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Week of December 09, 2018

  • Resource uncertainties - 12/09/2018  Recent major new oil discoveries in the Nanushuk and Torok formations on the North Slope have included the Pikka discovery being pursued by Oil Search and its partners; ConocoPhillips' Willow discovery; and the oil discovery by Caelus Energy Alaska at Smith Bay. But what is the nature of these disco....

  • MOA approves ML&P sale - 12/09/2018  During its meeting on Dec. 4 the Anchorage Assembly, in a unanimous vote, authorized the sale of electric utility Municipal Light & Power to Chugach Electric Association. The authorization was based on sale terms which have been negotiated between the Municipality of Anchorage and Chugach Electric s....

  • Alberta spreads the pain - 12/09/2018  Alberta Premier Rachel Notley, with the full backing of her political rivals, has gone where no previous provincial government has ventured, ordering a cut of 325,000 barrels per day of oil production in a desperate effort to shrink the crude price differential that is plaguing the industry. “We mus....

  • Dunleavy sworn in in Kotzebue; Tangeman named to head Revenue - 12/09/2018  Mike Dunleavy was sworn in as Alaska's 12th governor in Kotzebue Dec. 3, along with Lt. Gov. Kevin Meyer. The swearing in had been planned for Noorvik, but fog there caused a change of plans. First Lady Rose Dunleavy is from Noorvik. The Alaska Constitution requires that the governor be sworn in by....

  • Earthquake interrupted oil and gas operations; no damage reported - 12/09/2018  responses to the major earthquake in Southcentral Alaska on Nov. 30 demonstrating the level of preparedness and resilience in Alaska to an event of this magnitude, impacts on energy industries and energy supplies appear to have been mainly local rather than systemic. ....

  • Purpose of North Slope methane hydrate well is long-term testing - 12/09/2018  The U.S. Department of Energy has announced that a new methane hydrate test well being drilled on the North Slope will be fitted with temperature and acoustic monitoring devices to support potential long-term field experiments. The idea is to build on previous methane hydrate research conducted in t....

  • Revenue's forecast preliminary pending review of oil markets - 12/09/2018  Sheldon Fisher, the outgoing Walker-administration Department of Revenue commissioner, released a preliminary fall revenue forecast Dec. 3, but said issuance of the Fall 2018 Revenue Sources Book has been delayed so the department can review recent oil market developments and the impact on the oil p....

  • AOGCC approves Northstar gas injection - 12/09/2018  The Alaska Oil and Gas Conservation Commission has approved Hilcorp Alaska's request to allow the injection of natural gas into the Northstar field's Kuparuk oil pool for enhanced oil recovery. In its order, issuing the approval, the commission said that reservoir modeling showed that gas injection....


  • Feds test Arctic oil-spill-mapping robot - 12/09/2018  The U.S. Department of Homeland Security’s Science and Technology Directorate has been working for four years on an underwater robot to help the U.S. Coast Guard map spills under ice. With the Arctic changing — ice receding and maritime activity increasing — DHS is the lead agency in planning for an....

  • National drilling rig count down 3 at 1,076 - 12/09/2018  The number of rigs drilling for oil and natural gas in the U.S. was down up by three Nov. 30 to 1,076. At this time last year there were 929 active rigs. Houston oilfield services company Baker Hughes reported that 887 rigs targeted oil (up two from the previous week) and 189 targeted natural gas (....

  • Woodfibre LNG project close to launch - 12/09/2018  More pieces have been put in place for the Woodfibre LNG project north of Vancouver that point to a possible start of construction in the first quarter of 2019. But doubts still hang over the complex regulatory process, with one element of the aboriginal community not yet satisfied its demands have....

  • NMFS OKs Atlantic seismic surveys - 12/09/2018  The Trump administration on Nov. 30 authorized use of seismic air guns to find oil and gas formations deep underneath the Atlantic Ocean floor, reversing Obama administration policies and drawing outrage from critics who say the practice can disturb or injure whales, sea turtles and other marine lif....

  • ANS October crude up 3.5% over September - 12/09/2018  Alaska North Slope crude oil production averaged 521,781 barrels per day in October, up 3.5 percent, 15,532 bpd, from a September average of 503,996 but down 3.3 percent from an October 2017 average of 539,770 bpd. October volumes include first production from Greater Mooses Tooth 1 and a return to....

  • Judge allows preliminary Keystone XL work - 12/09/2018  A Montana judge says a Canadian company may continue preliminary work on the proposed Keystone XL oil pipeline while his order blocking construction is in effect. U.S. District Judge Brian Morris said Nov. 28 he will clarify his Nov. 8 injunction to allow TransCanada to conduct engineering and plan....

  • No substantial new info for AK Peninsula - 12/09/2018  The Alaska Division of Oil and Gas has issued a decision of no substantial new information for the 2019 Alaska Peninsula areawide lease sale. This sale is offered annually in the spring along with the Cook Inlet areawide sale. There are currently no active oil and gas leases in the Alaska Peninsula....




























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