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	Monday
January 14, 2002	 <http://www.sonsub.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
Oil & Gas Prices

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Industry Headlines	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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UBS Warburg Wins Enron's Trading Operations <http://www.rigzone.com/news/article.asp?a_id=2380>
UBS Warburg was the successful bidder for Enron's North American wholesale electricity and natural gas trading business.

National-Oilwell Acquires HALCO <http://www.rigzone.com/news/article.asp?a_id=2375>
National-Oilwell has acquired HAL Oilfield Pump & Equipment Company.

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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> 

	

Exploration	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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BG Bids Again for Indian Gas Fields <http://www.rigzone.com/news/article.! asp?a_id=2381>
BG to submit a new bid for the 30 percent interest in the Panna, Mukta and Tapti fields offshore India.

BP Says Skarv Appraisal Well Successful <http://www.rigzone.com/news/article.asp?a_id=2373>
BP said the results from the Skarv appraisal well are within expectations and production testing will be performed shortly.

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Production	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Snohvit Moving Ahead <http://www.rigzone.com/news/article.asp?a_id=2378>
Norway's energy ministry has formally proposed advancing the controversial NOK 40 billion for the Barents Sea Snohvit LNG project.

Production Reduced at Norne Field <http://www.rigzone.com/news/article.asp?a_id=2376>
Bad weather has slowed the output from the Norne field in the Northern Norwegian Sea.

Unocal To Bring North Pailin Onstream This Year  <http://www.rig! zone.com/news/article.asp?a_id=2372>
Unocal Thailand will bring natural gas block North Pailin onstream during the second quarter of this year.

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Company & Financial News	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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Kongsberg Awarded Crazy Horse Project <http://www.rigzone.com/news/article.asp?a_id=2379>
Kongsberg Simrad has been awarded a contract for providing an integrated control and monitoring system to BP for the Crazy Horse PDQ semisub.

Aker Lands Kristin Work <http://www.rigzone.com/news/article.asp?a_id=2377>
Aker Stord has been awarded a contract for appoximately 5 billion NOK to build the topsides for the Kristin platform.

CNOOC Receives Ratings Upgrade <http://www.rigzone.com/news/article.asp?a_id=2374>
Moody's has upgraded CNOOC's rating from stable to positive! . This gives CNOOC the highest rating status among all Chinese rated companies from Moody.

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advertisement	
 <http://www.rigzone.com/news/event_detail.asp?event_id=194> Human Resources in Oil and Gas is the comprehensive HR forum for the industry. The conference will deal with attracting and retaining quality staff and dealing with the effects of mergers, acquisitions, and restructuring. This conference is a must for anyone involved in the often hectic human resources decisions of todays oil and gas companies. HR in Oil and Gas is being held in Aberdeen on February 27 and 28. Click here for more information. <http://www.rigzone.com/news/event_detail.asp?event_id=194> 	

	

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.

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.

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.

Torch Offshore Purchases Construction Vessel  <http://www.rigzone.com/news/article.asp?a_id=2360>
Torch Offshore has purchased a 520-foot vessel which it intends to convert to a DP-2 offshore construction vessel and rename the Midnight Express.

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.

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.

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.

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.

Kerr-McGee Announces 2002 Capital Budget <http://www.rigzone.com/news/article.asp?a_id=2354>
Kerr-McGee to allocate $310 million of its 2002 exploration a! nd production budget for the North Sea.

Petrobras Awards FMC $17 Million Contract <http://www.rigzone.com/news/article.asp?a_id=2358>
FMC will provide Petrobras with three deepwater solutions with a contract value of approximately $17 million.

Devon Hits Offshore Brazil <http://www.rigzone.com/news/article.asp?a_id=2361>
Devon Energy has made a discovery in the shallow waters of Campos Basin offshore Brazil.

Anderson Employees Destroy Enron Documents <http://www.rigzone.com/news/article.asp?a_id=2369>
Andersen reports that individuals in the firm have disposed of a significant number of electronic and paper documents and correspondence relating to the Enron account

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Upcoming Oil & Gas Industry Events	  <http://www.rigzone.com/images/email/title_Corner.gif>	
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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 Conference & 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	
Mar. 20 	LNG North America <http://www.rigzone.com/news/event_detail.asp?event_id=201>	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	
list your conference <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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  <http://www.rigzone.com/images/spacer.gif>	Horizon Offshore <http://www.horizonoffshore.com>
Global Completion Service <http://www.globalcompletion.com>
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DataLog <http://www.wellwizard.com>
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Soil Remediation for the Petroleum Extraction Industry, 2nd Edition <http://www.rigzone.com/store/product.asp?p_id=165>	
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Essentials of Modern Open-Hole Log Interpretation <http://www.rigzone.com/store/product.asp?p_id=147>	
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  <http://www.rigzone.com/images/spacer.gif>	featured equipment:	
Self-Contained Platform Rig <http://www.rigzone.com/market/surplus_listing.asp?eq_id=397>	
 <http://www.rigzone.com/market/surplus_listing.asp?eq_id=397>
	
Wartsila Generator Sets <http://www.rigzone.com/market/surplus_listing.asp?eq_id=382>	
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  <http://www.rigzone.com/images/spacer.gif>	featured jobs: 	
-	Pipeline Technical Specialist - Advisor <http://www.rigzone.com/jobs/job_posting.asp?p_id=965>	
-	Deepwater Drilling Engineer <http://www.rigzone.com/jobs/job_posting.asp?p_id=905>	
-	Sales & A! ccount Manager <http://www.rigzone.com/jobs/job_posting.asp?p_id=963>	
more hot jobs >> <http://www.rigzone.com/jobs/hot_jobs.asp>	
featured candidates: 	
-	Gas & Oil Senior Field Development Engineer <http://www.rigzone.com/jobs/resume.asp?r_id=9769>	
-	Operations Specialist <http://www.rigzone.com/jobs/resume.asp?r_id=9813>	
-	Project Manager <http://www.rigzone.com/jobs/resume.asp?r_id=9735>	
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': 	50.0%	(7/14)	
+5000': ! 	96.0%	(24/25)	
Semisubs:	
2nd Gen: 	67.1%	(49/73)	
3rd Gen: 	86.0%	(43/50)	
4th Gen: 	100.0%	(38/38)	
5th Gen: 	100.0%	(7/7)	
Jackups:	
To 200': 	56.7%	(38/67)	
200' MC: 	50.0%	(12/24)	
200' MS: 	14.3%	(3/21)	
300' IC: 	86.5%	(83/96)	
+300' IC: 	90.7%	(49/54)	
Severe Env.: 	81.0%	(17/21)	
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view complete utilization report <http://www.rigzone.com/data/utilization_trends.asp>	

  <http://www.rigzone.com/images/email/t! itle_tab_OilPrices.gif>	
  <http://www.rigzone.com/images/spacer.gif>	Light Crude Oil: 	$19.68/BBL 
(-3.81%)	
Brent Crude Oil: 	$20.65/BBL 
(-2.96%)	
Natural Gas: 	$2.20/MMBtu 
(-0.90%)	
Unleaded Gasoline: 	$0.57/gal 
(-3.39%)	
prices from: 	1/11/2002	
change since: 	1/10/2002	
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