Another new pad
- 10/20/2019 (Full story)
Following close behind Moose pad, which began oil production in April, Hilcorp Alaska is planning to add another new pad, Raven, in the North Slope Milne Point unit in order to access more untapped oil in the Schrader Bluff and Kuparuk reservoirs.
On Oct. 9 the US Army Corps of Engineers issued a pu....
First trident well 2020
- 10/20/2019 (Full story)
BlueCrest Alaska Operating LLC plans to drill its first trident fishbone well in 2020 at the Cosmopolitan unit in Cook Inlet, the company said in its sixth plan of development for the unit, filed Sept. 30. The sixth POD covers the 2020 calendar year.
BlueCrest may drill two trident wells in its 2020....
When good might be bad
- 10/20/2019 (Login to read Full story)
At first glance it should be more good news than bad for the domestically controlled sector of Canada's oil and gas industry.
Divestitures of US$30 billion in assets held by foreign-based companies means a sizeable return of ownership in the oil sands to the pioneers who opened up the vast play in n....
Oil patch insider: Shell CEO says major to continue O&G investment, risky not to - 10/20/2019 (Login to read Full story)
Rebecca Logan picked up an interesting Reuters article for the Alliance's Oct. 15 AK Headlamp, in which Royal Dutch Shell's CEO was quoted as saying there are ample opportunities to make money from oil and gas in the decades ahead.
Ben van Beurden, who became a prominent industry action advocate on....
DEC is looking for input on its existing C-plan requirements - 10/20/2019 (Login to read Full story)
The Alaska Department of Environmental Conservation is seeking public input on its oil discharge prevention and contingency plan requirements, DEC said in an Oct. 15 public scoping notice.
C-plans are required for facilities and vessels that store and transport oil.
The department would like to rece....
BP reports rise in oil output at Prudhoe Bay satellite fields - 10/20/2019 (Login to read Full story)
BP Exploration (Alaska) Inc. says oil production at its Prudhoe Bay satellites has increased overall but is down in two of the five fields.
In a recent annual progress report and plan of development update for the satellites that was submitted to the state Division of Oil and Gas, the Prudhoe Bay op....
Ed King: Alaska oil production could top out at 700,000 bpd - 10/20/2019 (Full story)
In a recent interview with Petroleum News, Alaska economist Ed King said once the Pikka and Willow projects come online, coupled with the natural decline in older fields, the “net effect” could “top out at 700,000 barrels of oil per day and decline from there.”
His numbers are based on public produc....
Charlie No. 1 well plans, JV on track - 10/20/2019 (Login to read Full story)
88 Energy Ltd., via its 100% owned subsidiary Accumulate Energy Alaska, has booked the Nordic 3 rig for the upcoming drilling of its Charlie No. 1 appraisal well in its North Slope Icewine project.
Accumulate is headed by general manager of operations Erik Opstad, a state of Alaska certified profes....
O&G tax hike draws closer to 2020 ballot - 10/20/2019 (Login to read Full story)
A ballot initiative that will ask Alaska voters to increase oil taxes in order to support state spending reached the next step in the process on Oct. 15 when Lt. Gov. Kevin Meyer certified its application.
The initiative's supporters can now gather signatures to get what they call the “Fair Share Ac....
Lighting up 47 rural Alaska communities - 10/20/2019 (Login to read Full story)
The Alaska Energy Authority, or AEA, said Oct. 14 that 47 rural Alaska communities from across the state have been selected to receive funding under a new Village Energy Efficiency Program initiative that is supported with a $1 million grant from Wells Fargo.
Eligible communities under VEEP are thos....
US drilling rig count, at 856, up by one - 10/20/2019 (Login to read Full story)
Baker Hughes reports the number of rigs drilling for oil and natural gas in the U.S. was up by one the week ending Oct. 11 to 856, following four weeks of declining numbers.
In its weekly rig count the Houston oilfield services company said the active rig count was down 207 from 1,063 active rigs a....
Oil patch bits: DUS security team recognized for superior performance - 10/20/2019 (Login to read Full story)
Denali Universal Services said recently that it is honored to announce that the Outstanding Security Performance Awards in conjunction with the leading industry group American Society for Industrial Standards has recognized the DUS security team at Alaska Regional Hospital as finalists for their lea....|