11251>	
-	! Corporate Quality Manager- Safety Manager <http://www.rigzone.com/jobs/resume.asp?r_id=11209>	
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!   <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: 	$23.23/BBL 
(2.79%)	
Brent Crude Oil: 	$22.79/BBL 
(3.92%)	
Natural Gas: 	$2.46/MMBtu 
(-1.20%)	
Unleaded Gasoline: 	$0.73/gal 
(2.82%)	
prices from: 	3/5/2002	
change since: 	3/4/2002	
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