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  • Wildcat! - 08/28/2016 (Full story) It might be a painfully slow climb to 2020 and its higher oil prices, but Bill Armstrong and his company Armstrong Energy are still betting on Alaska for more dream fields — fields that could make Alaska's oil industry great again. Armstrong is drilling a true wildcat well on the North Slope this wi....

  • AKLNG cost down - 08/28/2016 (Full story) A new cost estimate for the Alaska LNG Project puts the required capital investment at about $45 billion, which is in the lower range of a previous estimate of $45 billion to $65 billion, an ExxonMobil Corp. manager heading preliminary engineering for the project told an Alaska legislative committee....

  • Furie, feds reach deal - 08/28/2016 (Full story) After nearly five years of legal wrangling, Furie Operating Alaska LLC and the U.S. Department of Homeland Security have reached a “tentative settlement” over a $15 million fine the government assessed against the company for violating the Jones Act. The exact terms of the settlement remain unknown....

  • Great Bear buys into Badami with small ASRC working interest - 08/28/2016 (Login to read Full story) Great Bear Petroleum has agreed to purchase a small working interest in Badami from Arctic Slope Regional Corp. Exploration's position in the unit, Patrick Galvin, Great Bear chief commercial officer and general counsel, confirmed to Petroleum News in an Aug. 23 email. Information about the details....

  • Hilcorp advancing Kalotsa pad with four-well program planned - 08/28/2016 (Login to read Full story) Hilcorp Alaska LLC expects to build a new pad at the Ninilchik unit later this year. The local subsidiary of the Texas-based independent plans to construct the Kalotsa pad and drill as many as four wells at the onshore Cook Inlet unit starting later this year. The pad would be the ninth at the unit,....

  • Gara: Curious about pipeline options - 08/28/2016 (Login to read Full story) House Rep. Les Gara says he isn't ready to give up on a large-diameter natural gas pipeline, even in a chronically low-priced resource environment. He's hoping for a way to slow down the process and be ready when the market is ready and so is a buyer. The Anchorage Democrat, who sits on the House Fi....

  • Hilcorp seeking new MGS pool rules - 08/28/2016 (Login to read Full story) Hilcorp Alaska LLC is proposing a series of changes to the pool rules at the oldest offshore development in Alaska in an effort to extend the life of the aging fields. The changes are part of a larger effort to consolidate three neighboring offshore fields — the North Middle Ground Shoal field, the....

  • Logistics 1 topic of AKLNG FERC report - 08/28/2016 (Login to read Full story) The draft of resource report No. 5 for the Alaska LNG project, covering socioeconomics, is primarily qualitative rather than quantitative because project data are not available for modeling, report authors told the Federal Energy Regulatory Commission. But where preliminary data are available on tra....

  • RCA orders ML&P gas price hearing - 08/28/2016 (Login to read Full story) The Regulatory Commission of Alaska has ordered a hearing into a request by Municipal Light & Power for authorization of a change to the way in which the Anchorage electricity utility calculates the price of its natural gas supplies from the Beluga River gas field. Pending the results of the hearing....

  • A step at a time for transmission grid - 08/28/2016 (Login to read Full story) The question of how best to pool electrical power resources across the Alaska Railbelt power transmission grid has been a debate that has continued for a number years but now seems to be coming to a head. While utilities have seen significant success in helping each other through the sharing of powe....

  • Mitsubishi officials get Cook Inlet tour - 08/28/2016 (Login to read Full story) Senior officials of Mitsubishi Gas Chemicals, a major Japanese energy and chemicals company, were in Alaska in mid-August to look at investment prospects. Resource Energy Alaska, a small Japanese company working on a Cook Inlet liquefied natural gas project, played host. The group was headed by Kaz....

  • Two ANSEP students intern with BSEE - 08/28/2016 (Login to read Full story) Two students in the Alaska Native Science and Engineering Program in the University of Alaska have completed summer internships with the Bureau of Safety and Environmental Enforcement, the agency has announced. The students, Grant Cummings and Kyle Jones, were the first to be selected from ANSEP for....

  • RCA orders hearing on CEA Beluga gas - 08/28/2016 (Login to read Full story) The Regulatory Commission of Alaska has ordered a formal hearing, to investigate Chugach Electric Association's proposed internal pricing for the utility's natural gas supplies from the Beluga River field. Meanwhile, the commission has suspended the utility's proposed tariff revision for the gas pri....

  • BSEE releases new oil spill calculators - 08/28/2016 (Login to read Full story) The Bureau of Safety and Environmental Enforcement has announced the release of four new calculators designed to improve the efficiency of future offshore oil spill responses. The agency says that it will view the use of these calculators as a formal “best practice” for adoption in operators' oil sp....

  • US drilling rig count up 10 to 491 - 08/28/2016 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. increased by 10 the week ending Aug. 19 to 491. A year ago, 885 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said 406 rigs were drilling....

  • Watchdog says EPA failed to study impact - 08/28/2016 (Login to read Full story) The Obama administration has failed to study as legally required the impact of requiring ethanol in gasoline and ensuring that new regulations intended to address one problem do not actually make other problems worse, the Environmental Protection Agency inspector general said Aug. 18. The conclusio....

  • Oil Patch Bits: Alliance announces call for board nominations - 08/28/2016 (Full story) The Alaska Support Industry Alliance said recently its board nominations and elections committee is seeking members to serve on the Alliance board of directors. There are six, three-year terms available in the FY 2017 election. Election results will be announced at the annual meeting Oct. 20 and new....

  • Oil Patch Bits: The Nature Conservancy elects new trustees - 08/28/2016 (Full story) The board of trustees of The Nature Conservancy in Alaska is pleased to announce the election of two new trustees. The board elected J. Michael Johnson and Greta Schuerch at recent meetings. J. Michael Johnson of Alamo, California, is former executive vice president and group head of Wells Fargo's....

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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

    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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