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ANS rally falters - 09/29/2024 (Full story)
Alaska North Slope crude diverted from an oil rally sparked by government stimulus announced the day prior for the struggling Chinese economy, plunging $1.74 Sept. 25 to close at $74.46. West Texas Intermediate plunged $1.87 to close at $69.69 and Brent plunged $1.71 to close at $73.46.
On Sept. 24,....
Federal grants approved
- 09/29/2024 (Login to read Full story)
During its Sept. 10 meeting the board of the Alaska Energy Authority approved the acceptance of two federal grant awards, one for a major upgrade to the Alaska Railbelt electricity transmission system and the other for implementing community and residential solar energy programs. Approval of the awa....
Three more CRU wells
- 09/29/2024 (Login to read Full story)
On Sept. 17, ConocoPhillips Alaska Inc., or CPAI, told the Alaska Department of Natural Resources' Division of Oil and Gas that it is going to drill three additional wells in the Colville River Unit, or CRU, this coming winter. The notification was sent to Division Director Derek Nottingham.
CPAI's....
Oil patch insider: Delegation, Inupiat oppose BLM's special areas process; Furie gets IHAs - 09/29/2024 (Login to read Full story)
U.S. Senators Lisa Murkowski and Dan Sullivan (both R-AK) and Representative Mary Sattler Peltola (D-AK) reiterated their opposition to Interior's Bureau of Land Management's latest efforts to further restrict resource development across the National Petroleum Reserve-Alaska. In a letter sent Sept.....
Interior appeals a court ruling over lower Cook Inlet lease sale
- 09/29/2024 (Login to read Full story)
The U.S. Department of the Interior has appealed to the U.S. Court of Appeals for the 9th Circuit a July order by the federal District Court in Alaska, requiring a rework of the environmental impact statement for the Bureau of Ocean Energy Management's December 2022 oil and gas lease sale in the fed....
Milne Point Schrader Bluff PA expansion filing date extended
- 09/29/2024 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has granted a request from Hilcorp Alaska to extend the filing date for expansion of the Schrader Bluff participating area at the company's North Slope Milne Point unit.
The company's Sept. 5 request for the extension -- of a deadl.... |
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This month in history: 21st Point Thomson plan in to state - 09/29/2024 (Login to read Full story)
Editor's note: This story first appeared in the Sept. 26, 2004, issue of Petroleum News.
The Point Thomson unit owners will share results of evaluation of all potential hydrocarbon resources with the state of Alaska during the unit's 2004-05 plan year, but the unit's 21st development and operation p....
Doyon subsidiary to buy into Kuparuk line
- 09/29/2024 (Login to read Full story)
The Regulatory Commission of Alaska said Sept. 19 that Kuparuk Pipeline Co. and North Alaska Pipeline LLC filed a joint application Sept. 17 to transfer 21.056% of KPC's ownership in the Kuparuk Transportation Co. to NAP. KTC holds the certificate of public convenience and necessity for the line whi....
August jobs in state up year over year - 09/29/2024 (Login to read Full story)
Alaska nonfarm employment in August averaged 355,300, up 1.8%, 6,400, from August 2023, the Alaska Department of Labor and Workforce Development said Sept. 20. Private sector jobs averaged 279,700, up 5,700, 2.1%, from August 2023, while government jobs averaged 75,600, up 700, 0.9%.
"Federally fun....
Baker Hughes US rig count down 2 to 588 - 09/29/2024 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 588 the week ending Sept. 20, down by two rigs from 590 the previous week, and down by 42 from 630 a year ago, after gaining eight the previous week. Over the last eight weeks the rig count was down in six and up in two with a loss of 11 against a....
Arctic sea ice minimum for 2024 reached - 09/29/2024 (Login to read Full story)
The National Snow and Ice Data Center has reported that on Sept. 11 the Arctic sea ice likely reached its minimum extent for this year. The ice extent of 1.65 million square miles was the seventh lowest over the nearly 46 years that satellite records of the sea ice coverage have been obtained -- the....
AOGCC fines Hilcorp for missed well test
- 09/29/2024 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission has fined Hilcorp Alaska $50,000 for a missed test on the D-41 injection well in the McArthur River field at the company's Trading Bay unit in Cook Inlet.
A temperature survey was required every two years at the D-41, a schedule established in 2016 whe.... |
