The Oil and Gas Journal articles from August 1993

The Oil and Gas Journal archives from August 1993

Interior Sec. Bruce Babbitt helped end a weekend commercial fishermen's blockade of the Valdez Narrows last week, which prevented seven tankers from calling at the Valdez terminal. (Brief Article)
August 30, 1993... Interior Sec. Bruce Babbitt helped end a weekend commercial fishermen's blockade of the Valdez Narrows last week, which prevented seven tankers from calling at the Valdez terminal. Organized to call attention to weak returns of pink salmon to...

General Accounting Office contends poor management has stalled environmental restoration under Exxon's $1.125 billion Exxon Valdez oil spill settlement. (Brief Article)
August 30, 1993... General Accounting Office contends poor management has stalled environmental restoration under Exxon's $1,125 billion Exxon Valdez oil spill settlement. Four years after the spill, no final restoration plan is in place, and too few projects...

U.S. gasoline demand has logged its biggest year to year monthly increase in 5 years. (Department of Energy report) (Brief Article)
August 30, 1993... U.S. gasoline demand has logged its biggest year to year monthly increase in 5 years. DOE estimates gasoline demand, excluding fuel ethanol, for the 4 weeks ended Aug. 13 was up 1.5% from a year ago to 7.64 million b/d. Year to date demand is...

A major oil spill test burn off Newfoundland appears to be a success. (Environment Canada) (Brief Article)
August 30, 1993... A major oil spill test burn off Newfoundland appears to be a success (OGJ, July 26, p. 28). A group of agencies and associations led by Environment Canada burned 350 bbl of crude on calm seas Aug. 12 about 40 km east of St. John's. Industry...

It's become a cliche that natural gas is the U.S. fuel of the future, but now there are dollar estimates to support that prediction.
August 30, 1993... It's become a cliche that natural gas is the U.S. fuel of the future, but now there are dollar estimates to support that prediction. OGJ projects gross wellhead revenues from natural gas production in the U.S. in 1993 will surpass those from...

Pertamina now says Indonesia is likely to defer plans to build several refineries in favor of expansions at its five existing refineries. (Pertamina Humas P.T.) (Brief Article)
August 30, 1993... Is the Southeast Asia refining boom about to slow down? Pertamina now says Indonesia is likely to defer plans to build several refineries in favor of expansions at its five existing refineries. Except for the Balongan project, grassroots...

Malaysia will kill tax incentives for companies applying for new refining projects in the country. (Brief Article)
August 30, 1993... Malaysia will kill tax incentives for companies applying for new refining projects in the country. Existing refineries and projects previously granted refining licenses will keep their tax incentives, says Trade and Industry Ministry, citing...

Japan's MITI wants to see a 6,000 km oil and gas pipeline system laid from Central Asia to the East Asian Pacific Coast. (Ministry of International Trade and Industry) (Brief Article)
August 30, 1993... Japan's MITI wants to see a 6,000 km oil and gas pipeline system laid from Central Asia to the East Asian Pacific Coast, reports Tokyo daily Mainichi Shimbun. It proposes Japan join in the project with China and such Central Asian nations as...

Talks between Azerbaijan and eight foreign oil companies hoping to develop three Caspian Sea oil fields have changed tack again. (Brief Article)
August 30, 1993... Talks between Azerbaijan and eight foreign oil companies hoping to develop three Caspian Sea oil fields have changed tack again. The Azeris are again pursuing joint development in favor of three separate projects, says BP, reversing a...

Problems in politics of U.S. tax package. (Column)
August 30, 1993... Oil & Gas Journal has had much to say, most of it strongly negative, about economics of the deficit reduction package that became law this month in the U.S. But the measure raises political questions that reach beyond the economic...

Nelson oil field to begin production in spring 1994. (Offshore Northern Europe Report)
August 30, 1993... One of the largest U.K. North Sea oil discoveries in recent years has taken a vital step nearer to first oil production. Installation of topsides on the Nelson field jacket during August clears the way for hook-up and commissioning in the...

Tax reforms raise questions for oil industry in the U.K.
August 30, 1993... In a move to "eliminate tax rules which distort investment decisions," former U.K. Chancellor of the Exchequer Norman Lamont surprised the oil industry in his March budget speech. The budget provoked an often bitter row, which has raged...

P&I clubs can fund indemnity on abandoned platforms. (protection and indemnity)
August 30, 1993... The North Sea oil industry is coming under increasing pressure to decide the future of abandoned offshore oil and gas platforms. The British government stated it will not accept reversion of title for abandoned oil fields in the U.K....

Scott field developed with 'plug-in' platforms.
August 30, 1993... When Amerada Hess Ltd. (AHL) and its partners received U.K. Department of Energy approval in August 1990 for development of Scott oil field, the schedule was perceived as somewhat aggressive, if not ambitious. Now the target of first oil...

Momentum kill procedure can quickly control blowouts.
August 30, 1993... The momentum kill method can help in quickly regaining control of a blowing well, providing the blowing well rate and fluid properties can be estimated reasonably. A momentum kill is the practical application of fluid dynamics to the...

Method predicts hydrates for high-pressure gas streams.
August 30, 1993... A new procedure extends the pressure range for estimating hydrate formation in high-pressure gas wells such as those now being developed in the North Sea. The method applies for uninhibited as well as methanol and ethylene glycol...

Texas plant will use new process to coproduce propylene oxide, MTBE. (Texaco Chemical Co., methyl tertiary butyl ether)
August 30, 1993... Texaco Chemical Co. is building a $400+ million facility to produce 1.2 billion lb/year (14,000 b/d) methyl tertiary butyl ether (MTBE) and 400 million lb/year (about 500 metric tons/day) propylene oxide (PO). The facility--under...

Design method addresses subsea pipeline thermal stresses.
August 30, 1993... Managing thermal stresses in subsea pipelines carrying heated petroleum requires extensive thermal-stress analysis to predict trouble spots and to ensure a design flexible enough to anticipate stresses and expansions. Explored here are...

Contest brewing over Exxon fines. (March 1989 Exxon Valdez oil spill) (Editorial)
August 30, 1993... Issues flared again this month concerning Prince William Sound in Alaska. Some of them should alarm the oil and gas industry. First, fishermen picketed Valdez terminal for 3 days, blaming two poor salmon harvests on the Exxon Valdez spill...

New diesel rule litmus test for California refiners, regulators. (includes related articles)
August 30, 1993... California refiner/marketers and regulators alike are testing their limits as preparations continue for stringent new state diesel fuel specifications that come into play Oct. 1. The California diesel specs, which go far beyond federal...

OPEC quotas called unrealistic. (Organization of Petroleum Exporting Countries) (Brief Article)
August 30, 1993... Organization of Petroleum Exporting Countries proposals to roll over production agreements for the second time this year are keeping OPEC locked in the grip of completely unrealistic quotas. That's the view of London's Centre for Global...

Estonian Transoil AS. (Tallinn, Estonia petroleum shipping terminal becoming operational) (Brief Article)
August 30, 1993... Estonian Transoil AS opened the first of a planned series of oil terminals for the Estonian port of Tallinn. In its first stage, the terminal consists of eight storage tanks, a road tanker loading point, and a pumping plant. It can handle...

Aramco Overseas Co. (acquires interest in Texaco/Esso Maatschap petroleum terminal in Rotterdam, Netherlands) (Brief Article)
August 30, 1993... Aramco Overseas Co. (AOC), a unit of Saudi Arabian Oil Co., agreed to buy a 34.35% interest in the Texaco/Esso Maatschap (TEM) crude oil terminal at Rotterdam, Netherlands, from Texaco Raffinaderij Permis BV (TRP). The deal involves transfer...

Northwest Pipeline Corp. (files with the Federal Energy Regulatory Commission to expand gas system)
August 30, 1993... Northwest Pipeline Corp., Salt Lake City, Utah, filed for a permit from the U.S. Federal Energy Regulatory Commission to expand its main line gas transmission system by 263.5 MMcfd. The proposed System Expansion II is in response to customer...

FERC. (rules Columbia Gas Transmission Corp. ineligible to recover bankruptcy costs under Order 636) (Brief Article)
August 30, 1993... FERC ruled Columbia Gas Transmission Corp. may not recover costs associated with bankruptcy proceedings in its rate restructuring under Order 636 but may do so through its gas inventory charge mechanism. FERC said Columbia, under a settlement...

FERC. (Federal Energy Regulatory Commission establishes standards for electronic bulletin boards) (Brief Article)
August 30, 1993... FERC proposed a rule setting standards for electronic bulletin boards operated by interstate natural gas pipelines. The standards, which follow recommendations by industry advisory groups, would be effective Apr. 1, 1994. FERC staff, working...

Canada's. (National Energy Board decides against restrictions on operating conditions on Canadian pipelines with stress corrosion cracking) (Brief Article)
August 30, 1993... Canada's National Energy Board decided that restrictions on operating conditions are not a practical solution to problems caused by the form of stress corrosion cracking (SCC) found in Canadian pipelines. NEB reached that conclusion after an...

Iraq's. (Oil Projects Co. starts up pipeline) (Brief Article)
August 30, 1993... Iraq's Oil Projects Co. started up a $20 million, 25 km products pipeline linking Baghdad with storage tanks in the eastern province of Dialalh. Iraq plans eventually to hook all its reservoirs into a pipeline network. Most products currently...

Saudi Arabian Oil Co. (contract) (Brief Article)
August 30, 1993... Saudi Arabian Oil Co. let contract to National Petroleum Construction Co. (NPCC) of Abu Dhabi and affiliate ZamiI-NPCC for offshore pipeline and related construction. Work will include installation of 26 offshore pipelines with a combined...

Destec. (Destec Energy Inc., contract) (Brief Article)
August 30, 1993... Destec Energy Inc., Houston, and MCN Corp., Detroit, plan to build, own, and operate a $150 million, 123,000 kw cogeneration plant in Ludington, Mich. The plant will sell electricity to Consumers Power Co. and steam to Dow Chemical Co.'s...

Destec Energy Inc. (planning to operate cogeneration plant in Ludington, Michigan)(Brief Article)
August 30, 1993... Destec and New Jersey Resources Corp, unit New Jersey Natural Gas Co. agreed to a 20 year deal to supply gas to the Northway cogeneration plant at Harriman, N.Y. Terms call for 4 bcf/year for Northway, which is designed to produce 57,000 kw...

Ashland Petroleum Co. (to spend $25 million to remodel solvent deasphalter facility) (Brief Article)
August 30, 1993... Ashland Petroleum Co. will spend $25 million to renovate and reactivate the solvent deasphalter at its 213,400 b/cd Catlettsburg, Ky., refinery. The 14,000 b/d processing unit, shut down since 1983, is expected to be back in operation in...

Diamond Shamrock Inc. (diesel desulfurizer begins operating at McKee, Texas refinery) (Brief Article)
August 30, 1993... Diamond Shamrock Inc., San Antonio, started up a 30,000 b/d diesel desuffurizer at its McKee refinery in the Texas Panhandle. The unit allows the company to produce low sulfur diesel ahead of the U.S. Environmental Protection Agency's Oct. 1...

Shell Oil Co. (contract) (Brief Article)
August 30, 1993... Shell Oil Co. let contract to CDTech for licensing and basic engineering of a 16,000 b/sd CDHydro unit at its 215,000 b/cd Norco, La., refinery for selective hydrogenation of diolefins in butene feedstock. The process replaces fixed bed units...

Shell Canada Ltd. (costs reductions) (Brief Article)
August 30, 1993... Shell Canada Ltd., Calgary, will cut $250 million (Canadian) in costs between now and 1995 through staff layoffs and other measures. Its business units are currently examining areas for cost reduction and revenue enhancement affecting...

Co-enerco Resources Ltd. (contract) (Brief Article)
August 30, 1993... Co-enerco Resources Ltd., Calgary, agreed to pay Solex Energy Corp. $40 million (Canadian) for producing leases and associated facilities, four gas processing plants, and 59,000 net undeveloped acres in the Haro and Bover areas of northern...

Marathon Oil U.K. Ltd. (joint venture) (Brief Article)
August 30, 1993... Marathon Oil U.K. Ltd. joined forces with Scottish Hydro-Electric plc, Perth, to form Vector Gas Ltd., a 50-50 venture marketing gas to U.K. industrial and commercial users. Gas deliveries will begin in October to clients currently buying...

Noble Drilling Corp. (acquires nine jack up drilling rigs) (Brief Article)
August 30, 1993... Noble Drilling Corp., Houston, agreed to buy nine jack up drilling rigs for an undisclosed price from Western Co. of North America, also of Houston. Closing is expected by Oct. 15. Noble also agreed to buy the Portal 201 and 202 submersible...

Arethusa (Off-Shore) Ltd. (buys deepwater semisubmersible oil rigs) (Brief Article)
August 30, 1993... Arethusa (Off-Shore) Ltd., Houston, paid $69 million for two third generation deepwater semisubmersible rigs,' increasing to 10 its fleet of semis. Treasure Stawinner, working off Brazil, is to be renamed Arethusa Winner, and Treasure...

Overseas Private Investment Corp. (guarantees loans to Argosy Energy International) (Brief Article)
August 30, 1993... Overseas Private Investment Corp,, Washington, D.C., agreed to guarantee for periods of up to 7 years as much as $9.2 million in loans to Argosy Energy International, a unit of Garnet Resources Corp., Houston, for development on Santana block...

PanCanadian Petroleum Ltd. (oil exploration off Western Australia) (Brief Article)
August 30, 1993... PanCanadian Petroleum Ltd., Calgary, agreed with Ampolex Ltd., Sydney, to explore three blocks in the Browse basin off Western Australia. The exploration permit, which covers 11,806 sq miles, calls for at least 447 miles of seismic surveys...

Powergen plc. (wins approval to use Orimulsion fuel from Venezuela to fuel power stations) (Brief Article)
August 30, 1993... Powergen plc, a U.K. electrical power producer, after long trials won Pollution Inspectorate approval to run power stations at Ince, Cheshire, and Richborough, Kent, on Orimulsion fuel from Venezuela. London's Financial Times said...

Several Russian JVs advancing. (oil and gas joint venture projects)
August 30, 1993... Russian oil and gas projects involving foreign companies in joint venture are moving forward on several fronts. Here is a sample of what's happening: * Kazakhstan awarded rights to develop Tenge oil and gas field to a 50-50 venture...

Back to work. (103rd Congress returns to Washington, D.C.) (Column)
August 30, 1993... Legislators face a meager agenda of energy issues when they return to Washington next week. So far, the major energy policy question before the 103rd Congress has been not whether but how much to tax energy use. The Clinton...

Sleipner over final hurdle. (Norway's Block 15.9 East Sleipner gas project) (Column)
August 30, 1993... If field development is comparable to a hurdles race, Norway's Block 15/9 East Sleipner gas project is a long distance event. It has a 50 ft high brick wall replacing one of the regular obstacles. The brick wall represents the...

Oil field marked for development in western Siberia. (Verkh-Tarkskoye oil field) (Brief Article)
August 30, 1993... The Russian joint stock company Varyeganneftegaz has won the right to develop Verkh-Tarkskoye oil field in western Siberia's Novosibirsk province (OGJ, Mar. 29, p. 28). Discovered in 1974, Verkh-Tarkskoye likely will be the first...

Amoco hikes gas sales to Mexico. (Amoco Energy Trading Corp.) (Brief Article)
August 30, 1993... Amoco Energy Trading, a unit of Amoco Production Co., will sell 35 MMcfd of gas from U.S. Gulf Coast wells to Petroleos Mexicanos unit Pemex Gas y Petroquimica Basica under a 14 month contract. That increases to 70-80% Amoco's share of...

Bechtel recounts campaign to restore Kuwait's oil flow.
August 30, 1993... Bechtel Corp. has disclosed more details of the massive 2 year effort to restore Kuwait's petroleum industry. Bechtel last month completed a project management contract for Kuwait Oil Co. (KOC) in which it helped kill 751 wild wells--647...

GAO: ANWR plain likely to hold commercial oil. (General Accounting Office, Arctic National Wildlife Refuge) (Brief Article)
August 30, 1993... The General Accounting Office has agreed with a U.S. Interior Department estimate that the Arctic National Wildlife Refuge (ANWR) Coastal Plain on Alaska's North Slope is likely to contain an economic oil field. In 1987 Interior...

Spending plans outlined for Malaysia. (Brief Article)
August 30, 1993... Private companies will spend $2.1 billion for oil and gas exploration, development, and production in Malaysia during the fiscal year ending Mar. 31, 1994, state owned Petronas predicts. That sum will be easily topped because it does not...

Little U.S. benefit seen in Nafta. (North American Free Trade Agreement, 1992, United States-Canada-Mexico, Congressional Budget Office report)
August 30, 1993... Congressional Budget Office predicts the North American Free Trade Agreement will have little short term energy trade benefit for the U.S. But that could improve in time. CBO said the agreement is an improvement over the status quo....

Old fields in North Sea given new lease on life. (Offshore Northern Europe Report)
August 30, 1993... Oil companies have grown to accept the maturity of the North Sea as an oil province. Operators are increasingly facing tests of innovation and cost control in developing new fields. In the last year, however, three of the oldest and most...

Troll oil recovery demands fast, innovative development. (Offshore Northern Europe Report)
August 30, 1993... The West Troll oil province in the Norwegian North Sea contains large reserves in thin layers, sandwiched between a huge gas cap and an active aquifer. This complex structure inspired the North Sea's most ambitious subsea development to date....

Stratamodel Inc. (Laura H. Capper appointed director of sales) (Brief Article)
August 30, 1993... Stratamodel, Inc., Houston, Tex., has named Laura H. Capper director of sales for the Americas. Capper will office in the company's corporate headquarters in Houston and report directly to the president. Prior to joining Stratamodel,...

C.H. Heist Corp. (asset acquisition) (Brief Article)
August 30, 1993... C.H. Heist Corp., Clearwater, Fla., has acquired certain assets of Ohmstede Mechanical Services, Inc., Baytown, Tex. OMSI primarily serves refineries and other petrochemical-related plants, specializing in on-site heat exchanger repair and...

Petrolite Corp. (forms Petrolite Chemicals Group) (Brief Article)
August 30, 1993... Petrolite Corp., St. Louis, Mo., has formed Petrolite Chemicals Group comprised of the Tretolite and Industrial Chemicals Divisions including all oil field and industrial chemical businesses in North America, South America and Asia Pacific....

Hydril Co. (Christopher T. Seaver appointed president) (Brief Article)
August 30, 1993... Hydril Co., Houston, Tex., has named Christopher T. Seaver president. Seaver has been with Hydril for eight years, and has previously been responsible for Hydril's tubular products business in Switzerland, Mexico, the U.S. and, subsequently,...

Western Geophysical. (Bill Schrom appointed chief financial officer of Western Geophysical Company of America) (Brief Article)
August 30, 1993... Western Geophysical, a division of Western Atlas, Houston, Tex., has named Bill Schrom chief financial officer and senior vice president. Schrom will continue to be based in Western Geophysical's Houston headquarters. Schrom joined...

Geology, hydrocarbon potential of Rio Muni area, Equatorial Guinea.
August 30, 1993... The Republic of Equatorial Guinea, located in the oil producing province of West Africa, consists of three islands and an enclare in continental Africa with a total surface area of about 28,000 sq km (Fig. 1). The islands are in the Gulf...

ARCO-Davis wildcat seeks answers to Black Warrior's deepest mysteries. (Atlantic Richfield Co., Davis Petroleum Corp.)
August 30, 1993... The Paleozoic Black Warrior basin is located in northeastern Mississippi and northwestern Alabama. At the southwestern edge of the basin are the locations of two of the more significant, deep wells. Located in 9-22n-10e is the ARCO 1...

William B. Cleary. (forms Cleary Exploration L.L.C.) (Brief Article)
August 30, 1993... William B. Cleary has formed Cleary Exploration L.L.C., Oklahoma City. Cleary resigned last year as chief executive officer of Boswell Energy Corp.

Patricia Woertz. (appointed president of Chevron Canada Ltd.) (Brief Article)
August 30, 1993... Patricia Woertz has been named president of Chevron Canada Ltd., Vancouver. Woertz joined Gulf Corp. in 1977 before it merged with Chevron. She has served as manager of strategic planning since 1991. She succeeds Ronald Kiskis, who has been...

Mitchell L. Solich. (appointed president of Chandler Energy Inc.) (Brief Article)
August 30, 1993... Mitchell L. Solich has been named president of Chandler Energy Inc., Denver. He will also serve as executive vice-president of Chandler & Associates Inc. Previously, he served as chief operating officer for Alta Energy Corp.

S. Barry Jackson. (appointed president and chief executive officer of Crestar Energy Inc.) (Brief Article)
August 30, 1993... S. Barry Jackson has joined Crestar Energy Inc., Calgary, as president and chief executive officer. Previously, he served as president and chief operating officer of Northstar Energy Corp.

David M. Carmichael. (American Oil and Gas Corp. president assumes new duties) (Brief Article)
August 30, 1993... David M. Carmichael, chief executive officer and president of American Oil & Gas Corp., Houston, has assumed the duties of executive vice-president of marketing, supply, transportation, and processing. These duties had been handled by Michael...

D. Nolan Blades. (appointed president and chief executive officer of Pursuit Resources Inc.) (Brief Article)
August 30, 1993... D. Nolan Blades has been appointed president and chief executive officer of Pursuit Resources Inc., Calgary. Chairman Douglas R. Martin will take on the additional role of chief financial officer. John L. Fenniak will assume the position of...

Fred J. Dyment. (appointed president and chief executive officer of Ranger Oil Ltd.) (Brief Article)
August 30, 1993... Fred J. Dyment has been appointed president and chief executive officer of Ranger Oil Ltd., Calgary. Other appointments related to Canadian operations were Geoffrey C. Chase, senior vice-president; Lloyd W. Herrick, vice-president,...

Phil Hawk. (appointed president and chief operating officer of EOTT Energy Corp.) (Brief Article)
August 30, 1993... Phil Hawk has been elected president and chief operating officer of EOTT Energy Corp., Houston, a subsidiary of Enron Corp. Hawk joined EOTT earlier this year as executive vice-president of marketing. Previously, he served as chief operating...

K. Terry Koonce. (appointed president of Exxon Ventures (C.I.S.) Inc.) (Brief Article)
August 30, 1993... K. Terry Koonce has been named president of Exxon Ventures (C.I.S.) Inc., effective October, 1993. This recently reorganized operating affiliate was formed in Moscow as a representative office in 1992. It will consolidate Exxon Corp's...

Colonial Pipeline Co. (plans pipeline repairs) (Brief Article)
August 23, 1993... Colonial Pipeline Co. plans to excavate 111 sites on its products pipeline route between Chantilly, Va., and Dorsey Junction, Md., where a pig survey showed pipe walls are too thin. The line ruptured in March near Reston, Va., spilling diesel...

Texas Eastern Transmission Corp. (plans to lease gas pipeline capacity) (Brief Article)
August 23, 1993... Texas Eastern Transmission Corp. (Tetco), Houston, asked the U.S. Federal Energy Regulatory Commission for approval to lease 125 MMcfd of pipeline capacity for gas from Anadarko, Hugoton, and Rocky Mountain basins of the U.S. Midcontinent....

Ireland's. (Bord Gais Eireann contract with British Gas PLC) (Brief Article)
August 23, 1993... Irelands state gas company Bord Gais Eireann (BGE) signed a 6 million punt ($8.3 million) contract with British Gas plc for 1 year gas supply beginning Oct. 1. Gas will move via the Interconnector pipeline being built from Moffat, West...

Canada's. (National Energy Board to consider pipeline tolls) (Brief Article)
August 23, 1993... National Energy Board (NEB) will conduct hearings this fall on tolls for pipelines that move oil and gas to West Coast markets from Alberta. Hearings will open Oct. 18 for the natural gas pipeline system of Westcoast Energy Inc., Vancouver,...

NEB. (Canada's National Energy Board hearings on natural gas pipelines from United States to Ontario) (Brief Article)
August 23, 1993... NEB will begin hearings Oct. 18 on a proposed pipeline hookup to natural gas from the U.S. into Ontario. The hearings in London, Ont., will consider an application by InterCoastal Pipe Line Inc. to convert a moth-bailed crude oil line to...

Zapata Corp. (acquisition) (Brief Article)
August 23, 1993... Zapata Corp., Houston, agreed to pay $90.9 million for the gas compression operations of Holt Cos. The purchase includes Energy Industries Inc., Corpus Christi, and other affiliates of Holt's gas compression operations. Closing is scheduled...

Pride International Ltd. (acquisitions) (Brief Article)
August 23, 1993... Pride International Ltd., a unit of Pride Petroleum Services Inc., Houston, bought controlling interest in an Argentine drilling and well servicing company with 23 rigs and purchased a 100% interest in a Venezuelan drilling and well servicing...

BecField Drilling Services Co. (acquisition) (Brief Article)
August 23, 1993... Houston, doubled its size by acquiring certain short, medium, and long radius directional drilling assets of the drilling and services division of Deutsche Tiefbor AG, Berkhopen, Germany. BecField plans to leave most of the assets in Germany...

Home Oil Ltd. (acquisition) (Brief Article)
August 23, 1993... Calgary, plans to buy remaining interests in Scurry-Rainbow Ltd. for more than $42 million (Canadian). Home owns an 88.1% interest in Scurry and is offering $26.50/ share for 1.6 million remaining common shares. Scurry has no employees of its...

Marubeni Corp. (venture with China National Petroleum Corp.) (Brief Article)
August 23, 1993... Marubeni Corp. teamed with China National Petroleum Corp. (CNPC) in a venture to produce and market oil, gas, and products, Tokyo's Nikkei Weekly reported. CNPC's first overseas project calls for it to loin Marubeni in building a 100,000 b/d...

Union Carbide Corp.'s. (Montreal plant to close) (Brief Article)
August 23, 1993... Montreal petrochemical plant operated by Petromont Inc. will be closed in October. It produces ethylene and glycol and uses about 65,000 metric tons/year of ethylene produced by Petromont Petromont will spend $20 million (Canadian) to expand...

British Gas plc. (selling interest in North Sea Block) (Brief Article)
August 23, 1993... British Gas plc agreed to sell its 14% interest in U.K. North Sea Block 16/17 to Louisiana Land & Exploration Co. for $232 million. The block contains Tiffany and Toni oil fields, due on stream this year with reserves totaling 164 million...

EBCO U.S.A. Inc. (auction of oil and gas leases) (Brief Article)
August 23, 1993... Oklahoma City, on behalf of Devon Energy Corp., also of Oklahoma City, will auction 250 oil and gas leases in Arkansas, Colorado, Louisiana, Nebraska, New Mexico, Oklahoma, Texas, and Wyoming. The sale is scheduled Sept. 16 in Dallas.

Aran Energy Co. (Drilling-production) (Brief Article)
August 23, 1993... Houston, a unit of Aran Energy plc, expects by month's end to boost gas production to 30 MMcfd on South Pass Block 37 in the Gulf of Mexico when a third horizontal well goes on stream. Before Aran reworked four wells on the block and drilled...

Enron Oil & Gas Co. (Drilling-production) (Brief Article)
August 23, 1993... Houston, expects to drill more than 30 wells during the next 5 years on the South East Coast Consortium Block off Trinidad in the Caribbean Sea during three phase development of Kiskadee, Ibis. and Oilbird fields. First phase Kiskadee...