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Below are articles from this weeks's edition of Petroleum News. Subscribers must log in to view the complete articles. Subscribe now for full access.
  • Pikka on track - 01/25/2026 (Full story) Completion of the first phase of the Pikka oil field is on schedule with production start-up expected by the end of the first quarter, with the ramp-up to a plateau of 80,000 barrels per day anticipated in the second quarter, Santos executive Joe Balash told Petroleum News on Jan. 20. The Alaska Nor....

  • Kazakh halt ups ANS - 01/25/2026 (Login to read Full story) Alaska North Slope crude caught a lift Jan. 20, up 42 cents to close at $64.60 per barrel, in the first trading session after the Tengiz and Korolev oilfields in Kazakhstan were shut in Jan 18 due to power distribution issues. U.S. markets were closed Jan. 19 for a federal holiday. Operations at the....

  • New gas storage facility - 01/25/2026 (Login to read Full story) Anchorage based Enstar Natural Gas Co. plans to develop a new natural gas storage facility in the City of Kenai on the Kenai Peninsula using a depleted gas reservoir in the Kenai Loop gas field. The gas utility has filed a petition with the Regulatory Commission of Alaska, asking the commission to f....

  • Trans-Foreland applies to FERCfor LNG terminal modification - 01/25/2026 (Login to read Full story) On Jan. 9 Trans-Foreland Pipeline Co. filed an application with the Federal Energy Regulatory Commission for approval of modifications to the company's liquefied natural gas terminal at Nikiski on the Kenai Peninsula. The modifications are required to enable the terminal to import liquefied natural....

  • Crude forecast down in FY 2026, up in FY '27 with Pikka volumes - 01/25/2026 (Login to read Full story) The Alaska Department of Revenue's fall forecast, released in December, is projecting an increase in North Slope production, up to more than 500,000 barrels per day in fiscal year 2027, as Pikka volumes -- expected to begin showing up in FY '26 -- are felt for the entire 2027 fiscal year, which begi....

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  • Baker Hughes US rig count down 1 at 543 - 01/25/2026 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count was 543 on Jan. 16, down one from the previous week and down 37 from 580 a year ago. The domestic rig count has ranged from the 530s through the 550s since the beginning of June. For 2025, the count peaked Feb. 28 (and again March 21) at 593, hitting its....

  • Hilcorp to replace piles at Prudhoe Bay - 01/25/2026 (Login to read Full story) Prudhoe Bay unit operator Hilcorp Alaska has received approval from the Alaska Department of Natural Resources' Division of Oil and Gas for pipe rack pile replacements at the field. A Dec. 29 approval is for replacement of 12 piles along the existing Drill Site 6 to Flow Station 1 pipe rack at Prud....

  • Division OKs North Fork contraction delay - 01/25/2026 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved a request from Hilcorp Alaska to delay the contraction of the North Fork unit. Hilcorp took over as North Fork working interest owner and operator in May 2025. There are five state oil and gas leases in the unit, some 2....

  • ANWR lease sale lawsuits reactivation? - 01/25/2026 (Login to read Full story) Several environmental organizations and the Gwich'in Steering Committee have asked the federal District Court in Alaska to re-activate three lawsuits challenging the legality of holding oil and gas lease sales for the 1.56-million-acre Coastal Plain of the Arctic National Wildlife Refuge. ....

  • Hilcorp plans Kenai Peninsula unit work - 01/25/2026 (Login to read Full story) Hilcorp Alaska has approval from the Alaska Department of Natural Resources' Division of Oil and Gas to drill two new wells at the Kalotsa Pad at its Ninilchik unit on the Kenai Peninsula. Ninilchik is one of Cook Inlet's most prolific natural gas producers, but production has been declining. In add....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242
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