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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.
  • The debate continues - 04/15/2018 (Full story) On April 5 the House Special Committee on Energy heard further testimony on issues surrounding efforts to adopt a more unified approach to the management and operation of the electricity supply system that serves consumers in the Alaska Railbelt. As reported previously in Petroleum News, the committ....

  • Pipeline in crisis - 04/15/2018 (Full story) In a stunning move, Kinder Morgan has suspended all “non-essential” work on its Trans Mountain pipeline expansion in Canada, effectively setting May 31 as a “make-or-break” deadline for its future in the C$7.4 billion project. Alberta Premier Rachel Notley immediately raised the stakes, declaring th....

  • New tax bill introduced - 04/15/2018 (Full story) Rep. Paul Seaton, R-Homer, co-chair of the House Finance Committee, provided an overview April 10 of a committee bill introduced April 6 intended to raise production taxes on the oil and gas industry in Alaska. Seaton told committee members that tax increase provisions in House Bill 411 were almost....

  • ConocoPhillips sets drilling records - 04/15/2018 (Login to read Full story) ConocoPhillips Alaska has set North American and Alaska drilling records at the CD5 drill site in the Colville River unit. The company said April 10 that its CD5-25 well set the North American land-based well drilling record for the longest horizontal lateral, 21,748 feet. The well was drilled by Do....

  • 88 Energy says Icewine 3-D work completed - 04/15/2018 (Login to read Full story) 88 Energy Ltd. said April 6 that its Icewine 3-D seismic survey was completed March 28, as was a second survey, over the Yukon Gold acreage the company acquired last year. The company said processing of data from initial areas of the Icewine acquisition has begun and some early products will be avai....

  • IGU in pursuit of new gas supply - 04/15/2018 (Login to read Full story) On April 9, during a board meeting called at short notice, the board of the Interior Gas Utility passed a resolution authorizing Jomo Stewart, IGU general manager, to finalize the terms of a new gas supply contract for the utility. Neither IGU nor the board is disclosing either the identity of the g....

  • Bonding bills move to Finance - 04/15/2018 (Login to read Full story) The bills proposed by the administration to bond for payment of oil tax credits, allowing them to be paid off quickly, have progressed through the Resources Committee in both House and Senate. House Bill 331 was awaiting transmittal to the next committee (House Finance) when this issue of Petroleum....

  • AOGCC approves Meltwater water injection - 04/15/2018 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has issued an area injection order allowing ConocoPhillips to inject seawater and produced water into the oil reservoir for the Meltwater satellite oil field in the Kuparuk River unit. ConocoPhillips has said, and the commission agrees, that water injec....

  • EIA forecasts Brent at $63 through 2019 - 04/15/2018 (Login to read Full story) The U.S. Energy Information Administration's forecast for Brent crude oil spot prices in its April Short-Term Energy Outlook remains roughly the same as the March outlook. “The short-term outlook continues to forecast that Brent crude oil spot prices will average $63 per barrel in both 2018 and 201....

  • Spill response in ice laden waters - 04/15/2018 (Login to read Full story) Responding to an oil spill in ice-laden waters in the Arctic offshore is different from an offshore spill response in warmer climes. And on March 29 during the Alaska Oil Spill Response Symposium Vince Mitchell, Lamor Corp. executive vice president, talked about some new technologies that have been....

  • Five Cook Inlet development plans approved - 04/15/2018 (Login to read Full story) The state has issued approvals for plans of development for five small fields in Cook Inlet, two operated by Glacier Oil's Cook Inlet Energy and three by Hilcorp Alaska. Companies are required to file PODs for Alaska Department of Natural Resources' Division of Oil and Gas approval annually, outlin....

  • Tug on station - 04/15/2018 (Login to read Full story) The article “New vessels arrive” in the April 8 issue of Petroleum News incorrectly stated that when a tanker outbound from the Valdez Marine Terminal departs Prince William Sound a sentinel tug remains on station at the Hinchinbrook Entrance to the Sound until the tanker is 70 miles out into the Gu....

  • Committee moves HB 322, increases fines - 04/15/2018 (Login to read Full story) House Finance has moved House Bill 322, the House Resources bill increasing oil spill fines to keep up with inflation. The 6-4 committee vote, April 7, was largely on party lines. The bill is now in House Rules and goes next to the House floor and, upon House passage, to the Senate. There is no com....

  • Legislature confirms RCA commissioners - 04/15/2018 (Login to read Full story) During a joint meeting of the House and Senate, on April 10 the Alaska Legislature confirmed the appointment of three commissioners for the Regulatory Commission of Alaska: Janis Wilson, Paul Lisankie and Antony Scott. The confirmations take effect on May 2. Janis Wilson is already an RCA commission....

  • Alaskan heroes to be honored at Red Cross breakfast - 04/15/2018 (Login to read Full story) The American Red Cross of Alaska said it will honor individuals for acts of heroism throughout Alaska at the 19th annual Real Heroes Breakfast, presented by ConocoPhillips. This inspiring event raises critical funds for the Red Cross of Alaska. The event takes place in the Hotel Captain Cook ballroo....

  • Arctic Slope Regional Corp. mourns Sen. Daniel Akaka - 04/15/2018 (Login to read Full story) Arctic Slope Regional Corp. said April 6 that following today's passing of former Hawaii Sen. Daniel Akaka, it was issuing the following statement: “ASRC mourns the loss of Senator Daniel Akaka. Often regarded as Alaska's fourth senator, Senator Akaka had a deep connection to our state. He served o....

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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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