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Date: Thu, 10 Jan 2002 15:09:44 -0800 (PST)
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=09Friday January 11, 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]       Anderson Employees Destroy Enr=
on Documents  Andersen reports that individuals in the firm have disposed o=
f a significant number of electronic and paper documents and correspondence=
 relating to the Enron account  Delta Petroleum Files Lawsuit Against U.S. =
Government  Delta Petroleum and several other companies have filed a lawsui=
t against the U.S. Government alleg! ing that the government has materially=
 breached their leases located offshore California.  Norwegian Pilots Rejec=
t Latest CHC Offer  The Norwegian Airline Pilots Association has rejected t=
he latest offer by CHC and have made a decision to begin limited work actio=
n.    [IMAGE]   [IMAGE]       Exploration [IMAGE]      [IMAGE]       Abraxa=
s Spuds Ladyfern Well  Abraxas spuds first well of a planned six-well progr=
am on its Ladyfern prospect in British Columbia, Cananda.  Ecuador Calls Ni=
nth International Bidding Round  Petroecuador will have eight blocks availa=
ble in its ninth bidding round.  Four are located offshore and four are loc=
ated in the Amazon Basin.    [IMAGE]   [IMAGE]       Production [IMAGE]    =
  [IMAGE]     [IMAGE]  Petrobras Sets Production Record  Petrobras set a mo=
nthly production record in December, averaging 1.5 million barrels a day.  =
BP 4Q Production Increases  BP reported that its total 2001 reported produc=
tion is projected to increase by around 5.5% compared with 2000.    [IMAGE]=
   [IMAGE]       Company & Financial News [IMAGE]    [IMAGE]   [IMAGE]  She=
ll Marine Donates to GOM Conservation Project  Shell and the National Fish =
and Wildlife Foundation have awarded $1.2 million to six Gulf Coast wildlif=
e conservation and research programs.    [IMAGE] [IMAGE]  advertisement  A =
National-Oilwell designed, 1992 built modular offshore drilling rig is avai=
lable 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=3D397           =
 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.  BP Scales Back Alaskan Operati=
ons  BP has decided to downsize its staff in Anchorage and shelve its Liber=
ty project at this time.  PetroChina and Shell Sign Gas Pipeline Deal  Petr=
oChina and Shell have entered into a preliminary agreement for an $18 billi=
on East/West China pipeline project.  Nabors Changes Corporate Structure  N=
abors Industries Board of Directors has approved a plan to reorganize the c=
ompany and change its place of incorporation from Delaware to Bermuda.  Mar=
athon Acquires Interests in Equatorial Guinea  Marathon has completed its a=
cquisition of CMS Energy's interests in Equatorial Guinea for $993 million.=
  Kvaerner Receives Final Approval for Rescue Plan  Kvaerner has received a=
pproval from the final group of lenders for the rescue plan that would merg=
e 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.  Houston Exploratio=
n Completes Acquisition  Houston Exploration finalizes South Texas property=
 acquisition from Conoco for $69 million.  Torch Offshore Purchases Constru=
ction Vessel   Torch Offshore has purchased a 520-foot ves! sel which it in=
tends to convert to a DP-2 offshore construction vessel and rename the Midn=
ight Express.  Newfield Makes Management Changes  Newfield Exploration has =
made management changes in Australia and Anadarko Basin office locations.  =
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.  Kerr-McGee Announces 2002 Capital Budget  Kerr-McG=
ee to allocate $310 million of its 2002 exploration and production budget f=
or the North Sea.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Ev=
ents [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 Internatio=
nal Petroleum Conference & Exhibition in Mexico  Villahermosa Feb. 26    20=
02 IADC/SPE Drilling Conference and Exhibition   Dallas Feb. 27    Human Re=
sources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Mar.=
 20    LNG North America  Houston Apr. 9     2002 SPE/ICoTA Coiled Tubing C=
onference and Exhibition  Houston May. 6     Offshore Technology Conference=
 2002  Houston  list your conference  view upcoming events  [IMAGE] [IMAGE]=
    [IMAGE]    [IMAGE] [IMAGE]  Horizon Offshore  Global Completion Service=
  HoverDril  DataLog  Baker Hughes   [IMAGE]   [IMAGE]!    promote your com=
pany      [IMAGE] [IMAGE]  [IMAGE]  Emergency Helicopter Abandonment  [IMAG=
E] [IMAGE]  Offshore Helicopter Operations  [IMAGE] [IMAGE]  Introduction t=
o Offshore Safety and Survival, 2nd Ed.  [IMAGE]  [IMAGE]   [IMAGE]   more =
products      [IMAGE]  [IMAGE]  featured equipment: Wartsila Generator Sets=
  [IMAGE]   Cabot 250 Workover and Drilling Rig   [IMAGE]   [IMAGE]    [IMA=
GE]    more equipment      [IMAGE] [IMAGE]   featured jobs:  - Structural E=
ngineer  - Wellhead-Christmas Tree Specialist  - Piping Designer  more hot =
jobs >>   featured candidates:  - Commissioning Supervisor  - Lead Producti=
on Operator  - Senior Planner & Scheduler   search for candidates >>   [IMA=
GE]   [IMAGE]     [IMAGE] [IMAGE]   Drillships:  To 5000':   50.0% (7/14) +=
5000':   100.0% (25/25)  Semisubs:  2nd Gen:   68.5% (50/73) 3rd Gen:   84.=
0% (42/50) 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:  $20.46/BBL  (0.69%) Brent Crude Oil:  $21.28/BBL  (2.0=
6%) Natural Gas:  $2.22/MMBtu  (-1.33%) Unleaded Gasoline:  $0.59/gal  (1.7=
2%) prices from:  1/10/2002 change since:  1/9/2002  [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@rigzo=
ne.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 lo=
gging in to Rigzone and updating your profile.   You can also change the fo=
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dating your account.   Click here to log in .       [IMAGE]  =09=09
