Subject:  New Oil and Gas Projects for May ‘06

New oil and gas projects are reported monthly to Scrubber/Adsorber World Markets http://www.mcilvainecompany.com/air.html#n008 subscribers.  Here are the project titles for the month of May ‘06.

OIL AND GAS

UPDATE

May 2006

TABLE OF CONTENTS

INDUSTRY ANALYSIS

   OVERVIEW

• Lack of Staff and Equipment Hit Oil Output Worldwide

   AMERICAS

            U.S.

• Federal Government Plans Oil and Gas Auction in Utah
• Ruling Challenged on Allowing more Gas Wells in Colorado’s Bolder and Weld Counties
• California Introduces Bill to Limit Emissions of Gases
• Michigan Company to Drill for Gas in Philadelphia Suburbs
• Energy Companies Sign Oregon to California Gas-Pipeline Deal
• Linde Gas LLC Signs Hydrogen Contract with Shell
• Pogo Producing to Buy Latigo petroleum for $750 Million Cash
• $527,681 Environmental Studies Begin on California Slant Oil Drilling Project
• Oil Drilling Equipment Constitutes Newly Discovered Hazard to Migratory Birds
• Utah’s Aneth Field Has Built up over $8 Million in ExxonMobil and Chevron Fines and proved Troublesome for Navaho Residents
• Apache to Buy BP U.S. Gulf Fields for $1.3 Billion
• Colorado Headed Toward another Record Year for Oil, Gas Wells
• Petrohawk Energy and KCS Energy Agree to Merge Creating a $3.7 Billion Enterprise
• Wyoming Ranks No. 3 in U.S. Gas Production
• Denver International Airport to Squeeze more Profits out of Oil and Gas on Airport Land
• Repairs Ahead of Schedule at Gulf of Mexico Shell Rig
• BP Admits being ‘Blown off Course’ by Hurricane Storm Damage to its Rigs

            BOLIVIA

• Franklin Mining, Inc. Forms Franklin Oil & Gas Bolivia
• New Rig Brings Brazil Oil Self-sufficiency

            CANADA

• Oil, Gas Fever Fuels $32 Million in Saskatchewan Land Sales

            MEXICO

• ONGC Plans Pemex Pact for Mexican Blocks as well as Eyeing LNG Blocks

            VENEZUELA

• Venezuela Takes Back Oil Fields and Signs Joint Ventures

2. ASIA

            AUSTRALIA

• CNOOC, BHP Billiton, Kerr-McGee to Explore for Natural Gas in Australia
• Woodside Has High Hopes for Enfield

            CHINA

• China’s First Drilling Rig for 9,000-Meter Wells to go into Operation this June

• China to Set up Asia’s Largest Offshore Oil Drilling Platform
• Keppel Upgrades Two yards to Win China Ordered

            INDIA

• India Attracts Foreign Investment in Oil and Gas with 55 New Blocks
• India’s Oil, IOC to Bid for Egyptian Oil, Gas Blocks with Potential to produce 500 Million Barrels of Crude
• Reliance Strikes 60mt Oil in Krishna Basin

            INDONESIA

• Exxon May Delay $2.6 Billion Cepu Oil Drilling on Rig Scarcity
• Exxon Sells $51 Million Stake in Indonesia Gas Field

            NEW ZEALAND

• New Zealand’s Tui Field Gets $32 Million in funding as Oil Price Surge Helps Viability

            PAKISTAN

• Attacks on Pakistani Gas Lines Cost Heavy Financial Losses

            SINGAPORE

• Mercator Lines Places Rs 810 cr Order for Rig to Singapore Co

3. EUROPE / AFRICA / MIDDLE EAST

            IRELAND

• Irish Oil and Gas Company Looks to Acquire Production Activities

            NORWAY

• Aker Kvaerner $87 Million Drilling System Contract with Sevan Drilling Pte. Ltd.
• Norwegians Buy Three Oil Rigs for $600 Million
• Abbot to Buy Norway’s Songa Drilling for a $440 Million Cash Offer

            ETHIOPIA

• Ethiopian Rebels Warn Against Oil, Gas Exploration

            KENYA

• Kenya Signs Exploration Contract with China
• Data Shows Kenya Has Crude Oil, Gas Prospects

            LIBYA

• Medco Energi Leases Two Rigs for Drilling Wells at Libyan Site

            SUDAN

• Sudan’s Economic Hope Lies with the Oil Industry

            SYRIA

• Syria Plans to Double Gas Production over the Next Three Years

            TUNISIA

• Austria Based OMV says Tunisia Oil and Gas Discovery Stable

            GEORGIA

• Georgia Establishes Oil, Gas Corporation

            RUSSIA

• Russian Energy Minister Discusses Gas Projects with Mitsubishi
• Shell’s $20 Billion Russian LNG project May Get EBRD Environmental Approval by May
• Russia is Looking to the West for New Tools of the Trade

            TURKMENISTAN

• China, Turkmenistan Sign Agreement on Oil, Gas Cooperation

            IRAQ   

• Large Fire Occurs at Oil and Gas Complex in Northern Iraq

            OMAN

• Oman to Spend $10 Billion for Oil and Gas Output

            QATAR

• Qatar to Boost Oil Output Capacity by 325,000 bpd by 2009
• Chicago Bridge & Iron gets $150 Million Qatar Contract

For more information on all McIlvaine services, click on:  www.mcilvainecompany.com or call: 847-784-0012.

Bob McIlvaine 

rmcilvaine@mcilvainecompany.com