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  • KBPL rate challenge - 06/26/2016 (Full story) Several businesses and Alaska's attorney general have submitted statements to the Regulatory Commission of Alaska, questioning a proposed rise in the fees charged for shipping gas through the Kenai Beluga Pipeline. The pipeline company has applied to the commission for a rate rise from 29.15 cents t....

  • Linc bankruptcy filing - 06/26/2016 (Full story) The U.S. subsidiaries of Linc Energy Ltd. have filed for bankruptcy protection. In late May, Linc USA GP and 10 other subsidiaries of the Australian independent, including Linc Energy Resources Inc. and Linc Alaska Resources LLC, filed for chapter 11 bankruptcy protection in a federal bankruptcy co....

  • Whatever it takes - 06/26/2016 (Full story) Two of Canada's largest oil sands producers are trying two different routes back to financial strength. Suncor Energy, which is estimating its costs from the Fort McMurray wildfire at C$1 billion, has launching a C$2.5 billion equity offering, while offering to buy back C$1.5 billion of debt. Cenov....

  • Nenana well nearing its targets - 06/26/2016 (Login to read Full story) As Doyon's Toghotthele No. 1 exploration well in the Nenana basin approaches its drilling targets, Doyon Ltd has filed a plan for a second well this summer from the same drilling pad, should the first well encounter a significant hydrocarbon resource. James Mery, Doyon vice president for lands and n....

  • Furie drilling at Kitchen Lights - 06/26/2016 (Login to read Full story) Furie Operating Alaska has started drilling the Kitchen Light Unit No. A-2 well offshore in the Cook Inlet, Bruce Webb, Furie senior vice president, told Petroleum News in a June 21 email. The well spudded on June 19, Webb said. Furie is drilling the well using the Randolf Yost jack-up rig, cantile....

  • Governor calls special session - 06/26/2016 (Login to read Full story) The special session of the Alaska Legislature ended June 19 when the Alaska Senate gaveled out, following a House exodus June 18. Gov. Bill Walker immediately called another special session for July 11. Three items are on the call: use of the Alaska Permanent Fund for state government; a tax bill,....

  • Stoltze to Walker: Proceed with caution - 06/26/2016 (Login to read Full story) Sen. Bill Stoltze may not be running for re-election, capping a 14-year career in office, but his work is hardly done. The Chugiak Republican returns to Juneau in July for another special session on tax bills including another shot at reshaping the state's oil tax credit system. Stoltze spoke to Pet....

  • Messages of support for OCS development - 06/26/2016 (Login to read Full story) Following the publication of a letter to the Obama administration from nearly 400 scientists opposing oil drilling on the Arctic outer continental shelf, supporters of Arctic offshore oil and gas development have weighed into the debate. The Bureau of Ocean Energy Management has been accepting comme....

  • Tough measures in tough times - 06/26/2016 (Login to read Full story) Penn West Petroleum, once a star among Canada's mid-size petroleum producers, has ended a decade of frequent turmoil by returning itself to the start line. It has jettisoned one of its two main assets by selling all of its Saskatchewan holdings in the Viking light oil play for C$975 million to Teine....

  • Tesoro closes on Alaska acquisitions - 06/26/2016 (Login to read Full story) Tesoro and the state of Alaska have reached an agreement allowing the company to go ahead with the purchase of Flint Hills Resources' wholesale and logistics assets in Anchorage and Fairbanks, subject to Tesoro selling one of its existing terminals in Anchorage. Tesoro Corp. said June 20 that the a....


  • Statoil confirms two Newfoundland finds - 06/26/2016 (Login to read Full story) Norway's Statoil has confirmed two new discoveries after 19 months of evaluating its drilling program in the Flemish Pass basin offshore Newfoundland. The company issued the results from its Bay du Nord play after the return of its West Hercules semi-submersible to a base at Bay Bulls in Newfoundlan....

  • Making the optimum use of the power - 06/26/2016 (Login to read Full story) The heat pump, a technology that has been around for many years, is best known to many people as the engine that drives a household refrigerator or air conditioning system. But the technology also works as a means of heating a building, an application that can work effectively even in Alaska's cool....

  • British Columbia Chevron refinery up for sale - 06/26/2016 (Login to read Full story) Chevron is testing the market for interest in its small Vancouver-area refinery, which supplies about a quarter of British Columbia's refined fuel, along with its chain of 138 service stations and 41 Chevron-branded outlets. That comes only three months after Imperial Oil sold 497 Esso gas stations....

  • Oil canals in national preserve to be filled - 06/26/2016 (Login to read Full story) In the heyday of oil exploration on Louisiana's coast after World War II, companies dug about 10,000 miles of canals as straight as Kansas highways through a natural world that's unraveling today — due, in part, to those canals. Soon, about 16.5 miles of canals are to be filled in the Barataria Pre....

  • TAPS owners respond to rate challenges - 06/26/2016 (Login to read Full story) The owners of the trans-Alaska pipeline have responded to complaints from the state of Alaska and Anadarko Petroleum over revised rates for shipping oil through the pipeline. The owners had filed new rates in compliance with an order from the Federal Energy Regulatory Commission in a ruling over the....

  • BSEE funds submersible oil skimmer tests - 06/26/2016 (Login to read Full story) In a project funded by the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement, Albion Sciences and Technologies has been using BSEE's Ohmsett test tank to try out a prototype submersible skimmer for recovering spilled oil from ice infested waters. According to the lates....

  • Deal reached in methane pollution dispute - 06/26/2016 (Login to read Full story) The U.S. government has reached an agreement to end a dispute over greenhouse gas emissions from federal oil and gas leases in Montana with only modest changes to current practices. The deal was filed in federal court June 17 by attorneys for the Bureau of Land Management and three environmental gr....

  • Oregon officials want a hold on oil trains - 06/26/2016 (Login to read Full story) The fiery derailment of an oil train in Oregon's Columbia River Gorge has state transportation officials asking for a halt to the massive trains because of concerns their heavier weight could be putting extra strain on a certain type of bolt that fastens the rails to the tracks. The Oregon Departme....

  • Oil Patch Bits: Alaska Instrument Company - 06/26/2016 (Full story) Alaska Instrument Company is a process instrumentation manufacturer's representative established in 1968, serving all industrial markets within Alaska. AIC represents more than 30 manufacturers of pressure, temperature, level and flow instrumentation, leak sensing and human/machine interface softwar....

  • US rig count rises 10 in 3rd week of gains - 06/26/2016 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. rose by 10 the week ending June 17 to 424, marking the third-consecutive week the count has increased after a slide that lasted months and pushed the count to record-low levels amid depressed energy prices. A year ago, 857 rigs were ac....

  • Petroleum News also offers a News Bulletin Service.
    You must subscribe to this service to receive current News Bulletins.
    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • 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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