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	Wednesday January 9, 2002	[IMAGE]   		
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[IMAGE]		      [IMAGE] [IMAGE]      In This Issue [IMAGE]      [IMAGE]     [IMAGE]    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    [IMAGE]   [IMAGE]       Industry Headlines [IMAGE]      [IMAGE]       BP Scales Back Alaskan Operations  BP has decided to downsize its staff in Anchorage and shelve its Liberty project at this time.  Collision Near Sleipner B Platform Averted  Emergency measures were put into action when two fishing trawlers were seen headed for the unmanned Sleipner B platform.    [IMAGE]   ! [IMAGE]       Exploration [IMAGE]      [IMAGE]     [IMAGE] !  Ocean Energy Increases Acreage Offshore Angola  Ocean Energy acquires 35% interest in Block 10 offshore Angola and will serve as operator.  Malaysia, Indonesia & Vietnam Enter Joint Venture   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  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  PGS purchases Norsk Hydro's 42% share in License PL038 in the Norwegian sector of the North Sea.     [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [IMAGE]  PetroChina and Shell Sign Gas Pipeline Deal  PetroChina and Shell have entered into a preliminary agreement for an $18 billion East/West China pipeline project.  KNOC To Ink Deal with PetroVietnam  KNOC is hoping to sign an agreement with PetroVietnam to receive gas from the Rong Doi field.  Jacobs Joins NAM Consortium  Jacobs Engineering has been awarded formal approval to become a member of the NAM Consortium.       [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  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  Northern Offshore has moved its corporate offices from Norway to Bermuda.  Landmark Opens New Office in Anchorage  Landmark Graphics has opened a new technical assistance support office in Anchorage, Alaska.  EEX's 2001 Operations Review  EEX summarizes its 2001 U.S. and international operations activities.    [IMAGE]   [IMAGE]  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 [IMAGE]      [IMAGE]     [IMAGE]  Halliburton Says the Rumors Are Not True  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  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  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  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  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  Marathon has completed its acquisition of CMS Energy's interests in Equatorial Guinea for $993 million.  FMC Corporation Spins Off FMC Technologies  FMC Corporation has distributed all of its remaining shares in FMC Technologies making it a fully independent company.  SMOE Awarded North Sea Platform Contract  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  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  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  Newfield Exploration has made management changes in Australia and Anadarko Basin office locations.  Houston Exploration Completes Acquisition  Houston Exploration finalizes South Texas property acquisition from Conoco for $69 million.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Jan. 22    Alliances and Partnering in Oil & Gas   Singapore Feb. 6     Torch Mid-Winter Energy Conference  New York Feb. 7     Marine Construction 2002  Houston Feb. 10    2002 SPE International Petroleum Co! nference & Exhibition in Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibition   Dallas Feb. 27    Human Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Apr. 9     2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offshore Technology Conference 2002  Houston Aug. 27    ONS 2002 Conference and Exhibition  Stavanger  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  INTEC  Horizon Offshore  Global Completion Service  HoverDril  DataLog   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Managing the Offshore Installation Workforce  [IMAGE] [IMAGE]  Accident Prevention Reference Guide  [IMAGE] [IMAGE]  Safety and Security at Sea  [IMAGE]  [IMAGE]   [IMAGE]   more products      [IMAGE] [IMAGE]  featured equipment: Nat! ional 1320-UE, National 1320-M and Oilwell 840-E  [IMAGE]   Dreco 1000 UE  Land Rigs  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs:   - Senior Operations Manager   - Contract Manager   - Senior Pipeline Engineer    more hot jobs >>    featured candidates:   - Petroleum Engineer - Drilling & Production   - Operations Coordinator   - Well Rounded Petroleum Engineer    search for candidates >>  [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   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)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  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  [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]