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  • OPEC agrees to oil cut - 12/04/2016 (Full story) The Organization of the Petroleum Exporting Countries has agreed on a cut in oil production, a move that rapidly sent the price of oil above $50 per barrel. The new agreement, hammered out between the OPEC member countries during an OPEC meeting in Vienna on Nov. 30, sets a new production ceiling of....

  • Credits still a worry - 12/04/2016 (Full story) Petroleum tax issues are sure to be front and center again in the 2017 legislative session, legislators are saying. It's mostly to deal with issues left unresolved in a major revamp of the tax law passed last year in House Bill 247. Gov. Bill Walker, however, may want to use his political capital ne....

  • Trudeau, Notley battle odds - 12/04/2016 (Full story) Canada's Prime Minister Justin Trudeau and Alberta Premier Rachel Notley formed an alliance Nov. 29 to achieve what many view as irreconcilable objectives — striking a balance between expanding markets for crude from the Alberta oil sands and curbing greenhouse gas emissions. The Trudeau government....

  • Feds, Furie Operating, awaiting Jones Act settlement approval - 12/04/2016 (Login to read Full story) A federal judge has extended the deadlines in a scheduled trial between Furie Operating Alaska LLC and the federal government, as the two sides finalize a settlement in the case of a $15 million fine levied against the company for violating the federal Jones Act. Judge John W. Sedwick of the U.S. D....

  • BlueCrest requests loan changes, cites rig, credit payment delays - 12/04/2016 (Login to read Full story) BlueCrest Energy Inc. has requested changes to the terms of financing that the company has obtained from the Alaska Industrial Development and Export Authority for the acquisition and set up of the drilling rig for the continuing development of the Cosmopolitan oil field, offshore the southern Kenai....

  • Corps lists Nanushuk EIS alternatives - 12/04/2016 (Login to read Full story) The U.S. Army Corps of Engineers has put out a newsletter listing the alternatives to be considered in an environmental impact statement for the Nanushuk project. The Corps said it expects to release a draft EIS for the project in mid-2017. Five alternatives will be considered and the draft EIS will....

  • BOEM seeks environmental studies ideas - 12/04/2016 (Login to read Full story) The federal Bureau of Ocean Energy Management is inviting the submission of ideas for future studies into the potential environmental impacts of the development of oil, natural gas, renewable energy and marine mineral resources on the U.S. outer continental shelf. The agency anticipates using sugges....

  • DNR releasing well and seismic data - 12/04/2016 (Login to read Full story) The Alaska Department of Natural Resources has been continuing to release seismic and well data obtained from companies that have been exploring for oil and gas in the state. In October the agency noticed its intent to release the data for two seismic surveys and 13 wells, with a notice of intent to....

  • Seaton: Prepping for new House role - 12/04/2016 (Login to read Full story) For 14 years, House Rep. Paul Seaton's view of resource development came while sitting on the House Resources Committee, including two as co-chair. Now the Homer Republican will see things as a House Finance co-chair with fellow rural lawmaker Neal Foster, a Nome Democrat. The two are part of a newl....

  • EPA increases renewable fuel volumes - 12/04/2016 (Login to read Full story) The Environmental Protection Agency has published a final rule setting target volumes for the use of renewable liquid fuels in the transportation sector in the United States in 2017. Overall consumption of renewable fuels is set to increase from 18.11 billion gallons in 2016 to 19.28 billion gallons....

  • State taking comments on Putu well - 12/04/2016 (Login to read Full story) The state is taking comments on the proposed Putu exploration program. ConocoPhillips Alaska Inc. plans to drill the Putu No. 1 well and Putu No. 1A sidetrack across two Kuukpik Corp. leases south of the current Colville River unit boundaries. The state Department of Natural Resources is taking co....

  • Canada faces generational test - 12/04/2016 (Login to read Full story) Modest is the operative word for the turnaround forecast by Canada's upstream oil and natural industry in 2017, with the shaky optimism fueled by gains in investment and jobs despite the squeeze in government fiscal and regulatory policies. The Canadian Association of Oilwell Drilling Contractors i....

  • DOE announces funding for CO2 storage studies - 12/04/2016 (Login to read Full story) The U.S. Department of Energy Office of Fossil Energy has announced $44 million in funding for 16 cost-share carbon dioxide storage research and development projects. The idea of carbon dioxide storage, referred to as carbon sequestration and storage, or CCS, is to address global warming by sequeste....

  • State adds gas to Milne Point Pipeline - 12/04/2016 (Login to read Full story) State regulators are allowing Milne Point Pipeline LLC to convert the Milne Point Product Pipeline into a common carrier gas pipeline, as well as natural gas liquids. The Hilcorp Alaska LLC transportation subsidiary requested the amendment to its certification earlier this year in an application to....

  • Alaska Oil and Gas Conservation Commission: November 2016 - 12/04/2016 (Login to read Full story) •On Nov. 7, the Alaska Oil and Gas Conservation Commission issued a supplemental notice clarifying the origin and costs of a proposed regulatory change for hydraulic fracturing. Cook Inletkeeper Executive Director Bob Shavelson requested a change in the regulations requiring a public hearing anytime....

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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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