Oil & Gas Journal Online This Week (fwd)

["Clement M. Henry" <chenry@mail.la.utexas.edu>]

Here is the weekly oil industry news from the OGJ.

*****************************
Clement M. Henry
Professor of Government
University of Texas at Austin
Austin TX 78712
tel 471-5121, fax 471-1061

---------- Forwarded message ----------
Date: Thu, 19 Sep 2002 11:39:12 EDT
From: PennWell <10182205@mbox.surecom.com>
Reply-To: PennWell
    <10182205.59271965.4.2435.Oil_Gas_Journal.Online_Newsletter@r1.replyserver.c
    om>
To: CHENRY@mail.la.utexas.edu
Subject: Oil & Gas Journal Online This Week


=================================================
       OIL & GAS JOURNAL ONLINE THIS WEEK
               September 19, 2002
=================================================
Every Thursday, OGJ Online This Week delivers a
summary of the latest upstream, downstream and
government/regulatory news on OGJ Online.  Please
visit http://www.ogjonline.com for more
information on each news story.

=================================================

-------\advertisement/-------
Ever considered whether outsourcing your ERP or SAP
solution is right for your company? Then read a free
whitepaper on “Application Management: Outsourcing
vs. Insourcing” written by Art Williams, Ph.D., a 30 year
IBM veteran and an ex-Giga Analyst at:
http://info.bluestarsolutions.com/ibm/outsourcing.php?em=618
--------------------------------------------------


PHASE 2 OF ACG DEVELOPMENT PROJECT
IN AZERBAIJAN GETS NOD
Sep-18-2002
~~~~~~~~~~~~~~~~~~
The construction stage of Phase 2 of
the Azeri-Chirag-Gunashli full field
development project in the Azerbaijan
sector of the Caspian Sea
was sanctioned Wednesday.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155129


MARKET WATCH: OIL FUTURES PRICES FALL
AS ADDED 'WAR PREMIUM' DEFLATES
Sep-18-2002
~~~~~~~~~~~~~~~~~~
Oil futures prices declined Tuesday,
as traders bled off more of the
market's built-in "war premium" after
Iraq sent a letter to the UN saying
it is willing to discuss readmiting
UN weapons inspectors.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155128


BP MAKES FIRST ULTRADEEPWATER DISCOVERY
OFF ANGOLA
Sep-18-2002
~~~~~~~~~~~~~~~~~~
BP Exploration on behalf of Angola's
national oil company Sonangol EP
and other partners, reported the
Plutao oil discovery in ultradeepwater
Block 31 off Angola, 248
miles northwest of Luanda.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155127


STRIKE ENDS AT STATOIL-OPERATED MONGSTAD
REFINERY
Sep-18-2002
~~~~~~~~~~~~~~~~~~
A workers' strike--which had been
affecting vessel traffic to and
from Statoil ASA's Mongstad refinery
as well as reducing that plant's
output--was called off late
Monday.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155126


ANALYSTS SAY OPEC QUOTA INCREASE IS
ADVISABLE BUT NOT VITAL
Sep-18-2002
~~~~~~~~~~~~~~~~~~
The Organization of Petroleum Exporting
Countries should increase its
production quota--but not its
actual output--by 500,000-1 million
b/d, said financial analysts.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155125


-------\advertisement/-------
Find the Right Consultant - FAST! With 1,900+ pre-
qualified consulting firms, ProSavvy's free solution
empowers companies to quickly identify, select and
manage consultants from every industry and major
practice area. Visit http://ogj-pennnet.prosavvy.com
--------------------------------------------------


SHANGHAI CABOT CHEMICAL TO EXPAND CARBON
BLACK PLANT
Sep-17-2002
~~~~~~~~~~~~~~~~~~
Shanghai Cabot Chemical Co. Ltd. plans
to expand its carbon black production
facility in Shanghai, China,
to increase carbon black production
by more than 50,000 tonnes/year.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155055


BP SEEKS TO SECURE NATURAL GAS SUPPLIES
ACROSS NORTH SEA'S UK-NORWAY
BORDER
Sep-17-2002
~~~~~~~~~~~~~~~~~~
BP PLC last month solicited other North
Sea operators to gauge interest
in promoting new links across the
UK-Norway border with the North
Sea's existing pipeline infrastructure.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155008


ZIFF ENERGY: WESTERN CANADA FIELD OPERATING
COSTS ON RISE
Sep-17-2002
~~~~~~~~~~~~~~~~~~
Operating costs at oil and natural
gas fields in western Canada continue
to rise, but producers can cut
costs and maximize cash flow through
better energy management programs,
said Ziff Energy Group.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155004


EXXONMOBIL TAPS ATWOOD OCEANICS FOR
DRILLING OFF MALAYSIA
Sep-17-2002
~~~~~~~~~~~~~~~~~~
ExxonMobil Exploration & Production
Malaysia Inc. has awarded a 2-year
contract to Houston-based Atwood
Oceanics Inc. for drilling operations
to be performed by Atwood's Vicksburg
drilling rig off Malaysia.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=155000


PERUPETRO TO COVER GUARANTEED INCOME
FOR CAMISEA TRANSPORT
Sep-16-2002
~~~~~~~~~~~~~~~~~~
Camisea natural gas project will have
a guaranteed income for the transportation
and distribution of gas
through pipeline through a contract
covering the difference in the
cost of transportation.
http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_ID=154964


-------\advertisement/-------
Curious about the next turn the industry will take? The best
barometer is the OGJ online classifieds. Employment,
equipment for sale, business opportunities could tell you
volumes. Stay on top of the energy industry! Use this quick link!
http://classifieds.pennnet.com/classified_subcategories.cfm?02
--------------------------------------------------

=================================================

SUBSCRIBER SERVICE
To subscribe, unsubscribe or change your delivery
address for any of our e-mail newsletters visit:
http://www.clientize.com/pennenergy.

Also available via email are:

EQUIPMENT FOR SALE ALERT - A summary of energy
equipment available for immediate sale on OGJ
Equipment Exchange.

EQUIPMENT WANTED ALERT - A summary of energy
items OGJ Equipment Exchange clients want to
purchase.

GLOBAL ENERGY REPORT - A summary of the latest
energy news from Power Engineering magazine,
Power Engineering International magazine,
Electric Light & Power magazine, and Utility
Automation magazine.

=================================================

For 100 years, Oil & Gas Journal has been the
first place professionals look to for the latest
intelligence on every aspect of the petroleum
industry.  Subscribe today.  Succeed tomorrow.
Go to: http://www.ogjonline.com/subscribe.html.

=================================================

ADVERTISING OPPORTUNITIES
To advertise in OGJ Online This Week, contact
Steve Stewart at 713-963-6273 or
sstewart@pennenergy.com.

=================================================
                 Copyright 2002
                Oil & Gas Journal
               All Rights Reserved
=================================================