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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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ANS hovers near $90
- 04/14/2024 (Login to read Full story)
Alaska North Slope crude and Brent crude both jumped back into the $90s April 10 as traders contemplated the specter of a direct confrontation between Iran and Israel.
ANS lifted 96 cents to close at $90.57 per barrel, while West Texas Intermediate jumped 98 cents to close at $86.21 and Brent jumped....
APA: Lagniappe update - 04/14/2024 (Login to read Full story)
asked for an update on the eastern North Slope drilling program operated by Bill Armstrong's Lagniappe Alaska, Alex Franceschi, a spokesperson for APA Corp.'s Apache Corp., sent Petroleum News the following statement on April 8: "The three rig drilling operation is ongoing and we have no results to....
Cook Inlet bills move
- 04/14/2024 (Login to read Full story)
Three bills designed to encourage natural gas exploration and development in the Cook Inlet basin have been passed from the House Resources Committee to the House Finance Committee for review. And on April 4 House Finance listened to presentations on the bills. The bills consist of House Bill 257, t....
Oil patch insider: Jade, DNR meet on Sourdough;
Pt Thomson producing into storage - 04/14/2024 (Full story)
The eastern North Slope Sourdough development is still on hold, with operator Jade Energy unwilling to spend more than the $20 million its already invested in the project until it can convince Alaska Department of Natural Resources officials to reverse their decision that put the acreage in default.....
Drought poses problem for water-intensive Canadian gas industry - 04/14/2024 (Login to read Full story)
Unless there is a sudden change in weather patterns, persistent drought conditions pose a big challenge for the natural gas sector in Western Canada says a report by Deloitte Canada.
The report, made public in early April, says the potential water shortage is a key risk facing gas producers in 2024.....
POD: Hilcorp continues to look at drilling into NTBU from Monopod - 04/14/2024 (Login to read Full story)
Hilcorp Alaska has been trying to reach gas reserves in the North Trading Bay unit by sidetracking wells from the Monopod in the Trading Bay unit, but so far without success.
In the company's 2024 plan of development for North Trading Bay, submitted April 1 to the Alaska Department of Natural Resou....
Nuclear option resurfaces in Alberta
- 04/14/2024 (Login to read Full story)
For the umpteenth time Alberta is hoping to utilize nuclear power -- a target that Premier Danielle Smith says is still about a decade away despite frequent moves by government and industry in the direction of deploying the province's first small modular reactor, SMR.
"Our industry is anticipating....
Baker Hughes US rig count down 1 to 620
- 04/14/2024 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 620 the week ending April 5, down by one rig from 621 the previous week, and down by 133 from 151 a year ago, following a drop of three rigs last week. The rig count was down in five and up in three of the last eight weeks, with a loss of 18 again.... |
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State issues proposed carbon offsets regs
- 04/14/2024 (Login to read Full story)
The Alaska Department of Natural Resources has a draft out for public comment of regulations for a portion of its carbon offset program.
In a March 28 press release, DNR said the regulations stem from Senate Bill 48, enacted last year. That bill created two pathways for developing carbon storage pr....
February Cook Inlet gas volumes down 4.7%
- 04/14/2024 (Login to read Full story)
Cook Inlet natural gas volumes averaged 206,568 thousand cubic feet per day in February, down 10,117 mcf per day, 4.7%, from a January average of 216,684 mcf per day and down 7.1% from a February 2023 average of 224,618 mcf per day.
Volumes are calculated from Alaska Oil and Gas Conservation Commis....
This month inn history: Commission conditionally OKs gas sales agreement - 04/14/2024 (Login to read Full story)
Editor's note: This story first appeared in the April 11, 2004, issue of Petroleum News.
The Regulatory Commission of Alaska has conditionally approved a gas sales agreement between Enstar Natural Gas Co. and NorthStar Energy Group Inc. that will bring natural gas to Homer at the southern end of the....
Sidebar: 20 years ago this month: Commissioner disagrees with RCA decision
- 04/14/2024 (Login to read Full story)
Commissioner Kate Giard of the Regulatory Commission of Alaska disagrees with the decision of the majority of the commission's members to approve the gas sales agreement between Enstar and NorthStar Energy Group for natural gas from the North Fork field proposed for delivery to Homer.
That sales ag....
Division issues call for new information
- 04/14/2024 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has issued a call for new information for areawide oil and gas lease sales in the Beaufort Sea, North Slope and North Slope Foothills. The next sales, the division said, are planned for the second half of the year.
The division iss....
EIA: US production continues to grow
- 04/14/2024 (Login to read Full story)
Domestic crude oil production continues to grow, the U.S. Energy Information Administration said in its April Short-Term Energy Outlook, released April 9. In 2023, U.S. crude production averaged 12.9 million barrels per day and is forecast to increase to 13.2 million bpd this year and to 13.7 millio....
Oil patch bits: Lynden delivers rush shipments to rebuild school lost in Maui fire - 04/14/2024 (Login to read Full story)
As reported by Lynden News April 2, Maui continues to rebuild after last year's devastating wildfires. Lynden Logistics assisted in the recovery by coordinating two priority shipments of fragile electrical panels from Washington to the island to rebuild a school there. "We had them crated and flown.... |
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