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Continuous improvement
- 04/20/2025 (Full story)
After holding its 2025 annual general meeting on April 10, Santos Ltd. announced that the 120-mile pipeline for its North Slope Pikka project is now substantially complete -- one year early -- with minor tie-in and punch-list work remaining.
This creates the possibility for early startup of the pro....
ANS at lower altitude
- 04/20/2025 (Login to read Full story)
Alaska North Slope crude jumped $1.19 April 16 to close at $68.65 per barrel, while West Texas Intermediate jumped $1.14 to close at $62.47 and Brent jumped $1.18 to close at $65.85.
Prices rose on supply disruption concerns following new U.S. sanctions on Iran's oil exports.
(See chart in the onli....
AGDC faces questions from House Resources on Glenfarne selection - 04/20/2025 (Login to read Full story)
The Alaska Gasline Development Corp. got a lot of questions on April 9 when it presented an update to the House Resources Committee. There didn't appear to be opposition to the project, but rather a desire to understand where the project is and how it got there.
On the agenda were AGDC's agreement....
EIA forecasts lower oil demand, lower Brent prices in 2025, '26 - 04/20/2025 (Login to read Full story)
The U.S. Energy Information Administration's April Short-Term Energy Outlook, issued April 10, is forecasting lower oil demand growth and a drop in the Brent spot price to an average of $68 per barrel this year, down 8.6% from a March forecast of $74, and down 10.2% for 2026, from a March forecast o.... |
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State accepts, denies, rental reductions based on work done
- 04/20/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved one request for lease rental reduction and denied another.
Both decisions were signed by Derek Nottingham, division director; both are dated April 11.
A request from Oil Search (Alaska) for rental reduction on two lea....
Baker Hughes US rig count down 7 at 583 - 04/20/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 583 on April 11, down by seven from the previous week, the steepest week-over-week drop since late June of last year, down by 34 from 617 a year ago and down by 11 from two weeks ago. Over the last eight weeks the rig count was down in four weeks,....
This month in history: Kerr-McGee presents Nikaitchuq master plan
- 04/20/2025 (Login to read Full story)
Editor's note: This story first appeared in the April 10, 2005, issue of Petroleum News.
Although it has not made a formal development announcement yet, on March 31, 2005, Kerr-McGee and partner Armstrong Alaska presented their proposed "master plan" for development of their Nikaitchuq explo-ration....
Oil patch bits: Alaska Materials and US Mat Systems enter into agreement - 04/20/2025 (Login to read Full story)
John Horjes, president of Alaska Materials, announced April 13 that the company has entered into a definitive agreement with US Mat Systems.
The agreement includes "exclusive rights" to all US Mat Systems rig mats and production for Alaska.
US Mat Systems specializes in the manufacture of quality r.... |
