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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.
  • Cook Inlet gas review - 10/11/2015 (Full story) Alaska's Division of Oil and Gas has published a new assessment of the amount of natural gas that could be produced from active oil and gas fields in the Cook Inlet basin. The report says that it appears that the fields, having produced 8,308 billion cubic feet of gas since development of the basin....

  • PBU satellites decline - 10/11/2015 (Full story) The five satellites in the western half of the Prudhoe Bay unit continue to see steady declines in production, and efforts to slow the trend could require technical fixes, according to a plan of development operator BP Exploration (Alaska) Inc. recently filed. The five fields — Aurora, Borealis, Mid....

  • Arctic unease spreads - 10/11/2015 (Full story) The spillover from Royal Dutch Shell's decision to abandon exploration in Arctic waters off Alaska's coast is stretching into Canada's Beaufort Sea, while mirroring earlier moves to disengage from polar prospects in Norway and Russia. At a time when all of the major operators in the Canadian Arctic....

  • AIDEA completes Pentex purchase - 10/11/2015 (Login to read Full story) On Sept. 30 the Alaska Industrial Development and Export Authority completed its purchase of Pentex Alaska Natural Gas Co. LLC. Closure of the purchase, a couple of weeks earlier than expected, means that AIDEA now owns Fairbanks Natural Gas, one of two gas utilities in the city of Fairbanks. The pu....

  • Miller Energy files for bankruptcy - 10/11/2015 (Login to read Full story) In August major creditors filed involuntary bankruptcy against Cook Inlet Energy. On Oct. 1 Cook Inlet Energy's parent company, Miller Energy Resources and subsidiaries, including its Alaska producing companies, Cook Inlet Energy and Savant, filed to reorganize under Chapter 11 bankruptcy. Miller s....

  • Utilities report transco progress - 10/11/2015 (Login to read Full story) In response to an order from the Regulatory Commission of Alaska, the electricity utilities that operate the Alaska Railbelt power transmission grid have reported on progress in voluntary efforts towards developing an independent Railbelt power transmission entity. Following a directive from the Ala....

  • Chenault seeks LNG progress, not regress - 10/11/2015 (Login to read Full story) House Speaker Mike Chenault says he's ready to come back to Juneau for a special session addressing two developments on the state's pursuit of a natural gas pipeline and an LNG export facility. But the Nikiski Republican adds that he remains in the dark on Gov. Bill Walker's plans, such as how he pl....

  • September ANS output at 493,540 bpd - 10/11/2015 (Login to read Full story) Alaska North Slope crude oil production averaged 493,540 barrels per day in September, up 18 percent from an August average of 418,127 bpd. Overall September production remained relatively level with an upward trend, staying well above 400,000 bpd all month. By comparison, August production took a....

  • Native rift over pipelines - 10/11/2015 (Login to read Full story) The feuding over energy pipelines in Canada has taken a new twist with the emergence of a rift within the ranks of First Nations. Meeting in Vancouver on Sept. 30, native leaders from British Columbia, Manitoba, Quebec and Ontario took a first step towards what they hope will be a national aborigina....

  • New info call for spring lease sales - 10/11/2015 (Login to read Full story) The Alaska Department of Natural Resources, Division of Oil and Gas, has issued a call for substantial new information for Cook Inlet and Alaska Peninsula areawide oil and gas sales tentatively scheduled for spring 2016. Based on information received the division said it would either issue suppleme....

  • Shell's high but thwarted expectations - 10/11/2015 (Login to read Full story) In the aftermath of the chain of events that have led to the demise of Shell's multi-billion-dollar exploration venture in the Arctic Alaska offshore, it may be difficult to remember the optimism with which the company embarked on its Alaska program some 10 years ago. Having left Alaska in the late....

  • EIA: US oil production down 120,000 bpd - 10/11/2015 (Login to read Full story) U.S. crude oil production is declining, the U.S. Energy Information Administration said Oct. 6 in its Short-Term Energy Outlook. That decline is expected to continue through most of next year. “U.S. crude oil production, which EIA estimates was 120,000 barrels per day lower in September than in Aug....

  • Newfoundland eyes ‘giant' offshore status - 10/11/2015 (Login to read Full story) Inspired by results of a new seismic survey that revealed its offshore has 30 billion barrels equivalent of oil and natural gas, the Newfoundland government is chasing billion-dollar drilling commitments from international explorers. Premier Paul Davis said the potential in 11 parcels contained in a....

  • Doyon to conduct more Nenana seismic - 10/11/2015 (Login to read Full story) Doyon Ltd. announced Oct. 7 that is going to conduct a new 2-D seismic survey in the northern part of the Nenana basin, in the Alaska Interior, beginning in January 2016. Characterizing the new survey as an acceleration of its oil and gas exploration program in the basin, the Native regional corpora....

  • The what and how of affordable energy - 10/11/2015 (Login to read Full story) During a presentation to the Alaska Energy Authority board on Sept. 24, Neil McMahon, AEA program manager for what is referred to as the Alaska Affordable Energy Strategy, an initiative aimed at alleviating the high cost of energy in many Alaska communities, talked about AEA's plan for developing th....

  • State objects to proposed Thomson tariff - 10/11/2015 (Login to read Full story) PTE Pipeline LLC, the ExxonMobil-BP partnership which built the new pipeline from Point Thomson to Badami, has filed for an initial tariff of $20.39 per barrel and the state of Alaska has protested. Filings by PTE Pipeline in the tariff case put the cost at some $165.8 million for the 22-mile 12-in....

  • Conoco plans small NCIU program - 10/11/2015 (Login to read Full story) As ConocoPhillips Alaska Inc. is privately marketing its Cook Inlet assets for a potential sale, the company is taking a restrained approach to its legacy North Cook Inlet unit. The company is evaluating opportunities for a potential workover campaign in 2017 and possible opportunities for grass roo....

  • Suncor dives into M&A waters - 10/11/2015 (Login to read Full story) Suncor Energy has entered potentially hostile territory in its bid to acquire Canadian Oil Sands, the largest stakeholder in the Syncrude Canada venture, and bolster its already dominant position in the northern Alberta bitumen resource. Launching a C$6.6 billion offer (including C$2.3 billion of de....

  • Enbridge notches Line 9, Line 9B success - 10/11/2015 (Login to read Full story) Enbridge is within sight of launching a pipeline project that will deliver 300,000 barrels per day of crude from the United States Bakken and Western Canada to refineries in Ontario and Quebec, shunting aside offshore supplies in the process. Canada's National Energy Board has given final approval t....

  • TransCanada ends legal fight - 10/11/2015 (Login to read Full story) TransCanada is changing its strategy in a bid to obtain approvals in Nebraska for its Keystone XL pipeline. Bogged down for the past seven years in a regulatory, political and legal quagmire, TransCanada has decided to abandon its current court attempt to invoke “eminent domain” to overcome oppositi....

  • DGGS releases interactive mapping tool - 10/11/2015 (Login to read Full story) Alaska's Division of Geological and Geophysical Services has released a new online tool for evaluating erosion along Alaska's coastline. Called the Alaska Shoreline Change Tool, the new tool provides an interactive map displaying both past and predicted future shoreline positions. Users of the tool....

  • Oil Patch Bits: Deadhorse Aviation Center opens new heated jetway - 10/11/2015 (Login to read Full story) Fairweather LLC has announced the opening of a new fully enclosed, heated jetway at the Deadhorse Aviation Center, serving passengers traveling to and from Alaska's North Slope via the DAC. The first of its kind in the U.S. Arctic, the new jetway or PBB, passenger boarding bridge, telescopes from 6....

  • Oil Patch Bits: ASRC remembers elder Morgan Anniqsuaq Solomon - 10/11/2015 (Login to read Full story) Arctic Slope Regional Corp. is remembering elder Morgan Anniqsuaq Solomon as a dedicated husband, father and grandfather. He passed away at Fairbanks Memorial Hospital Sept. 20 at the age of 80, surrounded by his family. Solomon grew up in the North Slope community of Wainwright but spent consider....

  • Oil Patch Bits: Fluor selected as Sasol's collaboration partner - 10/11/2015 (Login to read Full story) Fluor Corp. announced today that it has signed a three-year agreement with Sasol Group Technology to perform a range of projects as an integrated team at Sasol's facilities in Secunda and Sasolburg, South Africa. The primary objective of the agreement is for Fluor and Sasol to collaborate on small a....

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  • 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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