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The Explorers 2020

The Producers 2019

Arctic O&G
Directory March 2020
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.
  • Badami restarting - 09/27/2020 (Full story) Savant Alaska LLC, a Glacier Oil and Gas company, is completing a facility turnaround at the eastern North Slope Badami unit pad and expects to restart oil production early in the week of Sept. 27, Glacier President Stephen Ratcliff told Petroleum News in a Sept. 23 interview. He said all the wells....

  • Murky demand picture - 09/27/2020 (Login to read Full story) In choppy trading, West Texas Intermediate crude rose briefly up into the $40s early Sept. 23, as Brent and Alaska North Slope prices meandered along the lower depths of a $40 to $45 per barrel trading channel that has loosely bounded the major indexes for weeks. Brent flirted with the $42 mark Sept....

  • A seat at the table - 09/27/2020 (Login to read Full story) A pledge last year by Alberta Premier Jason Kenney to promote First Nations equity stakes in natural resource development has turned into action. Acting through the Alberta Indigenous Opportunities Corp., AIOC, the government will provide a C$93 million loan guarantee for six First Nations to join t....

  • Oil patch insider: Although Statoil left Alaska, it still invests in Arctic elsewhere - 09/27/2020 (Full story) One of the major oil companies that left Alaska in recent years, Norway-based Statoil, continues to invest in northern oil and gas fields elsewhere in the world, including Norway and Canada. (See “Norway pushes for more Arctic drilling: Offers drilling incentives, auctioning 136 blocks for frontier....

  • Hilcorp does aerial survey over Doyon land in Yukon Flats basin - 09/27/2020 (Full story) Aaron Schutt, president and CEO of Doyon Ltd., updated the attendees of the Sept. 17 Resource Development Council's meeting on the Native corporation's oil and gas exploration agreement with Hilcorp Alaska in the Yukon Flats sedimentary basin (see map in the print and pdf versions of this story). E....

  • DOE office supporting Arctic research reestablished at UAF - 09/27/2020 (Login to read Full story) The U.S. Department of Energy announced Sept. 17 that it is re-establishing its Arctic Energy Office in the campus of the University of Alaska Fairbanks. U.S. Sen. Lisa Murkowski, R-Alaska, had been pushing for the funding of the AEO — the office was originally established in 2001, but was reduced t....

  • Trans Mountain aims high, cites record volumes, producer support - 09/27/2020 (Login to read Full story) Those directing Canada's Trans Mountain pipeline and the construction of an expansion to triple crude capacity on the system to 890,000 barrels per day have apparently decided that their best defense is offense. In a rare public challenge to critics of the pipeline's hopes, Ian Anderson, chief execu....

  • State looks for interest in royalty oil - 09/27/2020 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas is asking for expressions of interest from companies interested in bidding on the state's North Slope royalty-in-kind crude oil. The non-binding solicitation of interest was published Sept. 18; written responses are due by Nov. 2 t....

  • Hilcorp adds 4 wells to Milne Point POD - 09/27/2020 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved a proposal by Hilcorp Alaska to drill up to four additional development wells at its Milne Point unit J pad. These wells are in addition to the 28 new wells the company said it planned to drill when it filed the 38th pl....

  • $10,000 fine for failure to file report - 09/27/2020 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has fined Eni US Operating Company Inc. $10,000 for failure to file a report on completed workover operations within 30 days of work completion. Eni is the 100% working interest owner and operator at the Nikaitchuq unit on Alaska's North Slope. The wel....

  • Minimum Arctic ice extent for this year - 09/27/2020 (Login to read Full story) The Arctic sea ice has probably reached its minimum extent for this year, the National Snow and Ice Data Center has announced. The likely minimum extent of 1.44 million square miles, reached on Sept. 15, is the second lowest since satellite records began in 1979, NSIDC said. “It's been a crazy year....

  • US rig count stays steady, up by one to 255 - 09/27/2020 (Login to read Full story) The Baker Hughes U.S. rotary rig count grew by one, rising to 255 the week ending Sept. 18, up marginally from the 2020 low of 244 set the week of Aug. 14, the lowest the rig count has been since the Houston based oilfield services company began issuing a weekly U.S. rig count in 1944. Prior to this....

  • Groups seek review of FERC AKLNG decision - 09/27/2020 (Login to read Full story) Conservation groups have asked a federal appeals court to review a regulatory decision authorizing a mega liquefied natural gas project in Alaska. The Center for Biological Diversity and Sierra Club asked the U.S. District Court of Appeals District of Columbia Circuit to review the decision by the....

  • State issues call for new lease sale info - 09/27/2020 (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 Cook Inlet and Alaska Peninsula areawide oil and gas lease sale areas. Sales for those areas are tentatively scheduled for spring. The division said that based on information it receive....

  • CIE Glacier files Redoubt suspension report - 09/27/2020 (Login to read Full story) On Sept. 9 Cook Inlet Energy, a Glacier Oil & Gas Corp. company, filed its first quarterly suspension of operations and production report with Alaska's Division of Oil and Gas for the Redoubt Shoal oil field in Cook Inlet. Redoubt produces from the Osprey platform and uses the onshore Kustatan produ....

  • Oil patch bits: PND Engineers Inc. welcomes new hires to its team - 09/27/2020 (Login to read Full story) PND Engineers Inc., in Anchorage, said Sept. 9 that it is pleased to welcome three new hires in recent months. It's tough enough to start a new job. Try stepping in just in time to go into lockdown, in response to COVID-19 guidelines. PND's latest staff additions are undeterred and have embraced the....

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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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