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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.
  • Hanging in there - 05/29/2016 (Full story) The times are tough for Alaska's oil industry as low oil prices continue to erode margins and executives have to make painful decisions about cutbacks in staffing levels and drilling activities. But the current environment also focuses attention on finding ways to cut costs through improved operatio....

  • Savant evaluates Badami - 05/29/2016 (Full story) As it adjusts to new ownership, Savant Alaska LLC is undertaking a review of development and exploration opportunities at the Badami unit on the eastern North Slope. But as has been the case for both the company and the field in recent years, economic conditions could also delay any attempt to purs....

  • China on the prowl - 05/29/2016 (Full story) There was a time when Chinese state-owned petroleum companies had rounded up C$35 billion in Western Canadian oil sands and shale gas assets which observers believed would lead to another C$20 billion in capital investment to achieve commercial production by 2020. But that was five years ago, before....

  • State approves Kitchen Lights plan - 05/29/2016 (Login to read Full story) Alaska's Division of Oil and Gas has approved Furie Operating Alaska's latest plan of exploration for the Kitchen Lights unit, offshore in Cook Inlet. The division says the benefits of plan approval outweigh any possible adverse impacts, given the mitigation measures that Furie will implement and gi....

  • Company executives' tax worries - 05/29/2016 (Login to read Full story) Alaska managers of oil companies operating in the state, when talking to the Society of Petroleum Engineers Western Regional Meeting on May 24 about their responses to current low oil prices, all expressed their concerns about the impact of uncertainty and instability in Alaska's fiscal situation. T....

  • HB 247 conference committee named - 05/29/2016 (Login to read Full story) Two dramatically different versions of House Bill 247, Gov. Bill Walker's oil tax credit bill, are headed for conference committee in the Alaska Legislature. The version passed by the House was proposed on the floor by Republican Reps. Paul Seaton of Homer and Tammie Wilson of North Pole. Senate Fi....

  • Chenault: Oil price plunge causing chaos - 05/29/2016 (Login to read Full story) House Speaker Mike Chenault has held that post longer than any Alaska lawmaker — by a long shot. He's completing his fourth term as speaker while spending his eighth year on House Resources filling in for longtime colleague and friend Mike Hawker, who is being treated for cancer. He's been in offic....

  • Sweeping climate change plan from Ontario - 05/29/2016 (Login to read Full story) Energy, auto and airline industries are stunned by the Ontario government's plan to slash greenhouse gas emissions at a cost of C$7 billion by 2021. With 13.8 million residents, Ontario accounts for more than one-third of Canada's population, meaning that whatever reforms it implements will have a s....

  • Trans Mountain fight far from over - 05/29/2016 (Login to read Full story) More than four years after formally stepping into the batters' box with plans to triple capacity of its Trans Mountain crude oil pipeline system, Kinder Morgan has limped to first base. The question now is whether there is any hope that the company can steal second base, let alone make home base. Li....

  • EIA reference case with and without CPP - 05/29/2016 (Login to read Full story) The U.S. Energy Information Administration's Annual Energy Outlook 2016 won't be out until July, but in mid-May the agency posted an early release with a summary of the reference case, including the Clean Power Plan and a no-CCP case. The agency said both of the cases released “show substantially m....

  • DEC has second proposed rules draft out - 05/29/2016 (Login to read Full story) Alaska's Department of Environmental Conservation has issued a second draft of proposed new rules on minimum cleanup standards for chemicals in soil and groundwater at contaminated sites. The agency plans a workshop on the new regulations with stakeholders on June 8 in Anchorage, according to Kristi....

  • State regulators hammer BLM for violations - 05/29/2016 (Login to read Full story) Alaska oil and gas regulators say a federal agency violated the rules when its contractor failed to properly abandon two wells last winter during the cleanup of a decades-old environmental mess in the National Petroleum Reserve-Alaska. The missteps occurred as part of the U.S. Bureau of Land Manage....

  • State wants more info included in PODs - 05/29/2016 (Login to read Full story) Shortly before retiring early this year, then-Alaska Department of Natural Resources Commissioner Mark Myers told Prudhoe Bay operator BP Exploration (Alaska) that the department wanted information added to the annual update for the field's plan of development. He said the department “is working pr....

  • Hilcorp Alaska expanding Milne Point pad - 05/29/2016 (Login to read Full story) Hilcorp Alaska LLC wants to expand an existing drilling pad at the Milne Point unit to support a five-well development program, the company recently told state officials. The local subsidiary of the Texas-based independent wants to increase the L pad by approximately 1.66 acres to accommodate increa....

  • BP to market Anchorage headquarters - 05/29/2016 (Login to read Full story) BP has decided to market its Anchorage office building, selling it and leasing it back from a buyer. A BP spokesperson said the company has “no plans to move out of the Anchorage building. Marketing the building will be a “real estate transaction” and the company will become tenants rather than own....

  • BlueCrest applies for Cosmopolitan IHA - 05/29/2016 (Login to read Full story) BlueCrest Operating Alaska has applied to the U.S. Fish and Wildlife Service for an incidental harassment authorization approving the minor disturbance of sea otters during offshore drilling at the Cosmopolitan field, in the Cook Inlet, off Anchor Point in the southern Kenai Peninsula. BlueCrest wan....

  • Doyon set to spud; Ahtna awaiting rig - 05/29/2016 (Login to read Full story) Doyon Ltd. is set to begin drilling June 1 on its third exploration well in the Nenana basin southwest of Fairbanks. “All rig parts are now on site and are being assembled. Other support equipment is there as well. Our estimated ‘spud' date is June 1,” said Jim Mery, Doyon's vice president for lands....

  • Shell Arctic anchor systems to be removed - 05/29/2016 (Login to read Full story) In something of a postscript to Shell's now defunct exploration program in the Chukchi and Beaufort seas, the company has commissioned service company Fairweather to retrieve anchor equipment from Shell's offshore sites. Fairweather has applied to the National Marine Fisheries Service for an authori....

  • ConocoPhillips completes Tinmiaq well - 05/29/2016 (Login to read Full story) ConocoPhillips Alaska Inc. completed the Tinmiaq No. 6 exploration well in late March, according to a recent well report from the Alaska Oil and Gas Conservation Commission. The company completed the 4,250-foot vertical well on federal lease AA81080 in the Greater Mooses Tooth unit of the National P....

  • Hopkins resigns from board for Senate run - 05/29/2016 (Login to read Full story) Luke Hopkins, who was narrowly confirmed to the board of the Alaska Gasline Development Corp. in April, has resigned from that post to run for the state Senate. In a letter to Gov. Bill Walker, dated May 25, Hopkins said his decision to run was motivated by what he considers a lack of leadership in....

  • Another twist in the TAPS rate case - 05/29/2016 (Login to read Full story) In another twist in a massively complicated trans-Alaska pipeline rate case that began in 2008, pipeline shippers Tesoro and Anadarko have questioned litigation related costs that the pipeline owners want to include in the rates charged for transporting oil through the pipeline. The case has hinged....

  • Oil Patch Bits: CONAM Construction receives award from ConocoPhillips - 05/29/2016 (Full story) CONAM Construction said it was recently recognized by ConocoPhillips as part of its 2015 Supplier Recognition Award program. Awards were given in the areas of safety, focus on execution and doing business better, with CONAM receiving the “Focus on Execution” award. As the general contractor responsi....

  • Oil Patch Bits: AECOM in Alaska announces three new appointments - 05/29/2016 (Full story) AECOM, a premier, fully integrated global infrastructure firm, recently announced that it has made several leadership changes within its Alaska operations to enhance the impact of the organization in the region. Laura Young assumed the role of technical services manager. In this new role, Young will....

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  • Kulluk appears intact and stable 01/03/2013
  • Kulluk is back under tow 12/31/2012
  • Shell vessel towing the Kulluk loses power south of Kodiak 12/28/2012
  • Court rejects appeal against Shell air permits 12/26/2012
  • Furie permitting Kitchen Lights development 12/05/2012
  • Conoco applies for Bear Tooth permit 12/03/2012

    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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