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	Tuesday February 19, 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]       OPEC Holds Output Steady  OPEC output levels are likely to remain the same throughout 2002 if there are no important changes in fundamentals or politics.  ONGC Still Wrangling Over Offshore Fields  ONGC is adamant about securing operatorship of three offshore fields it holds jointly with Enron Oil and Gas India Ltd.    [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]  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.    [IMAGE]   [IMAGE]       Production [IMAGE]           [IMAGE][IMAGE] [IMAGE]  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.  AOC and Kuwait Finalize Deal in March  Kuwait will finalize a deal in March with Japan's Arabian Oil Co Ltd on its role in Neutral Zone oil production after a 40-year concession expires in January 2003.  Jade Field Start-Up Delayed  Phillips Petroleum has delayed the start-up of the Jade Field in the UK North Sea until late February.   Braemer Field Not Expected Onstream This Year  Marathon's Braemar gas and condensate field in the North Sea is unlikely to go onstream as scheduled in 2002.      [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  ExxonMobil Signs MOU with Papua New Guinea Government  Exxon Mobil Corporation has signed a MOU with the Government of PNG on the terms and conditions for developing and producing more than 6 trillion cubic feet of natural gas resources in the Southern Highlands of PNG.  Keppel Awarded Rig Upgrade Contract  ! Keppel FELS Ltd has been awarded a $30 million rig upgrade contract by GlobalSantaFe.    [IMAGE]   [IMAGE]       Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Conoco and Tesco Unveil Revolutionary Drilling Rig  Conoco and Tesco Corporation have jointly announced plans to construct three revolutionary drilling rigs using Tesco's proprietary Casing Drilling(TM) technology.  ExxonMobil Expects to Begin Work at Sakhalin in October  Exxon Neftegas, operator of Russia's Sakhalin-I oil and gas field, will begin drilling operations in two offshore deposits in October of this year.  Halliburton To Provide Its Services To Russia  Halliburton International Inc. and Sibneft, signed an agreement ! that will give Halliburton the ability to deploy all of its product service lines to the Russian oil and gas market.  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.  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.  Hugo Chavez Appoints New Head of PDVSA  President Hugo Chavez on Saturday appointed Gaston Parra as head of state oil company PDVSA.   PanCanadian Drills Another Duster  PanCanadian drills its third duster offshore eastern Canada.  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.  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 and $13.1 million ($0.16 per diluted s! hare) 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.  Prosafe acquires the Polyconcord  Prosafe ASA has entered into an agreement with K/S Rasmussen Offshore A/S for the purchase of the semisubmersible accommodation and service rig Polyconcord.    [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. 9     2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offshore Technology Conference 2002  Houston Jun. 23    Ocean Mechanics and Arctic Engineering 2002  Oslo  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]  Petrophysics: Theory and Practice of Measuring Reservoir Rock and Fluid Properties  [IMAGE] [IMAGE]  Air and Gas Drilling Manual  [IMAGE] [IMAGE]  General Engineering Knowledge  [IMAGE]  [IMAGE]   [IMAGE]   more products   [IMAGE]      [IMAGE] [IMAGE]  featured equipment: Cabot 250 Workover and Drilling Rig   [IMAGE]   Gardner Denver 1100 SCR Rig  [IMAGE]   [IMAGE]   [IMAGE]   more equipment    [IMAGE]   [IMAGE]   featured jobs:  - Operations Superintendent  - I?Technicians/ Overseas Offshore Platform  - Service Manager   more hot jobs >>   featured candidates:  - Commissioning Engineer  - Senior Instrument Engineer  - Safety and Training Co-ordinator   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:  $21.50/BBL  (0.00%) Brent Crude Oil:  $20.86/BBL  (0.00%) Natural Gas:  $2.20/MMBtu  (0.00%) Unleaded Gasoline:  $0.61/gal  (0.00%) prices from:  2/15/2002 ! change since:  2/15/2002  [IMAGE]   [IMAGE]    [IMAGE] 	[IMAGE]		
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