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Pioneer touts Nuna (Full story)
Pioneer Natural Resources Alaska Inc. is announcing a 50 million barrel discovery at its budding Nuna development based on exploration drilling completed this past winter.
The Nuna No. 1 well tested at an initial production rate of 2,000 barrels of oil per day, the Texas-based independent said durin....
Oil, gas from old assets (Full story)
Hilcorp Alaska is focused on finding and producing more oil and natural gas from legacy Cook Inlet assets. It acquired Chevron's Cook Inlet assets last year and is in the process of acquiring Marathon Oil's inlet assets.
Producing from old wells and fields is the company's strength, John Barnes, Hi....
China ready to wait (Full story)
China's stable of state-owned energy companies has invested about C$20 billion in Canada's oil sands and shale gas assets — proof positive that Beijing is ready to ride out a stormy passage for pipelines from Alberta, across British Columbia to ship production across the Pacific, says Zhang Junsai,....
NordAq plans two wells at Tiger Eye on west side of Cook Inlet (Full story)
NordAq Energy Inc., the small independent that has been quietly pursuing a program of oil and gas exploration in Alaska's Cook Inlet basin for the past couple of years or so, says that it now plans to drill two exploration wells in its Tiger Eye prospects onshore the west side of the inlet. The well....
Imperial, Exxon eye LNG for BC Horn River shale gas development (Full story)
Imperial Oil and ExxonMobil Canada, the Canadian surrogates of ExxonMobil, are taking baby steps towards exporting LNG from their stranded natural gas reserves in British Columbia.
Their key joint holding covers 340,000 acres of shale gas properties in the Horn River basin of northeastern British Co....
Parnell defends tax plan, promotes LNG
For Gov. Sean Parnell, simple economics dictate that lower oil production taxes will make more North Slope projects profitable. It's also clear that declining oil production is not okay, putting at risk thousands of direct and indirect jobs.
Parnell has made tax reform a top priority but has struggl....
TransCanada terminates 1st open season
TransCanada Alaska filed a notice with the Federal Energy Regulatory Commission May 3 terminating its first binding open season.
The open season for the Alaska Pipeline Project, APP, began April 30, 2010, and ended July 30, 2010.
APP is the project licensed to TransCanada in late 2008 by the State....
Murkowski endorses NOAA relocation
Alaska Sen. Lisa Murkowski says she sees “real merit” in the Obama administration's proposal to move the National Oceanic and Atmospheric Administration from the Commerce Department into the Interior Department.
Murkowski, a Republican, explained her view on the matter in a recent op-ed column publi....
HEA moving ahead with system upgrades
Connected to the rest of the Alaska Railbelt electrical grid by a single intertie and with its power supply contract with Chugach Electric Association due to terminate at the end of 2013, Homer Electric Association, or HEA, the main power utility on the Kenai Peninsula, has been moving ahead with it....
DNR upholds rejection of Cohoe unit
Since July 2010 Cook Inlet independent Aurora Gas has been trying to persuade the State of Alaska to combine a couple of state leases near the community of Kasilof on the Kenai Peninsula with an adjoining Cook Inlet Region Inc. lease to form the Cohoe unit. The state leases had been due to expire in....
Nikolaevsk next up for natural gas
The tiny village of Nikolaevsk could soon become the second community in the southern Kenai Peninsula to be added to the Southcentral natural gas distribution grid.
The Armstrong Oil & Gas Inc. subsidiary Anchor Point Energy LLC recently asked state regulators to approve an agreement with Enstar Nat....
Interior requires chemicals disclosure
The Obama administration said May 4 it will for the first time require companies drilling for oil and natural gas on public and Indian lands to publicly disclose chemicals used in hydraulic fracturing operations.
The proposed “fracking” rules also set standards for proper construction of wells and....
EIA forecasts lower WTI crude oil prices
Crude oil prices are dropping and U.S. crude oil production is rising, the U.S. Energy Information Administration said in its May short-term energy forecast, released May 8.
EIA is now forecasting a $110 per barrel U.S. refiner acquisition cost this year, down $2.50 per barrel from the April outloo....
US oil, gas rig count up by 20 to 1,965
The number of rigs actively exploring for oil and natural gas in the U.S. was up 20 the week ending May 4 to 1,965.
Houston-based oilfield services company Baker Hughes Inc. reported that 1,355 rigs were exploring for oil and 606 were looking for gas. Four were listed as miscellaneous. A year ago t.... |
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Touting Alaska gas in nation's capital
Dan Sullivan, Alaska's natural resources commissioner, recently lit out for Washington, D.C., with a 22-page presentation under his arm titled, “Alaska Gas Opportunities.”
By the time his weeklong visit was over, the report was marked up and dog-eared from showing it over and over to senior Obama ad....
State, BP heading into arbitration
The state and BP are about to begin arbitration proceedings over the 2006 pipeline leaks in the Prudhoe Bay oil field.
The stakes are high, with potentially hundreds of millions of dollars on the line.
The arbitration stems from a civil suit the state filed against BP Exploration (Alaska) Inc. in Ma....
FNG gets Cook Inlet supply extension
Fairbanks Natural Gas LLC recently extended its Cook Inlet supply contract by one year.
The extension now gives the Fairbanks gas distribution utility until May 31, 2014, to switch its supply source to the North Slope, the company recently told regulators.
In March, the Regulatory Commission of Ala....
Great Bear's Duncan: ‘In it together'
Hours before Gov. Sean Parnell abruptly withdrew his revised production tax bill from consideration by a special session of the Alaska Legislature because of lack of support in the Senate, Great Bear Petroleum's top executive, Ed Duncan, addressed the Senate Resources committee, in testimony that wa....
ConocoPhillips still planning for CD-5
It has been four or five months since the Corps of Engineers approved the Colville River crossing that ConocoPhillips needs for its CD-5 oil field development in the northeastern corner of the National Petroleum Reserve-Alaska, and the company is progressing its planning for the project, with the ob....
Shell asks court to declare IHAs valid (Full story)
In the latest of a series of court actions designed to pre-empt last minute litigation against its planned Arctic outer continental shelf drilling this year, Shell has filed a petition with the federal District Court in Alaska, asking the court to rule that the National Marine Fisheries Service prop....
AEDC releases annual resource forecast
On May 2, the Anchorage Economic Development Corp. held its annual event celebrating the release of its latest resource extraction projection report at the Downtown Marriott Hotel.
Sponsored by Northrim Bank, the 2012 AEDC Resource Extraction 10-Year Project Projection focused on the oil, gas and mi....
Study says US LNG exports feasible
A year-long study by the Brookings Institution, a non-partisan public policy organization, has found that the export of at least some LNG from the United States is likely to be both feasible and in the country's best interests. The study, which focused on the export of LNG from the Lower 48 states r....
Distributing North Slope gas challenging
Fairbanks: the cost of getting warm
Fairbanks North Star Borough residents currently are out in the cold when it comes to low-cost energy to heat their homes, stores and office buildings.
Mostly they burn fuel oil to generate heat, with the price chained to today's high oil prices — the highest wint....
Red Wolf exploration well comes up dry
The Red Wolf No. 2 exploration well in the eastern North Slope's Badami unit was “a dry hole,” operator Savant Alaska's president told Petroleum News May 8.
“The well was a dry hole. … our target zone was wet (contained water),” Greg Vigil said.
Red Wolf No. 2 targeted the Kekiktuk formation, which....
Great Bear divides North Slope holdings
Great Bear Petroleum LLC formed a number of affiliates earlier this year to manage its massive North Slope land holdings, according to recent state leasing reports.
The Alaska independent transferred complete working interest and sizable royalty interests — between 83 and 87 percent — in its North S....
Oil Patch Bits: ASCE invites participants to the 2012 symposium
The ASCE said April 25 that it is requesting a call for papers for the upcoming 10th International Symposium on Cold Regions Development in Anchorage, Alaska, June 2-5, 2013.
The Technical Council on Cold Regions Engineering of the American Society of Civil Engineers and the Alaska Section of ASCE w....
Oil Patch Bits: Harvey Gulf and Shell Vessel winner tours New Orleans
Shell said April 18 that Rita Ramoth, winner of the Harvey Gulf International Marine and Shell Vessel naming competition, was accompanied by her Aunt Janet Mitchell and Shell Communications Specialist Michelle Malerich for a three day trip to New Orleans including a tour of the city and of the vesse....
NWT sees LNG as option
The Northwest Territories government is open to supporting an LNG export project to develop Canada's stranded Arctic gas resources, said NWT Industry Minister David Ramsay.
He said that although his government prefers to build a pipeline down the Mackenzie River Valley to southern markets, LNG is no.... |
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