British

Pioneer to Expand Alaska Exploration, Ups Budget

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

January 17, 2005

BP Reports 4% Increase in 4Q Production

British Petroleum said Wednesday that it expects its fourth quarter worldwide production to be up about 4% from 4Q2003 to 4.09 million boe/d mainly because of increases in Russia. However, higher taxes in Russia and costs associated with damage from Hurricane Ivan in the Gulf off Mexico and a blowout at an Egyptian offshore platform will take a bite out of its earnings.

January 13, 2005

New Talisman Well in BC Expected to Produce 40 MMcf/d

Talisman Energy made a major natural gas find in northeastern British Columbia. A successful Paleozoic gas well in its core Monkman area tested at a restricted rate of 40 MMcf/d with maximum open flow potential of more than 75 MMcf/d. The company said the well, 20% of which is owned by Seneca Energy Canada Inc., should begin production at 40 MMcf/d by January.

January 12, 2005

New Talisman Well in BC Expected to Produce 40 MMcf/d

Talisman Energy made a major natural gas find in northeastern British Columbia. A successful Paleozoic gas well in its core Monkman area tested at a restricted rate of 40 MMcf/d with maximum open flow potential of more than 75 MMcf/d. The company said the well, 20% of which is owned by Seneca Energy Canada Inc., should begin production at 40 MMcf/d by January.

January 12, 2005

Report Sees No Progress Toward Lifting Offshore BC Drilling Moratorium

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

November 29, 2004

Priddle Report Sees No Progress Toward Lifting Moratorium on BC Offshore Drilling

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

November 29, 2004

Priddle Report Sees No Progress Toward Lifting Moratorium on BC Offshore Drilling

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

November 29, 2004

BC Government Looks to Open Western Offshore Drilling

Amid preparations for spring public hearings, a British Columbia government eager to capitalize on strong natural gas markets has put out a reminder that a formula has already been found once for opening up the West Coast of Canada to offshore drilling.

February 17, 2004

BC Government Looks to Open Western Offshore Drilling

Amid preparations for spring public hearings, a British Columbia government eager to capitalize on strong natural gas markets has put out a reminder that a formula has already been found once for opening up the West Coast of Canada to offshore drilling.

February 16, 2004

Transportation Notes

Citing recent low temperatures and production losses in northeast British Columbia, Westcoast said Tuesday it was “experiencing extremely low linepack conditions.” In order to protect operational integrity, the pipeline said shippers’ account availabilities at all receipt points would be limited to their current production levels effective immediately. Account availabilities will be adjusted as production levels increase or decrease, Westcoast said. Kern River reported Tuesday afternoon being informed that due to problems with the Jonah Field’s supply of gas to the Opal Plant, cuts were likely in that day’s 4th nominations cycle. Shippers were urged to call suppliers to see if a supply realignment was necessary.

January 29, 2004