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  • Linc mulling Umiat sale - 09/14/2014 (Full story) Linc Energy Ltd. is considering an offer to sell its Alaska assets. The Australian independent recently received “unsolicited expressions of interest” to sell the undeveloped Umiat oil field on the North Slope and conventional assets in Wyoming. In response to the solicitation, Linc has launched “a....

  • Arctic gets fresh look - 09/14/2014 (Full story) Snarled in an endless round of protest, litigation and regulatory delays, Canada's hopes of exporting crude bitumen to Asia from British Columbia ports are crumbling fast, giving a fresh lift to those who believe there are alternative tanker outlets in Alaska and the Canadian Arctic. The latest setb....

  • What is the solution? - 09/14/2014 (Full story) The limitations and risks associated with the Railbelt power grid, the aging electricity artery that connects Alaska communities from Homer in the southern Kenai Peninsula north to Fairbanks in the Interior, have for several years formed the subject of lively debates and not too many decisions. And....

  • NordAq gets Chinese financing $90M investment, $150M credit - 09/14/2014  NordAq Energy Inc. is moving ahead on its drilling plans for the North Slope and Cook Inlet thanks to a recently announced financial package from a Chinese firm. The private investment group Chinanx has agreed to invest $90 million and provide a $150 million debt facility to help NordAq develop its....

  • State signs LNG MOU with Japan; LNG project pre-files with FERC - 09/14/2014  The Alaska LNG Project and the state of Alaska have taken steps to move the project forward. The partners in the Alaska LNG Project have submitted a formal request to the Federal Energy Regulation Commission to start the pre-file process for the project, the companies said in a Sept. 8 statement. ....

  • Bob Herron looking for action on Arctic - 09/14/2014  House Rep. Bob Herron may be running unopposed and not having to devote any time toward re-election, but he's been plenty busy as co-chair for the Alaska Arctic Policy Commission. The group recently held hearings in Kotzebue and Nome and will hold their last round of hearings late November in Anchor....

  • When winning looks like losing - 09/14/2014  Jim Prentice is the new premier of Alberta, Canada's dominant oil and natural gas province, after riding a landslide to victory on Sept. 6 in a three-way contest to become leader of the governing Progressive Conservative Party. Now he has less than two years to dig his administration out of the bog....

  • Newfoundland taxpayers to the rescue - 09/14/2014  There's a clear message to anyone thinking about building a plant to refine or upgrade crude in Canada: Forget it, unless you have a cast-iron commitment from a government to offer financial help when times get tough. The latest evidence surfaced Sept. 5 when Korea National Oil Corp. announced a suc....

  • Hilcorp reaches deal for pipeline system - 09/14/2014  Hilcorp Alaska LLC and a broad group of regional stakeholders have reached a settlement to consolidate four Cook Inlet pipelines into a single unified system. The Aug. 29 settlement creates the conditions for consolidating the Kenai Nikiski Pipeline, the Kenai Kachemak Pipeline, Cook Inlet Gas Gathe....

  • State considering lease transfers in August - 09/14/2014  The Alaska Department of Natural Resources is considering several requests to transfer small royalty interests in leases at the Redoubt unit, on the west side of Cook Inlet. The estate of William Hieronymus wants to transfer interests in three leases — ADL 381003, ADL 381201 and ADL 381203 — to Kay....

  • Court accepts Buccaneer settlement - 09/14/2014  A Texas bankruptcy court has approved a settlement between Buccaneer Energy Ltd. and its largest unsecured creditors, which allows the producer to proceed with an asset sale. The U.S. Bankruptcy Court for the Southern District of Texas approved the deal Sept. 2. The deal requires Buccaneer to set as....

  • Wheeling and dealing in Canada - 09/14/2014  Seven Generations Energy (better known as 7G) is close to tying its highly rated stake in the Alberta Montney resource play to a C$1 billion initial public share offering, or setting the stage for an outright sale. At the same time, former natural gas giant Encana may be grooming itself for a major....

  • Love leaves legacy on and off the Slope - 09/14/2014  When oil was discovered in Alaska, first at Swanson River on the Kenai Peninsula in 1957 and later in 1967 at Prudhoe Bay on the North Slope, the companies that made the discoveries attracted scores of talented geologists, engineers and other workers to the Last Frontier to assist in bringing the ne....


  • State to contract Colville River unit - 09/14/2014  The state Division of Oil and Gas is asking ConocoPhillips Alaska Inc. to submit updated maps reflecting a mandatory contraction of the Colville River unit on the North Slope. The contraction was built into the Colville River Unit Agreement in 1998. It gave the state the ability to remove acreage fr....

  • Parnell seeking ANWR judgment - 09/14/2014  The state of Alaska is seeking a summary judgment in its efforts to conduct a 3-D seismic campaign in the coastal plain of the Arctic National Wildlife Refuge. In a Sept. 8 motion, the state argued that federal statute is “plain and unambiguous” in allowing the U.S. Fish and Wildlife Service to cons....

  • EIA: Crude prices down, US production up - 09/14/2014  The North Sea Brent crude oil spot price averaged $102 per barrel in August, the first time in 14 months that price has fallen outside a range of $107 to $112 per barrel, the U.S. Energy Information Administration said in its September Short-Term Energy Outlook, issued Sept. 9. “Weakening global de....

  • How high is up? - 09/14/2014  Make that 17 — the latest count of companies entering the race to export LNG from British Columbia. Cedar LNG Export, an economic development arm of the Haisla Nation, and Orca LNG, the Canadian affiliate of a Texas-based energy firm, have made their appearance by filing applications with Canada's N....

  • Alaska Railroad reports revenue growth - 09/14/2014  The Alaska Railroad Corp. is reporting revenue growth of more than 4 percent in the last fiscal year, despite declines in petroleum and coal shipments. Railroad revenue rose 4.3 percent between July 2013 and July 2014, the Fairbanks Daily News-Miner (http://is.gd/hLI5Wa) reported. Most of the incre....

  • Robot looks for hidden pipeline damage - 09/14/2014  Pipeline operator Alyeska Pipeline Service Co. has successfully used a robotic device to inspect the condition of an underground pipeline at pump station 3 on the trans-Alaska oil pipeline, the company has told Petroleum News. Developed by pipeline inspection company Diakont and referred to as a “r....

  • New fight erupts over New England plan - 09/14/2014  A new fight has emerged over efforts to shift New England from oil and coal to lower cost natural gas. Plans by New England's governors and energy officials to expand natural gas in the six states have drawn fights in the past year among energy companies, environmentalists and local and state offic....

  • Want lower gasoline prices? Export more - 09/14/2014  Exporting more U.S. crude around the world would lower the price of gasoline for U.S. drivers and benefit the U.S. economy, according to a new study released Sept. 9. While the conclusion may be counter-intuitive, the reasoning is straightforward: Exports would encourage more U.S. oil production an....

  • Guide to Alaska natural gas projects - 09/14/2014  Ideas for moving Prudhoe Bay's natural gas bounty off Alaska's North Slope are as plentiful as cottonwood seed in the June air. Some are modest: Truck small amounts of gas to Fairbanks consumers. Some are epic: Pipe massive amounts to a Southcentral Alaska liquefied natural gas plant for LNG shipmen....

  • BP ruling could mean $18 billion in fines - 09/14/2014  BP could be looking at close to $18 billion in additional fines over the nation's worst offshore oil spill after a federal judge ruled Sept. 4 that the company acted with “gross negligence” in the 2010 Gulf of Mexico disaster. U.S. District Judge Carl Barbier concluded that the London-based oil gia....

  • US drilling rig count up 11 to 1,925 - 09/14/2014  Oilfield services company Baker Hughes Inc. says the number of rigs drilling for oil and natural gas in the U.S. increased by 11 the week ending Sept. 5 to 1,925. The Houston firm said in its weekly report that 1,584 rigs were drilling for oil and 340 for gas. One was listed as miscellaneous. A yea....

  • Oil Patch Bits: New hires in PND Engineers Inc. Anchorage office - 09/14/2014  PND Engineers Inc. said Michael Gemmell, Marcy Kolberg and Jake Maxwell have joined its Anchorage office. Michael Gemmell, PE, joined the firm as a senior civil engineer. Gemmell is a graduate of the University Of Connecticut School Of Engineering and has six years of experience in construction fie....

  • Oil Patch Bits: Marinucci joins Fairweather as business developer - 09/14/2014  Fairweather LLC announced the appointment of Sally Marinucci as its business developer. A native of Anchorage, Alaska, Marinucci earned a degree in business administration from the Eller College of Management at the University of Arizona, Tucson. While attending college she worked as a retail advis....

  • 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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