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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.
  • Demand fears ease - 03/26/2023 (Login to read Full story) Alaska North Slope crude gained ground March 22, up 95 cents to close at $74.13. West Texas Intermediate and Brent lofted sharply into the close on dovish Federal Reserve comments, following a widely expected quarter point jump in the benchmark federal funds rate from 4.75% to 5%. WTI leapt $1.57 to....

  • Another step forward - 03/26/2023 (Full story) As Oil Search continues to move toward production at its Pikka unit on the North Slope, the company has applied to the Alaska Oil and Gas Conservation Commission for pool rules for the Nanushuk oil pool at Pikka. Oil Search (Alaska) LLC, the Pikka unit operator, a subsidiary of Santos Ltd., submitt....

  • REAP argues renewables - 03/26/2023 (Login to read Full story) As part of a continuing debate over the future of the Alaska Railbelt electrical system, in a March 16 meeting of the House Energy Committee Chris Rose, executive director of Renewable Energy Alaska Project, made the case for using renewable energy power generation and moving away from the current d....

  • Minor changes to Pikka project approved by state of Alaska DO&G - 03/26/2023 (Login to read Full story) On March 16, Alaska's Division of Oil and Gas approved Oil Search (Alaska)'s March 7 request to amend the Pikka Development Project Phase 1 plan of operations. Oil Search (Alaska), or OSA, a subsidiary of Santos Ltd., provided the division with a project update and associated figures that reflect c....

  • Oil prices, production down in state's Spring Revenue Forecast - 03/26/2023 (Login to read Full story) Oil prices and oil production are both down, driving the Alaska Department of Revenue's Spring Revenue Forecast down for fiscal year 2023 and FY 2024 and beyond, compared to the Fall Revenue Forecast released in mid-December. In December, unrestricted general revenue — before transfer from the Perm....

  • EIA annual sees CO2 reduction through 2050 - 03/26/2023 (Login to read Full story) The U.S. Energy Information Administration has released its Annual Energy Outlook 2023, which covers through 2050. In its March 16 press release the agency said projections in AEO2023 show that by 2030, energy-related CO2 emissions in the U.S. will drop by 25% to 38% below what they were in 2005, a....

  • US rotary drill rig count up 8 to 754 - 03/26/2023 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was up by eight for the week ending March 17 to 754, and up 91 from a count of 663 for the same period a year ago. This is only the second time in the past eight weeks that the count has increased. The high so far this year was 771 on Jan. 20. The hig....

  • AOGCC permits Paxton 12 at Ninilchik - 03/26/2023 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has approved a spacing exception for and issued a drilling permit for the Paxton 12 development gas well in the Ninilchik unit. Hilcorp Alaska, the unit operator, received an approval March 6 from the Alaska Department of Natural Resources' Division of....

  • Alaska's carbon future: CCUS potential - 03/26/2023 (Login to read Full story) Federal legislation has added incentives to entities that are considering facilities for carbon capture, utilization and storage, or CCUS. Section 45Q of the Unites States Internal Revenue Code provides a tax credit for CO2 storage. The state of Alaska is responding, with legislation under developm....

  • Division OKs wells at Beluga River K pad - 03/26/2023 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved a lease plan of operations amendment for two grass roots wells and associated infrastructure at the Beluga River unit K pad. In the March 20 decision the division said Hilcorp Alaska, the Beluga River unit operator, re....

  • Arctic sea ice reaches maximum extent - 03/26/2023 (Full story) The Arctic sea ice has probably reached its maximum extent for this winter, the National Snow and Ice Data Center has reported. This year's maximum of 5.64 million square miles, attained on March 6, was the fifth lowest maximum since satellite records began in 1979, NSIDC said. The maximum was 398,0....

  • DNR extends Narwhal comment period - 03/26/2023 (Login to read Full story) On March 15 the Alaska Department of Natural Resources' Division of Oil and Gas issued a public notice of an application by Anchorage-based Narwhal LLC to expand the West Harrison Bay Unit, saying that the 30-day public comment period has been extended from March 23 to April 6. The proposed West Har....

  • Oil patch bits: Coffman engineer reaches 30-year career milestone - 03/26/2023 (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....

  • Petroleum News also offers a News Bulletin Service.
    You must subscribe to this service to receive current News Bulletins.
    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • Eni allows Nikaitchuq North leases to terminate 07/07/2022
  • Oil Search (Alaska)'s Quokka unit approved 06/28/2022
  • State receives 2 bids in Cook Inlet O&G lease sale 05/25/2022
  • ConocoPhillips, ExxonMobil, Chevron interested in Pikka? 05/23/2022
  • Fiord West produces first oil, 10,000 bpd 05/20/2022

    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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