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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.
  • Falls Creek rebound - 04/18/2021 (Login to read Full story) The Alaska Supreme Court has ruled that the holder of an overriding royalty interest in a state lease has standing. The ruling came in a case brought by PLC LLC and MH2 LLC, owned by Paul Craig and family, against the Alaska Department of Natural Resources over a decision DNR made in 2017 excluding....

  • Alaska DNR vs. USA - 04/18/2021 (Full story) After 62 years of federal foot dragging on clearing title to submerged lands promised to the state under the Alaska Statehood Act, Gov. Mike Dunleavy's Unlocking Alaska Initiative seeks a path to resolution. At stake is the right of Alaskans to ply the waters of navigable rivers and lakes, and the....

  • It cuts both ways - 04/18/2021 (Login to read Full story) In his first five months as Montana's Attorney General, Austin Knudsen has wasted no time tackling President Joe Biden's decision to scuttle the Keystone XL pipeline, teaming up with other states in mounting a legal challenge against the move. Interviewed on CTV's Alberta Prime Time, he accused Bide....

  • ANS leaps on stockpile drawdown, OPEC forecasts increased demand - 04/18/2021 (Login to read Full story) Alaska North Slope crude vaulted $2.57 to close at $66.26 April 14, while Brent jumped $2.91 to $66.59, and West Texas Intermediate popped $2.97 to close at $63.15. After a string of docile trading days with movement counted in pennies per day, trading went ballistic April 14 on news from the U.S. E....

  • PHMSA requires Hilcorp to replace its MGS fuel gas system pipeline A - 04/18/2021 (Login to read Full story) The federal Pipeline and Hazardous Materials Safety Administration is requiring Hilcorp to replace the fuel gas pipeline between the company's Middle Ground Shoal A Platform and the MGS onshore facility. A leak was reported in the fuel gas line April 1. (See story in April 11 issue of Petroleum New....

  • Dunleavy introduces energy act to spur renewable fuels development - 04/18/2021 (Login to read Full story) On April 9, Alaska Gov. Mike Dunleavy introduced the Alaska Energy Independence Act (SB 123, HB 170) establishing a “tried and true method to spur sustainable energy development.” The bill creates the Alaska Energy Independence Fund through which the Alaska Industrial Development and Export Authorit....

  • Alberta pumps C$408 million into Inter Pipeline petrochem complex - 04/18/2021 (Login to read Full story) The Alberta government has dug deep into its piggybank to pull out a C$408 million cash grant for Inter Pipeline's Heartland Petrochemical Complex, HPC, near Edmonton — the first allocation under the province's Petrochemicals Incentive Program. The handout will be paid in three equal instalments ove....

  • Judge orders delay amid debate over line - 04/18/2021 (Login to read Full story) A judge on April 9 delayed a decision on whether the Dakota Access Oil pipeline should be shut down while the U.S. Army Corps of Engineers conducts an environmental review on the project, after lawyers for the pipeline asked for more time to outline the effects of recent changes in the economy. U.S....

  • Our village is not a national monument! - 04/18/2021 (Full story) In a recent opinion piece Matthew Rexford reminded people that the Village of Kaktovik is the only community in the 19 million acre Arctic National Wildlife Refuge, as well as the only permanent settlement on the narrow strip of coastline that is the ANWR 1002 area, where there is “great oil and gas....

  • US rotary rig count at 432, a gain of two - 04/18/2021 (Login to read Full story) The Baker Hughes U.S. rotary drilling rig count, 432 on April 9, was up by two from 430 the from the previous week and down 170 from a count of 602 a year ago. When the count bottomed out at 244 in mid-August last year, it was not just the low for 2020, but the lowest the count has been since the H....

  • Correction: Plugging, not abandoning - 04/18/2021 (Login to read Full story) In the story, “Beaten to pulp: 88E stock down on Merlin results; investors not reading between lines?” in the April 11, 2021 issue of Petroleum News, Dr. Paul Craig was misquoted as saying “plugging and abandoning.” In fact, Craig said “plugging the well.” The story was about 88 Energy's recent Merl....

  • NPSL adjustment bills move in Legislature - 04/18/2021 (Login to read Full story) Two proposals from the governor — allowing the commissioner of the Department of Natural Resources to make adjustments to net profit share leases and allowing DNR's Division of Oil and Gas to offer offshore gas-only leases with no surface access in a restricted area — are moving in the Legislature.....

  • Governor's bills would promote geothermal - 04/18/2021 (Full story) The Alaska Legislature is considering bills introduced by Gov. Mike Dunleavy, Senate Bill 104 and House Bill 135, to encourage exploration and development of Alaska's geothermal energy resources. On April 9 officials from the Alaska Department of Natural Resources talked to the Senate Resources Com....

  • Call for new info for two northern sales - 04/18/2021 (Login to read Full story) The Alaska Department of Natural Resources, Division of Oil and Gas, has issued a call for new information for the Beaufort Sea and North Slope areawide oil and gas lease sales. These sales, along with the North Slope Foothills areawide, have typically been held late in the year, and the division s....

  • Oil patch bits: Denali Universal Services announces new CFO - 04/18/2021 (Login to read Full story) Denali Universal Services, a 100% Sodexo owned company, said April 1 that it is pleased to announce and welcome Keith Granberry to its team as CFO. In his new role, Granberry reports to Maria Bourne, president and CEO of Denali Universal Services in Alaska. As CFO, Granberry will support all financ....

  • Oil patch bits: ChampionX awarded two multi-million-pound contracts - 04/18/2021 (Login to read Full story) ChampionX said April 8 that it has secured two contracts worth a combined £2.8 million, to deliver its next generation, non-toxic chemicals to two major North Sea operators. The company's environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organizations to ec....

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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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