Offshore

Although no public announcement has ever been issued by China National Offshore Oil Corp. (CNOOC), two Republican congressmen from California are calling on the Bush administration to review a possible counterbid if the Chinese major attempts to acquire Unocal Corp.

Pogo Producing said Friday it is selling its Thailand assets, including about 341 Bcfe of proved reserves, to PTTEP Offshore Investment Co. Ltd and Mitsui Oil Exploration Co. Ltd. for $820 million in cash, which Pogo plans to use to fund acquisitions and capital projects.

China National Offshore Oil Corp. (CNOOC) apparently is still mulling whether to make an offer for Unocal Corp., which could challenge the $16.4 billion offer made by ChevronTexaco Corp. in April (see Daily GPI, April 5).

International trade in natural gas grew at a brisk pace in 2004, when Canadian pipeline exports rebounded and tanker landings of offshore supplies surged at a rate described as “explosive” to serve strong demand for imports in the United States, according to the U.S. Energy Department’s (DOE) annual review of gas trade trends.

International trade in natural gas grew at a brisk pace in 2004, when Canadian pipeline exports rebounded and tanker landings of offshore supplies surged at a rate described as “explosive” to serve strong demand for imports in the United States.

Pacific Gas & Electric did not extend a systemwide Stage 2 high-inventory OFO beyond Wednesday.

The American Public Gas Association (APGA) last Wednesday called on President Bush to include all offshore areas currently under moratoria or “administrative discretionary withdrawal” in the upcoming five-year Outer Continental Shelf (OCS) oil and gas leasing program for 2007-2012.

The American Public Gas Association (APGA) on Wednesday called on President Bush to include all offshore areas currently under moratoria or “administrative discretionary withdrawal” in the upcoming five-year Outer Continental Shelf (OCS) oil and gas leasing program for 2007-2012.

Columbia Gulf reported completion of repairs to a leak on its 20-inch offshore CNT Line upstream of the B side of the Eugene Island 250 platform. Operators were being allowed Wednesday to resume flow at eight meters — four where Columbia Gulf and Tennessee have connections at the same platforms and another four Tennessee meter locations that were affected when the leak was discovered last week (see Daily GPI, March 24).