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Week of December 16, 2018

  • Increasing investment - 12/16/2018  ConocoPhillips anticipates upping its capital expenditure in Alaska to around $1.2 billion in 2018, the company has announced. This figure, amounting to about 20 percent of the company's planned worldwide expenditure, compares with an expected capital expenditure level of $900 million, excluding acq....

  • Challenge dismissed - 12/16/2018  The federal District Court in Alaska has rejected two appeals challenging the legality of recent Bureau of Land Management oil and gas lease sales for the National Petroleum Reserve-Alaska. In a Dec. 6 court order Judge Sharon Gleason upheld a motion by BLM and ConocoPhillips Alaska to dismiss the a....

  • Battling the odds - 12/16/2018  Support is quietly gathering momentum among indigenous communities in British Columbia and Alberta for a First Nations-led pipeline project to move crude bitumen from the oil sands to an export terminal in the northern B.C. coast, but formidable obstacles have yet to be cleared. Calvin Helin, presid....

  • BLM NPR-A sale brings in $1.5 million; 3 bidders take 16 tracts - 12/16/2018  The federal Bureau of Land Management received 16 bids on 174,044 acres from three bidders at its Dec. 12 National Petroleum Reserve-Alaska lease sale, taking in $1,533,705 in apparent high bids. Three current leaseholders, ConocoPhillips Alaska Inc., Emerald House LLC (Elixir Petroleum) and Nordaq....

  • New WOTUS definition clarifies waterbodies requiring CWA permits - 12/16/2018  The U.S. Environmental Protection Agency and the Department of the Army have published a proposed new specification of the waters of the United States, a specification that they say will bring clarity to what waterbodies are subject to federal regulation under the terms of the Clean Water Act. The n....

  • Oil price holds following OPEC's commitment to production drop - 12/16/2018  Oil prices have remained somewhat level following a decision by the Organization of the Petroleum Exporting Countries to cut oil production rates. During OPEC's conference on Dec. 7 OPEC and some non-OPEC countries, in particular Russia, agreed to cut production by 1.2 million barrels per day, in vi....

  • State approves 2nd CD-5 expansion; ConocoPhillips plans 10 new wells - 12/16/2018  Alaska's Division of Oil and Gas has approved a request by ConocoPhillips for authorization to drill up to 10 new wells from the CD-5 pad, in the northeastern National Petroleum Reserve-Alaska. The so-called CD5X2 project, the second expansion at CD-5, will enable the continued development of the Al....

  • Brent drops $16 from October to November - 12/16/2018  Crude oil production was up and oil prices were down in November, the U.S. Energy Information Administration said in its December Short-Term Energy Outlook, released Dec. 11. “The December outlook reports that U.S. crude oil production increased between October and November, following the resumptio....

  • Hilcorp contractor employee dies in accident - 12/16/2018  An employee working for Hilcorp contractor Kuukpik Drilling died in an accident in the Milne Point unit on the North Slope on Dec. 7, Hilcorp has confirmed. No information has been released regarding the circumstances and cause of the accident. “With deep regret, Hilcorp Alaska confirms that an empl....

  • National drilling rig count down 1 at 1,075 - 12/16/2018  The number of rigs drilling for oil and natural gas in the U.S. was down up by one Dec. 7 to 1,075. At this time last year there were 931 active rigs. Houston oilfield services company Baker Hughes reported that 877 rigs targeted oil (down 10 from the previous week) and 198 targeted natural gas (up....

  • Mexico starts ‘rescue' with refinery overhaul - 12/16/2018  Mexico's new government detailed plans Dec. 9 to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador and to renovate six others as the oil-producing country attempts to lower its dependence on imported fuel. Speaking from the Dos Bocas port in the Gulf Coast....


  • Comment period extended for Beaufort EIS - 12/16/2018  The federal Bureau of Ocean Energy Management has extended the public scoping period for the upcoming environmental impact statement for the proposed 2019 Beaufort Sea oil and gas lease sale. BOEM said due to disruptions caused by the Nov. 30 Anchorage area earthquake, the comment period, formerly....

  • BC makes leap forward - 12/16/2018  The socialist New Democratic Party government of British Columbia is targeting a 40 percent reduction in greenhouse gas emissions by 2030 over 2007 levels by aggressively targeting the oil and gas industry, transportation and housing. While setting its sights squarely on the fossil fuel sector, aimi....

  • Anderson with AEA, not AIDEA - 12/16/2018  A story in the Dec. 9 issue of Petroleum News about appointments to Gov. Mike Dunleavy’s administration incorrectly described a position previously held by Commissioner of the Department of Commerce and Economic Development designee Julie Anderson. Anderson was previously stakeholder manager for the....

  • RCA approves Kuparuk Pipeline transfer - 12/16/2018  The Regulatory Commission of Alaska has approved the transfer of BP Transportation (Alaska)’s interest in the Kuparuk Transportation Co. to the Kuparuk Pipeline Co. The KTC ownership has been KPC 57 percent, BPTA 38 percent and Unocal Pipeline Co. 5 percent. KTC is wholly owned by ConocoPhillips. T....

  • Tariff from Alpine drops based on volume - 12/16/2018  The Alpine Transportation Co. has filed a revised tariff rate with the Regulatory Commission of Alaska which drops the rate for transporting crude oil from the Alpine field to the Kuparuk River field from 67 cents per barrel to 41 cents per barrel. A Dec. 5 tariff filing also included an initial rat....

  • Largest continuous oil assessment by USGS - 12/16/2018  The U.S. Geological Survey has announced its largest ever assessment of undiscovered, technically recoverable, unconventional oil resources. The agency has estimated that the Wolfcamp shale and Bone Spring formation in the Delaware basin portion of the Permian basin in Texas and New Mexico contain a....

  • Oil sector boosts NM government fortunes - 12/16/2018  New Mexico state economists on Dec. 10 affirmed forecasts for a major financial windfall to state government linked to a booming oil sector despite recent fluctuations in energy prices, as the governor’s office passes from Republican to Democratic control. Democratic Gov.-elect Michelle Lujan Grish....

  • Only mechanical recovery for VMT plan - 12/16/2018  Alyeska Pipeline Service Co. has filed a revised version of the oil spill prevention and contingency plan for the Valdez Marine Terminal with the Alaska Department of Environmental Conservation for state approval. The revisions include the removal of spill response tactics that include the use of oi....

  • 3-year hiatus on oil auctions promised - 12/16/2018  Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded. President Andres Manuel Lopez Obrador says he wants more investment from private firms that have been awarded concessionary exploration....

  • Splits deepening at UN climate talks - 12/16/2018  Divisions deepened at the U.N. climate talks Dec. 6, pitting rich nations against poor ones, oil exporters against vulnerable island nations, and those governments prepared to act on global warming against those who want to wait and see. The stakes were raised by a scientific report that warned achi....

  • Oil Patch Bits: Basil Gerard Stewart (1957-2018) - 12/16/2018  Basil Gerard Stewart has left us way to soon because Heaven was short on “Kind Gentle Giants” and called Basil home to fill the need and end his battle with cancer on the morning of Nov. 24, 2018, at home in Chugiak, Alaska, with his true love by his side. Born on Nov. 14, 1957, to Jerry and Sharon....




























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