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Explorers 2011
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Last Updated:02/03/2012 18:41
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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access. |
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Taking Cosmopolitan (Full story)
Buccaneer Energy Ltd. is taking a stab at the Cosmopolitan prospect.
The Australian independent and BlueCrest Energy II, LP, a privately held energy company out of Fort Worth, Texas, announced Feb. 2 that they have purchased two leases at the offshore Cook Inlet prospect from Pioneer Natural Resourc....
‘One project, one review' (Full story)
The Canadian government will introduce measures “within months” to expedite regulatory reviews of major energy and mining projects, preventing a repetition of the prolonged Mackenzie Gas Project or MGP process and the current stonewalling by opponents of Enbridge's Northern Gateway pipeline.
Prime....
Different perspectives (Full story)
As Shell edges toward drilling in the Alaska Arctic outer continental shelf, or OCS, the stakes are high in the standoff between the proponents of offshore development and those who view the Arctic seas as an unduly risky venue for oil drilling at present.
But what are the perspectives of people on....
Extreme cold hinders North Slope winter exploration drilling (Full story)
Record breaking cold in northern Alaska has interfered with North Slope exploration programs, eating into the already short window of January to mid-April for winter drilling.
The majority of ice roads being constructed for this year's winter exploration season are in the western coastal region. Due....
Enstar acquired by AltaGas as part of $1.1B Semco purchase (Full story)
Enstar Natural Gas Co., Southcentral Alaska's natural gas distribution company, is on its way to becoming part of a Canadian energy infrastructure business, Calgary-based AltaGas Ltd.
AltaGas said Feb. 1 that it will pay more than $1.1 billion for natural gas businesses in Alaska and Michigan. Its....
Paskvan seeks limited scope to tax reform
Senate leaders made clear in a press conference Jan. 26 that Gov. Sean Parnell's HB 110, which passed the House last year, would not be the vehicle for reforming the state's oil production tax.
Instead, they said, the Senate Resources Committee will introduce a bill focusing on two key components o....
Tax bill in Senate Resources by Feb. 10
Two major tax issues — revisions to Alaska's Clear and Equitable Share or ACES and decoupling — are up for consideration in the Alaska Legislature this year.
Or perhaps continuing consideration would be a better term.
A decoupling bill, which would separate oil and natural gas for calculating the....
BLM defends its work on ‘legacy wells'
Officials with the U.S. Bureau of Land Management say the agency is monitoring environmental risk from old wells on federal land on Alaska's North Slope, and is updating plans for remediating the drill sites.
The comments come in response to an Alaska state legislator's charge that the BLM has negle....
Cracking down on fracking
The Canadian Association of Petroleum Producers, CAPP, is attempting to get one jump ahead of public opinion by introducing six new “operating practices” for its member companies to protect multi-stage fracturing wells, now viewed as the drilling technology that is most crucial to the industry's fut....
Linc postponing Umiat drilling
Linc Energy Inc. is postponing its drilling program at the Umiat prospect in northern Alaska this winter because of “logistical and weather issues,” according to the company.
Although previously reported in Petroleum News, the announcement is the first official acknowledgment from the company that i....
NordAq permitting Shadura appraisal well
In addition to a production test the company plans to run on a previously drilled well, NordAq Energy Inc. is permitting a second well at its onshore Shadura prospect on Alaska's Kenai Peninsula.
The Shadura appraisal well would be drilled from state land — lease ADL 391596 — into Cook Inlet Region....
Alaska utility asks legislators for help
A struggling electric power cooperative is looking to the Alaska Legislature for funding to continue its geothermal exploration program.
Officers of Naknek Electric Association on Jan. 27 testified before the House Resources Committee in Juneau, saying $3.2 million is needed right away to complete a....
The alternative options for Cook Inlet
Driven by potential energy shortages in Southcentral Alaska and encouraged by various state incentives, the energy scene in the Cook Inlet region has sparked into a newly invigorated life. And, although new exploration for natural gas has grabbed many of the headlines in this evolving situation, sev....
Buccaneer planning Kenai seismic
Buccaneer Alaska LLC is permitting a 3-D seismic campaign on the Kenai Peninsula.
The local subsidiary of the Australian independent Buccaneer Energy Ltd plans to shoot 30 square miles in and around the city of Kenai, in the vicinity of its Kenai Loop field.
Buccaneer plans to use a combination of s....
Crescent Point Energy marches on
Crescent Point Energy has taken another step toward claiming a dominant role in the Lower Shaunavon and Bakken resource oil plays of southern Saskatchewan — both of them Canadian extensions of the Williston basin in North Dakota and Montana.
Extending a series of takeovers of small oil producers, Cr.... |
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Many questions about Norwegian model
It's a fascinating debate. But could it be done?
Participants in a visit to Norway last year by legislators and other stakeholders in the Alaska oil and gas industry have been enthusing about Norway's oil and gas licensing system, a system that some say encourages higher levels of oil and gas invest....
ACMP hearing set; state still counting
The Alaska Legislature's House and Senate Judiciary committees will hold a joint hearing on a ballot initiative for re-establishing the state's coastal management program Feb. 6.
The state's program died last year when the House and Senate could not agree on a bill continuing the Alaska Coastal Man....
Agency starts consultation with Natives
In January, a small team of federal officials were to visit a handful of Alaska villages to discuss with local tribal leaders the proposed multibillion-dollar gas pipeline project — one government to another.
The meetings — or consultations, as they're called — stem from an 18-year-old presidential....
Draft EIS out for in-state gas pipeline
The U.S. Army Corps of Engineers has published the draft environmental impact statement, or DEIS, for the 737-mile Alaska Stand Alone Gas Pipeline, ASAP, project bringing Alaska North Slope natural gas to Fairbanks and Cook Inlet.
The project sponsor, the Alaska Gasline Development Corp., said the....
Kinder Morgan's ups and downs
It was one of those cringe-inducing moments. Just as the top brass at Kinder Morgan were regaling analysts with their grand plans for pipeline projects across North America to take advantage of the rush to drill for liquids in gas-prone regions and to fill a possible void if TransCanada's Keystone X....
Hilcorp temporarily using Kustatan tanks
Southcentral Alaska's cold winter has created a challenge for oil production in Cook Inlet, with ice conditions in the inlet restricting tankers from accessing the offloading terminal at Drift River.
As a result, the Alaska Oil and Gas Conservation Commission is allowing Hilcorp Alaska LLC to tempo....
State approves shrunken Qugruk
The Alaska Department of Natural Resources has approved a request by Repsol E&P USA Inc. to form the Qugruk unit on the North Slope, but in a significantly reduced form.
While Repsol originally proposed a 98,852-acre unit over 49 state leases, the state ultimately approved a 12,065-acre unit over si....
Kerttula concerned about in-state bill
A proposal intended to advance an in-state natural gas pipeline project goes too far in giving too much authority to the Alaska Gasline Development Corp., the leading House Democrat said Jan. 31.
Rep. Beth Kerttula, D-Juneau, said she has “terrible concerns” about HB9, which she said isn't the answ....
Arctic offshore NPDES permits out
The Environmental Protection Agency has published for public review draft wastewater general permits for oil and gas exploration activities in the Beaufort and Chukchi seas. The permits come under the National Pollutant Discharge System, or NPDES, and are designed to protect the marine environment a....
RCA postponing Polar LNG decision
The Regulatory Commission of Alaska is putting off its decision on a small North Slope natural gas pipeline for another month as it works through some issues on the case.
Polar LNG LLC is seeking certification to build and operate a pipeline from Flow Station 1 at the Prudhoe Bay unit to a pad in De....
Tundra travel allowed on eastern coast
The eastern coastal area of Alaska's North Slope opened for tundra travel Jan. 31.
The Department of Natural Resources' Division of Mining, Land and Water said soil temperatures and snow cover within the eastern coastal area met criteria for opening, which is six inches of snow and a soil temperatu....
How helpful is federal loan guarantee?
With Alaska politicians and oil company executives talking — again — about prospects for exporting liquefied North Slope natural gas, the question has arisen — again — whether the federal loan guarantee could be used for such a project.
The short answer is no, not for a project that “ships gas exclu....
Oil Patch Bits: Baker Hughes receives IADC competence accreditation
Baker Hughes said Jan. 19 that it is the first integrated oilfield service company to receive full accreditation of its Competence Management Program from the International Association of Drilling Contractors.
IADC's system for accrediting competency assurance programs reviews and confirms that a c....
Oil Patch Bits: Crowley and subsidiary relocating to new facility
Crowley Maritime Corp. said Jan. 27 that to better serve its customers, its Miami-based liner services and logistics personnel, along with those from subsidiary Customized Brokers, are relocating to a new office and warehouse in the heart of the Miami import-export community at 10205 NW 108 Avenue,....
Oil Patch Bits: Doyon Emerald wins top honors in communications
Doyon Emerald, a full-service engineering and consulting firm, said Jan. 27 that it was recognized for its marketing communications efforts by the Public Relations Society of America, PRSA, Alaska Chapter at their annual Aurora Awards Banquet held on Jan. 26. Doyon Emerald, along with Solstice Adver.... |
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Petroleum News
ANNOUNCEMENTS
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The Alaska World Affairs Council Presents
Lou Pugliaresi
President of Energy Policy Research Foundation
"The Coming Renaissance in North American Oil and Gas"
Friday, 20th April, 2012
Hilton Hotel,Anchorage
Register
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