The Oil and Gas Journal articles from August 2002

The Oil and Gas Journal archives from August 2002

Oil price rise may aid US gas market. (Market Movement).(US and Iraq conflict may raise U.S. natural gas prices)(Brief Article)(Statistical Data Included)
August 26, 2002... The possibility of military conflict between the US and Iraq has boosted oil prices nearly 10% in recent weeks and could trigger increased US demand for natural gas, said Christopher Theal, an analyst at CIBC World Markets, the investment and...

US oil stocks up. (Market Movement).(U.S. oil inventories rose 6.6 mn bbl to 302.3 mn bbl)(Brief Article)(Statistical Data Included)
August 26, 2002... Meanwhile, the American Petroleum Institute reported US oil inventories shot up by 6.6 million bbl to a total of 302.3 million bbl during the week ended Aug. 16. That increase reversed more than two thirds of the 9.5 million bbl draw that API...

The current high price of oil is likely to erode oil demand growth in the near to medium term. (Industry Trends).(New analysis of oil supply and demand)(Brief Article)(Statistical Data Included)
August 26, 2002... The current high price of oil is likely to erode oil demand growth in the near to medium term, according to Tyler Dann, analyst for New York-based Banc of America Securities LLC. "A strict extrapolation of oil demand elasticity to price...

Branded gasoline stations in may US markets are losing market share to high-volume retailers (HVRs) such as mass merchandisers, supermarkets, and warehouse clubs, said NPD Automotive Products Group. (Industry Trends).(Volatile retail gasoline prices)(Brief Article)(Statistical Data Included)
August 26, 2002... Branded gasoline stations in many US markets are losing market share to high-volume retailers (HVRs) such as mass merchandisers, supermarkets, and warehouse clubs, said NPD Automotive Products Group, a Port Washington, NY-based market...

A renewable fuel mandate may prove to be the most difficult aspect of negotiating a final US energy bill, according to Prudential Securities analyst James Lucier. (Government Developments).(House and Senate energy bills in conflict)(Government Activity)(Brief Article)
August 26, 2002... A RENEWABLE FUEL MANDATE may prove to be the most difficult aspect of negotiating a final US energy bill, according to Prudential Securities analyst James Lucier. The energy bill, however, will probably be passed during the September-October...

The US department of the interior's Minerals Management Service. (Government Developments).(Gulf of Mexico environmental assessment)(Government Activity)(Brief Article)
August 26, 2002... The US Department of the Interior's Minerals Management Service has revealed the "proposals, alternatives, and mitigating measures" that will be studied in the environmental assessment (EA) analyses of the two upcoming eastern Gulf of Mexico...

Royal Dutch/Shell Group unit Shell Brasil SA. (Quick Takes).(Brazilian production rig to begin producing oil)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... Royal Dutch/Shell Group unit Shell Brasil SA has placed an order for a drilling and production rig to begin producing oil from its find on Block BC-10 in Bijupira-Salema field in the prolific Campos basin, off Brazil. The well lies in...

Spain's Repsol-YPF SA. (Quick Takes).($155 mn oil development in Libya)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... In other development news, Spain's Repsol-YPF SA has received approval from Libya's National Oil Co. (NOC) to develop 'A' field on Block NC-186 in Murzuq basin 720 km from the Mediterranean coast in the southwestern Sahara Desert. The field,...

Indonesian state oil and gas enterprise Pertamina. (Quick Takes).(Natural gas to Malaysia from Indonesia)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... Indonesian state oil and gas enterprise Pertamina has begun deliveries of natural gas to Malaysia from the South Natuna Block B producing area off Indonesia. Under a sales agreement signed in 2001 between Pertamina and Malaysia's...

BG Tunisia. (Quick Takes).(Bechtel Group gets natural gas field deal in Tunisia)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... In other production news, BG Tunisia, a unit of BG Group PLC, has awarded a $70 million contract to Bechtel Group Inc. for the installation of a compression package on its Miskar natural gas field in the Mediterranean Gulf of Gabes, 125 km...

Pogo Producing Co. Houston, reported late last month the drilling of the first three wells in a planned six-well exploration program on Block B8/32 in the Gulf of Thailand. (Quick Takes).(Gulf of Thailand offshore oil exploration project)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... POGO PRODUCING CO., Houston, reported late last month the drilling of the first three wells in a planned six-well exploration program on Block B8/32 in the Gulf of Thailand. Pogo, through its Thai subsidiary Thaipo Ltd., holds 46.34% interest...

Nexen Inc. said it has farmed into Block BC-20, an exploration license 100 km off Brazil in the Campos basin. (Quick Takes).(3D seismically defined exploration prospects)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... Elsewhere on the exploration front, Nexen Inc. said it has farmed into Block BC-20, an exploration license 100 km off Brazil in the Campos basin. The Calgary-based firm acquired a 20% interest in the 2,060 sq km block; other block partners...

Amerada Hess Corp. (Quick Takes).(Equatorial Guinea oil exploration wells)(International Pages)(Brief Article)(Statistical Data Included)
August 26, 2002... Amerada Hess Corp. said it plans to drill four exploration wells in Equatorial Guinea this year, following the plugging and abandonment of its F-4 dry hole, which lies 13 miles northeast of the company's Ebano field discovery well in the Rio...

A $3.2 billion natural gas pipeline. (Quick Takes).(Iran to India)(Brief Article)
August 26, 2002... A $3.2 billion natural gas pipeline from Iran to India via Pakistan is showing more promise with the expectation that Pakistan and Russia will sign a memorandum of understanding (MOU) in Mosocow the second week of September allowing studies...

Kinder Morgan Interstate Gas Transmission LLC (KMIGT). (Quick Takes).(planned natural gas project)(Brief Article)
August 26, 2002... In other pipeline action, Kinder Morgan Interstate Gas Transmission LLC (KMIGT), a subsidiary of Kinder Morgan Energy Partners LP, Houston, launched an open season Aug. 7 to gauge shipper interest in its planned Advantage natural gas...

The Trinidad & Tobago Government. (Quick Takes).(gas refinery)(Brief Article)
August 26, 2002... THE TRINIDAD & TOBAGO GOVERNMENT has granted conditional approval for the construction and operation of a 224,000 b/d full-conversion export refinery and ancillary infrastructure. It is expected to cost $2 billion, with the targeted...

Improving company disclosures. (Journally Speaking).(Brief Article)(Statistical Data Included)
August 26, 2002... The most interesting finding in a new PricewaterhouseCoopers (PWC) study of financial reporting by oil and gas companies isn't how much investors wish they knew about companies but don't-although the void is large and interesting enough. ...

OPEC's challenge.(Brief Article)(Editorial)
August 26, 2002... It should be easy to predict what the Organization of Petroleum Exporting Countries will do when ministers meet Sept. 19 in Osaka, Japan. Under normal circumstances, the group would raise its quota by an amount approximating its members'...

Progress solid but uneven in fight against corruption. (General Interest).
August 26, 2002... Problems of corruption in the oil and gas sector of the business world stood out in a recent survey commissioned by Transparency International (TI), a nongovernmental organization (NGO). In research conducted for TI's 2002 Bribe Payers' Index...

Western gulf sale generates less money for more tracts. (General Interest).
August 26, 2002... Interests were almost evenly divided between shallow and deep waters at the federal oil and natural gas Lease Sale 184 held last week in New Orleans, which drew apparent high bids of $151.3 million out of a total $181.6 million bid by 44...

Analysts claim early peak in world oil production. (General Interest).(Brief Article)(Statistical Data Included)
August 26, 2002... The world is drawing down its oil reserves at an unprecedented rate, with supplies likely to be constrained by global production capacity by 2010, "even assuming no growth in demand," said analysts at Douglas-Westwood Ltd., an energy industry...

Good and evil. (Watching Government).(relation to oil trade)(Brief Article)
August 26, 2002... When does a country stop being an axis of evil? In the oil business, that's a delicate question that demands frequent visitation. From a geopolitical perspective, evil comes and evil goes: Russia, Iran, and Iraq have, at one time or another,...

Williams continues to divest assets, align balance sheet. (Company News).
August 26, 2002... Williams Cos. Inc. is continuing to divest itself of certain assets in an effort to shore up its balance sheet. Earlier this month, the Tulsa-based energy company announced a plan to resolve some of its liquidity problems (OGJ Online, Aug....

Panaco, Tag Oil, CNOOC name new leaders. (Personnel Moves and Promotions).(Brief Article)
August 26, 2002... Houston-based independent oil and gas exploration company Panaco Inc., Tag Oil Ltd. of Vancouver, BC, and Chinese company CNOOC Ltd. have all recently named new leaders. A. Theodore Stautberg Jr. has been named president and CEO of...

North Sea evolution to track Gulf of Mexico model. (General Interest).(Statistical Data Included)
August 26, 2002... The North Sea (for purposes of this article the UK, Norway, and Denmark) produced about 6.5 million b/d of oil in 2001, representing about 14% of non-OPEC (Organization of Petroleum Exporting Countries) production. Even with high depletion...

Exploration hums as Sudan's oil output reaches pipeline capacity. (Exploration & Development).(Brief Article)(Statistical Data Included)
August 26, 2002... Oil production is exceeding expectations, and development and exploration programs are advancing, said a member of the Sudan consortium Greater Nile Petroleum Operating Co. GNPOC's southern Sudan fields in the Muglad basin averaged...

Operators drilled more wildcats, fewer 2001 discoveries. (Exploration & Development).(Brief Article)(Statistical Data Included)
August 26, 2002... Operators made 173 new oil field discoveries arid 162 gas discoveries outside North America in 2001, down from 2000 totals, reported IHS Energy Group, Epsom, U.K. Companies reported 53 fewer discoveries last year than in 2000 even though...

Talisman group moves to exploit BC foothills gas find. (Exploration & Development).(British Colombia)(Brief Article)(Statistical Data Included)
August 26, 2002... A group led by Talisman Energy Inc., Calgary, has made the first commercial discovery to produce from the deeper, underexplored Paleozoic reservoirs in the Monkman area in the British Columbia foothills. Talisman as operator said that the...

Alaska streamlines coastal-use permit regulations. (Exploration & Development).(Brief Article)
August 26, 2002... Alaska's Coastal Policy Council (CPC) voted July 24 to approve new regulations streamlining the permitting process for projects affecting the state's coastal uses or resources. The regulations--developed over a 3-year period with the...

GeoSphere Exploration Ltd. (Exploration & Development: New Zealand).(Brief Article)
August 26, 2002... GeoSphere Exploration Ltd., Wellington, and Thomasson International Ventures Inc., Denver, were awarded 3,124 sq km PEP 38223 on the southernmost South Island. The 50-50 grantees are seeking partners to drill the Eastern Bush Tertiary...

Mohave Oil & Gas Corp. (Exploration & Development: Portugal).(Brief Article)
August 26, 2002... Mohave Oil & Gas Corp., Houston, is to begin in September a 6-well shallow drilling program onshore in the Lusitanian basin. The wells are projected to 300 m in the Torres Vedras area 25 miles north of Lisbon (OGJ, Dec. 8, 1997, p....

Marathon Oil Co. (Exploration & Development: Nova Scotia).(gas discovery)(Brief Article)
August 26, 2002... Marathon Oil Co. and partners have a gas discovery of unspecified proportion at the first deepwater prospect drilled off the province. Annapolis G-24, in the Scotian basin 215 miles south of Halifax, cut 100 ft of net gas pay in several...

Fortuna Inc. (Exploration & Development: New York).(Brief Article)
August 26, 2002... Results are expected shortly at a deep exploratory test in western New York. Fortuna Inc., Calgary, a subsidiary of Talisman Energy Inc., is drilling Ballymoney-1, in Rexville Quad, Town of West Union, Steuben County, 45 miles west of...

Model accurately predicts intermediate casing-run surge pressure in Marlin SS-1 well. (Drilling & Production).
August 26, 2002... Significant casing-job planning and modeling, with a dynamic-surge model, enabled BP PLC successfully to run and cement the 13 5/8-in. intermediate casing, in the subsea development well Marlin SS-1, with the full or desired cement returns....

Shell Pecten Cameroon integrates software for real-time gas lift control, optimization. (Drilling & Production).
August 26, 2002... Pecten Cameroon Co. (PCC), an operating unit in the Royal Dutch/Shell Group, extended the existing supervisory control and data acquisition (SCADA) infrastructure at offshore Cameroon facilities by integrating software and installing wellhead...

New FPSO design produces LNG from offshore sources. (Processing).(floating, production, storage, and offloading)
August 26, 2002... Merlin Production Inc., in cooperation with Costain Oil, Gas & Process Ltd. and Moss Maritime AS, has demonstrated that an economically viable floating LNG plant can be designed, built, and successfully operated. The process selection...

Variety of codes governs design, construction of LNG carriers. (Transportation).(liquefied natural gas)
August 26, 2002... A host of national and international codes and standards usually comprises a list in a shipbuilder's contract specification for a new LNG carrier. Prospective owners must review this list carefully, if the vessel is to be built in full...

New personal gas detectors. (Equipment/Software/Literature).(Sensidyne Inc.)(Brief Article)
August 26, 2002... Three new SensAir personal gas detectors for carbon monoxide, hydrogen sulfide, and oxygen deficiency come with standard vibrating, light, and sound alarms for low and high alarm levels. These are not "throwaway" gas detectors: After 2...

Program creates well diagrams, custom reports. (Equipment/Software/Literature).(AnTech Oilfield Software)(Brief Article)
August 26, 2002... The newly launched StringView millennium software developers kit is a well visualization software program that interfaces with existing IT programs to produce well diagrams and custom reports of a broad range of wells. The kit offers a...

Rod pump features linear electric motor. (Equipment/Software/Literature).(Castles Home Services)(Brief Article)
August 26, 2002... This new sucker rod pump features a 12 kw linear electric motor that promises to make the unit more efficient than a standard version. It's mainly designed for deeper wells, the firm says. The speed of the upstroke, downstroke, and stroke...

Free upstream flow management bulletin. (Equipment/Software/Literature).(Flowserve Corp.)(Brief Article)
August 26, 2002... A new 20 page bulletin, offered free upon request, explains this firm's technical and applications capabilities in upstream flow management. In addition, it highlights a line of pumps that is designed for onshore and offshore production,...

Eaton Corp. (Services/Suppliers).(Peter Tedesko named managing director)(Brief Article)
August 26, 2002... Pittsburgh, Pa., has appointed Peter Tedesko as managing director of international sales and marketing for its Cutler-Hammer business. Tedesko had most recently served as director of strategic marketing and alliances. Eaton's...

Aeromix Systems Inc. (Services/Suppliers).(Guido Michelutti named regional sales manager)(Brief Article)
August 26, 2002... Minneapolis, Minn., has announced the addition of Guido Michelutti to its sales team as a regional sales manager. Michelutti earned his civil engineering degree at A. Malignani Technical Institute, Udine, Italy, and a business administration...

Louisiana Gulf Coast Oil Exposition (LAGCOE). (Services/Suppliers).(John Bodin named chairman)(Brief Article)
August 26, 2002... Lafayette, La., has announced the election of John Bodin, an executive sales representative with Delmar Systems Inc., to serve as chairman of LAGCOE 2003. Elected co-chairman is Alfred Thomas II, president and COO of PetroQuest Energy Inc....

NS Group Inc. (Services/Suppliers).(Albert E. Ferrara Jr. named vice president)(Brief Article)
August 26, 2002... Newport, Ky., has named Albert E. Ferrara Jr. as vice-president of corporate development. Ferrara has 30 years of industry experience, including service with USX and Marathon Oil. NS Group Inc. is a leading producer of seamless and welded...

Loctite Corp. (Services/Suppliers).(changes name)(Brief Article)
August 26, 2002... Rocky Hill, Conn., has changed its name to Henkel Loctite Corp. The Henkel Group, headquartered in Dusseldorf, Germany, acquired Loctite in 1997. Locktite will remain as a brand name under which the Henkel Group markets a broad range of...

Bachrach & Wood. (Services/Suppliers).(Eduardo Peters promoted)(Brief Article)
August 26, 2002... Morgan City, La., has announced the promotion of Eduardo Peters to operations manager. Peters joined Bachrach & Wood in 2001 as a marine surveyor. Bachrach & Wood is a marine surveying and consultancy firm founded in 1953. The company...

OGJ Crack Spread.(Oil and Gas Journal)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... OGJ CRACK SPREAD 8-16-02 * 8-17-01 * Change Change, $/bbl % SPOT PRICES Product value 30.96 31.84 -0.87 -2.7 Brent crude...

API Crude and Product Stocks.(American Petroleum Institute)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... API CRUDE AND PRODUCT STOCKS Motor gasoline Blending Jet fuels Crude oil Total comp (2) Naphtha ...

API Refinery Report--August 16, 2002.(American Petroleum Institute)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... API REFINERY REPORT--AUGUST 16, 2002 REFINERY OPERATIONS Total Input refinery Crude to crude Operable Percent ...

API Imports of Crude and Products.(American Petroleum Institute)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... API IMPORTS OF CRUDE AND PRODUCTS Districts 1-4 District 5 8-16 8-9 (1) 8-16 8-9 (1) 2002 2002 2002 2002 ...

OGJ Gasoline Prices.(Oil and Gas Journal)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... OGJ GASOLINE PRICES Price Pump Pump ex tax price * price 8-14-02 8-14-02 8-15-01 cents/gal ...

Refined Product Prices.(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... REFINED PRODUCT PRICES 8-9-02 cents/gal Spot market product prices Motor gasoline (Conventional-regular) New York Harbor 75.43 Gulf Coast ...

Baker Hughes Rig Count.(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... BAKER HUGHES RIG COUNT 8-16-02 8-17-01 Alabama 3 3 Alaska 8 14 Arkansas 0 0 California 20...

Smith Rig Count.(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... SMITH RIG COUNT 8-16-02 8-17-01 Proposed depth, Rig Percent Rig Percent ft count footage * count footage * 0-2,500 47 -- ...

OGJ Production Report.(Oil and Gas Journal)(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... OGJ PRODUCTION REPORT (Crude oil and lease condensate) 8-16-02 (1) 8-16-01 (2) 1,000 b/d Alabama 26 25 Alaska 1,020 928 California ...

US Crude Prices.(Brief Article)(Illustration)(Statistical Data Included)
August 26, 2002... US CRUDE PRICES $/bbl * 8-16-02 Alaska-North Slope 27 [degrees] 18.82 South Louisiana Sweet 28.50 California-Kern River 13 [degrees] 25.00 Lost Hills 30 [degrees] ...

World Crude Prices. (Statistics).(08/09/2002)(Illustration)(Statistical Data Included)
August 26, 2002... WORLD CRUDE PRICES $/bbl (1) 8-9-02 United Kingdom-Brent 38 [degrees] 25.37 Russia-Urals 32 [degrees] 24.42 Saudi Light 34 [degrees] 22.71 Dubai Fateh 32...

US Natural Gas Storage. (Statistics).(08/09/2002)(Illustration)(Statistical Data Included)
August 26, 2002... US NATURAL GAS STORAGE (1) 8-9-02 8-2-02 Change --Bcf-- Producing region 794 793 1 Consuming region east 1,459 1,414 45...

World Oil Balance. (Statistics).(Illustration)(Statistical Data Included)
August 26, 2002... WORLD OIL BALANCE 2001 4th 3rd 2nd 1st qtr. qtr. qtr. qtr Million b/d ...

US Petroleum Imports From Source Country. (Statistics).(Illustration)(Statistical Data Included)
August 26, 2002... US PETROLEUM IMPORTS FROM SOURCE COUNTRY Average Apr. Mar. YTD 2002 2002 2002 2001 ...

OECD Net Oil Imports. (Statistics).(Illustration)(Statistical Data Included)
August 26, 2002... OECD * NET OIL IMPORTS Feb. Jan. Dec. Feb. 2002 2002 2001 2001 1,000 b/d Canada -969 ...

OECD Imports From OPEC. (Statistics).(Illustration)(Statistical Data Included)
August 26, 2002... OECD * IMPORTS FROM OPEC Feb. Jan. Dec. Feb. 2002 2002 2001 2001 1,000 b/d Canada 230 ...

Oil Stocks in OECD Countries. (Statistics).(Illustration)(Statistical Data Included)
August 26, 2002... OIL STOCKS IN OECD * COUNTRIES Mar. Feb. Jan. Mar. 2002 2002 2002 2001 Million bbl France 167 ...

Slap-dash economics summit in Waco a stunt that flopped. (The Editor's Perspective).(Brief Article)
August 26, 2002... Here's the best news going about the US economy: the slap-dash economic summit in Waco, Tex., on Aug. 13 can't do any real harm. But what were advisors to President George W. Bush thinking when they talked him into this stunt? Nobody...

OPEC hewing to defense of price vs. market share. (Market Hotline).(Brief Article)(Statistical Data Included)
August 26, 2002... Are markets assured of high oil prices for the next 5 years or so? The Organization of Petroleum Exporting Countries has readily ceded market share to the likes of Russia and other non-OPEC oil exporters this year, preferring to defend...

Robert B. Hodgins has been appointed chief financial officer of Pengrowth Corp. (Other upstream moves).(Brief Article)
August 26, 2002... Robert B. Hodgins has been appointed chief financial officer of Pengrowth Corp. effective Aug. 6. Calgary-based Pengrowth Management Ltd. manages both Pengrowth Energy Trust and Pengrowth Corp. Hodgins joins Pengrowth with over 25 years...

Ashley Almanza has been appointed to the position of chief financial officer of BG Group. (Other upstream moves).(Brief Article)
August 26, 2002... Ashley Almanza has been appointed to the position of chief financial officer of BG Group effective Aug. 1. She has worked for BG for 9 years, most recently serving as group financial controller for the company. Almanza succeeds Andrew...

Hugh D. Pattillo. (Other upstream moves).(VP exploration, Navigo Energy Inc.)(Brief Article)
August 26, 2002... Hugh D. Pattillo has been appointed vice-president, exploration, for Calgary-based Navigo Energy Inc. Pattillo joins Navigo with over 20 years of technical and management experience with both large and junior companies. Most recently, he...

Jeremy Greene has joined Carrizo Oil & Gas Inc. (Other upstream moves).(VP of exploration)(Brief Article)
August 26, 2002... Jeremy Greene has joined Carrizo Oil & Gas Inc., Houston, as vice-president, exploration. Greene has over 19 years of experience in the geosciences field. Previously, he worked for ARCO and Houston-based independents Vastar Resources...

Terje Overvik has been appointed executive vice-president of Statoil ASA's technology division. (Other upstream moves).(Brief Article)
August 26, 2002... Terje Overvik has been appointed executive vice-president of Statoil ASA's technology division. He succeeds Morten Loktu, who will become president of the Trondheim-based Sintef research foundation. Before joining Statoil in 1983, Overvik...

Redwood Energy Ltd. (Other upstream moves).(John H. Cassels and Ernest G. Sorochan)(Brief Article)
August 26, 2002... Redwood Energy Ltd., Calgary. has appointed John H. Cassels as vice-president, finance, and chief financial officer, and Ernest G. Sorochan as vice-president, operations. Cassels comes to Redwood with 25 years of financial experience in...

D. Roy Phillips has been hired as managing director of Newfield Petroleum UK Ltd. (Other upstream moves).(Brief Article)
August 26, 2002... D. Roy Phillips has been hired as managing director of Newfield Petroleum UK Ltd., a unit of Houston-based Newfield Exploration Co., effective Aug. 5. He will be responsible for overseeing the company's new UK North Sea initiative. ...

Market movement. (Newsletter).(Brief Article)
August 19, 2002... IEA trims demand growth projections Weaker than expected first half oil demand in Organization for Economic Cooperation and Development (OECD) countries has prompted the International Energy Agency to trim its estimate of 2002 global...

Industry scoreboard.(Brief Article)
August 19, 2002... Industry Scoreboard US INDUSTRY SCOREBOARD--8/19 4 wk. 4 wk. avg. Change, YTD Latest week 8/9 average year ago (1) % average (1) Demand, 1,000 b/d Motor gasoline ...

Treasury financings. (Industry Trends).(Brief Article)
August 19, 2002... TREASURY FINANCINGS for the Canadian oil and gas industry during the first half of this year soared to $7 billion (Can.)--the highest level in a decade--according to Sayer Securities Ltd., an investment firm specializing in oil industry...

The oil services and equipment sector. (Industry Trends).(Brief Article)
August 19, 2002... THE OIL SERVICES AND EQUIPMENT SECTOR is in the "early stages of what should be a powerful up cycle," according to Lehman Bros. Inc. analyst James Crandell. The conjecture, Crandell noted, is based on the current and expected strength of oil...

The US Minerals Management Service. (Government Developments).(Brief Article)
August 19, 2002... THE US MINERALS MANAGEMENT SERVICE said it expects federal royalty oil to play a larger role in the Bush administration's effort to fill the Strategic Petroleum Reserve by 2005. Officials predicted that royalty-in-kind oil volumes dedicated...

Alaska's Coastal Policy Council (CPC). (Government Developments).(Brief Article)
August 19, 2002... ALASKA'S COASTAL POLICY COUNCIL (CPC) voted July 24 to approve new regulations streamlining the permitting process for projects affecting the state's coastal uses or resources. The regulations--developed over a 3-year period with the...

Petroleo Brasileiro SA. (Exploration).(Brief Article)
August 19, 2002... PETROLEO BRASILEIRO SA (Petrobras) has confirmed a major deepwater oil discovery at the edge of the Campos basin off Brazil's Espirito Santo state. It is the first major hydrocarbon discovery off the state; all major finds in the Campos basin...

BG India Pte. Ltd. (Quick Takes).(Brief Article)
August 19, 2002... Meanwhile in India, BG India Pte. Ltd., a unit of BG Group PLC, said it has initiated talks with prominent Indian companies with which it would like to form joint ventures in competing for deepwater blocks during the forthcoming third round...

Rowan Cos. Inc. (Quick Takes).(Brief Article)
August 19, 2002... ROWAN COS. INC. said it will expand its Tarzan-class rig construction program with the addition of three jack tips, bringing the total fleet to four. The Houston-based drilling company said the Tarzan rigs will target deeper drilling on...

Statoil ASA. (Quick Takes).(Brief Article)
August 19, 2002... In other drilling action, Statoil ASA let a 260 million kroner contract to Dallas-based Halliburton Co. to provide drilling, well fluids, and cementing services for Kristin field in the Norwegian Sea. The contract, which extends through fall...

Conoco (UK) Ltd. (Development).(Brief Article)
August 19, 2002... CONOCO (UK) LTD., a unit of Conoco Inc., and its partners completed a successful test of the first development well, 44/17 a-6Y, in the Caister Murdoch System III (CMS III) natural gas development in the southern sector of the UK North Sea....