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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.
  • Demand supports ANS - 03/17/2024 (Login to read Full story) Oil futures leapt some 3% March 13 as the U.S. Energy Information Administration reported a drawdown of U.S. crude reserves and gasoline reserves. West Texas Intermediate crude lofted $2.16, or 2.8% March 13 to close at $79.72 per barrel and Brent leapt $2.11 or 2.6% to close at $84.03. (See chart....

  • A bill for clean energy - 03/17/2024 (Login to read Full story) During its March 7 meeting the Alaska House Resources Committee gathered comments from Alaska Railbelt electric utilities on House Bill 368, a bill designed to enact a clean energy standard for the generation of electricity in the Alaska Railbelt. Officials from utilities Homer Electric Association,....

  • Inlet's energy dilemma - 03/17/2024 (Login to read Full story) Cook Inlet natural gas provides the fuel for most Southcentral heat and power, but it's in short supply, with the supply getting shorter. Is there more gas in the Cook Inlet basin? Absolutely, members of the Alaska House Resources Committee were told in a March 4 presentation by Trevor Jepsen and....

  • Hickory-1 well operations have begun on Alaska's North Slope - 03/17/2024 (Login to read Full story) On March 11, Australia-based 88 Energy Ltd. released an ASX announcement, saying Hickory-1 well operations have commenced, with well bore preparations complete and perforation of the Upper SFS zone to begin ahead of perforating, fracking and flow testing the Upper SFS zone. Hickory-1 was drilled but....

  • Hilcorp applies to expand Milne Point unit; new drilling planned - 03/17/2024 (Full story) As Hilcorp Alaska continues to expand production from its North Slope Milne Point unit it is now looking at acreage it holds adjoining the unit and has applied to the Alaska Department of Natural Resources' Division of Oil and Gas to expand the Milne Point unit by some 13,275 acres. A map accompany....

  • Bill for Railbelt transmission changes could improve usage - 03/17/2024 (Login to read Full story) On March 4 the Alaska Senate Resources Committee heard testimony on Senate Bill 217, a bill introduced by Gov. Mike Dunleavy to change the way in which the electricity transmission system in the Alaska Railbelt is managed and funded. An identical bill, House Bill 307, has been introduced to the Hous....

  • North Fork unit POD approved with mods - 03/17/2024 (Login to read Full story) On March 5, the Alaska Department of Natural Resources' Division of Oil and Gas approved with modifications the North Fork unit 2024 plan of development. The POD was filed by unit operator Vision Operating LLC, a fully owned subsidiary of Gardes Holdings Inc. The North Fork unit, or NFU, is on the....


  • AOGCC fines Hilcorp for DIU violations - 03/17/2024 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has fined Hilcorp Alaska, the Duck Island unit operator, $55,000 for failure to provide the commission with advance notice of monthly meter proves and for failure to submit monthly meter prove results within seven days. Both were conditions of a 2022 ap....

  • Division approves Hilcorp's Kenai seismic - 03/17/2024 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved an application from Hilcorp Alaska for its Southern Kenai Transition Zone seismic program. This is the second seismic program Hilcorp has planned on the Kenai Peninsula. In February the division approved the company's....

  • EIA forecasts growing US crude production - 03/17/2024 (Login to read Full story) U.S. crude oil production set a record in 2023 and is forecast to continue growing this year and next, the U.S. Energy Information Administration said in its March EIA Short-Term Energy Outlook, released March 12. EIA said both 2024 and 2025 are expected to exceed the U.S. production record set in....

  • Baker Hughes US rig down by 7 to 622 - 03/17/2024 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was 622 for the week ending March 8, down by seven rigs from 629 the previous week, and down by 124 from 746 a year ago. The rig count increased in five of the last eight weeks and decreased in three, with a gain of 14 against a loss of 11 over the pe....

  • This month in history: Cook Inlet natural gas supply goes short - 03/17/2024 (Login to read Full story) Editor's note: This story first appeared in the March 14, 2004, issue of Petroleum News. The fertilizer plant on the Kenai Peninsula south of Anchorage, Alaska, was built to take advantage of a stranded gas situation, as was the liquefied natural gas plant next door: big gas discoveries had been ma....

  • This month in history: Phase 2 of Alpine capacity expansion approved - 03/17/2024 (Login to read Full story) ConocoPhillips and Anadarko Petroleum Corp. said March 3, 2004, that they will increase oil production capacity at the Alpine field on Alaska's North Slope to 140,000 barrels of oil per day (gross). The field, which started production in November 2000, currently produces some 100,000 bpd. The compa....

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  • First well to target central reservoir area 10/19/2023
  • Armstrong's Lagniappe moves on South Badami exploration program 03/30/2023
  • DNR commissioner issues proposed decision on Pikka pipeline 09/06/2022
  • ConocoPhillips, ExxonMobil, Chevron interested in Pikka? 05/23/2022
  • Fiord West produces first oil, 10,000 bpd 05/20/2022

    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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