RIGZONE Industry News Friday March 8, 2002	  	 RIGZONE     	home  | news  | search  | maps  | data  | jobs  | market  | store     	In This Issue	     	 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 Worldwide Offshore Rig Utilization Oil & Gas Prices   	 Industry Headlines	    	 Snow White Receives Approval  Norway's parliament approved the project to develop the Snow White natural gas field in the Barents Sea. PDVSA Employees Increase Protests  Dissident employees of PDVSA decided to intensify their campaign in protest of recnet senior management changes. 	 Mobile MapWorks Plus  Logica announces the release of its map-based field solutions offering, Mobile MapWorks Plus. This map-based field solution suite provides an innovative approach to mobile computing that addresses the many field requirements of energy and utility companies. For more information click here .  	 Exploration	     	 Talisman Hits Offshore Trinidad  Talisman Energy Inc. has announced its Kairi-2 appraisal well in Trinidad has tested oil. Parker Drilling Awarded Sakhalin Drilling Project  Parker Drilling Company has been awarded new contracts to build and operate a rig to drill extended reach wells to offshore targets from a land-based location on Sakhalin Island, Russia.   	 Production	     	 DONG To Bring Two Fields Onstream in 2003  Two new oil fields in the Danish part of the North Sea, Nini and Cecilie, are expected to go on stream in the summer of 2003. Statoil Wins NPD Award  The Norne license and Statoil specialist, Egil Sunde, have jointly won the Norwegian Petroleum Directorate's improved oil recovery (IOR) prize. Norway Debates Over Snow White Field Deve! lopment  Norway's parliament is debating over a plan to develop its first natural gas field in the Barents Sea.   	 Company & Financial News	     	 Keppel FELS Receives Kudos From Diamond Offshore   Keppel FELS reports that work went so well on the Ocean Baroness upgrade that it earned not only a cash bonus but also another contract from Diamond for similar work on the Ocean Rover. Weatherford Achieves Milestone  Weatherford's Completion Systems division has successfully deployed its first Expandable Liner Hanger in YPF Maxus' Cinta E-11 well offshore Indonesia. SA Five Engineering Wins Upgrade Contract  Bluewater Energy Services B.V. ha! s awarded a contract to SA Five Engineering for the upgrade of the FPSO Glas Dowr.   	 Resume of Marc Babineaux  Mr. Marc Babineaux is available for assignment as a full-time, permanent employee or on a contract basis. Mr. Babineaux is a deepwater driling consultant with 20 years experience. He has most recently worked in the Gulf of Mexico on exploration projects in 3,500 to 7,700 feet of water. Click here  to view a complete copy of his resume or call 1-337-367-1100 to arrange for an interview.  	 Last 7 Days Top Stories	     	 Halliburton Performs First Downhole Well Testing Using ATS  Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry System (ATS(TM)) for Gaz de France, off the coast of the Netherlands. Schlumberger Makes Management Changes  Schlumberger Oilfield Services has appointed Andrew Gould to the post of President and COO.  Weatherford and Shell Accelerate Expandable Technology Development  Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology. TotalFina Elf Shuts In Wells Due to Gas Blowout  TotalFinaElf has begun efforts to stop the flow of natural gas! and regain control of a well which erupted Friday afternoon during drilling operations in East Kalimantan. Tidewater Takes Delivery of Supply Vessels  Tidewater has taken delivery of two supply vessels. Both vessels entered the fleet with contracts in hand. Hornbeck-Leevac Reports 2001 Results  Hornbeck-Leevac Marine Services, Inc. announced that revenues for the quarter ended December 31, 2001 increased 117.0 percent to $21.7 million compared to $10.0 million for the same quarter in 2000.  Marathon To Develop UK Pipeline  Marathon Oil Company announced plans to lead an initiative for a new North Sea natural gas pipeline designed to provide additional gas for the UK market. Dril-Quip Sees! 24% Increase in Results for 2001  Net income for the twelve months ended December 31, 2001 was $12.2 million, up from $11.0 million for the same period in 2000. PanCandian Files Deep Panuke Regulatory Applications  PanCanadian Energy filed regulatory applications for development of the Deep Panuke natural gas project offshore Nova Scotia. ExxonMobil Exits Turkmenistan  ExxonMobil Corp. will shut down its operations in Turkmenistan after disappointing test wells. Technip Wins Saudi Expansion Project  Technip-Coflexip has been awarded, by Saudi Arabian Oil Company, a major lump sum turnkey contract for the expansion of the Berri gas plant. AJ Lucas Wins Major Directional Drilling W! ork  AJ Lucas has successfully secured the contract to directionally drill under 12 rivers in the northern section of Tasmania for the Duke Energy Pipeline.   	 The SGI Energy Summit 2002 - Visualizing the Future   Hear what leaders of top corporations, crucial software providers, and key policy makers have to say about the impact of advanced technology on the future of our industry. This summit promises to fish for all the critical answers to this industry's future success. To learn more, click here! 	 	 Upcoming Oil & Gas Industry Events	     	 Mar. 10 	AAPG Annual Meeting 	Houston	 Mar. 17 	Oil Field Chemistry Symposium - 13th International 	Geilo	 Mar. 20 	LNG North America 	Houston	 Apr. 2 	e-Business in the E&P Industry - Targeting the Value Houston	 Apr. 7 	CORROSION/2002 	Denver	 Apr. 9 	2002 SPE/ICoTA Coiled Tubing Conference and Exhibition 	Houston	 May. 1 	Nigeria Oil & Gas 2002 	London	 May. 6 	Offshore Technology Conference 2002 	Houston	 May. 21 	Oil and Gas in the Gulf of Guinea 	London	 Jun. 23 	Ocean Mechanics and Arctic Engineering 2002 	Oslo	 list your co! nference 	view upcoming events    	Click here to go to Baker Hughes  INTEC  HoverDril  	 promote your company    Petroleum Industry Fundamentals Chart  Handbook of Oil Industry Terms & Phrases, 5th Edition  D & D Standard Oil Abbreviator, 4th Edition  	 more products  	featured equipment:	 Ambar Marine 26' Fast Rescue Boats  	 Gardner Denver 2100 E Drawworks  	 more equipment  	featured jobs: 	 -	Recruiter 	 -	Senior Electrical Technician 	 -	Senior Welding Supervisior 	!  more hot jobs >> 	 featured candidates: 	 -	Wellsite Supervisor 	 -	Network Administrator 	 -	Environmental Management 	 search for candidates >>  	Drillships:	 To 5000': 	57.1%	(8/14)	 +5000': 	96.0%	(24/25)	 Semisubs:	 2nd Gen: 	70.8%	(51/72)	 3rd Gen: 	82.0%	(41/50)	 4th Gen: 	94.7%	(36/38)	 5th Gen: 	85.7%	(! 6/7)	 Jackups:	 To 200': 	56.1%	(37/66)	 200' MC: 	41.7%	(10/24)	 200' MS: 	14.3%	(3/21)	 300' IC: 	89.6%	(86/96)	 +300' IC: 	94.4%	(51/54)	 Severe Env.: 	85.7%	(18/21)	    	 view complete utilization report  	Light Crude Oil: 	$23.73/BBL  (1.41%)	 Brent Crude Oil: 	$23.30/BBL  (2.55%)	 Natural Gas: 	$2.80/MMBtu  (7.69%)	 Unleaded Gasoline: 	$0.76/gal  (1.33%)	 prices from: 	3/7/2002	 change since: 	3/6/2002	    	 Promotional Opportunities Become a Sponsor, feature your job opening or, advertise your upcoming industry conference. 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