Narwhal appeals
- 03/24/2024 (Login to read Full story)
On March 4, independent Narwhal LLC filed an appeal in Alaska Superior Court against the state of Alaska, Department of Natural Resources, alleging DNR Commissioner John Boyle "acted in violation of Alaska law by failing to find Shell Offshore Inc. in default of the current Plan of Exploration for t....
ANS hits upper $80s
- 03/24/2024 (Full story)
Alaska North Slope crude took a dive into uncertain waters March 20 shedding $1.03 to close at $85.55 per barrel, as an ambiguous Fed became coy over its plans for benchmark interest rates as American consumers remained resilient in the face of higher prices.
ANS held its toehold in the upper $80s....
Railbelt renewables?
- 03/24/2024 (Login to read Full story)
The National Renewable Energy Laboratory has published a report evaluating potential costs associated with the expanded use of renewable energy for power generation in the Alaska Railbelt. The report indicates that a significant increase in the use of renewable energy, in particular wind power, coul....
ANS production down 0.6% from fall in Spring Revenue forecast - 03/24/2024 (Login to read Full story)
The Alaska North Slope oil price forecast in the Spring 2024 Revenue Forecast, released March 13, is up $1.69 per barrel for the current 2024 fiscal year from the fall forecast and up $2 per barrel for fiscal year 2025, Commissioner of Revenue Adam Crum said in introducing the forecast, while the AN....
Keithley: Importing LNG would stimulate inlet gas production
- 03/24/2024 (Login to read Full story)
Why isn't more Cook Inlet natural gas being found and produced?
Because the economics don't support it at present prices, Brad Keithley told the House Resources Committee March 15.
He said if the market is allowed to set the price, more natural gas will be brought to market while current prices on.... |
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Grassroots wells OK'd at 2 inlet gas fields, Beluga, Cannery Loop - 03/24/2024 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has approved applications from Hilcorp Alaska for grassroots wells at two Cook Inlet gas fields, Beluga River and Cannery Loop. Beluga River, among the inlet's largest gas fields, is on the west side and Cannery Loop, one of the sma....
This month in history: ConocoPhillips dominates Alaska exploration - 03/24/2024 (Login to read Full story)
Editor's note: This story first appeared in the March 21, 2004, issue of Petroleum News.
ConocoPhillips Alaska plans as many as four exploration wells on Alaska's North Slope this winter, 2003-04. Three wells have spud -- Carbon and Scout No. 1 in the National Petroleum Reserve-Alaska -- and Placer....
Baker Hughes US rig up by 7 to 629 - 03/24/2024 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 629 for the week ending March 15, up by seven rigs from 622 the previous week, and down by 125 from 754 a year ago, reversing after a drop of seven last week. The rig count increased in five of the last eight weeks and decreased in three, with a g....
Oil patch bits: Calista board of directors appoints unit 6 interim director - 03/24/2024 (Login to read Full story)
As reported by Calista Corp. News March 4, the Calista board of directors has appointed Chris Kolerok as the unit 6 interim director.
Kolerok is a Calista shareholder with ties to Mekoryuk. He graduated from the University of Alaska Anchorage with a bachelor's degree in economics and received a mast.... |