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  • Pentex sale is approved - 12/17/2017 (Full story) On Dec. 7 the board of the Alaska Industrial Development and Export Authority approved revised versions of the sale and financing agreements for the sale of Pentex Alaska Natural Gas Co. from AIDEA to the Interior Gas Utility. So, with the IGU board already having approved the sale documents during....

  • Following some trends - 12/17/2017 (Full story) Dec. 6 saw a robust state oil and gas lease sale for the North Slope and more modest sale results for state waters of the Beaufort Sea and for federal land in the National Petroleum Reserve-Alaska. The sale results appear to point to current oil company and investor attitudes towards oil and gas dev....

  • Increase from October - 12/17/2017 (Full story) The Alaska Department of Revenue released its fall 2017 Revenue Sources Book Dec. 12, with a final fall forecast of oil price, oil production and state revenue. The department issued a preliminary forecast in October, and the final has a $247 million increase in fiscal year 2018 general fund unrestr....

  • AOGCC agrees to $200,000 bond for P&A of Nicolai Creek gas wells - 12/17/2017 (Login to read Full story) The Alaska Oil and Gas Conservation Commission is allowing a $200,000 surety bond for the plugging and abandonment of the wells in the Nicolai Creek gas field on the west side of Cook Inlet, according to filings in federal bankruptcy court in Alaska. As part of the bankruptcy proceedings for Aurora....

  • Stump Lake unit terminated; leases will be offered in Cook Inlet sale - 12/17/2017 (Login to read Full story) Hilcorp Alaska has requested, and the Alaska Division of Oil and Gas has approved, termination of the Stump Lake unit. The division's goal is to get tracts which have been part of the unit into the 2018 Cook Inlet areawide lease sale. Stump Lake, on the west side of Cook Inlet northeast of Beluga, i....

  • US expected to hit 10 million bpd in 2018 - 12/17/2017 (Login to read Full story) The U.S. Energy Information Administration said Dec. 12 in its December Short-Term Energy Outlook that crude oil prices traded at the highest levels in more than two years in November and early December. “Average Brent crude oil spot prices climbed by $5 per barrel last month, rising from October's....

  • Balash confirmed to Interior post - 12/17/2017 (Login to read Full story) Joe Balash was confirmed 61-38 on Dec. 7 by the U.S. Senate as assistant secretary for Land and Minerals Management at the U.S. Department of the Interior. Balash, then chief of staff to U.S. Sen. Dan Sullivan, R-Alaska, was named to the post by President Trump in July. In a statement on the confi....

  • First exports start from Yamal LNG project - 12/17/2017 (Login to read Full story) On Dec. 8 President Vladimir Putin officially triggered the start of liquefied natural gas exports from Novatek's new LNG facility at Sabetta on Russia's Yamal Peninsula in the Kara Sea. Product from the Yamal LNG project was loaded onto the Christophe de Margerie, the first of 15 ice-capable LNG ca....

  • Lowest ice on record for the Chukchi Sea - 12/17/2017 (Login to read Full story) November saw the lowest sea ice extent recorded for that month in the Chukchi Sea since satellite sea-ice observations began in 1979, the National Snow and Ice Data Center has reported. On the other hand, the Beaufort Sea had completely iced over by the end of the month, NSIDC said. The various fact....

  • AEA approves financing for Battle Creek - 12/17/2017 (Login to read Full story) The board of the Alaska Energy Authority has authorized the issue and sale of bonds for up to $47 million in financing for a project involving the diversion of some water from Battle Creek into Bradley Lake, to increase the power production capacity of the Bradley Lake powerhouse in the southern Ken....

  • Reiser named executive director of AEA - 12/17/2017 (Login to read Full story) The board of the Alaska Energy Authority has named Janet Reiser executive director, the authority said Dec. 7. In its press release AEA said she comes to the agency with more than three decades of Alaska experience in energy management, engineering, construction and telecommunications. AEA board Ch....

  • AIDEA approves funding for Fairbanks LNG storage - 12/17/2017 (Login to read Full story) The board of the Alaska Industrial Development and Export Authority has approved the use of up to $45.5 million in Sustainable Energy Transmission and Supply, or SETS, loans for the construction of a new 5.25 million gallon liquefied natural gas storage facility in Fairbanks. The facility is needed....

  • Oil Patch Bits: Fluor chosen for Vopak contract in South Africa - 12/17/2017 (Full story) Fluor Corp. announced Dec. 11 that it was awarded an engineering, procurement and construction management contract by Vopak Terminal Durban Ltd. to deliver the Vopak growth 4 project in Durban, South Africa. Fluor booked the undisclosed contract value in the fourth quarter of 2017. “This is one of V....

  • Incorrect name in Dec. 10 story - 12/17/2017 (Login to read Full story) A story about the Alaska Gasline Development Corp. in the Dec. 10 issue of Petroleum News incorrectly named the president of AGDC, who is Keith Meyer. Petroleum News apologizes for the error. ....

  • Leases on eastern side of NPR-A - 12/17/2017 (Login to read Full story) In a story in the Dec. 10 issue of Petroleum News on the Dec. 6 lease sales the location of leases held by ConocoPhillips Alaska and Anadarko was incorrectly described. The leases are on the eastern side of the National Petroleum Reserve-Alaska, not the western side. Petroleum News apologizes for th....

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  • 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

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