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The Explorers 2020

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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.
  • Firing up the Beast - 03/07/2021 (Login to read Full story) Doyon 26, the extended reach drilling rig nicknamed the Beast because of its immense size, will begin drilling in ConocoPhillips' Fiord West prospect early this summer from the Alpine CD2 drill site, with rig commissioning and startup starting the week of Feb. 28. Before ConocoPhillips shut down its....

  • Hilcorp plans CI survey - 03/07/2021 (Login to read Full story) Hilcorp Alaska has applied to the Bureau of Ocean Energy Management for a permit to conduct geohazard and geotechnical surveys over federal lease blocks in the lower Cook Inlet. According an environmental evaluation associated with the permit application, the surveying would encompass four lease blo....

  • US burns up gasoline - 03/07/2021 (Login to read Full story) Alaska North slope crude jumped $1.65 March 3 to close at $64.21 per barrel, West Texas Intermediate popped $1.53 to close at $61.28 and Brent rose $1.37 to close at $64.07. Oil moved higher on the day with news of a massive drop in U.S. fuel inventories. The American Petroleum Institute reported a....

  • ConocoPhillips requests decision by July 1 in Willow court case - 03/07/2021 (Login to read Full story) On Feb. 22 ConocoPhillips requested the federal District Court in Alaska to issue an expedited decision by July 1 in a court case in which Sovereign Inupiat for a Living Arctic and several environmental organizations have challenged the validity of the Bureau of Land Management's approval of the dev....

  • AOGCC rules KLU wells P&A'd; requires site clearance, bonding - 03/07/2021 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has ruled on applications from Furie Operating Alaska to change the status of three offshore exploration wells within the Cook Inlet Kitchen Lights unit. The wells, KLU Nos. 1, 2A and 4, were suspended by a previous operator in 2012 and 2013 with 15 fe....

  • Dunleavy proposes $60M in FY22 to retire some cashable tax credits - 03/07/2021 (Login to read Full story) Alaska Gov. Mike Dunleavy has entered a $60 million appropriation in his proposed fiscal year 2022 budget towards oil and gas tax credits that are eligible for repurchase by the state through the Oil and Gas Tax Credit Fund. The funds, if appropriated, will make a small dent in the $732.5 million ou....

  • Biden, Trudeau reset relations, tackle climate change, energy pact - 03/07/2021 (Login to read Full story) Canadian Prime Minister Justin Trudeau seems wedded to the idea that he should proceed down the energy aisle, arm-in-arm with President Joe Biden. It's now apparent that Trudeau is ready to give up what he views as a no-win fight with Biden over the new president's sinking of Keystone XL and trade t....

  • Continued progress on ERO regulations - 03/07/2021 (Login to read Full story) The Regulatory Commission of Alaska is continuing with the development of regulations for the oversight of electricity reliability organizations, or EROs, in Alaska. However, the regulation development is taking a slightly different route from what the commission had originally envisaged. The regula....

  • Alaska-Mackenzie Rig Report - 03/07/2021 (Login to read Full story) You must be logged in as a subscriber to read the Alaska-Mackenzie Rig Report.....

  • ANS January production down 5% from 2020 - 03/07/2021 (Login to read Full story) Alaska North Slope production averaged 504,078 barrels per day in January, down 3,107 bpd, 0.6%, from a December average of 507,185 bpd and down 4.75% from a January 2020 average of 529,217 bpd. Crude oil production, 88.7% of the volume, averaged 447,298 bpd in January, down 4,500 bpd, 1%, from a D....

  • Sidebar: Cook Inlet gas down marginally in January - 03/07/2021 (Login to read Full story) Natural gas production from Cook Inlet averaged 225,761 thousand cubic feet per day in January, down marginally — 0.1%, 207 mcf per day — from a December average of 225,968 mcf and up 4% from a January 2020 average of 217,174 mcf. Data are from the Alaska Oil and Gas Conservation Commission, which r....

  • So much for those days: grim years ahead - 03/07/2021 (Login to read Full story) In the midst of the annual Calgary Stampede, then-premier of Alberta, Ralph Klein, wearing a cowboy hat, held high a sign declaring “Paid in Full.” That was his signal Alberta had paid off its remaining debt of C$3.7 billion, making it the only jurisdiction in the western world to enter such a heady....

  • Preliminary finding for NS Foothills area - 03/07/2021 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas said Feb. 24 that a preliminary written finding of the director for the North Slope Foothills areawide oil and gas lease sale is available for public comment. Best interest findings for the state's five areawide sale areas — Alaska....

  • US drilling rig count grows by 5 to 402 - 03/07/2021 (Login to read Full story) The Baker Hughes U.S. rotary drilling rig count, 402 for the week ending Feb. 26, was up by five from the week ending Feb. 19 and down 388 from a count of 790 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....

  • Prudhoe gas treatment plant hits snag - 03/07/2021 (Login to read Full story) SES Midstream's plan to begin construction of a small compressed natural gas and sales quality natural gas plant at Deadhorse to serve the local oilfield support contractors and Norgasco, the local gas distribution firm, has run into permitting roadblock, which ultimately resulted in a Jan. 29 appea....

  • Village of Kaktovik: Biden reneges on promise to consult w. indigenous tribes - 03/07/2021 (Full story) On March 1, the Native Village of Kaktovik, the only federally recognized tribe in the Arctic National Wildlife Refuge, issued a press release in protest of the Biden-Trudeau announcement to “safeguard the Porcupine caribou herd calving grounds” in ANWR. “Alaska Native tribes are sovereign governmen....

  • State approves two CIE Redoubt requests - 03/07/2021 (Login to read Full story) The Alaska Division of Oil and Gas has approved requests from Cook Inlet Energy, a Glacier Oil & Gas Corp. company, for voluntary relinquishment of some acreage within the Redoubt unit a request the division said also included a request for a one-year delay in mandatory unit contraction. The Feb. 2....

  • Oil patch bits: Lynden's Ken Hall named volunteer of the year - 03/07/2021 (Login to read Full story) As reported by Lynden News Feb. 24, Lynden Transport's Fairbanks Account Manager, Ken Hall, received the George Nehrbas Volunteer of the Year Award for 2020 from the Fairbanks Chamber of Commerce. The award is presented to a member of the chamber who has distinguished themselves as an outstanding vo....

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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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