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	Thursday January 10, 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]       Congressional Panel Handing Out Subpoenas to Enron  Fifty-one subpoenas seeking documents on the collapse of Enron Corp. will be issued on January 11, 2002 by the Senate's Permanent Subcommittee on Investigations.     [IMAGE]   [IMAGE]       Exploration [IMAGE]      [IMAGE]     [IMAGE]  Novus Petroleum Hits in ! the Gulf of Mexico  The La Playa-1 well in the western Gulf of Mexico offshore Padre Island has discovered natural gas.  Devon Hits Offshore Brazil  Devon Energy has made a discovery in the shallow waters of Campos Basin offshore Brazil.  Havsule Drilling Behind Schedule  Bad weather and rough seas have delayed drilling at BP's Havsule prospect in the Norwegian sector of the North Sea.  Marabou-1 Comes Up Dry  The Marabou-1 well offshore Western Australia has been plugged and abandoned.      [IMAGE]   [IMAGE]     Production [IMAGE]        [IMAGE]     [IMAGE]  Petrobras Awards FMC $17 Million Contract  FMC will provi! de Petrobras with three deepwater solutions with a contract value of approximately $17 million.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  Torch Offshore Purchases Construction Vessel   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.  Anadarko Makes Top Management Changes  Anadarko has promoted John Seitz to the position of Chief Executive Officer.    [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.  BP Scales Back Alaskan Operations  BP has decided to downsize its staff in Anchorage and shelve its Liberty project at this time.  Marathon Acquires Interests in Equatorial Guinea  Marathon has completed its acquisition of CMS Energy's interests in Equatorial Guinea for $993 million.  Nabors Changes Corporate Structure  Nabors Industries B! oard of Directors has approved a plan to reorganize the company and change its place of incorporation from Delaware to Bermuda.  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.  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.  FMC Corporation Spins Off FMC Technologies  FMC Corporation has distributed all of its remaining shares in FMC Technologies making it a fully independent company.  Marathon Begins 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.  Houston Exploration Completes Acquisition  Houston Exploration finalizes South Texas property acquisition from Conoco for $69 million.  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.  Newfield Makes Management Changes  Newfield Exploration has made management changes in Australia and Anadarko Basin office locations.    [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 Conference & 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 Mar. 20    LNG North America  Houston Apr. 9     2002 SPE/ICoTA Coiled Tubing Conference and Exhibition  Houston May. 6     Offshore Technology Conference 2002  Houston  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]  Drilling Technology in Nontechnical Language  [IMAGE] [IMAGE]  Nontechnical Guide to Petroleum Geology, Exploration, Drilling, and Production, 2nd Ed.  [IMAGE] [IMAGE]  An Introduction to Marine Drilling  [IMAGE]  [IMAGE]   [IMAGE]   more products      [IMAGE] [IMAGE]  featured equipment: Cabot 250 Workover and Drilling Rig   [IMAGE]   National 1320-UE, National 1320-M and Oilwell 840-E  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs:  - Safety Advisors  - Proposal Specialist  Job Code 4391  - Paramedic, Safety Rep   more hot jobs >>   featured candidates:  - Experienced Procurement and Logistics Manager  - Drilling & Completions Consultant  - Mechanical 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:  $20.32/BBL  (-1.98%) Brent Crude Oil:  $20.85/BBL  (-5.23%) Natural Gas:  $2.25/MMBtu  (-1.75%) Unleaded Gasolin! e:  $0.58/gal  (-1.69%) prices from:  1/9/2002 change since:  1/8/2002  [IMAGE]   [IMAGE]    [IMAGE] 	[IMAGE]		
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			  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 .  		
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