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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.
  • Bill seeks partner - 01/26/2020 (Full story) Armed with what they learned west of Prudhoe Bay with the discovery of the giant Pikka oil field, Bill Armstrong's team and their partner Oil Search are now looking for giant fields on the other side of Prudhoe Bay. And Armstrong is soon going to be looking for a third partner for the eastern North....

  • New Mustang financing - 01/26/2020 (Full story) In a board resolution passed on Jan. 16, the Alaska Industrial Development and Export Authority agreed to change the terms of financing support for the development of the Mustang oil field on the North Slope, to accommodate delayed loan payments by Caracol Petroleum LLC, the field's majority owner.....

  • AK licensing draws apps - 01/26/2020 (Login to read Full story) As of Jan. 14, the state of Alaska has two active exploration licenses, another in default and two license applications that are pending. According to the Division of Oil and Gas's website the two pending applicants are Cassandra Energy in the Gulf of Alaska (ADL file 393173) and Alaska Natural Gas....

  • Oil patch insider: Enforcer or banker? Some banks defy pressure from climate activists - 01/26/2020 (Login to read Full story) Following Goldman Sachs mid-December announcement that it would stop financing new Arctic drilling, the big U.S. investment bank began to back-peddle. On Jan. 21 at the World Economic Forum in Davos, Switzerland David Solomon, CEO of Goldman Sachs, told the meeting of business and world leaders tha....

  • Oil Search Mitquq 1 exploration well intersects 180' Nanushuk pay - 01/26/2020 (Login to read Full story) Oil Search said Jan. 22 that it intersected 180 feet of pay in the Nanushuk reservoir in its Mitquq 1 exploration well, which was spud Dec. 25 west of Alaska's central North Slope. The well is at 6,885 feet. The company is preparing to set intermediate casing before drilling ahead to the Alpine C re....

  • State/fed ANWR border battle wages on; IBLA decision slides into 2020 - 01/26/2020 (Full story) An appeal decision on an ANWR border dispute — expected before the end of 2019 — has not yet been released, pushing the impasse between the U.S. Department of the Interior and the state of Alaska into yet another calendar year. At issue is the ownership of 19,322 acres between the Canning and Stain....

  • RCA schedules public input on BP Pipelines-Harvest Alaska deal - 01/26/2020 (Login to read Full story) The Regulatory Commission of Alaska has scheduled a public input hearing on applications filed by Harvest Alaska and BP Pipelines (Alaska) for transfer of pipeline assets. These transfers are part of the larger sale to Hilcorp (Harvest in a Hilcorp subsidiary) of BP's Alaska assets. The hearing wil....

  • BC out of tools - 01/26/2020 (Login to read Full story) When John Horgan was elected premier of British Columbia less than three years ago, he boasted that his government would use every tool at its disposal to stop expansion of the Trans Mountain pipeline. The nine judges of the Supreme Court of Canada acted with dazzling speed on Jan. 16 when they deli....

  • Alaska geo survey releases annual report - 01/26/2020 (Login to read Full story) In mid-January, the Alaska Division of Geological & Geophysical Survey released its annual report, covering agency activities in 2019, such as fieldwork involving the North Slope Nanushuk, Torok, Seabee, Canning, Schrader Bluff, Sagavanirktok and Fortress Mountain formations. Headed by Steve Masterm....

  • US drilling rig count bounces back by 15 - 01/26/2020 (Login to read Full story) The U.S. active drilling rig count bounced back by 15 to 796 the week ending Jan. 17, up from 781 the previous week and down by 254 from 1,050 a year ago. The company reported that 673 rigs targeted oil (up 14 from the previous week; down 179 from a year ago) and 120 targeted natural gas (up one fr....


  • RCA reports Railbelt status to Legislature - 01/26/2020 (Login to read Full story) The Regulatory Commission of Alaska is sending a letter to the Alaska Legislature, with formal notification of the status of improvements to the manner in which the Alaska Railbelt electrical system is operated and managed. In 2014 the Legislature directed the RCA to investigate the advisability of....

  • United Nations joins pipeline fight - 01/26/2020 (Login to read Full story) Canada's resource-based provinces and its energy industry are caught between a rock (in this case the United Nations) and hard place (based on a small splinter group of First Nations leaders in a remote corner of northern British Columbia) in a dispute that could determine the economic shape of the....

  • AOGCC hears first appeal to new bonding - 01/26/2020 (Login to read Full story) Malamute Energy Inc., owner of 97.5% of Renaissance Umiat, and the field's designated operator, has two suspended wells on U.S. Bureau of Land Management leases at Umiat. At a Jan. 16 Alaska Oil and Gas Conservation Commission hearing, asking for reconsideration of AOGCC's new bonding requirements....

  • Hilcorp, Eni have 5-year ice road plans - 01/26/2020 (Login to read Full story) The National Marine Fisheries Service has received a request from Hilcorp Alaska LLC and Eni US Operating Co. Inc. for authorizations to take small numbers of marine mammals incidental to ice road and ice trail construction, maintenance and operation on the North Slope for a five-year period, 2020-2....

  • Signatures turned in for oil tax initiative - 01/26/2020 (Login to read Full story) The group collecting signatures to put a measure on the ballot to increase production taxes said Jan. 14 that they had collected more than 43,000 signatures; those signatures were submitted to the Alaska Division of Elections Jan. 17. Primary sponsors of what is called the “Fair Share Act” are Robi....

  • XCD opening Peregrine farm-out at NAPE - 01/26/2020 (Login to read Full story) XCD Energy is launching its farm-out campaign for Project Peregrine on Alaska's North Slope at NAPE in early February, XCD managing director Dougal Ferguson told Petroleum News Jan. 21. “We have kept it as broad as possible to attract as many players — large and small — as possible,” he said, meanin....

  • BLM extends NPR-A plan comment period - 01/26/2020 (Login to read Full story) The Bureau of Land Management said Jan. 21 that it has extended the public comment period for the National Petroleum Reserve-Alaska integrated activity plan/draft environmental impact statement by 15 days to Feb. 5. The comment period had been 60 days; it is now 75 days. BLM said the comment period....

  • ANS crude production in forecast range - 01/26/2020 (Login to read Full story) The Department of Natural Resources' Division of Oil and Gas updated the Senate Finance Committee on crude oil production figures at the committee's first meeting of the new legislative session. In a Jan. 22 presentation by DNR Deputy Commissioner Sara Longan and reservoir engineer Maduabuchi Pasca....

  • Oil patch bits: Udo Cassee appointed Nordic Calista general manager - 01/26/2020 (Login to read Full story) Calista Corp. said Jan. 15 that it has appointed longtime employee of Nordic-Calista Services Udo Cassee to fill new role as general manager. Cassee has filled several management roles with Nordic Calista since he started with the company in 2003. Before Nordic Calista, Cassee spent 11 years of his....

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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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