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The Explorers 2019

The Producers 2019

Arctic O&G
Directory March 2020
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.
  • Summer price doldrums - 08/02/2020 (Full story) Oil prices have been in the doldrums: a low $40s trading range for most of the summer. After a wild and crazy spring, Alaska North Slope crude and Brent prices crossed above the $40 line June 5. ANS crude led Brent for most of the period, stayed over $40, flirted with $45 several times, but never ma....

  • Exploration not forte, but … - 08/02/2020 (Login to read Full story) Hilcorp is best known for employing modern tools to increase output from mature oil and gas fields, giving fields past their prime the attention they need to continue producing at optimum levels. Hilcorp's modern exploration toolbox is seldom pulled off the shelf but with the company's strategy of h....

  • Wary mood in Canada - 08/02/2020 (Login to read Full story) Alberta Premier Jason Kenney is predicting that when the global economy rebounds from COVID-19 “we are going to see something of a supply shortage.” Two of his province's largest oil sands producers — Suncor Energy and Cenovus Energy — both believe the outlook is starting to improve, though most ups....

  • Oil Search reports strong second quarter; liquidity rises to $1.67B - 08/02/2020 (Login to read Full story) Oil Search released strong second quarter results on July 21, with operated oil production up 14% to 7.29 million barrels of oil equivalent since first quarter, at the highest level since the 2018 Papua New Guinea Highlands earthquake. Revenue was down 26% between the first and second quarters becau....

  • Chugach Electric files for power pool; condition of ML&P purchase - 08/02/2020 (Login to read Full story) Anchorage-based utility Chugach Electric Association has filed a tariff advice with the Regulatory Commission of Alaska, requesting commission approval of the formation of a tight power pool with Matanuska Electric Association. Often termed security constrained economic dispatch, the concept behind....

  • Armstrong North Fork 3D & Doyon well data to be released - 08/02/2020 (Full story) The Alaska Department of Natural Resources, Division of Oil and Gas published a notice July 28 announcing the upcoming release of exploration seismic and well information, specifically PGS Onshore's 2010 southern Kenia Peninsula North Fork 3D seismic survey and Doyon Ltd.'s Nenana basin Totchaket 1....

  • Cost of bad bets: Alberta savings pensions funds, ‘quarter from hell' - 08/02/2020 (Login to read Full story) It was launched in 1976 full of hope that Alberta would build a piggybank “to save for the future, strengthen or diversify our economy and improve the quality of life for Albertans.” Labelled as the Alberta Heritage Savings Trust Fund, AHSTF, it was designed to capture surplus oil and natural gas re....

  • Hilcorp plans drilling at Beaver Creek - 08/02/2020 (Login to read Full story) Hilcorp Alaska has current plans of development and operations submitted to the U.S. Bureau of Land Management for two small fields in the Kenai National Wildlife Refuge, one of which is in production, while the other hasn't produced since 1965. The producing field, Beaver Creek, averaged 108 barre....


  • ANS averaged 398,003 bpd in June, down 8% - 08/02/2020 (Login to read Full story) Alaska North Slope crude oil production took a steep dive in June. After starting the year averaging almost 515,000 barrels per day, the June average was below 400,000 bpd, the lowest level this year, although cumulative field data posted for the current month by the Alaska Department of Revenue sho....

  • REAP clarifies ERO governance position - 08/02/2020 (Login to read Full story) On July 22 Chris Rose, executive director of Renewable Energy Alaska Project, filed comments with the Regulatory Commission of Alaska, clarifying REAP's position on the governance of an electric reliability organization, or ERO. Rose wrote that a filing that he had made in June had been incorrectly....

  • Alaska-Mackenzie Rig Report - 08/02/2020 (Login to read Full story) Alaska-Mackenzie Rig Report - Available to subscribers.....

  • ANS averaged 398,003 bpd in June, down 8% - 08/02/2020 (Login to read Full story) Alaska North Slope crude oil production took a steep dive in June. After starting the year averaging almost 515,000 barrels per day, the June average was below 400,000 bpd, the lowest level this year, although cumulative field data posted for the current month by the Alaska Department of Revenue sho....

  • AOGCC rules against French on waste - 08/02/2020 (Login to read Full story) In a July 28 order the Alaska Oil and Gas Conservation Commission ruled against Hollis French, formerly the commission's chair, on a claim that waste occurred as a result of gas escaping when the DS02-03B well failed in April 2017. “Shortly after the failure, AOGCC determined the gas which escaped....

  • US rig count down by 2 more, now at 251 - 08/02/2020 (Login to read Full story) The number of active oil and gas drilling rigs in the U.S. continues to drop, with the Baker Hughes' weekly U.S. rig count for July 24 down two from the previous week to 251 and down 695 from 945 a year ago. Each week in the last 12 the count has set a new record for low number of rigs, 374 rigs on....

  • FERC denies AKLNG rehearing requests - 08/02/2020 (Login to read Full story) The Federal Energy Regulatory Commission has denied rehearing requests on the authorization it issued May 21 for the Alaska Gasline Development Corp. to construct the Alaska LNG project. FERC received requests for rehearing from the Matanuska-Susitna Borough and from the Center for Biological Diver....

  • Oil patch bits: C&R Pipe and Steel expands its equipment and inventory - 08/02/2020 (Login to read Full story) C & R Pipe and Steel in Fairbanks, Alaska, said recently that it has been working towards better serving the oilfield industry by expanding its inventory and obtaining high end equipment. The company said it has recently added a Messer MetalMaster 2.0 to its arsenal of equipment. The addition of th....

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  • Court confirms Furie's plan for Ch. 11 sale to Hex 06/12/2020
  • Restructured, renamed Hex nears closing date on Furie assets 06/04/2020
  • RCA approves Chugach Electric purchase of ML&P 05/29/2020
  • Hilcorp gets approval for Whiskey Gulch strat test plan 05/22/2020
  • Alaska Gasline Development receives FERC approval 05/21/2020

    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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