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  • State offers terms - 08/13/2017 (Full story) The Alaska Department of Natural Resources has issued a decision setting stipulations whereby ConocoPhillips can expand the Colville River unit to include leases that were in the former Tofkat unit. The leases in question are adjacent to the southeast corner of the CRU. In February DNR denied the un....

  • Broad NPR-A info call - 08/13/2017 (Full story) The U.S. Department of the Interior's Bureau of Land Management has issued a call for nominations and comments for the 2017 National Petroleum Reserve-Alaska lease sale. The call, however, includes the entire NPR-A. In an Aug. 7 Federal Register notice, BLM said the call was for “all unleased trac....

  • Tax exemption for AGDC - 08/13/2017 (Full story) The Alaska Gasline Development Corp. said Aug. 8 that in a recent ruling the U.S. Internal Revenue Service determined the corporation qualifies as a tax-exempt political subdivision of the state. This was under new and more stringent proposed IRS regulations, AGDC said. “This is great news for the....

  • Companies bid on Aurora Gas assets; bids come in response to bankruptcy - 08/13/2017 (Login to read Full story) In the latest twist in the bankruptcy case for Aurora Gas LLC, two companies have offered to purchase Aurora Gas' interests in the Nicolai Creek gas field on the west side of the Cook Inlet. The two companies who have made the offers are Escopeta Oil and Gas Corp. and Aurora Exploration LLC. Despite....

  • State funds ASTAR; project would study Arctic infrastructure needs - 08/13/2017 (Login to read Full story) The state of Alaska's capital budget which Gov. Bill Walker signed on July 31 includes $7.3 million dollars for the Arctic Strategic Transportation and Resource project. The ASTAR project is a new program being run by Alaska's Division of Mining, Land and Water to plan transportation improvements on....

  • Governor signs royalty oil sale bill - 08/13/2017 (Login to read Full story) On Aug. 7 Gov. Bill Walker signed into law Senate Bill 30, a bill authorizing a four-year contract for the sale of state royalty oil to Petro Star Inc., the operator of refineries at North Pole and in Valdez. In September the Alaska Department of Natural Resources issued a best interest finding appr....

  • EIA: July Brent price up $2/bbl from June - 08/13/2017 (Login to read Full story) North Sea Brent crude oil spot prices averaged $48 per barrel in July, the U.S. Energy Information Administration said Aug. 8 in its Short-Term Energy Outlook, up $2 from the June average and up almost $4 per barrel from July 2016. EIA said it is forecasting Brent to average $51 per barrel this yea....

  • Pearce named PHMSA deputy administrator - 08/13/2017 (Login to read Full story) Drue Pearce, a former Alaska state representative and senator, and former federal coordinator for Alaskan Natural Gas Transportation Projects, has been appointed deputy administrator for the Pipeline and Hazardous Materials Safety Administration in the U.S. Department of Transportation. The Departm....

  • Alaska Oil and Gas Conservation Commission report: July 2017 - 08/13/2017 (Login to read Full story) • Effective July 1, Gov. Bill Walker appointed former state Sen. Hollis French to a four-year term as chair of the Alaska Oil and Gas Conservation Commission. French replaced Commissioner Cathy Foerster, who had been chairing the commission since 2012. • On July 11, the AOGCC approved (Conservation....

  • LNG carrier plying Northern Sea Route - 08/13/2017 (Login to read Full story) An ice-capable Russian LNG carrier, the Christophe de Margerie, is following the Northern Sea Route around the Arctic coast of Russia, in route between the Norwegian Barents Sea and South Korea, the Barents Observer has reported. The vessel is carrying LNG from Statoil's Melkoya gas terminal on the....

  • Nuna pad spill total rises to 170 barrels - 08/13/2017 (Login to read Full story) The Alaska Department of Environmental Conservation's Division of Spill Prevention and Response said Aug. 8 that the spill total at Caelus Natural Resources Alaska's Nuna well NDST-2 has risen to some 170 barrels, approximately 4,200 gallons, 100 barrels, of diesel freeze product fluid, and 2,940 ga....

  • Is banning new gas, diesel cars realistic - 08/13/2017 (Login to read Full story) Ban the sale of gasoline and diesel cars by a deadline — 2040, 2030, even 2025. More and more governments are proposing just that. But how seriously can such deadlines be taken? The issue of how to phase out polluting traditional engines has been pushed to the forefront by scandals and crises. Fir....

  • Shell preparing for shift away from oil - 08/13/2017 (Login to read Full story) Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said July 27. Van Beurden welcomed recent proposals to phase out passenger vehicles powered by fossil fue....

  • Exxon 2Q profit doubles from a year ago - 08/13/2017 (Login to read Full story) Exxon Mobil Corp. cut spending on oil exploration, helping boost earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago. Profit rose for both production of oil and gas and Exxon's refining business. The results, however, still fell short of Wall Street ex....

  • Oil Patch Bits: Fluor awarded Petronas contract in Malaysia - 08/13/2017 (Login to read Full story) Fluor Corp. recently announced that it was awarded an engineering, procurement and construction management contract by Petronas Refinery and Petrochemical Corp. Sdn. Bhd. for an isononanol plant located in Pengerang, Johor, Malaysia. Fluor will book the undisclosed contract value in the third quarte....

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    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • Interior releases final well control regulations 04/14/2016
  • RCA approves ML&P, Chugach Electric gas field purchase 04/22/2016
  • ExxonMobil starts Point Thomson production 04/22/2016
  • 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

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