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  • Next step for ANWR - 12/10/2017 (Full story) On Dec. 2 the U.S. Senate passed a budget bill that included language authorizing the opening of the 1002 area of the coastal plain of the Arctic National Wildlife Refuge for oil and gas exploration. The bill passed was a version previously passed by the House of Representatives but modified to incl....

  • OPEC holds firm - 12/10/2017 (Full story) Following its conference on Nov. 30, the Organization of the Petroleum Exporting Countries announced that it was going to extend its oil production quotas through to the end of 2018. Subsequent media reports have indicated that Russia has agreed to continue with its participation in the production q....

  • Repsol big sale bidder - 12/10/2017 (Full story) Alaska did very well in its fall oil and gas lease sales, drawing 19 bids on 16 tracts in the Beaufort Sea areawide, with estimated high bonus bids of $1,247,717.33, and 124 bids on 103 tracts in its North Slope areawide sale, with estimated high bonus bids of $19,939,832. There were no bids in the....

  • IGU board approves purchase of Pentex for Fairbanks gas supply - 12/10/2017 (Login to read Full story) On Dec. 12 by a five-to-two majority the board of the Interior Gas Utility approved terms for the purchase of Pentex Alaska Natural Gas Co, the owner of the Titan liquefied natural gas plant near Point Mackenzie and Fairbanks Natural Gas, a gas utility operating in central Fairbanks. The purchase co....

  • Legislators question AGDC on plan - 12/10/2017 (Login to read Full story) House Resources, joined by some members of the House Finance Committee, heard an update from the Alaska Gasline Development Corp. Dec. 4 in Anchorage. The presentation, by AGDC President Kevin Meyer and AGDC Senior Vice President Frank Richards, mirrored the presentation Meyer gave to the annual mee....

  • Active ice road season on Slope - 12/10/2017 (Login to read Full story) It appears that companies have been teeing up for an active season of ice road construction this winter, in connection with projects on the North Slope and in the nearshore waters of the Beaufort Sea. According to Alaska's Division of Mining, Land and Water a total of more than 410 miles of ice road....

  • November ANS crude up 1% from October - 12/10/2017 (Login to read Full story) Alaska North Slope crude oil production averaged 544,221 barrels per day in November, up 1.12 percent (6,015 bpd) from an October average of 538,206 bpd, but down 0.9 percent from a November 2016 average of 549,263 bpd. The largest per-barrel month-over-month increase was that reported for the BP E....

  • Birch: AKLNG deal lacking details - 12/10/2017 (Login to read Full story) House Rep. Chris Birch had a busy first year in office, especially having a seat on House Resources. Months-long talks on oil taxes held court early but periodic updates on the prospects of Alaska's natural gas going to market were also important. Birch is fresh off a hearing that provided an update....

  • Questions of cost over Fire Island - 12/10/2017 (Login to read Full story) As Cook Inlet Region Inc. continues to promote its proposed phase two extension of its Fire Island wind farm offshore Anchorage, the company has responded to a Chugach Electric Association filing with the Regulatory Commission of Alaska. Chugach Electric had told the commission that CIRI Wind would....

  • CORRECTION: Agreement signed, then canceled - 12/10/2017 (Login to read Full story) The article titled “CIRI Wind requests new connection” in the Dec. 3 issue of Petroleum News incorrectly stated that Cook Inlet Region Inc. has not succeeded in signing up any customers for a proposed phase two expansion of the wind farm on Fire Island. In fact, in June the company did sign a power....

  • Hope exists amid continuing recession - 12/10/2017 (Login to read Full story) As Alaska's recession persists, job losses continued in the first four months of this year, Neal Fried, economist with the Alaska Department of Labor and Workforce Development, told the Resource Development Council's annual meeting on Nov. 15. However, in May and June the rate of job losses showed a....

  • Commission report: November 2017 - 12/10/2017 (Login to read Full story) • On Nov. 6, the Alaska Oil and Gas Conservation Commission gave notice of a proposed change to the regulations covering the casing and cementing of wells. The proposed change would require well operators to set surface casing below the base of permafrost. The commission will hold a hearing on the p....

  • USCG holds Arctic domain awareness meeting - 12/10/2017 (Login to read Full story) The US Coast Guard has reported that on Nov. 28 to 29 it hosted a meeting of the Arctic Domain Awareness Center. ADAC is a Department of Homeland Security entity hosted by the University of Alaska that conducts research involving academic and industry partners in the United States and Canada. With r....

  • Questions raised over VMT spill plan - 12/10/2017 (Login to read Full story) Prince William Sound Regional Citizens Advisory Council, Prince William Sound Aquaculture Corp., the City of Valdez and Valdez Fisheries Development Association have challenged the Alaska Department of Environmental Conservation's approval of the most recent version of the oil discharge prevention a....

  • No substantial new information for sales - 12/10/2017 (Login to read Full story) The Alaska Division of Oil and Gas has issued a decision of no substantial new information for the 2018 Cook Inlet and Alaska Peninsula areawide oil and gas lease sales. Best interest findings are prepared every 10 years for the sales, with annual calls for new information prior to each year's sale....

  • Nenana area OK'd for exploration licensing - 12/10/2017 (Login to read Full story) The Alaska Division of Oil and Gas has issued a preliminary determination of state lands subject to oil and gas exploration licensing in the Nenana area. The Nov. 30 decision notes that exploration licensing is designed to encourage exploration far from infrastructure in areas with unknown hydrocar....

  • DGGS make more seismic data available - 12/10/2017 (Login to read Full story) Alaska's Division of Geological and Geophysical Services has announced the availability of data from four 3-D seismic surveys shot on Alaska's North Slope and the nearshore waters of the Beaufort Sea. There are two surveys from Harrison Bay, while the onshore surveys consist of the Nanuq South and S....

  • Hilcorp applies to expand Milne L pad - 12/10/2017 (Login to read Full story) Hilcorp Alaska LLC has applied to the Alaska Department of Natural Resources, Division of Oil and Gas, to add gravel to expand the L pad at Milne Point. The expansion would allow the installation of three Titan 130 Turbines skids, a fuel gas metering skid, two 1,130-barrel diesel tanks (in containme....

  • Oil Patch Bits: ASRC announces dividend milestone distribution - 12/10/2017 (Full story) Following November's scheduled disbursement to ASRC shareholders, ASRC has now distributed more than $1 billion dollars in dividend payouts to its owners since the formation of the company in the summer of 1972. ASRC is the first Alaska Native corporation to reach such a milestone. “For ASRC to mai....

  • Oil Patch Bits: Fluor awarded refurbishment contract in Canada - 12/10/2017 (Full story) Fluor Corp. announced Dec. 4 that it was selected by Ontario Power Generation for the procurement and construction of refurbishment work at OPG's Darlington nuclear generating station in Ontario, Canada. Fluor will book the undisclosed contract value in the fourth quarter of 2017. Fluor's scope will....

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  • Interior releases final well control regulations 04/14/2016
  • RCA approves ML&P, Chugach Electric gas field purchase 04/22/2016
  • ExxonMobil starts Point Thomson production 04/22/2016
  • Court rejects appeal against Shell air permits 12/26/2012
  • Furie permitting Kitchen Lights development 12/05/2012
  • Conoco applies for Bear Tooth permit 12/03/2012

    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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