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  • COP earns just $4M - 02/14/2016 (Full story) ConocoPhillips Co. reported $482 million in adjusted earnings from its Alaska operations in 2015. But that figure fails to fully capture the topsy-turvy nature of the past year. The largest oil company in Alaska posted a $67 million loss from its Alaska operations before income taxes and just $4 mil....

  • Utilities buy Beluga - 02/14/2016 (Full story) Anchorage-based electric utilities Municipal Light & Power and Chugach Electric Association are jointly purchasing ConocoPhillips' ownership interests in the Beluga River gas field on the west side of Alaska's Cook Inlet, the two utilities announced Feb. 8. The sales agreement, with a total purchase....

  • Shell LNG setback - 02/14/2016 (Full story) Those dredging for positives in a heap of negatives that accompanied Shell's decision to stall its final investment decision on LNG Canada until late 2016 from this spring found little comfort. For British Columbia Premier Christy Clark, ever the beacon of hope in her province's floundering LNG sect....

  • Two-year Nikiski LNG extension; DOE approves continuing export - 02/14/2016 (Login to read Full story) The Department of Energy has approved a request from ConocoPhillips for a two-year extension to the license for the export of liquefied natural gas from the LNG terminal at Nikiski, on the Cook Inlet coast of the Kenai Peninsula. The license, which had been due to expire on Feb. 18 of this year, now....

  • Conoco exploring in NPR-A with program in Greater Mooses Tooth - 02/14/2016 (Login to read Full story) ConocoPhillips Alaska Inc. is planning a two-well exploration program this year at the western end of its Greater Mooses Tooth unit in the National Petroleum Reserve-Alaska. In early January, the U.S. Bureau of Land Management and the Alaska Oil and Gas Conservation Commission issued drilling permit....

  • Costello enjoys dual committee role - 02/14/2016 (Login to read Full story) Sen. Mia Costello gets two firsthand views of oil and gas issues: that as vice chair of the Resources Committee and chair of the Labor and Commerce Committee. The Anchorage Republican has already heard briefings from the AKLNG Project and the Labor Commission Heidi Drygas who reviewed workforce prep....

  • Brent crude oil prices continue to drop - 02/14/2016 (Login to read Full story) Crude oil prices are continuing to drop, the U.S. Energy Information Administration said Feb. 9 in its Short-Term Energy Outlook, with North Sea Brent averaging $31 per barrel in January, down $7 from December — the lowest monthly average since December 2003. EIA said Brent is forecast to average $....

  • Trudeau a puzzle - 02/14/2016 (Login to read Full story) In a hastily arranged, whistle-stop visit to the heartland of Canada's resource industry, Prime Minister Justin Trudeau, as he has done on frequent occasions since his election four months ago, scattered promises like confetti without saying exactly how and when he plans to deliver. He spent one day....

  • Final drilling safety rule goes to OMB - 02/14/2016 (Login to read Full story) The Bureau of Safety and Environmental Enforcement has completed a final version of new offshore drilling safety regulations and sent the regulations to the Office of Management and Budget for review, prior to the public release of the new rules. OMB, a part of the Executive Office of the President,....

  • Upper Foothills open for tundra travel - 02/14/2016 (Login to read Full story) The Alaska Department of Natural Resources, Division of Mining, Land and Water, said Feb. 9 that state lands in the Upper Foothills area of the North Slope are open for winter off-road tundra travel. The division said soil temperatures and snow cover have met the criteria, 9 inches of snow and cold....

  • State approves Ahtna Tolsona drilling - 02/14/2016 (Login to read Full story) Alaska's Division of Oil and Gas has issued a notice approving the drilling of the Tolsona gas exploration well by Ahtna Inc., the Native regional corporation for the Copper River region. The planned well is in state land about 11.5 miles west of the town of Glennallen. As part of its conditions of....

  • KRU pad aimed at field life extension - 02/14/2016 (Login to read Full story) ConocoPhillips Alaska has applied to expand the Kuparuk Construction Services pad in the northern part of the Kuparuk River unit. As reported in the Jan. 31 issue of Petroleum News, which referenced the company's U.S. Corps of Engineers application, work at the pad will be done over three seasons, b....


  • Fueling petrochemicals in Alberta - 02/14/2016 (Login to read Full story) Alberta's left-of-center government is dredging up ideas from more than 40 years ago, both to rescue a distressed natural gas sector and bolster its resolve to build a “progressive” economy that can offset plans to phase out the province's coal industry. In a quick follow up to its freshly minted ro....

  • BSEE developing spill response database - 02/14/2016 (Login to read Full story) The Bureau of Safety and Environmental Enforcement, in conjunction with an emergency response working group of the Arctic Council, is overseeing the development of the Arctic Response Equipment Database, a computer system that will hold information about available oil spill response equipment that i....

  • Arctic dispersant use comments sought - 02/14/2016 (Login to read Full story) The Coastal Response Research Center in the University of New Hampshire is seeking comments from the public on a draft list of scientific statements about what is known and what is uncertain when it comes to using dispersants in response to an Arctic offshore oil spill. The CRRC says it has been wor....

  • US firm abandons Alberta rail plans - 02/14/2016 (Login to read Full story) A United States-based company has scrapped plans to double capacity at its crude-by-rail facility in Alberta, adding another element to the debate over the outlook for the use of rail. USD Terminals said it has withdrawn an application to the Canadian Environmental Assessment Agency to build new tr....

  • Lower Kenai Peninsula 2-D seismic planned - 02/14/2016 (Login to read Full story) Global Geophysical Services has applied to the Alaska Department of Natural Resources, Division of Oil and Gas, to shoot some 50 linear miles of two-dimensional seismic on the southern Kenai Peninsula for Hilcorp Alaska. Global Geophysical said in its application that the goal of the survey is to id....

  • BSEE, USCG floating facility regulation - 02/14/2016 (Login to read Full story) The Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard have signed a memorandum of agreement for shared jurisdiction over the regulation of floating oil and gas facilities on the outer continental shelf. The idea is to ensure a coordinated approach to the regulation of the facil....

  • Commission approves North Fork pool rules - 02/14/2016 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has issued pool rules for the Tyonek gas pool in the North Fork field on the southern Kenai Peninsula. Cook Inlet Energy, operator of the North Fork unit, in November requested an order defining a new gas pool, the North Fork unit undifferentiated Tyon....

  • Supreme Court hold on Clean Power Plan - 02/14/2016 (Login to read Full story) In a surprising series of Feb. 9 court orders, the U.S. Supreme Court placed a stay on implementation of the Obama administration's Clean Power Plan, pending decisions in multiple appeals in federal appeals court against the plan. Apparently, the issue of a stay prior to completion of a review by an....

  • January Arctic sea ice extent lowest ever - 02/14/2016 (Login to read Full story) The extent of the Arctic sea ice cover is the lowest seen in January since satellite ice observations began in 1979, the National Snow and Ice Data Center has reported. The average extent of 13.53 million square miles observed this January was 35,000 square miles less than the previous record low, r....

  • Oil Patch Bits: Fluor awarded Cutbank Ridge Partnership project - 02/14/2016 (Login to read Full story) Fluor Corp. said Feb. 8 that the Cutbank Ridge Partnership has selected Fluor to execute engineering, procurement and construction management for the Saturn 15-27 Phase 2 Sweet Gas Plant Project near Dawson Creek, British Columbia, Canada. Fluor booked the undisclosed contract value in the fourth qu....

  • Oil Patch Bits: Burke new manager for UIC Oil and Gas Support Services - 02/14/2016 (Login to read Full story) UIC Oil and Gas Support Services has announced Keith Burke as its new manager. He brings several years of oil and gas experience from Alaska's North Slope and Sakhalin, Russia. Burke has more than 30 years of experience working in the oil and gas industry with Alyeska Pipeline Services Co., the Alas....

  • Petroleum News also offers a News Bulletin Service.
    You must subscribe to this service to receive current News Bulletins.
    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • Kulluk appears intact and stable 01/03/2013
  • Kulluk is back under tow 12/31/2012
  • Shell vessel towing the Kulluk loses power south of Kodiak 12/28/2012
  • 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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