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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, Brent mid-$70s - 06/20/2021 (Login to read Full story) North Slope crude closed at $73.62 per barrel June 16, slipping 30 cents from its post-COVID high of $73.92 set the day before. Brent continued to a new high, jumping 40 cents to close at $74.39 and WTI rose 3 cents to close at $72.15. WTI remained above $70 for the five days leading up to June 16,....

  • Red state win on leasing - 06/20/2021 (Full story) Judge Terry Doughty of the U.S. District Court for the Western District of Louisiana issued a preliminary injunction June 15 that blocks the Biden administration's moratorium on new federal oil and gas leasing. Doughty ruled that “millions and possibly billions” of dollars are at stake and that the....

  • KXL dead, hydrogen lives - 06/20/2021 (Login to read Full story) TC Energy's Keystone XL project was officially interred on June 9, taking C$1.3 billion in Alberta taxpayers' money with it when it terminated any hopes of achieving completion of the 1,200-mile crude bitumen pipeline. The Alberta government confirmed what many viewed as inevitable when it announced....

  • Badami 18th development plan okayed; work on B1-07, B1-36 wells - 06/20/2021 (Login to read Full story) On June 14, Alaska's Division of Oil and Gas approved the 18th plan of development for the eastern North Slope Badami unit. The application was signed April 27 by David Pascal, chief operating officer of independent Glacier Oil and Gas. Badami operator Savant Alaska is a Glacier company. The Badami....

  • Center for Biological Diversity intervenes in tidal power project - 06/20/2021 (Login to read Full story) The Center for Biological Diversity has filed a motion to intervene in Turnagain Arm Tidal Energy Corp.'s application to the Federal Energy Regulatory Commission for a preliminary permit for the Turnagain Arm Tidal Electric Generation Project. In a June 11 motion to intervene the center said it “se....

  • Oil Search applies to modify Pikka project's access road easement - 06/20/2021 (Login to read Full story) Oil Search Alaska applied in mid-May to modify the existing ADL 421218 private easement for the Pikka Development Access Road, formerly known as the Nanushuk Project Access Road, which is on state land on the North Slope. Alaska's Division of Oil and Gas found no problem with OSA's request, posting....

  • Ownership tussle accelerates as First Nations join Pembina alliance - 06/20/2021 (Login to read Full story) The turbulent history of Canada's Trans Mountain pipeline project has shifted in a new direction with a major energy company and a First Nations-Metis alliance forming a partnership to bid for outright ownership of the system. Pembina Pipeline and the Western Indigenous Pipeline Group, WIPG, announc....

  • FERC issues preliminary Kootznahoo permit - 06/20/2021 (Login to read Full story) The Federal Energy Regulatory Commission has issued a preliminary permit to Littoral Power Systems to study the feasibility of the proposed Kootznahoo Inlet tidal power project near the city of Angoon. In a June 11 order FERC said the proposed project would consist of a partially buoyant submersed....

  • State approves PODs for 4 Cook Inlet units - 06/20/2021 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved annual plans of development from Hilcorp Alaska for four Cook Inlet units: Cannery Loop, Deep Creek, Granite Point and Ninilchik. The Cannery Loop unit was formed as a federal-state unit in 1978, division Director Tom....

  • CORRECTION: Tract 802 not part of North Fork - 06/20/2021 (Login to read Full story) A story about the state's spring Cook Inlet areawide lease sale in the June 13 issue of Petroleum News incorrectly said that tract 802 was “at” the North Fork unit. The tract is close to the North Fork unit on the southern Kenai Peninsula. The acreage in that tract available for lease, although desc....

  • Biden moves to restore WOTUS safeguards - 06/20/2021 (Login to read Full story) The Biden administration began legal action June 9 to repeal a Trump-era rule that ended federal protections for hundreds of thousands of small streams, wetlands and other waterways, leaving them more vulnerable to pollution from development, industry and farms. The rule - sometimes referred to as....

  • Sidebar: Dunleavey objects strenuously - 06/20/2021 (Login to read Full story) Alaska Gov. Mike Dunleavy has objected strenuously to the Biden administration's plan. In a June 12 release, he called the U.S. Environmental Protection Agency's announcement a move to exert greater control over Alaska's waters, and said a broadened definition of Waters of the United States, WOTUS,....

  • US rotary rig count gains 5, now at 461 - 06/20/2021 (Login to read Full story) The Baker Hughes U.S. rotary drilling rig count was 461 the week ending June 11, up by five from 456 the previous week and up by 182 from 279 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 Houston....

  • AEA awards some $1M for charging stations - 06/20/2021 (Login to read Full story) The Alaska Energy Authority said June 14 that it has awarded nearly $1 million in grants to support installation of 12 direct current fast chargers and 11 level 2 electric vehicle chargers at nine locations in Alaska. AEA said the sites are less than 100 miles apart along the state's backbone highw....

  • AOGCC OKs Whiskey Gulch 1 exploration well - 06/20/2021 (Full story) The Alaska Oil and Gas Conservation Commission has approved Hilcorp Alaska's application for a spacing exception to drill, complete, test and produce the Whiskey Gulch No. 1 oil and gas exploration well in an undefined oil pool within 500 feet of a property line and in an undefined gas well within 1....

  • Oil patch bits: Anvil Corp. names Dena Lund as new president - 06/20/2021 (Login to read Full story) Anvil Corp. said June 14 that it is pleased to announce Dena Lund as Anvil's new president effective July 15. Lund joined Anvil in 2019 as an independent board director. She brings decades of field operations and engineering experience, as well as a proven record of successful leadership roles, incl....

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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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