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ANS leaps above $80
- 01/19/2025 (Full story)
Alaska North Slope crude took a leap of $2.08 Jan. 15 to surpass $80 -- closing at $80.42 per barrel. West Texas Intermediate vaulted $2.54 to close at $80.04 and Brent leapt $2.11 to close at $82.03.
Crude was boosted by the U.S. Consumer Price Index report released Jan. 14 which showed that price....
ANWR lease sale lawsuit
- 01/19/2025 (Login to read Full story)
On Jan. 6 the state of Alaska filed a lawsuit in the federal District Court in Alaska challenging the U.S. Department of Interior's actions relating to the holding of lease sales in the Arctic National Wildlife Refuge. The state claims, among other things, that in the conduct and findings of the spe....
Crude down, gas up
- 01/19/2025 (Login to read Full story)
The U.S. Energy Information Administration's Short-Term Energy Outlook for January, released Jan. 14, is the first short-term forecast to include 2026, and that forecast sees the Brent crude oil spot price decreasing, from an average of $81 per barrel in 2024 to $74 in 2025 and $66 in 2026. The reve....
AGDC framework agreement for Alaska LNG project with Glenfarne
- 01/19/2025 (Login to read Full story)
Alaska Gasline Development Corp. President Frank Richards said at Gov. Mike Dunleavy's Jan. 6 press conference that "AGDC has reached an exclusive framework agreement with a qualified energy company to privately lead and fund the development of the Alaska LNG project."
The governor touted progress....
North Slope LNG plant work is progressing with startup in April
- 01/19/2025 (Login to read Full story)
Work on the construction of a new liquefied natural gas plant on the North Slope is progressing, Harvest Alaska LLC told the board of Interior Gas Utility on Jan. 7. Commissioning of the facility is now expected in late February and early March, with startup of the plant in April. Harvest had previo....
Final finding for 2025 Augustine Island geothermal lease sale - 01/19/2025 (Login to read Full story)
On Jan. 10, Alaska's Oil and Gas Division director, Derek Nottingham, issued the final written finding for the 2025. Augustine Island Competitive Geothermal Lease Sale Disposal.
The division is part of the Department of Natural Resources, or DNR.
State law requires that, before approving a sale area....
Fairbanks air quality plan approval - 01/19/2025 (Login to read Full story)
The Environmental Protection Agency has announced that it proposes to approve Alaska's latest plan for addressing air pollution problems in the Fairbanks-North Star Borough. The agency is going to open a 30-day public comment period on its proposed rulemaking, with a view to finalizing federal actio.... |
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No substantial new info for 2 2025 sales - 01/19/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas said Jan. 10 that it received no substantial new information in response to a call for new information for the 2025 Cook Inlet and Alaska Peninsula areawide lease sales. Areawide best interest findings are required every 10 years an....
State sees jobs increasing by 5,300 in '25
- 01/19/2025 (Login to read Full story)
Jobs in Alaska are projected to increase in 2025, the Alaska Department of Labor and Workforce Development said in its January edition of Alaska Economic Trends, with 1.6% growth, 5,300 jobs, forecast for the year.
Economist Karinne Wiebold, author of the article on statewide trends, said the expec....
Baker Hughes US rig down by 5 at 584 - 01/19/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 584 on Jan. 10, down by five from the previous week, down by 35 from 619 a year ago and down five from two weeks ago. Over the last eight weeks the rig count was unchanged in four weeks, down in three and up in one week with a loss of eight and a....
This month in history: Alaska governor raises oil taxes - 01/19/2025 (Login to read Full story)
Editor's note: This story first appeared in the Jan. 16, 2005, issue of Petroleum News.The Alaska Support Industry Alliance, whose membership consists of oil and gas contractors and suppliers, was still in shock the morning after Alaska Gov. Frank Murkowski's Jan. 12 state of the state address to th....
Oil patch bits: Coffman welcomes Ben Momblow as new Anchorage GM - 01/19/2025 (Login to read Full story)
Coffman Engineers Inc., a multidiscipline consulting engineering firm, said Jan. 10 that it is pleased to announce the appointment of a new general manager, Ben Momblow, PE, in their Anchor....
Oil patch bits: Colville Inc. announces new CEO and CFO - 01/19/2025 (Login to read Full story)
Colville Inc. announced recently that effective Jan. 1, Colville's current president, Jason Reeves, was promoted to CEO. In his new role, Reeves will oversee all aspects of the organization and its subsidiaries, continuing to drive the company's mission forward with leadership, vision, and innovatio.... |
