The Oil and Gas Journal articles from January 2003

The Oil and Gas Journal archives from January 2003

Market movement. (Newsletter).(effects on United States caused by striking employees of Petroleos de Venezuela S.A.)
January 6, 2003... Effects of Venezuelan strike more evident in US US effects of Venezuela's month-long strike, aimed at ousting President Hugo Chavez, became more evident last week as the American Petroleum Institute reported US oil stocks fell a whopping...

Industry scoreboard.(petroleum industry)
January 6, 2003... Industry Scoreboard US INDUSTRY SCOREBOARD -- 1/6 4 wk. 4 wk. avg. Change, YTD Latest week 12/20 average year ago (1) % average (1) Demand, 1,000 b/d Motor gasoline ...

Prudential Securities Inc. (Industry Trends).(Andrew F. Rosenfeld; United States refined oil product inventories)(Brief Article)
January 6, 2003... REDUCED US refined product imports from Venezuela and tightening product inventories should help boost US refining margins going into the first quarter, Prudential Securities Inc. said. The reduced imports and an anticipated heavy spring...

Poten & Partners Inc. (Industry Trends).(crude oil tanker rates expected to increase)(Brief Article)
January 6, 2003... UPWARD PRESSURE on crude oil tanker rates is expected to continue for the next 3-6 months due to uncertainties surrounding geopolitical events, reported analysts at Poten & Partners Inc., New York, in a research note released last month. ...

Petrobras's energy. (Government Developments).(Petroleo Brasileiro S.A.; Dilma Rousseff named as Brazil's mines and energy minister)(Brief Article)
January 6, 2003... BRAZIL has a new energy minister. Before the Jan. 1 inauguration, Brazil's President-elect Luiz Inacio Lula da Silva named Dilma Rousseff as the country's mines and energy minister. Rousseff, an economist, said she is against...

US Forest Service. (Government Developments).(remains committed to managing, protecting roadless values)(Brief Article)
January 6, 2003... US PRODUCERS face a legal quagmire regarding drilling plans on public lands involving about one third of US national forests. The 9th US Circuit Court of Appeals in San Francisco in November ordered a federal judge in Idaho to lift an...

OPEC News Agency. (Government Developments).(Organization of Petroleum Exporting Countries; Nigerial to establish national oil spill contingency plan )(Brief Article)
January 6, 2003... NIGERIA is proposing new penalties for oil pollution. Nigerian lawmakers are finalizing a bill to establish a national oil spill contingency plan and to implement penalties designed to discourage oil spills, OPEC News Agency reported. ...

El Paso Global LNG. (LNG).(applied to U.S. Coast Guard; license to construct, operate EP Energy Bridge)(Brief Article)
January 6, 2003... EL PASO GLOBAL LNG, a unit of Houston-based El Paso Corp., applied to the US Coast Guard for a license to construct and operate its EP Energy Bridge, an offshore deepwater mooring buoy for LNG carriers and natural gas delivery system in the...

Kinder Morgan Energy Partners LP. (Production).(Kinder Morgan CO2 Company L.P contract with Natco Group Inc.)
January 6, 2003... KINDER MORGAN ENERGY PARTNERS LP, through its subsidiary Kinder Morgan [CO.sub.2] Co. LP, has signed a contract with Houston-based Natco Group Inc. for the expansion of Natco's 180 MMcfd carbon dioxide membrane separation facility in the Scurry...

Chevrontexaco Corp. (Exploration).(Cabinda Gulf Oil Co. makes significant discovery; Anadarko Petroleum Corp., Warren Resources Inc. to jointly explore Atlantic Rim area, Wyoming)
January 6, 2003... CHEVRONTEXACO CORP.'s Angola-based affiliate, Cabinda Gulf Oil Co., has made the ninth significant discovery, Negage, on its 1,560 sq mile deepwater Block 14, off Angola's enclave of Cabinda. Negage was drilled in 4,738 ft of water 29 miles...

Thai Riot Police. (Pipelines).(stopped opponents of Trans Thai-Malasia (Thailand) Ltd., natural gas pipeline project)
January 6, 2003... THAI RIOT POLICE Dec. 20 prevented some 2,000 opponents of Trans Thai-Malasia (Thailand) Ltd.'s proposed Thai-Malaysia natural gas pipeline project from approaching a Haad Yai hotel where members of Thai and Malaysian cabinets were meeting. ...

Petroleo Brasileiro Sa. (Refining).(company to invest in refinery)(Brief Article)
January 6, 2003... PETROLEO BRASILEIRO SA (Petrobras) plans to invest 1.1 billion reals ($291.8 million) in Brazil's largest refinery, Paulinia, in Sao Paulo state, by 2005. Petrobras will boost Paulinia's diesel treating and refining capacities, as well as...

Field Licensees. (Development).(Ormen Lange natural gas field licensees agreed 12/18/02)(Brief Article)
January 6, 2003... FIELD LICENSEES for Ormen Lange field on deepwater Block 6305/5-1 in the Norwegian Sea agreed Dec. 18 to develop the field using subsea production installations linked to a new onshore natural gas processing plant at Nyhamna, near Aukra, in...

Correction.
January 6, 2003... In an article by Bob Tippee (OGJ, Dec. 9, 2002, p. 30), the last word was inadvertently omitted. The sentence should have been: "The silver bullet for the short term," Matthews said, "is going to be nuclear."

Letters.(Letter to the Editor)
January 6, 2003... Opposing viewpoints I have been an avid and loyal reader of Oil & Gas Journal for virtually my entire career, which now approaches a half-century During that time I have noted that the Journal routinely reflects the viewpoints and defends...

Calendar.(seminars and conferences for energy industries)(Calendar)
January 6, 2003... Denotes new listing or a change in previously published information. OIL & GAS JOURNAL. Online Additional information on upcoming seminars and conferences is available through OGJ Online, Oil & Gas Journal's Internet-based...

More on multimedia. (Journally Speaking).
January 6, 2003... There has never been a better time to be in the business of communicating with a professional audience. More ways exist now than ever before to share intelligence. To be more specific about it, communicators have more media than ever at...

A wishful-thinking wish. (Editorial).(political nature of energy discussed)(Editorial)
January 6, 2003... Here's a new year's wish: less wishful thinking about energy. Wishful thinking scrambles energy governance. Yet it's inevitable. Energy is too political ever to be immune from it. But wishful thinking can be held in check. The...

New year clouded by uncertainty but filled with technical promise. (General Interest).(outlook for 2003 for oil and gas industry)(Industry Overview)
January 6, 2003... The oil and gas industry enters 2003 uncertain about geopolitical events, doubtful about markets, yet equipped with technology advancing rapidly on many fronts. A picture of this lumpy basis for a new year emerges from the individual...

Service firms await activity boost promised by operators.(oil field service companies)(Industry Overview)
January 6, 2003... US producers expect to increase their North American production of natural gas this year, but even at today's higher commodity prices, oil field service companies see no signs of increased drilling activity yet, industry representatives said...

RJA: 2003 E&P spending to rise more than 20% from last year.(Raymond James & Associates Inc. research note on exploration and production spending)(Brief Article)(Industry Overview)
January 6, 2003... Despite recent surveys revealing that exploration and production companies' worldwide E&P spending for 2003 will be flat to slightly elevated compared with last year, a recent research note released by Raymond James & Associates Inc. RJA stated...

Post-conflict. (Watching Government).(discussion of oil and gas industry's interest in Iraq and Saudi Arabia)
January 6, 2003... Escalating Middle East tensions are not tempering industry interest in the region, especially in Saudi Arabia and Iraq where the potential for profit is high. Near term, a $25 billion Saudi gas initiative remains on track despite 3 years...

Panelists recommend US post-conflict policy in Iraq. (General Interest).(panel says US must not appear as de facto ruler of post-Hussein Iraq)
January 6, 2003... If US-led forces remove Iraqi President Saddam Hussein, then the administration of US President George W Bush must make it clear to the world that the US has no desire to become the de facto ruler of Iraq or its oil reserves, an independent...

White House concerned over Venezuela's oil strike. (General Interest).(Industry Overview)
January 6, 2003... US policymakers are worried that the widespread strike by Venezuelan oil workers could impact US energy markets if the situation isn't resolved soon. "We're following the events in Venezuela very closely when it comes to the energy...

Brazil swaps gasoline with fuel-starved Venezuela. (General Interest).(Brief Article)
January 6, 2003... In a swap for future crude oil deliveries from Venezuela, Petroleos Brasileiro SA (Petrobras) has provide 520,000 1. of gasoline to Petroleos de Venezuela SA (PDVSA) to relieve the fuel shortage caused by a general strike that has virtually...

Sibneft, TNK joint affiliate wins stake in slavneft. (Company News).
January 6, 2003... Invest-Oil--an affiliate company acting in the interest of Russian oil firms Siberian Oil Co. (Sibneft) and Tyumen Oil Co. (TNK)--has bid for and won a 74.95% equity stake in OAO Slavneft for $1.86 billion. Slavneft is Russia's ninth largest...

Washing processes and fluid variations: phase equilibria to petroleum geochemistry. (Exploration & Development).
January 6, 2003... Spatial variations in fluid compositions within reservoirs have been reported in fields in many parts of the world. Production problems in some well-investigated large reservoirs have given new information about spatial and temporal variations...

Colombia. (Exploration & Development).(Talisman Energy Inc.)(Brief Article)
January 6, 2003... Talisman Energy Inc., Calgary, plans to drill one exploratory well on each of four blocks as part of a companywide record $660 million capital spending program in 2003. Talisman budged $33 million in spending in Colombia. It plans one well...

Egypt. (Exploration & Development).(Rally Energy Corp. )(Brief Article)
January 6, 2003... Rally Energy Corp., Calgary, expects to complete interpretation of a 3D seismic survey over Issaran heavy oil field along the Gulf of Suez in early 2003. Rally, which acquired former Issaran operator Scimitar Hydrocarbons Corp. in July...

Indonesia. (Exploration & Development).(CNOOC Ltd.)(Brief Article)
January 6, 2003... CNOOC Ltd. said an appraisal well to the KE 40 discovery on Madura Block in the eastern Java Sea was drilled to 7,225 ft and encountered 174 ft of gas pay in the Kujung I carbonate buildup and 28 ft of oil pay in Oligocene Kujung III limestone....

New Zealand. (Exploration & Development).(coalbed methane permits)(Brief Article)
January 6, 2003... Coalbed methane is the main objective on 10 permits issued in various parts of the country. Resource Development Technology LLC, Morrison, Cob., signed on PEP 38605 covering 2,860 sq km along the North Island west coast south of Auckland....

Expandable liners protect permeable zones in Russian oil wells. (Drilling).
January 6, 2003... Expandable-profile liners have successfully isolated and protected permeable hydrocarbon zones in Russian oil wells, minimizing formation damage from invasion of drilling fluids and cement slurries. By minimizing formation damage with...

Expandable liners isolate sloughing zones in directional, horizontal wells. (Drilling).(oil field usage of expandable-profile tubulars or pipes)
January 6, 2003... Several Russian oil field case histories have demonstrated that expandable-profile tubulars or pipes have proven to be an effective way to control formation caving and sloughing problems in directional and horizontal wells. Wellbore...

Correction.
January 6, 2003... In "Procedures correct temperatures for deep offshore wells" by I.M. Kutasov and M. Kagan (OGJ, Dec. 2, 2002, p. 56), the vertical water depth scales of Fig. 1 were incorrectly shown in reverse, with zero water depth indicated at the graphs'...

Superlift mates topsides to semi. (Production).(technique for mating topsides of semisubmersible unit to hull)
January 6, 2003... Mating the topsides to the hull of the seimsubmersible Na Kika production unit required a superlift on land. Shell Exploration & Production Co. defines a superlift as a technique for installing a large topsides structure, in one piece, onto...

Aux Sable plant makes significant impact on Alberta NGL supply. (Gas Processing).
January 6, 2003... Straddle gas plants-3 Installation of the Aux Sable liquid Products 12 (Aux Sable) plant (1) near the terminus of the Alliance pipeline (OGJ, July 2, 2001,p. 48) south of Chicago was a significant change from Alberta operators' traditional...

How refinery fuel indexes have varied. (Nelson-Farrar Quarterly).(Illustration)
January 6, 2003... Refinery fuels costs have endured an unsteady course since 1999. As shown in the accompanying table, most of the PADD residual fuels' increases in costs occurred in 1999 and 2000 for all of the five PADD districts. PADD 4 experienced the least...

Reliability-based method assesses corroding pipelines. (Pipelines).(structural reliability analysis yields information on safe operation of pipelines)
January 6, 2003... In the last two decades, results obtained from structural reliability analysis (SRA) have increasingly led to formation of strategies for future safe operation of corroding oil and gas pipelines. (1-8) A safe operating strategy includes...

New gas monitors. (Equipment/Software/Literature).
January 6, 2003... The new Ultima X gas monitor series features the latest mechanical and electrical technologies and is designed for performance in virtually any gas detection use. The 316 stainless steel enclosure XE series offers explosionproof monitoring...

New information management system. (Equipment/Software/Literature).(Myriagon's system works for energy service providers, operators)
January 6, 2003... WELLinformed, a patent-pending, browser-driven information management system, is suited for energy service providers and operators. It offers organizations a way to streamline operations and access, manage, and analyze information at...

Coating system aids quality control, inspections. (Equipment/Software/Literature).
January 6, 2003... A new optically active coating system (OACS) is designed for applications where coating, substrate, or product integrity cannot be compromised by uneven or flawed coatings. OACS is also designed for: * Coating applications that must...

New axial flow valve aids gas transmission operations. (Equipment/Software/Literature).
January 6, 2003... The new Rotary DRAG axial flow valve combines elevated capacity found in rotary valves with precise flow control of a high velocity control valve for gas transmission operations. The design capitalizes on the capacity of the rotary design...

BJ Services. (Services/Suppliers).(company names Gary Broiles as CIS area manager)(Brief Article)
January 6, 2003... Aberdeen, has announced the appointment of Gary Broiles as CIS area manager, Hassan Farshbaf as county manager for Algeria, and Bruce Campbell as UK county manager, all with the Well Services Div. Broiles earned a BS in mechanical...

Sproule Associates Inc. (Services/Suppliers).(new head of Houston, Texas office)(Brief Article)
January 6, 2003... Houston and Calgary, has hired Mark A. Clemans as manager of its Texas-based office in Houston. Clemans received a BS in petroleum and natural gas engineering from Pennsylvania State University, and an MBA from the University of New Orleans. He...

CBIZ valuation group. (Services/Suppliers).(executive appointment)(Brief Article)
January 6, 2003... Atlanta, has announced the appointment of Domenic J. Falcone as national industry director for its energy practice. Falcone will be responsible for business development in valuation, litigation support, management consulting, and mergers and...

GE Energy Rentals Inc. (Services/Suppliers).(new president and general manager)(Brief Article)
January 6, 2003... Atlanta, has named Luis Ramirez as president and general manager. Ramirez received a BS degree in computer information systems from Devry Institute of Technology in Atlanta, and completed an executive management program at Duke University. ...

Tubular resources Pte. Ltd. (Services/Suppliers).(joint venture)(Brief Article)
January 6, 2003... Singapore, is a new joint venture formed by Tianjin Pipe Corp., Airtrust (Singapore) Pte. Ltd., and Hunting Oilfield Services International. The company's mission is to exclusively distribute oil country tubular products and line pipe...

API Imports of crude and products. (Statistics).(data from American Petroleum Institute)(Illustration)
January 6, 2003... API IMPORTS OF CRUDE AND PRODUCTS Districts 1-4 District 5 12-20 12-13 (1) 12-20 12-13 (1) 2002 2002 2002 2002 ...

API Crude and product stocks. (Statistics).(oil and gasoline stocks, United States)(Brief Article)
January 6, 2003... API CRUDE AND PRODUCT STOCKS Motor gasoline Blending Jet fuels Crude oil Total comp. (2) Naphtha PAD I ...

OGJ Crack spread. (Statistics).(data from Oil & Gas Journal )(Illustration)
January 6, 2003... OGJ CRACK SPREAD 12-20-02 * 12-21-01 * Change Change $/bbl % SPOT PRICES Product value 35.35 22.27 13.08 58.6 Brent...

API Refinery report. (Statistics).(American Petroleum Institute data on refinery operations)(Illustration)
January 6, 2003... API REFINERY REPORT--DECEMBER 20, 2002 REFINERY OPERATIONS Total Input refinery Crude to crude Operable Percent input...

OGJ Gasoline Prices. (Statistics).(data from Oil and Gas Journal)(Illustration)
January 6, 2003... OGJ GASOLINE PRICES (Approx. prices for self-service unleaded gasoline) Price Pump Pump ex tax price * price 12-25-02 12-25-02 12-26-01 ...

Refined product prices. (Statistics).(prices for motor gasoline, heating oil and residential fuel oil)(Illustration)
January 6, 2003... REFINED PRODUCT PRICES Spot market product prices 12-20-02 cents/gal Motor gasoline (Conventional-regular) New York Harbor 84.55 Gulf Coast ...

Baker hughes rig count. (Statistics).(drilling rigs)(Illustration)
January 6, 2003... BAKER HUGHES RIG COUNT 12-27-02 12-28-01 Alabama 2 5 Alaska 11 14 Arkansas 1 1 California 19 31 ...

Smith rig count. (Statistics).(drilling rigs)(Illustration)
January 6, 2003... SMITH RIG COUNT 12-27-02 12-28-01 Proposed depth, Rig Percent Rig Percent ft count footage * count footage * 0-2,500 34 2.9 53 ...

OGJ Production report. (Statistics).(crude oil and lease condensate)(Illustration)
January 6, 2003... OGJ PRODUCTION REPORT (Crude oil and lease condensate) 12-27-02 (1) 12-28-01 (2) 1,000 b/d Alabama 24 24 Alaska 975 1,046 California 789...

US Crude prices. (Statistics).(Illustration)
January 6, 2003... US CRUDE PRICES $/bbl * 12-27-02 Alaska-North Slope 27[degrees] 22.67 South Louisiana Sweet 33.25 California-Kern River 13[degrees] 26.75 Lost Hills 30[degrees] ...

World crude prices. (Statistics).(Illustration)
January 6, 2003... WORLD CRUDE PRICES $/bbl (1) 12-20-02 United Kingdom-Brent 38[degrees] 29.73 Russia-Urals 32[degrees] 28.63 Saudi Light 34[degrees] 25.74 Dubai Fateh...

US Natural gas storage. (Statistics).(Illustration)
January 6, 2003... US NATURAL GAS STORAGE (1) 12-13-02 12-6-02 Change Bcf Producing region 710 751 -41 Consuming region east 1,537 1,640 -103 Consuming...

Pace refining margins. (Statistics).(data from Pace Consultants)(Illustration)
January 6, 2003... PACE REFINING MARGINS Oct. Nov. Dec. Dec. 2002 2002 2002 2001 Change $/bbl US Gulf Coast West Texas...

US Natural gas balance demand/supply scoreboard. (Statistics).(Illustration)
January 6, 2003... US NATURAL GAS BALANCE DEMAND/SUPPLY SCOREBOARD Aug. Aug. July Aug. change 2002 2002 2001 ...

Worldwide NGL production. (Statistics).(Illustration)
January 6, 2003... WORLDWIDE NGL PRODUCTION 9 month Chg. vs. average previous Production year ...

Oxygenates. (Statistics).(data on fuel ethanol and MTBE for 10/02 and 9/02)(Illustration)
January 6, 2003... OXYGENATES Oct. Sep. YTD YTD 2002 2002 Change 2002 2001 Change 1,000 bbl Fuel ethanol Production 4,939...

US Heating degree days. (Statistics).(data for US regions)(Illustration)
January 6, 2003... US HEATING DEGREE DAYS (1) Oct. Oct. 2002 % change 2002 2001 Normal from normal New England 542 442 467 16.1 Middle...

Hope for 2003 lies in forecasts for little change. (The Editor's Perspective).(outlook for oil and gas industry in 2003)(Industry Overview)
January 6, 2003... The oil and gas business is about to get better. Indications of this happy circumstance come from the popular view that 2003 will pretty much duplicate 2002. Of course 2002 was nothing for the oil and gas industry to cheer about. ...

New year begins with oil market 'perfect storm'. (Market Hotline).(discussion of possible historic increase in oil prices)(Industry Overview)
January 6, 2003... Are oil markets approaching a "perfect storm" in terms of oil prices-where a sudden confluence of factors creates conditions for oil prices reaching levels that can be described only in the context of crisis? There are a number of reasons...

2003 Calendar of industry events.(Calendar)
January 6, 2003... JANUARY 2003 Power-Gen India & Central Asia, New Delhi, Jan. 14-16 API Tubular Goods Winter Meeting, Vancouver, Jan. 20-24 International Process Analytical Chemistry Forum/Intl. OnSite Analysis Conference, Scottsdale, Jan. 21-24...

2003 Conference directory.(energy industry conferences)(Calendar)
January 6, 2003... ACHEMA Exhibition-Congress, Frankfurt, May 19-24, c/o DECHEMA e.V. Additives International Conference, Nottingham, UK, Apr. 1-3, c/o RSC African Oil & Gas, Trade & Finance Conference & Exhibition, Luanda, Angola, May 20-23, c/o ITE...

Market movement.(oil production )
January 13, 2003... OPEC likely to boost production There was speculation at presstime last week that the Organization of Petroleum Exporting Countries would hike its new production quota by more than 1 million b/d on Jan. 12 in Vienna to offset the loss of...

Industry scoreboard.(oil industry)
January 13, 2003... Industry Scoreboard US INDUSTRY SCOREBOARD -- 1/13 4 wk. 4 wk. avg. Change, YTD Latest Week 12/27 average year ago (1) % average (1) Demand 1,000 b/d Motor gasoline ...

Merrill Lynch Global Securities Research & Economics Group. (Industry Trends).(more U.S./Canadian gas and oil properties to sell in 2003)(Brief Article)
January 13, 2003... INTEGRATED companies in the US and Canada are apt to sell more producing oil and natural gas properties in 2003. compared with the previous 2 years, possibly triggering increased demand for oil field services and contract drilling there,...

Banc of America Securities LLC. (Industry Trends).(U.S. oil rig count declining)(Brief Article)
January 13, 2003... A DECLINING US rig count going into January from December is normal based upon rig counts for each of the last 55 years, says Banc of America Securities LLC analyst James K. Wicklund. Wicklund said normal seasonality of US drilling shows a...

Jefferies & Co. Inc. (Industry Trends).(oil company stock performances)(Brief Article)
January 13, 2003... OIL SERVICES COMPANIES' near-term stock price performance is likely to dampen, agreed analyst Stephen D. Gengaro of Jefferies & Co. Inc. "The tremendous uncertainty surrounding the potential war with Iraq, the strike in Venezuela, and the...

Banc of America Securities LLC. (Government Developments).(Iraqi oil minister replaced)(Brief Article)
January 13, 2003... IRAQ has replaced its oil minister with an acting oil minister. Iraqi President Saddam Hussein replaced Oil Minister Amer Rashid, already 1 year past the mandatory retirement age of 63, with Samir Abdul Aziz al-Najim, OPEC News Agency...

ChevronTexaco Corp. (Government Developments).(Brief Article)
January 13, 2003... VENEZUELA is contemplating offers from three major international oil companies seeking to explore for natural gas in the Deltana Plataforma region. The Energy and Mines Ministry's commission in charge of the tender must present a...

US Environmental Protection Agency. (Government Developments).(Brief Article)
January 13, 2003... REGULATORS from US oil and gas producing states have signed a cooperation agreement with the US Environmental Protection Agency to "facilitate more open and timely communication. The Interstate Oil and Gas Compact Commission said a...

Shell Canada Ltd. (Quick Takes).(Brief Article)
January 13, 2003... DELIVERIES OF BITUMEN from the Athabasca Oil Sands Project (AOSP)--the first new fully integrated oil sands project in 25 years, which started up Dec. 29, 2002--have been delayed following a brief fire Jan. 6 at the Muskeg River mine 75 km...

Phillips China Inc. (Quick Takes).(Brief Article)
January 13, 2003... ConocoPhillips subsidiary Phillips China Inc. (PCI) and China National Offshore Oil Corp. Ltd. (CNOOC) have begun first production from Peng Lai 19-3 field in China's Bohai Bay. PCI is operator with 49%, and CNOOC holds 51%. PCI has invested $2...

JGC Corp. (Quick Takes).(Brief Article)
January 13, 2003... OMAN has awarded an $879 million contract to a Japanese consortium of JGC Corp. and Yokohama-based Chiyoda Corp. for construction of a new refinery at Sohar, 250 km northwest of Muscat. The facility, which will have a capacity of 75,000...

Rayong Purifier Co. (Quick Takes).(Brief Article)
January 13, 2003... Aromatics (Thailand) PLC (ATC), operator of Thailand's first aromatics complex, plans to build a $20 million condensate splitter to convert condensate residue to light oil products. It will process excess condensate residue from its aromatics...

BG Group Plc. (Quick Takes).(Brief Article)
January 13, 2003... BG GROUP PLC has received authorization to start engineering, procurement, and construction (EPC) of the $550 million proposed Egyptian LNG (ELNG) second train. Initial detailed engineering, procurement of long-lead-time items, and site...

ExxonMobil Corp. (Quick Takes).
January 13, 2003... EXXONMOBIL CORP. has placed a $760 million order with Seoul-based Hyundai Heavy Industries Co. Ltd. for a second FPSO vessel to be used in its Kizomba project off West Africa. Hyundai is scheduled to install the FPSO in Kizomba-B oil field...

BP Exploration (Angola) Ltd. (Quick Takes).(Brief Article)
January 13, 2003... In addition, BP Exploration (Angola) Ltd., a unit of BP Group PLC, has contracted Paris-based society Bureau Veritas for classification and certification of its planned Plutonio FPSO vessel to be used in Block 18 off Angola. The massive FPSO,...

Northrop Grumman Corp. (Quick Takes).(contract with the Republic of Georgia)(Brief Article)
January 13, 2003... THE REPUBLIC OF GEORGIA has signed an agreement with Northrop Grumman Corp., Los Angeles, to develop an aerial surveillance system to monitor the Baku-Tbilisi-Ceyhan (BTC) export pipeline and its adjacent area. Giorgi Chanturia, president of...