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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.
  • Placer resurrection - 01/19/2020 (Full story) The dispute between the Alaska Department of Natural Resources' Division of Oil and Gas and ASRC Exploration appears to be close to resolution, with permitting of the Placer unit moving forward. In mid-December AEX applied for a key Placer permit with the U.S. Army Corps of Engineers per a public no....

  • Arctic opportunities - 01/19/2020 (Login to read Full story) The Arctic will need significant outside capital to reach its vast potential, Mead Treadwell, CEO, Qilak LNG said in remarks to the Arctic Ambitions conference in Anchorage Jan. 9. “When analysts have looked at what is the investment potential in the Arctic, you take the number of projects that are....

  • Cleanup on grand scale - 01/19/2020 (Login to read Full story) The Alberta government hopes to untangle the most complicated feud between the energy industry and landowners no later than March 31 when Energy Minister Sonya Savage unveils “an entire suite of policies dealing with well licenses and liabilities” that will set a new course to clean up the mess crea....

  • Oil patch insider: ANWR leasing; XCD #8; unusual AGDC testimony; tax ballot & more - 01/19/2020 (Login to read Full story) The past week has produced several interesting news stories and blog flashes, including a Washington Post interview with Interior Secretary David Bernhardt explaining why his department has not yet finalized its record of decision to lease parts of the 1002 area of the Arctic National Wildlife Refug....

  • CEQ issues proposed rule to modernize NEPA regulations - 01/19/2020 (Full story) The Council on Environmental Quality has released a notice of proposed rulemaking to update its National Environmental Policy Act regulations. Public comments are being accepted through March 10. NEPA was signed into law in 1970 and CEQ's NEPA regulations were promulgated in 1978 and have not, CEQ....

  • Furie asset sale hearing delayed again, rolls two weeks to Jan. 27 - 01/19/2020 (Login to read Full story) Furie Operating Alaska LLC has rescheduled an omnibus hearing on its Chapter 11 bankruptcy case, originally set for Jan. 13, to Jan. 27 at 11:00 a.m. Eastern Time. The hearing, which includes the sale hearing on the sale of Furie's assets, was adjourned with permission of the court to the later date....

  • RCA extends confidentiality ruling time for BP-Hilcorp pipeline issues - 01/19/2020 (Login to read Full story) The Regulatory Commission of Alaska said in a Jan. 7 order that it is extending its time to rule on petitions for confidential treatment of filings by Harvest Alaska, Hilcorp Alaska and Harvest Midstream in applications for sale of pipelines by BP Pipelines (Alaska) to Harvest Alaska. Harvest Alaska....

  • Embracing net zero - 01/19/2020 (Login to read Full story) Unlike anything anyone could have imagined even 5 years ago, Canada's leading synthetic and conventional crude oil producers are scrambling on to a wagon destined for net-zero greenhouse gas emissions no later than 2050 — matching the Canadian government's own target. That means the Canadian industr....

  • Some ideas for the transmission network - 01/19/2020 (Login to read Full story) GDS Associates, having conducted a review of the issues relating to the management of the Alaska Railbelt electricity transmission grid, has suggested that oversight of the grid could be added to the responsibilities of the Railbelt Reliability Council, as an alternative to forming a separate organi....

  • DNR set to release Smith Bay well data - 01/19/2020 (Login to read Full story) The Alaska Department of Natural Resources, Division of Oil and Gas, said Jan. 13 that it would release Smith Bay well data within 30 days. Data relates to Caelus Energy Alaska Smith Bay LLC's CT 1 and CT 2 wells, both exploratory wells drilled in Smith Bay in 2016 and plugged and abandoned that sa....

  • Brent expected to average $65 in '20 - 01/19/2020 (Login to read Full story) Brent crude oil spot prices are expected to average $65 per barrel this year and $68 per barrel in 2021, the U.S. Energy Information Administration said in its January Short-Term Energy Outlook, released Jan. 14, the first outlook to include forecasts through 2021. “We expect Brent crude oil prices....

  • Court rules in favor of BLM, Conoco - 01/19/2020 (Login to read Full story) On Jan. 9 U.S. District Court Judge Sharon Gleason denied a legal challenge by the Native Village of Nuiqsut and five national environmental groups that claimed the Bureau of Land Management's environmental review of ConocoPhillips Alaska's 2018-2019 North Slope winter exploration plan and other ind....

  • ANS coastal areas open for tundra travel - 01/19/2020 (Login to read Full story) The Alaska Department of Natural Resources, Division of Mining, Land and Water, said Jan. 8 that the eastern and western coastal areas opened for the 2019-20 winter season effective 9 a.m. that day. The division said it has reviewed available data on snow cover and soil temperatures for North Slope....

  • State of Alaska posts new activity maps - 01/19/2020 (Full story) The latest North Slope and Cook Inlet oil and gas activity maps were posted on the Alaska Department of Natural Resources' Division of Oil and Gas website on Jan. 14 (see North Slope map in the print and pdf versions of this story). The Cook Inlet map highlights the following activities, with privat....

  • US drilling rig count drops by 15 to 781 - 01/19/2020 (Login to read Full story) The U.S. active drilling rig count dropped by 15 to 781 the week ending Jan. 10, down from 796 the previous week and down by 294 from 1,075 a year ago. The company reported that 659 rigs targeted oil (down 11 from the previous week; down 214 from a year ago) and 119 targeted natural gas (down four....

  • Oil patch bits: Calista Corp. acquires interest in Delta Constructors - 01/19/2020 (Login to read Full story) Calista Corp. said Jan. 6 that it has acquired a 25% interest in Delta Constructors, a leading oil and gas construction firm operating in Alaska, Canada and the Lower 48. Calista's minority, non-controlling stake in Delta Constructors is owned by Bektuq Holding LLC, a holding company for Calista su....

  • 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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