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Halliburton to cut 9,000 jobs in wake of oil's drop

...9,000 planned job cuts that it announced in January.Schlumberger and Halliburton help map underground oil and gas reservoirs and drill wells for energy companies. Halliburton is a leader in hydraulic fracturing, or the process of breaking...
BlueCrest, WesPac ink deal to develop Cosmo begin drilling offshore wells into the shallower gas reservoir with a jack-up rig, Johnson said.WesPac far, Johnson said.The existence of the shallow gas reservoirs were always suspected, but they had not been confirmed...
Miller makes bid for Buccaneer as gas dispute continues

...of Kenai.CIRI, which owns a property adjacent to the Kenai Loop pad, claims it owns 20 percent of the Kenai Loop gas reservoir, and thus should be paid for a portion of what Buccaneer has produced.The state Mental Health Trust Land Office...
Exploration work to resume at Cosmopolitan prospect

...according to the plan. The well would then be cemented off and would later be used to produce gas from the shallow gas reservoir. Johnson said enough data is available on the northern part of oil reservoir to begin drilling the first production...
Enstar nears deal on natural gas storage

...TransCanada, would develop and operate the facility, which would be located in a mostly depleted gas field. Several gas reservoirs are being considered, but the Cannery Loop field near Kenai is the leading candidate, said TransCanada spokesman...
Marathon Oil happy with natural gas tests on Peninsula

ANCHORAGE (AP) -- Marathon Oil Co. said it is encouraged by the results of tests at a new natural gas reservoir on the Kenai Peninsula. Marathon and its partner Unocal Corp. hope to begin selling the gas in 2004. The companies said in January...
Buccaneer says it can produce 10 mmcf daily from new gas field

...Cosmopolitan is owned by Buccaneer and Bluecrest Energy, a partner, and is a known oil deposit with a shallower natural gas reservoir. The initial well will be to test the shallow gas deposit to determine if it can be commercially produced.
Gas cooperative formed

...Southcentral Alaska gas producers Chevron Corp. and Marathon Oil Co. now have some capacity for gas storage in depleted gas reservoirs, but utilities may want to have their own storage, Heinze said. The co-op could also assist utilities in negotiating...


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