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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. |
Exploring east
- 09/24/2023 (Full story)
Consistent with its Alaska strategy to focus on the Pikka development west of the central North Slope, Santos said Sept. 19 that it will "farm-down" half of its working interest in 148 state of Alaska exploration leases on the eastern North Slope in an agreement with APA Corp.'s and Armstrong Oil &....
ANS into upper $90s
- 09/24/2023 (Login to read Full story)
Alaska North Slope crude maintained its position in the upper $90s Sept. 20, even in the face of hawkish comments from the U.S. Federal Reserve that sent financial markets and key commodities into a downdraft.
ANS dropped $1.10 on the day to close at $95.53, while West Texas intermediate slid 92 cen....
Santos investors visit
- 09/24/2023 (Full story)
In an "Alaska Investor Visit" from Sept. 17 through Sept. 19 that included a Pikka project site tour, 11 individuals representing major Australian shareholders and equity analysts made the trip. Officials from Santos and its local operating subsidiary Oil Search (Alaska) provided the visitors with a....
Hilcorp files lease plan, private easements at former MGS unit - 09/24/2023 (Login to read Full story)
Hilcorp Alaska is in the process of determining if a known gas accumulation in Cook Inlet north of the Baker platform at the former Middle Ground Shoal unit is commercial and obtaining easements on existing platforms and pipelines to allow existing facilities to be used to host wind, solar or CCUS (....
Harvest has started construction of North Slope LNG plant for IGU
- 09/24/2023 (Login to read Full story)
The construction of a liquefied natural gas plant on the North Slope is progressing to schedule, executives from Harvest Midstream told the board of the Interior Gas Utility on Sept. 12. The plant is expected to be operational by the end of 2024.
In January of this year IGU, the gas utility for the....
US rotary drilling rig count jumps 9 to 641
- 09/24/2023 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count saw a second week of increases for the week ending Sept. 15, up by nine rigs to 641, just the second consecutive increase in the count since July 7, following a downward trend dominant since the beginning of May and eight consecutive weeks of declines....
AOGCC approves Granite Point gas pool
- 09/24/2023 (Login to read Full story)
The Granite Point unit primarily produces oil, and two Granite Point oil pools have been defined by the Alaska Oil and Gas Conservation Commission in pool rules, the Granite Point Middle Kenai Oil Pool and the Granite Point Hemlock Oil Pool.
There is also natural gas production and in March operato....
This month in history: MMS Beaufort lease sale draws $10 million
- 09/24/2023 (Login to read Full story)
Editor's note: This story first appeared in the Sept. 28, 2003, issue of Petroleum News.
Three companies bid more than $10 million at the U.S. Minerals Management Service's Sept. 24, 2003, Beaufort Sea sale, with a known field in the central Beaufort and a wildcat area north of the National Petrole....
Sidebar: 20 years ago: Sandpiper prospect a big draw - 09/24/2023 (Login to read Full story)
The old Sandpiper prospect, where two wells were drilled in the mid-1980s, was the biggest dollar draw at the Sept. 24, 2003, Minerals Management Service Beaufort Sea lease sale, attracting winning bids of $4 million from ConocoPhillips Alaska, as well as $1.27 million from Armstrong Alaska, in the....
Hilcorp requests waiver for propane use - 09/24/2023 (Login to read Full story)
Hilcorp North Slope, the Prudhoe Bay operator, has applied to the Alaska Oil and Gas Conservation Commission for an exemption to an AOGCC regulation which requires hydrocarbons leaving a unit to go through a sales meter.
In its application the company said it is requesting a waiver for a regulatory....
Oil patch bits: Acuren Acquires Alloyweld Inspection - 09/24/2023 (Login to read Full story)
As reported by Acuren News Sept. 14, Acuren, the industry leader in nondestructive testing, inspection, engineering and rope access integrated services, has acquired Alloyweld Inspection.
This acquisition brings Alloyweld's 55 years of nondestructive testing experience and team of experts into the....
Oil patch bits: Coffman finalizes asset purchase agreement - 09/24/2023 (Login to read Full story)
As reported by Coffman News Sept. 12, Coffman Engineers Inc. said that it has finalized an asset purchase agreement with acoustical consulting firm BRC Acoustics & Audiovisual Design Inc. Coffman welcomes BRC's president and five staff members to the company. Representatives from both firms finalize....
Arctic Directory Sept 2023: Environment, Society, Governance: From noble concept to political hammer - 09/24/2023 (Login to read Full story)
It is no surprise to businesses in Alaska's resource development space that project financing is harder than ever to secure. Banks and lending institutions have become resistant to resource development investments in "the Arctic" generally, but also to oil and gas investments in Alaska specifically....
Arctic Directory Sept 2023: Sidebar: About Corri Feige's column - 09/24/2023 (Login to read Full story)
About Corri Feige's column
Former Alaska Department of Natural Resources Commissioner Corri Feige is writing a series of columns for Petroleum News titled "ESG in Alaska's DNA." They will cover: 1) educating on ESG broadly; 2) looking at how ESG in Alaska is tied to our constitution, regulatory fram....
Arctic Directory Sept 2023: It is time to tell businesspeople and financial institutions outside the state that in Alaska real ESG values are a way of life - 09/24/2023 (Login to read Full story)
You can't open a major newspaper these days without seeing at least one story on Environment, Social and Governance investing or on ESG reporting trends.
In 2022, the large ESG investment funds like BlackRock's and Vanguard's posted significant losses, especially when compared to the S&P Energy Inde....
Arctic Directory Sept 2023: ESG in Alaska's DNA -- it's our money - 09/24/2023 (Login to read Full story)
For the past several months, it would seem that the fervor over ESG (environment, social and governance) investing practices has died down considerably from where it was in 2022. And while Alaska has certainly not changed its approach to being the global "gold standard" for environmentally and socia....
Arctic Directory Sept 2023: : ESG in Alaska's DNA -- investors wise up? - 09/24/2023 (Login to read Full story)
Summer, or some soggy, cool semblance of what we usually call summer, is upon us and Alaskans are eagerly watching the fruits of early gardening labor come to bloom -- and fighting the constant battle of keeping the weeds from choking the life out of the beauty.
Last week, as I was debating if chick....
Arctic Directory Sept 2023: GCI fiber in three more Aleutian schools, clinics - 09/24/2023 (Login to read Full story)
GCI said July 21 that its crews have successfully launched fiber-optic connectivity for the schools and clinics in King Cove, Sand Point and Akutan. This marks a major milestone in the company's AU-Aleutians fiber project, which will connect a dozen Aleutian, Alaska Peninsula and Kodiak Island commu....
Arctic Directory Sept 2023: Airgas strategically adds argon storage capacity - 09/24/2023 (Login to read Full story)
Airgas, an Air Liquide company, said recently that it has installed two strategically located argon storage nodes to further strengthen the argon supply chain for its customers, who use argon in automotive and aeronautical, electronic, manufacturing and metal fabrication applications.
The argon node....
Arctic Directory Sept 2023: Two national safety awards for Alaska West Express - 09/24/2023 (Login to read Full story)
As reported by Lynden News July 25, Alaska West Express received two awards from the American Trucking Association at their spring Safety, Security and Human Resources conference in Minneapolis. The awards recognize the employees of Alaska West Express for their commitment to safely and professional....
Arctic Directory Sept 2023: Coffman Engineers awarded Atigun Award for Teamwork - 09/24/2023 (Login to read Full story)
Coffman Engineers Inc. said July 17 that it congratulates the Anchorage civil and corrosion control engineering groups for being a part of the team that received Alyeska Pipeline Service's Atigun Award for Teamwork.
Coffman played an integral role on the team that earned the award for their role in....
Arctic Directory Sept 2023: Alaska Marine Lines introduces new Seattle rail dock - 09/24/2023 (Login to read Full story)
As reported by Lynden News July 5, Alaska Marine Lines has launched a new rail service dock in Seattle to accommodate seafood shipments from Alaska to Lower 48 destinations in response to the growing demand for service from Alaska pollock producers. Much of the pollock was previously routed on vesse.... |
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Arctic Directory Sept 2023: Kris Miller promoted to president of MSI Communications - 09/24/2023 (Login to read Full story)
MSI Communications said June 22 that it is proud to announce the promotion of Kris Miller to president of the agency. Miller has been with MSI for over a decade and most recently served on the executive team as vice president of client services. There, she has been instrumental in the growth and suc....
Arctic Directory Sept 2023: AML donates freight for U.S. Hunger project in Hawaii - 09/24/2023 (Login to read Full story)
As reported by Lynden News June 23, earlier this year, 100,000 red jambalaya meals were packaged for families fighting food insecurity in Maui. Aloha Marine Lines donated transportation of a 20-foot container from Seattle to Maui filled with dry groceries and packaging materials for the meal-prepara....
Arctic Directory Sept 2023: ABR welcomes Jojo Baldus and Isabel Eaton to its team - 09/24/2023 (Login to read Full story)
ABR Inc. said June 12 that it is pleased to announce the addition of Jojo Baldus and Isabel Eaton to its team.
Baldus is joining ABR's fisheries and aquatic ecology program. He has an array of field and lab research experience in aquatic ecology and the earth sciences. Most recently, he has led exte....
Arctic Directory Sept 2023: Airgas announces dry ice production system upgrade - 09/24/2023 (Login to read Full story)
Airgas, an Air Liquide company, said June 22 that it has recently completed installation of its new dry ice production equipment, replacing its nearly 60-year-old system.
The new equipment is state-of-the-art and will more than double production capacity to nearly 20,000 pounds per day. It also allo....
Arctic Directory Sept 2023: Spence Carter joins Coffman Engineers - 09/24/2023 (Login to read Full story)
Coffman Engineers Inc. said June 15 that it is pleased to welcome Spence Carter to its fire protection team.
Carter has 10 years of experience as a fire protection engineer in the oil and gas and nuclear industries. He is a licensed professional engineer in fire protection in Idaho and earned his B.....
Arctic Directory Sept 2023: BR Inc. welcomes Zach Huff to its team - 09/24/2023 (Login to read Full story)
ABR Inc. said June 12 that it is thrilled to welcome Zach Huff to its team.
Huff brings more than 10 years of experience as an environmental specialist, focusing on environmental permitting and impact assessments under NEPA. He earned his B.S. in civil engineering from the University of Alaska Ancho....
Arctic Directory Sept 2023: Lynden delivers affordable housing to North Slope - 09/24/2023 (Login to read Full story)
As reported by Lynden News June 6, Lynden Oilfield Services wrapped up its 2023 season with record performance from the PistenBully Deadhorse team. "We have moved cargo for oil and gas projects and North Slope villages as far away as Point Lay this year which is 990 tundra trail miles roundtrip from....
Arctic Directory Sept 2023: ASTAC goes unlimited - 09/24/2023 (Login to read Full story)
Arctic Slope Telephone Association Cooperative Inc., the North Slope provider of choice, said May 30 that it is proud to announce the launch of its groundbreaking unlimited internet to their membership, ushering in a new era of limitless connectivity. Additionally, ASTAC is lowering plan rates and r....
Arctic Directory Sept 2023: Doyon Ltd. announces new VP of lands - 09/24/2023 (Login to read Full story)
Doyon Ltd. said May 22 that it is pleased to announce that Dr. Molly Redilla has joined its leadership team as the new VP of lands.
"We are excited to promote Molly into this role," said Aaron Schutt, Doyon president and CEO. "As Doyon is the largest private landowner in Alaska and the largest indig....
Arctic Directory Sept 2023: Airgas celebrates anniversary with Operation Homefront - 09/24/2023 (Login to read Full story)
Airgas, an Air Liquide company, said May 24 that it is pleased to recognize its 15th consecutive year of partnership with Operation Homefront, a non-profit organization whose mission is to support military families so they can thrive in their communities. Since 2008, Airgas has donated $1.5 million....
Arctic Directory Sept 2023: Lynden Logistics lends a helping hand at shelte - 09/24/2023 (Login to read Full story)
As reported by Lynden News May 12, Lynden Logistics' Hawaii team lent helping hands at the U.S. Veterans Emergency Shelter at the former military installation at Barber's Point on Oahu. Lynden Logistics sponsored lunch for the 25 volunteers who supported Leeward Habitat for Humanity and the veterans....
Arctic Directory Sept 2023: NORTECH Inc. expands Anchorage office
- 09/24/2023 (Login to read Full story)
NORTECH Inc. said May 10 that it is pleased to announce that Haley Michael, P.E., has relocated from NORTECH's Juneau office to the Anchorage office. With this addition, the Anchorage office is expanding its services. Michael directly manages and assists NORTECH's engineers with spill prevention, co....
Arctic Directory Sept 2023: Airgas named one of Newsweek's Most Trustworthy Companies - 09/24/2023 (Login to read Full story)
Airgas, an Air Liquide company, said May 8 that it has been included on Newsweek's list of America's Most Trustworthy Companies 2023. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on....
Arctic Directory Sept 2023: Alaska Marine Lines works smart with recycling programs - 09/24/2023 (Login to read Full story)
As reported by Lynden News April 21, for the last five years, Alaska Marine Lines has made substantial purchases of refrigerated containers to help modernize the fleet. This has allowed some of the oldest units to be decommissioned. Four years ago, Alaska Marine Lines issued a directive to save usab....
Arctic Directory Sept 2023: Matson increased community support in Alaska in 2022 - 09/24/2023 (Login to read Full story)
Matson said April 18 that it contributed a total of $1.6 million in cash and in-kind donations to more than 85 charitable community organizations and nonprofit programs in Alaska during 2022.
Cash contributions, including funds directed by employees through the company's matching gift program, added....
Arctic Directory Sept 2023: Alaska Rubber Group changes name to consolidate companies - 09/24/2023 (Login to read Full story)
Alaska Rubber Group, an employee-owned industrial distribution company headquartered in Anchorage, Alaska, said April 6 that it has rebranded as ARG Industrial.
ARG Industrial is a solutions focused organization specializing in the distribution of hose, fittings, lifting and rigging products and ser....
Arctic Directory Sept 2023: Coffman Engineers, Deanna Nielson, earns professional license - 09/24/2023 (Login to read Full story)
Coffman Engineers Inc. said March 31 that it is pleased to announce Deanna Nielson's achievement on earning her Alaska professional engineering license in electrical engineering.
Nielson has been with Coffman's electrical engineering department for over seven years. Her background includes designing....
Arctic Directory Sept 2023: Airgas announces dry ice production system upgrade - 09/24/2023 (Login to read Full story)
Airgas, an Air Liquide company, said June 22 that it has recently completed installation of its new dry ice production equipment, replacing its nearly 60-year-old system.
The new equipment is state-of-the-art and will more than double production capacity to nearly 20,000 pounds per day. It also allo....
Arctic Directory Sept 2023: Coffman engineer reaches 30-year career milestone - 09/24/2023 (Login to read Full story)
Coffman Engineers Inc. said March 16 that it is pleased to announce a 30-year career milestone for fire protection engineering Principal Robert Bigtas, PE, FSPE. Since 1992, he has been a trailblazer as a fire protection engineer having successfully executed over $80 million in services in the Pacif....
Arctic Directory Sept 2023: Milky Way celebrates 75th anniversary - 09/24/2023 (Login to read Full story)
As reported by Lynden News Feb. 22, Milky Way, the leading bulk-milk transporter in the Pacific Northwest, is celebrating its 75th anniversary. A division of LTI Inc., Milky Way has expanded its business over the years from Washington state to now serve producers in Oregon, Idaho and Montana. Milky....
Arctic Directory Sept 2023: Alaska West Express delivers cat stat - 09/24/2023 (Login to read Full story)
As reported by Lynden News Feb. 27, in January Alaska West Express was called upon to respond to a natural disaster. An Alaska Railroad freight train was heading into Anchorage early on the morning of Jan. 17 when it ran into avalanche debris on the track. There were no injuries, but the impact dera....
Arctic Directory Sept 2023: Coffman Anchorage project manager earns certification - 09/24/2023 (Login to read Full story)
Coffman Engineers Inc. said Jan. 25 that it is pleased to announce Michelle McGinnis' achievement on earning her project management professional certificate. She is a project manager in Coffman's corrosion control engineering department.
McGinnis joined Coffman in 2014 and has provided project contr.... |
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