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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (48429)	7/24/1999 12:02:00 PM
From: William JH	Read Replies (1) \| Respond to of 95453

Re: Storage, from the Simmons report "Surviving the Energy Crisis: "But, the growth in these stocks (storage) has created another serious problem that began creeping up on the industry several years ago, with zero notice or fan-fare. We are clearly running out of capacity to either transport or store certain grades of petroleum supply necessary to logistically supply the world with 75 to 76 million barrels of oil each day. The rumors that the Cushing, Oklahoma oil terminals were so full last spring that you could not find any place to put an extra barrel were true. The system was operating at 100% capacity. But, it was enlightening to see that all this high level of PADDII supply turned out to be needed to make it safely through the Midwest"s 1998 summer driving system, a luxury we might not enjoy this coming summer."

To: Tomas who wrote (48429)	7/26/1999 8:04:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

New Drilling Technology Boosting the Bottom Line of Oil Companies, Petroleum Argus Special Report Says HOUSTON, July 26 /PRNewswire/ -- New technological advances are revolutionizing the oil business, slashing the cost of developing oil and gas fields, according to a Special Report published in Weekly Petroleum Argus, the authoritative energy industry newsletter. The business of finding and producing oil has never been more complex, nor more successful. New technology is giving companies access to oil and gas reserves that were formerly unprofitable to recover and market. That is affecting the bottom line, as companies are able to revive old fields and find new ones in deepwater areas such as the Gulf of Mexico and the North Sea. Big service companies and niche firms with particular expertise, such as Baker Hughes, Schlumberger and Halliburton, are now driving drilling technology development. BP Amoco, Phillips and Union Pacific Resources stand out as the global leaders in horizontal and multilateral drilling, techniques that have dramatically altered how companies search for oil. The Special Report examines evolving advancements in slim-hole drilling, deepwater production systems, and enhanced oil recovery. It also looks at the companies at the forefront of these new technologies such as Elf, Conoco, Oryx, and Shell. For a free copy of the Special Report on oil and gas upstream technology, contact the Petroleum Argus Sales Department by submitting your name at petroleumargus.com . Petroleum Argus publishes over 20 newsletters that survey the global oil and gas industry, covering such issues as investment, corporate strategy, market trends, and pricing information. Petroleum Argus is the only global independent source of oil and gas pricing information backed by a series of analytical newsletters and deep historical databases. The web site -- petroleumargus.com -- describes individual newsletters and reports. SOURCE: Petroleum Argus biz.yahoo.com