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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Pantheon buys Great Bear - 01/20/2019 (Login to read Full story) A newly formed Alaska subsidiary of London-based Pantheon Resources Plc is in the process of acquiring two wholly owned companies from Great Bear Petroleum Operating LLC — Great Bear Petroleum Ventures I and II, per state of Alaska Division of Oil and Gas lease records and market announcements. The....

  • A royalty question - 01/20/2019 (Login to read Full story) BP Exploration (Alaska) has taken the state of Alaska to court, claiming that arbitration procedures must be invoked to settle a dispute over the royalty value of oil produced on the North Slope. Royalties due to the state are calculated using the wellhead value of the oil. That value, essentially,....

  • Upping efficiency - 01/20/2019 (Login to read Full story) In support of Gov. Mike Dunleavy's priority of maximizing resource development in Alaska, the Department of Natural Resources is seeking ways of improving the efficiency of its operations, DNR Commissioner Corri Feige told the Alaska Support Industry Alliance on Jan. 10. “We are right now undertakin....

  • AOGCC calls well integrity ahearing after Prudhoe incident - 01/20/2019 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has scheduled a public hearing on Feb. 7, to assess the mechanical integrity of wells in the Prudhoe Bay field, operated by BP. The hearing announcement follows a second incident involving the leak of fluids from wellheads at Drill Site 2 in the field.....

  • AGDC names Joe Dubler interim president; Keith Meyer dismissed - 01/20/2019 (Login to read Full story) The board of directors of the Alaska Gasline Development Corp. passed a resolution at its Jan. 10 meeting, relieving Keith Meyer of his duties as AGDC president and naming Joe Dubler as interim president, effective immediately. Dubler, who has been serving as executive vice president of finance and....

  • Nova Scotia project shuttered - 01/20/2019 (Login to read Full story) The shaky history of commercial production from Atlantic Canada's offshore natural gas fields quietly slipped into the history books on Dec. 31 when ExxonMobil permanently stopped production at the Sable Offshore Energy Project. The culminated a 20-year production life marked by missed targets, incr....

  • SAE issued state permit to shoot seismic west of Staines - 01/20/2019 (Login to read Full story) On Jan. 16, the Alaska Department of Natural Resources' Division of Oil and Gas posted the Dec. 31 approval of a SAE Staines 3-D miscellaneous land use permit application filed Aug. 15. The permit, MLUP NS 18-004, authorizes SAExploration to conduct a land and marine seismic survey within an area we....

  • New Oklahoma land rush — beneath surface - 01/20/2019 (Login to read Full story) IHS Markit, which recently dubbed Alaska's North Slope a super, rather than mature, basin, said Jan. 10 that its preliminary analysis indicates the Greater Anadarko basin, a source of conventional U.S. oil and gas production since the 1950s, holds an estimated “16 billion barrels of oil and more tha....

  • EIA sees steady non-OPEC production growth - 01/20/2019 (Login to read Full story) The U.S. Energy Information Administration's January Short-Term Energy Outlook includes 2020 for the first time — and is forecasting that Brent prices, which averaged $71 per barrel in 2018, will average $61 per barrel this year and $65 per barrel in 2020. U.S. crude oil production, estimated to ha....

  • China, Canada feuding - 01/20/2019 (Login to read Full story) From the most eager buyer of Canadian oil and natural gas assets (mostly in the oil sands) until 2015, the Chinese government, operating through its stable of state-owned energy giants, is now rapidly winding down its spending binge and pulling back from its presence in Western Canada. That retreat....

  • Health isn't 1st priority, court rules - 01/20/2019 (Login to read Full story) The Colorado Supreme Court said Jan. 14 that state law does not allow oil and gas regulators to make health and environmental protection their top priority, prompting Democrats who control the Legislature to call for changing the law. In a victory for the energy industry, the court said Colorado la....

  • Feige completes DNR leadership team - 01/20/2019 (Login to read Full story) The Department of Natural Resources said Jan. 15 that Commissioner Corri Feige has completed DNR's leadership team with the promotion of Brent Goodrum to deputy commissioner, and the hiring of Ricky Gease as new director of state parks. Goodrum has been director of the Division of Mining, Land and....

  • BP OKs expansion of Gulf oil project - 01/20/2019 (Login to read Full story) BP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them. “BP's Gulf of Mexico business is key to our strategy of growing production of advantaged high-margin oil. We are building on our world-class pos....

  • US drilling rig count unchanged at 1,075 - 01/20/2019 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. was unchanged the week ending Jan. 11 at 1,075. At this time last year there were 939 active rigs. Houston oilfield services company Baker Hughes reported that 873 rigs targeted oil (down four from the previous week) and 202 targeted n....

  • Mexican president: No retreat in fuel fight - 01/20/2019 (Login to read Full story) President Andres Manuel Lopez Obrador vowed Jan. 10 not to retreat in his battle against fuel theft gangs, as gasoline and diesel shortages mounted in Mexico. Lopez Obrador blamed sabotage at a key pipeline leading to Mexico City for blocks-long lines at gas stations, which have worn out the patien....

  • Judge endorses ND refinery water permit - 01/20/2019 (Login to read Full story) An administrative law judge in North Dakota is recommending that state officials issue a water permit for an oil refinery being developed near Theodore Roosevelt National Park that's being opposed by environmentalists and some area landowners. Three landowners last summer challenged a proposed Stat....

  • Oil patch bits: New Antarctica service puts Lynden on all continents - 01/20/2019 (Login to read Full story) Lynden Air Cargo said Jan. 11 that is providing service to an Italian Antarctic expedition team and is now on all continents. “Antarctica was the final continent on our checklist,” said Lynden Air Cargo President Rick Zerkel. “Now we can cross it off.” Lynden Air Cargo has joined a short list of ope....

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    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • 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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