The gas facility, known as the Kapok project, will comprise a state-of-the-art, unmanned gas production platform linked to a new central processing unit in an offshore gas field, the company said in its quarterly newsletter released this week. The central processing unit is capable of processing 1.6 billion cubic feet of gas per day in addition to considerable quantities of crude and condensate, the company said. The Kapok field has an estimated three trillion cubic feet of gas which will be brought on stream for trains two and three at Atlantic LNG, Trinidad's major liquefied natural gas plant owned by a consortium of companies including BPTT.

Another aspect of the project now under way is the fabrication and installation of 48-inch (122-cm) pipeline some 30 miles (48 km) long, capable of delivering more than one billion cubic feet of gas daily from BPTT's offshore fields, the company said. BPTT, a unit of BP Amoco Plc (BP) (BP), said when the projects are completed, its gas delivery capability of one billion cubic feet daily will double.

BPTT's Vice-President of Upstream Development, Paul Smith, said a combination of growth factors led to the development of the upstream expansion projects. "Our first consideration was the rapid development of Trinidad and Tobago's gas economy. The immediate challenge was to deliver large volumes of gas for the rapidly expanding LNG project," he said. Smith said it was necessary to rethink BPTT's approach to development of offshore resources as a result of new gas fields being discovered and the need to prepare for "anticipated" future gas discoveries. For the complete press release, click here...

CDL design and manufacture equipment for use in the ROV and positioning industries. Current CDL products include inertial navigation systems, subsea metrology systems, gyrocompass systems, surface gyrocompass systems, bathymetry systems, video telemetry, data telemetry, pitch & roll sensors, shock sensors and data display units.

Kongsberg Simrad Ltd forms part of the Kongsberg Group of Norway's Maritime Company, which specialises in marine electronics for offshore and ocean survey markets worldwide. The principal areas of business are ROV Technology and Instrumentation, Ocean Survey and Hydrography, Underwater Instrumentation, Vessel Control and Process Automation. The Company is world market leader in each of these areas. Kongsberg Simrad Ltd additionally specialises in the application of indigenous and group technology for Defence applications.

For more information, e-mail Kevin Murray-Taylor, Sales & Marketing Manager, CDL Aberdeen. Scotland, UK. or visit their web site at http://www.cdltd.net

The Scarab and Saffron gas fields, the first deepwater development to be undertaken in the Eastern Mediterranean, will produce gas for Egypt. The $145 million contract includes the installation of gas export pipelines, in water depths ranging from shore to 415 metres, infield flowlines and service lines, manifolds, and well control umbilicals. The pipelay barge LB200 will install the gas export pipelines with the Seaway Falcon installing infield lines. The Seaway Explorer and Seaway Legend will undertake manifold installation, pipeline burial, survey and hydrotest work.

Stolt Offshore is a leading offshore contractor to the oil and gas industry, specialising in technologically sophisticated offshore and subsea engineering, flowline and pipeline lay, construction, inspection and maintenance services. The Company operates in Europe, the Middle East, West Africa, Asia Pacific, and the Americas. For the full release, visit: http://www.businesswire.com/cgi-bin/f_headline.cgi?day5/211502034&ticker=sosa|sto.o

In case you are interested to announce your products/services via this Sourcebook, and in helping to make this second Sourcebook as successful or even more successful than the first one, please e-mail Wilmiene Bakker Account Manager. You will be provided with a username, password and further instructions for submitting your details via the internet. For more inforamtion regaridng the Second Hydro International Sourcebook, contact http://www.gitc.nl

The transaction price represents a premium of 35 percent over Gulf Canada’s closing stock price of C$9.18 on Friday, May 25, 2001. The acquisition will be immediately accretive to Conoco’s earnings and cash flow per share, taking into account normal purchase accounting adjustments for unproved properties, goodwill and anticipated cost savings. The transaction is expected to close in the third quarter. For the full press release, click here or contact Carlton Adams. Visit the Conoco site at http://www.conoco.com or the Gulf Canada site http://www.gulf.ca

The entire data volume was loaded and rendered in less than 3 seconds. It is believed that the results show that VoxelVision has the fastest rendering algorithm in the industry enabling users to work with real sized volumes in real time. The hardware cost involved in the benchmark was less than US$ 5000 for computer including the graphics card resulting in a price / performance unmatched by any other vendor. Rendering technology is now available to everybody at affordable prices. The combined rendering speed and the new Voxel Space Interpretation (VSI) concept, to be released at AAPG and EAGE, will set new standards for efficient interpretation. The beta release of VSI has been very well received by the industry. For more information, contact Ola Fjeld, Managing Director at VoxelVision AS, Phone +47 7387 3696 Fax +47 7387 3699, or visit their website at: http://www.voxelvision.com/

The two subsidiaries generated combined revenues of US$114 million (130 million euros) in 2000. Magellan is one of the world market leaders in professional, recreational and automotive GPS products and has a strong presence in the United States. The acquisition should also support growth in Thales subsidiaries with an involvement in positioning applications (Thales Geosolutions and Global Telematics) through the development of common technologies. It offers significant opportunities for synergies with the Group's defense and aerospace businesses.

Thales is a European leader and global front-runner in professional electronics in three key markets: Aerospace, Defense and Information Technology & Services. The Group employs 65,000 people worldwide of whom 50% are based outside of France. Present in nearly 50 countries, Thales generated revenues of EUR 8.6 billion in 2000 (US$7.9 billion*), 70% of which came from international sales. Click here for more...

The area includes the Claymore, Scapa, Tartan, Highlander, Petronella, Piper B, Saltire and Chanter fields as well as the Flotta Terminal. Much of the area already has been covered by previous seismic surveys. This contract is the largest single source contract streamer survey ever acquired, and is being shot with PGS' vessel Ramform Victory. The survey, which began in late April, is scheduled for completion in August 2001. The Ramform Victory is deploying 16 streamers of 14,764 feet in length, for a total of 45 miles of streamer in the water.

The 16-streamer tow is a first for the oil and gas industry, surpassing the previous record of 12 streamers, according to PGS. The company said 16-streamer spreads offer significantly higher data quality compared to conventional 3-D surveys. Single source shooting substantially increases sampling redundancy at each subsurface reflection point that translates into significant improvements in data quality, particularly in geological areas normally characterized by poor data quality. For the complete press release, click here... http://www.oilonline.com/news/headlines/ephotline/20010604.PGS_awar.1501.asp

Several members of California's congressional delegation already opposed any new offshore exploration under the president's energy plan. President Bush's proposed energy policy included language that the U.S. West Coast, as well as the East Coast and the Eastern Gulf of Mexico offshore Florida might be considered for future drilling to help the country reach long-term energy goals. Click here for emore....

Slated for completion by June 2002, the $1.6 billion Gulfstream system will have 1.1-bcfd capacity. It will run from Mississippi and Alabama across the Gulf of Mexico to Florida. Nancy Schultz, Gulfstream senior vice president and general manager, technical functions, said, "This is the largest pipeline project underway in North America." It is designed primarily to serve Florida utilities and power-generation facilities. Guy Buckley, Gulfstream senior vice-president and general manager, business functions, said, "Gulfstream will provide enough fuel to create electricity for an additional 4.5 million Florida homes." Preparation for pipe laying started 2 months ago and will continue through June. Offshore pipe laying is scheduled to begin in early July.

The construction vessels used to place the offshore pipe can lay up to 4 miles/day. Onshore pipe laying is due to begin in mid-July in Polk County, Fla. More than 93 miles of pipe weighing 188,000 tons has been shipped from pipe mills in Florida, France, and Germany to yards in Alabama and Florida. For the complete press release, click here...

Ordnance Survey increased its existing database topographic identifiers (TOIDs) from 40 million to 400 million, which includes features such as fields and lakes. The DNF is and will be used for commercial marketing, business analysis, location-based services and public services. Once available, the data can be accessed online according to the user’s needs: daily to annually. The data will be available online 24 hours a day, seven days a week in 2002. Click here for more...

The contract calls for Grant to provide approximately 750 square kilometers of 3D seismic data. It is estimated that the project shall last nine months and will be conducted in the Oriente Basin, which is located in the Amazon jungle region of Ecuador. Dick Miles, President of Grant commented, "Grant appreciates the opportunity to work with OXY on this project. Ecuador is a key market for Grant. This contract is a significant step towards solidifying Grant's business strategy in Latin America."

Grant Geophysical, Inc. is involved in the acquisition, processing and marketing of 2D and 3D seismic data used by oil and gas exploration and development industry in the exploration for new reserves, the development of existing reservoirs, the management of producing oil and gas fields and other specialized geophysical services. Grant, headquartered in Houston, Texas, operates land and transition zone projects in the United States, Canada, Latin America, Middle East and Far East. For the full story, click here...