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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.
  • Starfish success - 06/17/2018 (Full story) Glacier Oil and Gas Corp. has successfully found oil with its Starfish exploration well at Badami on the North Slope, Carl Giesler, Glacier CEO, told Petroleum News in a June 7 email. The well, referred to as the B1-07 well, has gone into production through the processing facilities at the Badami fi....

  • Purchase is confirmed - 06/17/2018 (Full story) On June 12 the board of the Interior Gas Utility voted to agree on final terms for the purchase of Pentex Natural Gas Co. from the Alaska Industrial Development and Export Authority, thus enabling completion the Pentex purchase. IGU can now combine with Pentex subsidiary Fairbanks Natural Gas to for....

  • Tanker ban angers Alberta - 06/17/2018 (Full story) Lost amid haggling over the Trans Mountain expansion project, the Canadian government has infuriated Alberta by advancing legislation that will impose a moratorium on shipments of condensate, bitumen and upgraded bitumen exceeding about 90,000 barrels through an area from the northern tip of Vancouv....

  • Southcentral power pool makes progress addressing complexities - 06/17/2018 (Login to read Full story) The three Southcentral Alaska electric utilities, Chugach Electric Association, Municipal Light & Power and Matanuska Electric Association, are making progress towards implementing the economic dispatch of generation capabilities across their service areas, utility officials told the Regulatory Comm....

  • Alaska in Repsol's strategic plan - 06/17/2018 (Login to read Full story) Spanish major, Repsol, in a 2018 to 2020 update to its strategic plan, makes mention of the company's opportunities in Alaska. The plan update references Alaska as one of five areas worldwide earmarked for development projects. The five areas have a combined breakeven oil price, the price at which d....

  • Data from 22 Slope wells to be released, including Tinmiaq 2, 6 - 06/17/2018 (Login to read Full story) The latest public release of exploration data by Alaska's Division of Oil and Gas will consist of data from 22 North Slope wells, including ConocoPhillips' Tinmiaq 2 and Tinmiaq 6 wells, drilled in 2016 in the Greater Mooses Tooth unit and forming the basis of the company's subsequent announcement o....

  • Flipping pipeline is not easy; Canadian govt faces unknowns - 06/17/2018 (Login to read Full story) The Canadian government is about to get a harsh lesson in the ownership of Kinder Morgan's existing pipeline from Alberta to the British Columbia coast and the challenges it faces in bringing expansion of that system to completion. So far the government has put C$4.5 billion on the table to acquire....

  • US DOE announces marine energy grants - 06/17/2018 (Login to read Full story) On June 8 the U.S. Department of Energy announced that it is awarding grants to six projects for generating electricity from moving water, including two Alaska projects researching energy production from the water flow in rivers. The agency is awarding $2.3 million to the Igiugig Village Council and....

  • GAO wants better BLM well oversight - 06/17/2018 (Login to read Full story) A Government Accountability Office report has recommended that the Bureau of Land Management needs to improve the oversight of its potential liabilities with respect to abandoned oil and gas wells on federal land. The report says that BLM's liabilities are probably increasing and makes recommendatio....

  • Support group for Alaska LNG project forms - 06/17/2018 (Login to read Full story) The Alaska Gasline Development Corp. said June 7 that Alaska organizations from around the state have formed the Alaska Gasline Coalition to support AGDC's Alaska LNG project. Members include: Alaska AFL-CIO, Alaska Laborers, Anchorage Economic Development Corp., Arctic Slope Regional Corp., Calist....


  • May Brent $77, highest since November 2014 - 06/17/2018 (Login to read Full story) The U.S. Energy Information Administration said June 12 in its Short-Term Energy Outlook that Brent crude oil averaged $77 per barrel in May, up $5 per barrel from April, and the highest monthly average since November 2014. “The forecast for Brent crude oil is for spot prices to remain above $70 pe....

  • Hilcorp the operator - 06/17/2018 (Login to read Full story) In the production story in the June 10 issue, Hilcorp was twice incorrectly identified as “Hilcrest”; Petroleum News apologizes for the error. Hilcorp is the operator of a majority of fields in Cook Inlet, including the McArthur River and Middle Ground Shoal fields, where the naming error occurred i....

  • BP presents its 2017 Statistical Review - 06/17/2018 (Login to read Full story) BP's 2017 Statistical Review was released June 13, with Spencer Dale, BP group chief economist, providing an overview from London. Growth in overall energy demand was up in 2017 over 2016, he said, along with an increase in coal consumption — the first in four years. And carbon emissions were up af....

  • Interior approves $4 million for ANWR - 06/17/2018 (Login to read Full story) On June 7 Interior Secretary Ryan Zinke announced $50 million in funding for the rebuilding of critical U.S. Fish and Wildlife Service infrastructure, including $4 million for the Arctic National Wildlife Refuge. The ANWR funding is characterized as targeting improvements to existing facilities and....

  • State sued over changes in tax collection - 06/17/2018 (Login to read Full story) Exxon Mobil Corp., Hilcorp Alaska LLC and SAExploration Inc. have filed suit against the Alaska Department of Revenue seeking judgment based on DOR's Advisory Bulletin 2017-01 which, plaintiffs said, “re-interprets Alaska's tax code and regulations to increase the tax burden on taxpayers by approxim....

  • Oooguruk drilling suspension to continue - 06/17/2018 (Login to read Full story) Caelus Natural Resources Alaska LLC is once again planning for a year without any drilling activity at its Oooguruk unit and is also planning a decline in workover activities. And the company has again pushed back the estimated launch of its Nuna development. The local subsidiary of the Texas-based....

  • Documentary featuring history of ASRC wins Emmy Award - 06/17/2018 (Login to read Full story) Arctic Slope Regional Corp. said it is pleased to have won an Emmy Award from the Northwest Chapter of the National Academy of Television Arts & Sciences for its long-format documentary “True North, the Story of ASRC.” The 55th annual award ceremony was held June 9 in Seattle, Washington. The corpor....

  • Corps of Engineers to wrap up Dakota Access pipeline work soon - 06/17/2018 (Login to read Full story) The U.S. Army Corps of Engineers within the next two months expects to wrap up an environmental study of the Dakota Access oil pipeline after recently meeting with four American Indian tribes battling the pipeline in court. The tribe leading the lawsuit still feels it hasn't had a meaningful role i....

  • National rig count rises by 2 to 1,062 - 06/17/2018 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. increased by two the week ending June 8 to 1,062. At this time a year ago there were 927 active rigs. Houston oilfield services company Baker Hughes reported that 862 rigs drilled for oil (up one from the previous week) and 198 for ga....

  • 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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