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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Dispelling myths - 02/16/2020 (Full story) Department of Natural Resources Commissioner Corri Feige spent part of her time at the recent NAPE Summit in Houston tackling two major myths about doing business in Alaska's oil and gas basins: one was about the number of rigs working on the North Slope and the other the regulatory environment. “Th....

  • State OKs Placer POD - 02/16/2020 (Login to read Full story) The dispute over the Placer unit, between the Alaska Department of Natural Resources' Division of Oil and Gas and ASRC Exploration, has been resolved, DNR Commissioner Corri Feige told Petroleum News Feb. 10. The Placer unit had been terminated by the division in July. Placer was discovered in 2004....

  • Shift to conventional - 02/16/2020 (Full story) More than 11,000 oil and gas professionals and 700 exhibitors packed the George R. Brown Convention Center at the NAPE Summit in Houston in early February, including at least seven Alaska exhibitors, six of whom were touting their oil and gas prospects in the state. The Alaska Department of Natural....

  • Fine tuning Prudhoe: Seawater injection switch to add barrels - 02/16/2020 (Full story) Ending seawater injection at two Prudhoe Bay drill sites and increasing seawater injection in the gas cap at the field will increase ultimate recovery from those drill sites, as well as increasing overall recovery by increasing field-wide pressure, field operator BP Exploration (Alaska) told the Ala....

  • Celebrations fizzle out as Trans Mountain faces 70% cost overrun - 02/16/2020 (Login to read Full story) Government leaders and the Alberta-based oil industry had little time to pop the champagne corks after what many viewed as the removal of the final legal barrier to the Trans Mountain pipeline expansion, TMX. They were quick to start the celebrations on Feb. 3 when Canada's Federal Court of Appeal i....

  • Furie sale hearing moves again Omnibus adjourned until Feb. 19 - 02/16/2020 (Login to read Full story) The sale hearing on the assets of Furie Operating Alaska LLC, in its Chapter 11 bankruptcy case, has been adjourned to Feb. 19, 2020, at 2 p.m. before U.S. Bankruptcy Judge Laurie Selber Silverstein in the United States Bankruptcy Court for the District of Delaware. HEX LLC, 100% owned by member man....

  • Ray of hope in Canada: first oil sands capex gain since 2014 - 02/16/2020 (Login to read Full story) Reeling from a double whammy of stumbling oil prices, stemming mostly from the expected impact of the spreading coronavirus infections, and a drastic slide in Western Canadian heavy crude values, it's hard to imagine much good news. But there has been some, with predictions of the first increase in....

  • Expansion, contraction for Qannik oil pool - 02/16/2020 (Login to read Full story) ConocoPhillips Alaska has requested a vertical expansion and an aerial contraction of the Qannik Oil Pool in the Colville River unit. In a Feb. 6 application to the Alaska Oil and Gas Conservation Commission the company requested modification of the Qannik Oil Pool conservation order, expanding the....

  • More support for electric system bills - 02/16/2020 (Login to read Full story) On Jan. 29 several stakeholders in the Alaska Railbelt electrical system testified to a joint meeting of the Senate Railbelt Electric System Committee and the House Special Committee on Energy regarding two bills being considered during the current Alaska legislative session. The bills, Senate Bill....

  • EIA drops 2020 Brent forecast to $61 - 02/16/2020 (Login to read Full story) In its Feb. 11 Short-Term Energy Outlook the U.S. Energy Information Administration said it expects global petroleum and liquid fuels demand to average 100.3 million barrels per day in the first quarter of the year, 900,000 bpd less than its January forecast. The agency said the change reflects both....

  • DOE proposes non-FTA gas export extensions - 02/16/2020 (Login to read Full story) The U.S. Department of Energy's Office of Fossil Energy is proposing to extend the standard 20-year term for authorizations to export natural gas, including liquefied natural gas, from the Lower 48 states to countries with which the United States does not have a free trade agreement for natural gas....

  • RCA OKs sales agreement confidentiality - 02/16/2020 (Login to read Full story) The Regulatory Commission of Alaska said in a Feb. 11 order that it grants the petition for confidential treatment of the purchase and sale agreement in the sale by BP of its Alaska assets to Hilcorp. RCA is hearing issues related to the sale of BP's interest in the Milne Point Pipeline, BP's inter....

  • US drilling rig count holds steady at 790 - 02/16/2020 (Login to read Full story) Baker Hughes reports the number of rigs drilling for oil and natural gas in the U.S. the week ending Feb. 7 is unchanged from the previous week at 790. The count is down by 259 from 1,049 a year ago. In its weekly rig count the Houston oilfield services company said 676 rigs targeted oil, up one fr....

  • New work at Milne Point I Pad approved - 02/16/2020 (Login to read Full story) On Feb. 10 Alaska's Division of Oil and Gas approved Hilcorp's Alaska's plan of operations amendment request to install infrastructure and utilities to bring additional power to I Pad in the Milne Point unit. The work is being done in anticipation of developing additional production and wells. The....

  • US DOT announces $20 million Port of Alaska grant - 02/16/2020 (Login to read Full story) The U.S. Department of Transportation announced a $20 million grant to the Port of Alaska Feb. 11, as part of its Port Infrastructure Development Program. The grant comes on the heels of a $25 million grant to the port from the federal “Better Utilizing Investments to Leverage Development Transporta....

  • Petroleum News also offers a News Bulletin Service.
    You must subscribe to this service to receive current News Bulletins.
    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • Interior releases final well control regulations 04/14/2016
  • RCA approves ML&P, Chugach Electric gas field purchase 04/22/2016
  • ExxonMobil starts Point Thomson production 04/22/2016
  • Court rejects appeal against Shell air permits 12/26/2012
  • Furie permitting Kitchen Lights development 12/05/2012
  • Conoco applies for Bear Tooth permit 12/03/2012

    The eAlert News Bulletin Service is our premier information service. Often delivered multiple times per week by email, it provides the latest breaking news for the oil and gas industry.

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