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	Friday February 22, 2002	[IMAGE] 			
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[IMAGE]		      [IMAGE] [IMAGE]     In This! Issue [IMAGE]      [IMAGE]     [IMAGE]    Current Oil and Gas Industry News Top 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    [IMAGE]   [IMAGE]      Industry Headlines [IMAGE]      [IMAGE]     [IMAGE]  Colombian Pipelines Attacked Again  Marxist rebels bombed Colombia's much-attacked Cano Limon oil pipeline, as conflict with the government intensified after the breakdown of peace talks.    [IMAGE]   [IMAGE]  advertisement  Welcome to the world of Thuraya, where communication knows ! no boundaries. Thuraya provides mobile satellite telephony to 99 countries throughout Europe, North and Central Africa, the Middle East, Central Asia and the Indian Sub-continent. With a combination of cellular and satellite phone capabilities bolstered by GPS and data features, Thuraya provides the total communications solution you've been looking for.  Click for more...          Exploration [IMAGE]      [IMAGE]     [IMAGE]  Perenco Hits Offshore Gabon  Perenco announces a new oil discovery named Ompoyi, offshore Gabon.  Canadian Superior Completes Offshore Survey  Canadian Superior has completed the wellsite surveying for the Marquis prospect offshore Nova Scotia.    [IMAGE]   [IMAGE]      Production [IMAGE]      [IMAGE]     [IMAGE]  Qatar and Shell Ink GTL Agreement   Qatar Petroleum and Shell plan have agreed to do a study on the development of a GTL scheme to link with the North Field upstream project.  ExxonMobil and ChevronTexaco Deny Balkan Pipeline Talks  ExxonMobil and ChevronTexaco have denied claims that they are considering building a trans-Balkan pipeline.  Jintan Field Onstream by 2003  Nippon Mitsubishi Oil Corp said that gas production at the Jintan field off the east Malaysian state of Sarawak will start in the third quarter of 2003.  BP To Bring Aspen Discovery Online by Year End  Development of Aspen will be completed with subsea completions, located on Green Canyon block 243, tied back to a host platform and production should begin by the end of this year!   Brutus TLP Down for Repairs  Shell has shut in its Brutus tension leg platform due to valve failures in the production processing system.    [IMAGE]   [IMAGE]      Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  Bakery Energy Has Record Year  Michael Baker Corporation reported record earnings for 2001, as well as a 90 percent increase in operating income.  Statoil Sets Framework for Subsea Contracts  Statoil is to enter into frame agreements with FMC Kongsbery Subsea AS, ABB Offshore Systems and Kvaerner Oilfield Products for the delivery of subsea systems.  Ocean Rig's Cost for the Eirik Raude Goes Up  The most recent estimate show that the compl! etion of the Eirik Raude at the yard in Canada will result in increased costs compared to previous estimates.  Nexen Acquires Additional Interest in Aspen Project  Nexen Inc. has increased its interest in the Aspen Field, located in 3,150 feet of water on Green Canyon Block 243 in the Gulf of Mexico, from 20% to 60%.    [IMAGE]   [IMAGE]      Last 7 Days Top Stories [IMAGE] !      [IMAGE]     [IMAGE]  Hydralift Acquires AmClyde  Hydralift ASA has entered into a contract to acquire substantially all of the assets and activities of AmClyde Engineered Products Company, Inc. from the bankruptcy estate of Friede Goldman Halter, Inc.  Offshore Liftboat Sinks in the Gulf of Mexico  Nineteen rig workers were rescued from the choppy waters! off the Alabama coast as the wreckage of the liftboat floated nearby.  Russian Environmentalists Seeking Sakhalin Drilling Ban  A Moscow court will hear a lawsuit in April filed by Russian environmental groups seeking to ban oil and gas projects off Sakhalin island in the Russian Far East.  Tesco Awarded Algerian Drilling Contract  The Company has entered into an agreement with Steppe Forage, a major Algerian water well drilling contractor, to Casing Drill(TM) six water wells in western Algeria.  BP Announces GOM Pipeline Construction Plans  BP announced plans for the construction of three large-diameter crude oil pipelines to transport oil from the company's major discoveries in the deepwater Gulf of Mexico.  BP Renames Gulf of Mexico Discovery  BP announced it has retired the name Crazy Horse, and has re-named its major Gulf of Mexico discovery Thunder Horse.  Brunei Creates New State-Owned Oil Company  Brunei is set to play a bigger role in the global oil and gas scene under the newly established state-owned PetroleumBRUNEI.  BJ Services Acquires OSCA, Inc.  BJ Services Company has signed a definitive merger agreement to acquire OSCA, Inc. for $28.00 per share.  Bollinger Shipyards to Build Three Supply/Utility Boats  Bollinger Shipyards has signed a contract to build three 145 foot supply/utility boats with Edison Chouest Offshore.  Offshore Nigerian Field Confirmed  Three a! ppraisal wells have confirmed the potential of a previously unknown offshore oil field in Nigeria.  Amerada Hess To Reduce UK Workforce  Amerada Hess will reduce its exploration and production staff based in the UK by approximately 15 precent.  Prosafe acquires the Polyconcord  Prosafe ASA has entered into an agreement with K/S Rasmussen Offshore A/S for the purchase of the semisubmersible accommodation and service rig Polyconcord.    [IMAGE]   [IMAGE]      Upcoming Oil & Ga! s Industry Events [IMAGE]      [IMAGE]     [IMAGE]  Feb. 26 2002 IADC/SPE Drilling Conference and Exhibition  Dallas Feb. 26 Offshore Oil and Gas Safety Seminars  Aberdeen Feb. 27 Human Resources in Oil & Gas  Aberdeen 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?Industry - Targeting the Value  Houston Apr. 7 CORROSION/2002  Denver Apr. 9 2002 SPE/ICoTA Coiled Tubing Conf! erence and Exhibition  Houston May. 1 Nigeria Oil & Gas 2002  London  list your conference  view upcoming events   [IMAGE]   [IMAGE]    [IMAGE]    [IMAGE] [IMAGE]  Click here to go to Baker Hughes  AADE  Global Completion Service  HoverDril  Ocean International   [IMAGE]   [IMAGE]   promote your company      [IMAGE] [IMAGE]  [IMAGE]  Illustrated Petroleum Reference Dictionary, 4th Edition  [IMAGE] [IMAGE]  Fuel Field Manual  [IMAGE] [IMAGE]  Reservoir Seismology: Geophysics in Nontechnical Language  [IMAGE]  [IMAGE]   [IMAGE]      more products      [IMAGE]      [IMAGE] [IMAGE]  featured equipment: BOP Closing Units  [IMAGE]   West Africa Located Cooper LTO 750  [IMAGE]   [IMAGE]   [IMAGE]   more equipment      [IMAGE] [IMAGE]   featured jobs: - Drilling Supervisor  - Deepwater Drilling Engineer  - Paid Part-Time Consulting for Energy Professionals   more hot jobs >>   featured candidates: - Senior Materials Manager  - Exploration Geologist  - Oil and Petrochemical Construction Coordinator   search for candidates >>   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   Drillships:  To 5000': 57.1% (8/14) +5000': 96.0% (24/25)  Semisubs:  2nd Gen: 70.8% (51/72) 3rd Gen: 84.0% (42/50) 4th Gen: 97.4% (37/38) 5th Gen: 85.7% (6/7)  Jackups:  To 200': 55.2% (37/67) 200' MC: 41.7% (10/24) 200' MS: 14.3% (3/21) 300' IC: 90.6% (87/96) +300' IC: 94.4% (51/54) Severe Env.: 85.7% (18/21)  [IMAGE]   [IMAGE]   view complete utilization report      [IMAGE] [IMAGE]  Light Crud! e Oil: $20.90/BBL  (3.01%) Brent Crude Oil: $20.35/BBL  (2.36%) Natural Gas: $2.44/MMBtu  (2.95%) Unleaded Gasoline: $0.58/gal  (0.00%) prices from: 2/21/2002 change since: 2/20/2002  [IMAGE]   [IMAGE]    [IMAGE] 	[IMAGE]		
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