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Spudding Cosmo (Full story)
Buccaneer Energy Ltd. has spud a well at Cosmopolitan, but the company is asking the state for additional time to complete its larger work program at the Cook Inlet prospect.
A local subsidiary of the Australian independent started drilling the Cosmopolitan No. 1 exploration well off the coast of An....
Point Thomson progress (Full story)
ExxonMobil is starting to make real strides on its Point Thomson development on Alaska's North Slope.
Construction contractors for the oil giant have been focusing on two project components — the central pad, and the pipeline that will tie the field into the existing North Slope oil transportation n....
Win stuns BC pollsters (Full story)
British Columbia Premier Christy Clark and the voters of her province sent the political pollsters and pundits packing May 14 in an election that has variously been called the Comeback of the Century or the Turnaround of the Ages.
Those who might have anticipated waking up on May 15 to a new governm....
Conoco: Shark Tooth by late '15 KRU drill site follows '12 well (Full story)
ConocoPhillips Alaska Inc. expects to bring its Shark Tooth satellite online by late 2015.
The most prolific oil company in the state is permitting a 24-well drilling pad, an access road and a gravel mine, as well as associated pipelines and power lines, at the oil field in the southwest corner of i....
NWT launches Valdez trial balloon for moving Canadian oil to Asia (Full story)
Northwest Territories Industry Minister David Ramsay has reopened debate on an option for moving crude from the Alberta oil sands and Canadian Arctic to Asia by way of Valdez.
He told Petroleum News he is in the early stages of exploring the possibility with political leaders in Alberta, the Yukon a....
Chenault: Legislative session successful
House Speaker Mike Chenault's resource development priority is about to become a reality. The in-state natural gas pipeline project he and colleague Rep. Mike Hawker pushed is ready for Gov. Sean Parnell's signature.
House Bill 4 empowers the Alaska Gasline Development Corp. to move forward to an op....
Alberta grows reserves, looks for payoff
Fueled by growth in situ development and production in its oil sands, Alberta posted a 14 percent rise in conventional oil production in 2012, a 10 percent jump in crude bitumen output and a 9.5 percent increase in reserves, intensifying the challenge of how to get those volumes to market.
In its an....
Brent to average $104 in 2nd half
The U.S. Department of Energy's Energy Information Administration is projecting the Brent crude oil spot price to average $104 per barrel for the second half of the year and $101 per barrel in 2014. After increasing to $119 per barrel in early February, the Brent crude oil spot price fell to $97 per....
Canada locks horns with Europe
Canada's Natural Resources Minister Joe Oliver, in waging an almost single-handed crusade, threatened a trans-Atlantic trade scrap over the oil sands before partially backing down.
Taking a break from his seemingly endless visits to the United States to argue for Keystone XL, he tackled the European....
F&W assesses Apache seismic survey plan
As part of a major program of 3-D seismic surveying in Alaska's Cook Inlet basin, Apache Alaska plans to conduct an on-land survey in about 142,000 acres of the northern Kenai Peninsula, where the company wants to seek exploration drilling targets in subsurface land owned by Cook Inlet Region Inc.,....
Coast Guard preparing for Arctic summer
Although federal budget cuts, known as sequestration, are impacting U.S. Coast Guard operations, the Coast Guard will continue its program of Arctic activities during this year's open water season, Lt. Veronica Colbath, Coast Guard external affairs officer, told Petroleum News May 9.
The Coast Guar....
USGS obtains Gulf gas hydrate data
As part of a multiyear program of gas hydrate research in the Gulf of Mexico being conducted by the U.S. Geological Survey, the Bureau of Ocean Energy Management and the U.S. Department of Energy, USGS researchers have obtained high-resolution seismic data and images of some known gas hydrate deposi....
India wants Canadian barriers lowered
Over the past five years China's national oil companies have invested C$33.3 billion in Canada's oil and gas sector, about 43 percent of the C$77 billion in deals initiated by foreign buyers.
But of the 15 countries involved in M&A transactions there has been one notable absentee — India.
The subco.... |
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Northstar: 3 million barrels in 2012
The Northstar oil field, operating from an artificial island in Alaska's Beaufort Sea, produced a total of 3 million barrels of oil in 2012, with an average daily oil production rate of 8,300 barrels, according to the Northstar unit 10th plan of development, submitted by field operator BP to the Ala....
President issues U.S. Arctic strategy
In what appears to be a signal of increased national awareness of the United States' role as an Arctic nation, President Obama has issued a “National Strategy for the Arctic Region,” a document that sets out high-level priorities for federal government actions relating to the Arctic.
“The Arctic is....
State approves lease deals in April
The Alaska Department of Natural Resources approved a number of lease deals in April.
On the North Slope, Repsol E&P USA Inc. transferred a 7.5 percent working interest and 6.25 percent royalty interest in 31 North Slope leases to partner GMT Exploration Co.
William D. Armstrong requested transferr....
Interior plays spar on service areas
The battle over bringing liquefied natural gas to the Interior is getting testy.
In an increasingly complicated tangle arising from longstanding disputes, three entities competing to market North Slope natural gas supplies are accusing one another of being unfit to serve a less-densely populated sec....
USCG holding hearing on Kulluk grounding
As part of its investigation into the grounding of the Kulluk, Shell's Arctic floating drilling platform, the U.S. Coast Guard is holding a hearing in Anchorage to gather testimony on the circumstances surrounding the incident. The Kulluk ran aground in the northern Gulf of Alaska during a severe st....
Coast Guard, BSEE sign offshore agreement
The U.S. Coast Guard and the Bureau of Safety and Environmental Enforcement, or BSEE, have signed an agreement to better coordinate their efforts in the oversight of safety and environmental protection on the U.S. outer continental shelf. The two agencies have overlapping responsibilities in that th....
BSEE issues safety culture policy statement
The Bureau of Safety and Environmental Enforcement, or BSEE, has issued a final version of its safety culture policy statement for offshore oil and gas operations. Rather than being a prescriptive set of mandatory requirements for businesses working in the offshore, the policy presents guidance in t....
What's going on in the southern Kenai?
The State of Alaska's Cook Inlet areawide lease sale on May 8 saw companies picking up a series of leases along a fairway of land in the southern Kenai Peninsula, north of Kachemak Bay, near the eastern margin of the Cook Inlet basin. Hilcorp Alaska in particular filled in a lease position that it h....
Meteorological stations planned on Slope
The National Oceanic and Atmospheric Administration plans to establish three small meteorological stations on Alaska's North Slope as part of a climate change study.
Each station will have a 10-foot aluminum tripod tower, said a May 7 public notice from the Alaska Department of Natural Resources. So....
Exxon spill council funds tsunami cleanup
The Exxon Valdez Oil Spill Trustee Council has authorized nearly half a million dollars for cleanup of Japanese tsunami debris littering Alaska beaches.
The money will go to a nonprofit organization, Gulf of Alaska Keeper, which has worked for several years to gather and dispose of ocean trash washi....
Oil Patch Bits: Experienced oil and gas lawyer joins Stoel Rives
Stoel Rives LLP, a leading U.S. business law firm, said May 6 that it is pleased to announce that Tina Grovier has joined its Anchorage office as a partner in the firm's Environment, Land Use and Natural Resources group. Grovier is recognized as a leading oil, gas and mining lawyer. During her 15-ye....
Oil Patch Bits: Crowley enters liquefied natural gas market
Crowley Maritime Corp.'s petroleum services group said May 8 that it is entering the liquefied natural gas market by acquiring Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U.S. Department of Energy....
Oil Patch Bits: ASRC responds to BLM strategic cleanup plan
ASRC said May 9 that it is pleased that the longstanding need for the cleanup of the U.S. Navy exploration program on the North Slope continues to be addressed by the Bureau of Land Management.
The 2013 Strategic Plan carries a significant work commitment by the BLM. All North Slope residents will.... |
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