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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.
  • A bonding question - 10/21/2018 (Login to read Full story) In the latest step in the lengthy process of reviewing the surety bonding requirements for operators of oil and gas wells in Alaska, on Oct. 16 the Alaska Oil and Gas Conservation Commission held a public hearing on its latest proposal for bonding changes. The purpose of a surety bond, which an oper....

  • 3 factors boosting oil - 10/21/2018 (Login to read Full story) A competitive oil tax system, the use of new technologies and the effective management of production costs are all helping fuel a resurgence in oil exploration, development and production in Alaska, Joe Marushack, president of ConocoPhillips Alaska, told the Anchorage Chamber of Commerce on Oct. 15.....

  • Eagle Spirit set to fly - 10/21/2018 (Login to read Full story) When Enbridge's plan to build the Northern Gateway pipeline from the Alberta oil sands to a tanker port at Prince Rupert was scuppered by the Canadian government two years ago that seemed to shatter any hopes of moving crude oil across northern British Columbia. Not so fast, is the message from Firs....

  • BLM, Corps issue joint ROD for Conoco's Greater Mooses Tooth 2 - 10/21/2018 (Login to read Full story) The federal Bureau of Land Management said Oct. 16 that it issued a joint record of decision with the U.S. Army Corps of Engineers Oct. 15 for ConocoPhillips Alaska's Greater Mooses Tooth 2 project. BLM published a final supplementary environmental impact statement for GMT2 in early September, esse....

  • Great Bear files ops plan for Winx well in western lease block - 10/21/2018 (Login to read Full story) Great Bear Petroleum Operating LLC has filed a lease plan of operations with the Alaska Department of Natural Resources, Division of Oil and Gas, for an exploration well within the western lease block this winter season. The Winx No. 1 well will be drilled in section 21 of township 8 north, range 5....

  • AGDC has signed for half of RIK-TAG Prudhoe, Point Thomson gas - 10/21/2018 (Login to read Full story) The Alaska Gasline Development Corp. has agreements to enter into definitive gas sales agreements with both BP and ExxonMobil, AGDC Vice President of Commercial and Economics Lieza Wilcox noted at AGDC's Oct. 11 board meeting. What that means, she said, is that AGDC has signed for more than half of....

  • Cenovus inks big rail deals, 3-year contracts to Gulf Coast - 10/21/2018 (Login to read Full story) Cenovus Energy, one of the largest oil sands producers, watched its shares jump in value by more than 9 percent a day after it locked in three-year deals with Canada's two largest railroads to move 100,000 barrels per day of heavy crude to key markets on the U.S. Gulf Coast. The contracts with Canad....

  • Icebreaker tests oil spill recovery system - 10/21/2018 (Login to read Full story) A Finnish icebreaker has conducted an oil spill response exercise in the Baltic Sea, testing a new, inbuilt oil recovery system — a first for an icebreaker. The vessel, Polaris, can collect 1,400 cubic meters of oil, even in harsh and icy weather conditions. The Polaris operates mainly in the Balti....

  • Dispute continues over Unocal TAPS share - 10/21/2018 (Login to read Full story) Unocal Pipeline Co. told the Regulatory Commission of Alaska Sept. 26 that it is still not in a position to file an application to transfer its operating authority in the Trans Alaska Pipeline System. Unocal said that, as it has explained in earlier filings, Unocal and the other carriers — BP Pipel....

  • AOGCC makes Three Mile Creek P&A decision - 10/21/2018 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has issued a decision on plugging and abandonment responsibility for the Three Mile Creek Unit 1, 2 and 3 wells formerly operated by Aurora Gas. When Aurora Gas went bankrupt it had 19 wells on the west side of Cook Inlet, only six of which were purcha....

  • Projected GMT-2 production volumes - 10/21/2018 (Login to read Full story) The article titled “Early GMT-1 start” in the Oct. 14 issue of Petroleum News incorrectly states that ConocoPhillips anticipates peak production of 35,000 to 49,000 barrels per day of oil from the GMT-2 drill pad. In fact, the company anticipates peak production of 35,000 to 40,000 barrels per day f....


  • Barrow gas field production holds steady - 10/21/2018 (Login to read Full story) The Barrow gas fields are unique in Alaska hydrocarbon development. The three natural gas fields in the vicinity of Utqiagvik, formerly Barrow, are the only oil or natural gas properties in the state operated by a public entity for public consumption. The fields — South Barrow, East Barrow and Walak....

  • Colorado Court hears high-stakes O&G suit - 10/21/2018 (Login to read Full story) An attorney for six young people who want the state to impose tougher safeguards on the energy industry told the Colorado Supreme Court Oct. 16 that the law requires regulators to protect public health from the hazards of drilling. A lawyer for the state countered that regulators acted properly whe....

  • National drilling rig count up 11 to 1,063 - 10/21/2018 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. was up by 11 the week ending Oct. 12 to 1,063. At this time a year ago there were 928 active rigs. Houston oilfield services company Baker Hughes reported that 869 rigs targeted oil (up by eight from the previous week) and 193 targeted....

  • An unusual year for Arctic sea ice - 10/21/2018 (Login to read Full story) A review by the National Snow and Ice Data Center of this year's Arctic sea ice melt season shows some unusual features in the weather patterns and the accompanying ice melt phenomena. As previously reported in Petroleum News, the sea ice minimum, at the end of the melt season, was tied with the 200....

  • Proposed railroad could quintuple crude - 10/21/2018 (Login to read Full story) Promoters of a plan to build a 150-mile railroad that could possibly quintuple oil production in Utah and create 27,000 jobs are asking the state for help with the project's $1.4 billion price tag. Members of the Seven County Infrastructure Coalition are hoping that federal grants will eventually c....

  • Kenai Peninsula Borough comments to FERC - 10/21/2018 (Login to read Full story) The Kenai Peninsula Borough filed comments with the Federal Energy Regulatory Commission Oct. 11 responding to comments filed by the Matanuska-Susitna Borough on Sept. 14. The Alaska Gasline Development Corp.'s application to FERC has Nikiski on the Kenai Peninsula as the preferred location for the....

  • ‘Alaskans first' hiring agreement - 10/21/2018 (Login to read Full story) The Alaska Gasline Development Corp. said Oct. 13 that it agreed to key terms of an “Alaskans first” hiring agreement with local labor organizations, terms of which are captured in a memorandum of understanding signed by the presidents of AGDC, South Central Alaska Building & Trades Council, Fairban....

  • Oil Patch Bits: Alliance elects new board members; welcomes new president - 10/21/2018 (Login to read Full story) The Alaska Support Industry Alliance said that on Oct. 11 it held its annual meeting and board elections at the Marriott Hotel. Patrick Walsh with NW Consulting became the Alliance board president for 2018-19 and the membership elected seven directors to the board; Kelly Droop with Jacobs, Cathy Dux....

  • Oil Patch Bits: Fluor's Davies named 2018 finalist by S&P Global Platts - 10/21/2018 (Login to read Full story) Fluor Corp. announced Oct. 10 that Lisa Davies, project engineering manager, was named a Global Energy Awards Rising Star finalist by S&P Global Platts. Winners will be announced at the S&P Global Platts Global Energy Awards banquet on Dec. 6 in New York. Davies represents Fluor's power business lin....

  • Oil Patch Bits: NBA Champion A.C. Green Jr. to host Anchorage clinic - 10/21/2018 (Login to read Full story) As part of the fourth annual Jr. NBA week, three-time NBA Champion A.C. Green Jr. and the Jr. NBA will partner with Arctic Slope Community Foundation from Oct. 13-18 to host a series of clinics in Anchorage, Alaska. Bringing together more than 200 boys and girls and 100 coaches from across the state....

  • 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.

  • 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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