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Date: Fri, 11 Jan 2002 15:56:29 -0800 (PST)
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=09Monday January 14, 2002=09[IMAGE]   =09=09
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[IMAGE]=09=09 RIGZONE [IMAGE] [IMAGE] [IMAGE] =09[IMAGE]=09
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[IMAGE]=09=09      [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 World=
wide Offshore Rig Utilization Oil & Gas Prices    [IMAGE]   [IMAGE]       I=
ndustry Headlines [IMAGE]      [IMAGE]       UBS Warburg Wins Enron's Tradi=
ng Operations  UBS Warburg was the successful bidder for Enron's North Amer=
ican wholesale electricity and natural gas trading business.  National-Oilw=
ell Acquires HALCO  National-Oilwell has acquired HAL Oilfield Pump & Equip=
ment Company.    [IMAGE]   [IMAGE]  advertisement  A National-Oilwell desig=
ned, 1992 built modular offshore drilling rig is available for sale direct =
from the manufacturer.  This rig drilled only 5 wells from the Draugen plat=
form 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=3D397            Exploration [IMAGE]  =
    [IMAGE]     [IMAGE]  BG Bids Again for Indian Gas Fields  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  BP said the resul=
ts from the Skarv appraisal well are within expectations and production tes=
ting will be performed shortly.    [IMAGE]   [IMAGE]       Production [IMAG=
E]      [IMAGE]     [IMAGE]  Snohvit Moving Ahead  Norway's energy ministry=
 has formally proposed advancing the controversial NOK 40 billion for the B=
arents Sea Snohvit LNG project.  Production Reduced at Norne Field  Bad wea=
ther has slowed the output from the Norne field in the Northern Norwegian S=
ea.  Unocal To Bring North Pailin Onstream This Year   Unocal Thailand will=
 bring natural gas block North Pailin onstream during the second quarter of=
 this year.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]    =
  [IMAGE]     [IMAGE]  Kongsberg Awarded Crazy Horse Project  Kongsberg Sim=
rad has been awarded a contract for providing an integrated control and mon=
itoring system to BP for the Crazy Horse PDQ semisub.  Aker Lands Kristin W=
ork  Aker Stord has been awarded a contract for appoximately 5 billion NOK =
to build the topsides for the Kristin platform.  CNOOC Receives Ratings Upg=
rade  Moody's has upgraded CNOOC's rating from stable to positive! .  This =
gives CNOOC the highest rating status among all Chinese rated companies fro=
m Moody.    [IMAGE]   [IMAGE]  advertisement   [IMAGE] Human Resources in O=
il and Gas is the comprehensive HR forum for the industry. The conference w=
ill deal with attracting and retaining quality staff and dealing with the e=
ffects of mergers, acquisitions, and restructuring. This conference is a mu=
st for anyone involved in the often hectic human resources decisions of tod=
ays oil and gas companies. HR in Oil and Gas is being held in Aberdeen on F=
ebruary 27 and 28. Click here for more information.            Last 7 Days =
Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Halliburton Says the Rumors A=
re Not True  Halliburton says there is no basis for the rumors that the com=
pany has filed for bankruptcy.  BP Scales Back Alaskan Operations  BP has d=
ecided to downsize its staff in Anchorage and shelve its Liberty project at=
 this time.  PetroChina and Shell Sign Gas Pipeline Deal  PetroChina and Sh=
ell have entered into a preliminary agreement for an $18 billion East/West =
China pipeline project.  Torch Offshore Purchases Construction Vessel   Tor=
ch Offshore has purchased a 520-foot vessel which it intends to convert to =
a DP-2 offshore construction vessel and rename the Midnight Express.  Prosa=
fe 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 co=
nsortium led by Agip.  Houston Exploration Completes Acquisition  Houston E=
xploration finalizes South Texas property acquisition from Conoco for $69 m=
illion.  Newfield Makes Management Changes  Newfield Exploration has made m=
anagement changes in Australia and Anadarko Basin office locations.  Unocal=
 Increases Production Offshore Thailand  Unocal Thailand has plans to doubl=
e the crude output in the Gulf of Thailand this year as part of a six-year =
development plan.  Kerr-McGee Announces 2002 Capital Budget  Kerr-McGee to =
allocate $310 million of its 2002 exploration a! nd production budget for t=
he North Sea.  Petrobras Awards FMC $17 Million Contract  FMC will provide =
Petrobras with three deepwater solutions with a contract value of approxima=
tely $17 million.  Devon Hits Offshore Brazil  Devon Energy has made a disc=
overy in the shallow waters of Campos Basin offshore Brazil.  Anderson Empl=
oyees Destroy Enron Documents  Andersen reports that individuals in the fir=
m have disposed of a significant number of electronic and paper documents a=
nd correspondence relating to the Enron account    [IMAGE]   [IMAGE]       =
Upcoming Oil & Gas Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Jan. 2=
2    Alliances and Partnering in Oil & Gas   Singapore Feb. 6     Torch Mid=
-Winter Energy Conference  New York Feb. 7     Marine Construction 2002  Ho=
uston Feb. 10    2002 SPE International Petroleum Conference & Exhibition i=
n Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exh=
ibition   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  v=
iew upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  Hori=
zon Offshore  Global Completion Service  HoverDril  DataLog  Baker Hughes  =
 [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  So=
il Remediation for the Petroleum Extraction Industry, 2nd Edition  [IMAGE] =
[IMAGE]  Reservoir Stimulation , 3E  [IMAGE] [IMAGE]  Essentials of Modern =
Open-Hole Log Interpretation  [IMAGE]  [IMAGE]   [IMAGE]   more products   =
   [IMAGE]  [IMAGE]  featured equipment: Self-Contained Platform Rig  [IMAG=
E]   Wartsila Generator Sets  [IMAGE]   [IMAGE]    [IMAGE]    more equipmen=
t      [IMAGE] [IMAGE]   featured jobs:  - Pipeline Technical Specialist - =
Advisor  - Deepwater Drilling Engineer  - Sales & A! ccount Manager   more =
hot jobs >>   featured candidates:  - Gas & Oil Senior Field Development En=
gineer  - Operations Specialist  - Project Manager   search for candidates =
>>   [IMAGE]   [IMAGE]     [IMAGE] [IMAGE]   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)  Jac=
kups:  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)  [IMAGE]   [IMAGE]   view complete utilization report      [IMA=
GE] [IMAGE]  Light Crude Oil:  $19.68/BBL  (-3.81%) Brent Crude Oil:  $20.6=
5/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  [IMAGE] =
  [IMAGE]    [IMAGE]  [IMAGE]    [IMAGE]        Promotional Opportunities B=
ecome a Sponsor, feature your job opening or, advertise your  upcoming indu=
stry 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 als=
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