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Exploration update
- 02/23/2025 (Full story)
In the 2024-25 Alaska North Slope winter exploration drilling season two wells have been spud -- Great Bear Pantheon's Megrez-1 in November and Bill Armstrong's Lagniappe Sockeye-2, which is being drilled as this issue of Petroleum News goes to press.
A third possibility had been Quokka-1 in the Quo....
Hilcorp buys North Fork
- 02/23/2025 (Full story)
Hilcorp Alaska is in the process of buying the North Fork unit and the associated North Fork Pipeline on the southern Kenai Peninsula from Anchor Point Energy, the pipeline owner, and Vision Resources, the North Fork unit owner, with plans to explore for additional gas in the unit.
In conjunction w....
Supply risk firms ANS
- 02/23/2025 (Login to read Full story)
Alaska North Slope crude crept back above $75 per barrel Feb. 19 -- up 36 cents to close at $75.16. West Texas Intermediate was up 40 cents to $72.25 and Brent edged 20 cents higher to close at $76.04.
Supply disruption fears drove prices higher for a second day but were moderated by bearish factor....
Oil patch insider: 'Significant' interest in Alaska booth at NAPE, says Crowther - 02/23/2025 (Login to read Full story)
The Alaska Division of Oil and Gas saw "significant interest in our booth at NAPE (formerly the North American Prospect Expo) Summit" in Houston, Texas earlier this month "where we highlighted the breadth of development and exploration opportunities in Alaska," Alaska Department of Natural Resources....
Pikka Phase 1 drill, completion time down to 30 days per well - 02/23/2025 (Login to read Full story)
On Feb. 18 Santos released an update on its Pikka Phase 1 project on Alaska's North Slope.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said, "another strong cash flow year from the long-life gas assets in our base business has enabled the company to deliver returns to shareh....
CEA, MEA talk to House Energy about Southcentral power supply
- 02/23/2025 (Login to read Full story)
On Feb. 4 representatives from several electricity utilities talked to the Alaska Legislature's House Energy Committee about their utilities, their operations and the challenges that they face. Part 1 of this three-part series on the meeting covered presentations by Homer Electric Association and Go.... |
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Legislators hear AGDC update; Glenfarne, mil rate, RIV issues - 02/23/2025 (Login to read Full story)
The Alaska LNG Project is stirring to life and raising questions from state legislators for the Alaska Gasline Development Corp., the state corporation heading the project.
With the state's historic spending for various plans to move North Slope natural gas south estimated at some $1.1 billion and....
EIA revises natural gas price forecast
- 02/23/2025 (Login to read Full story)
The U.S. Energy Information Administration has raised its 2025 Henry Hub natural gas spot price forecast average to $3.80 per million British thermal units, up 21% from a January forecast of $3.10 per million Btu. In its February Short-Term Energy Forecast, issued Feb. 11, EIA said cold weather in t....
The case for Cook Inlet LNG importing
- 02/23/2025 (Login to read Full story)
Anchorage based Chugach Electric Association has filed with the Regulatory Commission of Alaska a report from Black and Veatch on phase two of the consultancy's investigation into gas supply options for the electric utility in response to dwindling supplies of natural gas from the Cook Inlet basin.
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Baker Hughes US rig count up by 2 at 588 - 02/23/2025 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 588 on Feb. 14, up by two from the previous week, down by 33 from 621 a year ago and up six from two weeks ago. Over the last eight weeks the rig count was unchanged in two weeks, down in three weeks and up in three with a combined loss of 13 and....
Government spending freeze impacts Alaska
- 02/23/2025 (Login to read Full story)
During a presentation to the Alaska House Energy Committee on Feb. 10, Curtis Thayer, executive director of the Alaska Energy Authority, confirmed that the current pause in federal funding associated with federal grants applies to funding assistance for the construction of a subsea electricity trans.... |
