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  • Oil spill is solved - 04/23/2017 (Full story) Hilcorp has solved the mystery of an oil spill that happened at the Anna platform in the Cook Inlet on April 1. Apparently the oil had come from the platform's fuel gas flare system, following a jolt to the platform caused by ice on the water of the inlet. After isolating the fuel gas flare on the....

  • Well under control - 04/23/2017 (Full story) In the early hours of April 17 the team responding to the venting of gas from a well on Drill Site 2 of the Prudhoe Bay oil field succeeded in killing the well and thus achieving control of hydrocarbons escaping from the wellhead. The team killed the well by pumping salt water containing potassium c....

  • 14-well plan for CD-5 - 04/23/2017 (Full story) ConocoPhillips Alaska Inc. plans to drill as many as 14 wells at the Colville River unit this year and in the first quarter of next year, according to a recent development plan. The proposed program is mostly associated with the ongoing initial development activities at the new CD-5 pad. But the com....

  • Conoco confirms LNG plant bids - 04/23/2017 (Login to read Full story) ConocoPhillips has confirmed that it has received bids for the purchase of the company's liquefied natural gas plant at Nikiski on the Kenai Peninsula. “We are currently evaluating the bids to determine next steps,” company spokeswoman Amy Burnett told Petroleum News in an April 17 email. “We believ....

  • Objections raised to production numbers in DOR's spring forecast - 04/23/2017 (Login to read Full story) There was an unusually political reaction to the Alaska Department of Revenue's April 14 release of the spring update to its Revenue Sources Book. The release was later than usual, and some legislators questioned whether this was to prevent access to higher production and revenue numbers than proje....

  • Savant planning Badami exploration - 04/23/2017 (Login to read Full story) The Glacier Oil & Gas Corp. subsidiary Savant Alaska LLC is planning to drill an exploration well next winter in a newly identified prospect at the Badami unit. The company is currently planning to use Rig 36 or a similar rig to drill a well in the Starfish prospect at the eastern North Slope unit,....

  • Senate takes up oil tax, credit discussion - 04/23/2017 (Login to read Full story) The Alaska Senate Resource Committee began hearings on House Bill 111, the oil and gas production tax and credits bill, on April 14, met jointly with Senate Finance for more testimony April 15 and continued to hear the bill the week of April 17. The House Finance Committee substitute which passed t....

  • Turning to ‘home cooking' - 04/23/2017 (Login to read Full story) The flight by foreign-based oil companies from the Alberta oil sands will result in control of the resource passing to domestic producers who are confident that the consolidation process will drive down operating costs, stimulate innovation and make the industry more competitive. Brian Ferguson, chi....


  • Legislature passes clean energy bill - 04/23/2017 (Login to read Full story) The Alaska Legislature has passed a bill authorizing the implementation of property assessed clean energy, or PACE, financing by municipalities in the state. PACE financing, which already operates in several states, provides commercial property owners with a means of obtaining long-term financing at....

  • Permanent fund bill based on POMV - 04/23/2017 (Login to read Full story) With some broad consensus among lawmakers on the need to use earnings from Alaska's Permanent Fund to help fill the projected shortfall in the state's funding requirements, but with some differing views on the specifics of how those earnings would be apportioned, House and Senate versions of a bill....

  • Gas hydrate: an enticing resource - 04/23/2017 (Login to read Full story) Gas hydrates, solids in which gas molecules are held inside a lattice of water molecules, are known to exist in vast quantities around the world. And, with the gas in the material usually being methane, the primary component of natural gas, people have long wondered about the possibility of using th....

  • IEA thinks oil market may be in balance - 04/23/2017 (Login to read Full story) The International Energy Authority in its April Oil Market Report has suggested that supply and demand have come into balance in the global oil market. Moreover, the organization's short-term forecast actually shows demand moving ahead of supply in the second quarter of this year.....

  • AGDC submits Section 3 application to FERC - 04/23/2017 (Login to read Full story) The Alaska Gasline Development Corp. filed an application with the Federal Energy Regulatory Commission April 17 to obtain a Natural Gas Act Section 3 permit for its Alaska liquefied natural gas product. AGDC, a public corporation of the state, took over advancing a North Slope natural gas pipeline....

  • State lease activity minor in March - 04/23/2017 (Login to read Full story) The Alaska Department of Natural Resources conducted limited lease activity in March. • The Glacier subsidiary Savant Alaska LLC relinquished lease ADL 392604. The lease was part of a cluster on the eastern North Slope, along the Canning River, associated with the Yukon Gold prospect. The lease was....

  • Two spring areawide lease sales June 21 - 04/23/2017 (Login to read Full story) The Alaska Department of Natural Resources, Division of Oil and Gas, has scheduled bid openings for the annual areawide Cook Inlet and Alaska Peninsula lease sales for June 21 at the Atwood Building in Anchorage. Sealed bids are due June 19 by 4 p.m. The Alaska Peninsula areawide sale covers some 4....

  • California platform to be decommissioned - 04/23/2017 (Login to read Full story) A Southern California offshore oil platform will be decommissioned and its operator is seeking bankruptcy protection, nearly two years after the platform was idled when an onshore pipeline ruptured and spilled a massive amount of oil into the ocean, the state and company said April 17. The State Lan....

  • Petroleum News also offers a News Bulletin Service.
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    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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