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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.
  • ANS most wanted oil - 05/22/2022 (Full story) Alaska North Slope crude dove $4.05 May 18 to close at $113.66 per barrel, while West Texas Intermediate dropped $2.81 to close at $109.59 and Brent dropped $2.82 to close at $109.11. The downward move coincided with a sharp downturn in U.S. equity prices. “The market is extremely volatile so any li....

  • North Slope methanol? - 05/22/2022 (Login to read Full story) On March 2, Alyeschem LLC and Ahtna Petrochemical Products LLC applied to the Alaska Department of Natural Resources' Division of Oil and Gas for an assignment of state lease ADL 421055 from Ahtna Petrochemical to Alyeschem under Alaska Statute (AS) 38.05.070 and AS 38.05.920. The division approved....

  • Diesel crunch not a passing fad - 05/22/2022 (Login to read Full story) Diesel fuel prices across the United States — and around the world — have taken off in recent months. Reduced supply of Russian diesel and crude oil are part of the problem, but not all of it by any means. And it isn't likely to ease any time soon. A recent report of the International Energy Agency....

  • Oil patch insider: CPAI pauses Fiord West ERD; more state Cook Inlet lease sales - 05/22/2022 (Login to read Full story) In a May 18 status update of an April 11 annual update to federal and state officials on the 24th Colville River unit plan of development, ConocoPhillips Alaska Inc. says it recently completed drilling the Fiord West CD2-310 well and given the “significant challenges seen” in the well, its “drilling....

  • Great Bear Pantheon's 2-well Alkaid exploration plan approved - 05/22/2022 (Login to read Full story) On May 13, Alaska's Division of Oil and Gas approved Great Bear Pantheon's unit plan of operations to carry out the Alkaid 2 and Alkaid 3 exploration program in the Alkaid unit approximately 20 miles south of Deadhorse on Alaska's North Slope. The project will start in May 2022 and be finished no la....

  • Hilcorp plans more Cook Inlet drilling, applies to NOAA for IHA - 05/22/2022 (Login to read Full story) Hilcorp Alaska has applied to NOAA Fisheries for incidental harassment authorizations for the possible disturbance of marine mammals during a planned offshore drilling program in Cook Inlet. The authorization would apply to the use of tugboats for towing a jack-up drilling rig to various drilling si....

  • ConocoPhillips takes AOGCC, DNR to court on well data release - 05/22/2022 (Login to read Full story) ConocoPhillips Alaska is challenging the Alaska Department of Natural Resources in court over release of well data for exploratory wells it drilled in the National Petroleum Reserve-Alaska. In separate litigation it is requesting a permanent injunction preventing the Alaska Oil and Gas Conservation....


  • Hilcorp evaluating new Cannery Loop wells - 05/22/2022 (Login to read Full story) Hilcorp Alaska has filed the 43rd plan of development for its Cannery Loop unit on the Kenai Peninsula with the Alaska Division of Oil and Gas. The company said the plan will be effective from Aug. 1 through July 31, 2023. Cannery Loop is one of the smaller Cook Inlet gas producers, accounting for....

  • State OKs work at small Cook Inlet fields - 05/22/2022 (Login to read Full story) Hilcorp Alaska began acquiring Alaska oil and natural gas assets more than 10 years ago, beginning with mature Cook Inlet fields, in line with its Lower 48 business model of acquiring and extending the life of mature assets. Annual plans of development filed with the Alaska Division of Oil and Gas d....

  • Winter offroad tundra travel closed May 13 - 05/22/2022 (Login to read Full story) The Eastern and Western Tundra Opening Areas were closed for offroad winter travel May 13. The Alaska Department of Natural Resources' Division of Mining, Land and Water said the coastal areas are no longer suitable for offroad travel, with widespread snowpack deterioration made evident by “large s....

  • New well possible at Hilcorp's Deep Creek - 05/22/2022 (Login to read Full story) Hilcorp Alaska has filed a 19th plan of development for its Deep Creek unit, a small gas field on the southern Kenai Peninsula east of Ninilchik. The 2022 POD, filed April 29 with the Alaska Division of Oil and Gas, covers Aug. 1 through July 31, 2023. The Alaska Oil and Gas Conservation Commission....

  • US drilling rig count up by 9 to 714 - 05/22/2022 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was 714 on May 13, up by nine from the previous week and up by 261 from 453 a year ago. When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based oilfield services company began....

  • Explorers Preview: ConocoPhillips resetting from COVID-19 pandemic - 05/22/2022 (Login to read Full story) If you look at a chart of ConocoPhillips' exploration activity on the North Slope over the past two decades, it echoes the average ANS West Coast spot prices over the same time. ConocoPhillips has been the most prolific explorer in Alaska in the 21st century and also the most consistent. It is the o....

  • Petroleum News also offers a News Bulletin Service.
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    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • 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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