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The Explorers 2020

The Producers 2020

Arctic O&G
Directory March 2021
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 near $70 - 05/09/2021 (Full story) Alaska North Slope crude slipped 42 cents May 5, to close at $68.84 per barrel, while West Texas intermediate crept 6 cents lower to $65.63, and Brent rose 8 cents to $68.96. Prices settled lower after spirited trading earlier in the day that saw Brent prices loft to $69.81, just 19 cents shy of the....

  • Conoco Q1 earnings up - 05/09/2021 (Full story) ConocoPhillips issued first quarter results May 4, including an update on its activities in Alaska, with 2021 corporate earnings up from first quarter 2020. In Alaska, the company said, drilling at CD5 continued, with progress on Greater Mooses Tooth 2 infrastructure in advance of planned second qu....

  • China's threat to Arctic - 05/09/2021 (Login to read Full story) As China spreads its sphere of influence and control around the globe, unease is growing within the Canadian government, especially when it comes to Arctic sovereignty. A leading Defense Department official told an Ottawa conference on security and defense that Beijing is turning its attention to th....

  • Unalaska geothermal power plant; Construction begins summer 2021 - 05/09/2021 (Full story) Ounalashka Corp. and Chena Power LLC, OCCP, plans to begin the first stages of construction in 2021 of an 18-to-30-megawatt geothermal energy plant on the eastern flank of the Makushin Volcano on Unalaska Island, to supply electrical power to the City of Unalaska power grid. The partnership intends....

  • RCA has SB 123 regulations out for public comment; close June 1 - 05/09/2021 (Login to read Full story) The Regulatory Commission of Alaska has issued proposed regulations necessary to implement Senate Bill 123, enacted last year, which authorized certification and regulation of regional electric reliability organizations by the commission. SB 123 required adoption of regulations by July 1 of this yea....

  • Oil Search shareholders reject climate res by 90% at annual meet - 05/09/2021 (Login to read Full story) At Oil Search Ltd.'s annual meeting in Melbourne on April 30, a climate change resolution directing the company to spell out plans to phase out oil and gas operations was rejected by 90% of the votes cast. A renumeration report was likewise voted down by 54% despite the fact the company reduced boar....

  • Canada, US, head to showdown over Line 5; Enbridge ponders alternates - 05/09/2021 (Login to read Full story) The United States and Canada seem to be stumbling blindly into an energy showdown without precedent as the clock runs down on Michigan Governor Gretchen Whitmer's order for Enbridge to shut its Line 5 on May 13. If Whitmer succeeds in her resolve to cut off 540,000 barrels per day of shipments from....


  • Hilcorp submits 42nd POD for Cannery Loop - 05/09/2021 (Login to read Full story) Hilcorp Alaska has submitted the 42nd plan of development for the Cannery Loop unit on the Kenai Peninsula, a POD covering Aug. 1, 2021, through July 31, 2022. Cannery Loop produces natural gas. In 2020, Hilcorp said, production averaged 5.1 million standard cubic feet per day, with cumulative pro....

  • Division OKs Nikolaevsk unit termination - 05/09/2021 (Login to read Full story) An April 26 request from Hilcorp Alaska to terminate the Nikolaevsk unit was approved May 3 by Alaska Division of Oil and Gas Director Tom Stokes. In its termination request to the division, Hilcorp said it wanted to transition to lease operations at the field. A single natural gas well at the unit....

  • Weekly US rotary rig count up by 2 to 440 - 05/09/2021 (Login to read Full story) The Baker Hughes U.S. rotary drilling rig count, 440 on April 30, was up by two from 438 the previous week and up by 32 from a count of 408 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 b....

  • Explorers Magazine preview: Hilcorp flips script to do some exploring - 05/09/2021 (Login to read Full story) Hilcorp Alaska LLC often blurs the line between exploration and development. The company is best known for reviving aging oil and gas fields. But that doesn't mean it has been content to work exclusively within the boundaries of its existing properties. Over the past 10 years, the Alaska unit of t....

  • Danika Yeager new hire at Alyeska Pipeline - 05/09/2021 (Login to read Full story) Alyeska Pipeline Service Co. said May 5 that Danika Yeager has joined the company as vice president of operations and maintenance. Yeager will be responsible for safe, effective and efficient maintenance and operations of Trans Alaska Pipeline System facilities, including pump stations, response bas....

  • Oil patch bits: Employees compete in sled dog races - 05/09/2021 (Login to read Full story) As reported by Lynden News April 30, congratulations to Lynden-sponsored racers and Knik Construction employees Richie Diehl (right) and Pete Kaiser (left), taking first and second place respectively in the Kuskokwim 300 Sled Dog Race in February. The race route was changed this year to avoid contac....

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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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