Good trends for Alaska - 02/22/2015 (Full story)
With oil prices at six-year lows, it can be difficult to see much optimism for Alaska.
But three trends bode well for the oil and gas sector in Alaska over the next 20 years, according to the most recent edition of the BP Energy Outlook 2035, released Feb. 17.
First, the global energy system is chan....
A question of pricing - 02/22/2015 (Full story)
With the Alaska Legislature holding the purse strings for an Alaska Industrial Development and Export Authority project to bring affordable natural gas to Fairbanks and the surrounding area of the Alaska Interior, recent convulsions in the project have been causing angst among some lawmakers. And a....
Coping with turmoil - 02/22/2015 (Full story)
More than usual, there is no consensus available for those seeking guidance in the world's storm-tossed crude markets.
In two of the latest assessments, Citigroup reckons that US$20 a barrel is on the horizon, while the International Energy Agency forecasts that a “market rebalancing will likely occ....
BLM ROD goes with Conoco, Corps Greater Mooses Tooth alternative - 02/22/2015
The Bureau of Land Management said Feb. 13 that it has issued a record of decision for the proposed Greater Mooses Tooth 1 development project in the National Petroleum Reserve-Alaska and has selected Alternative A as its development alternative.
BLM said issuance of the ROD opens “the way for the....
BOEM publishes final Chukchi SEIS, affirms 2008 holding of lease sale - 02/22/2015
The Bureau of Ocean Energy Management has published the final supplemental environmental impact statement for the 2008 Chukchi Sea lease sale in which Shell, ConocoPhillips, Statoil and other companies purchased leases. The agency has been reworking the document as a consequence of a federal Distric....
Hawker: state close as it has been to gas - 02/22/2015
House Rep. Mike Hawker is back in two familiar seats: that on House Resources and as chair for the Legislative Budget & Audit Committee, which is taking the lead in securing consultants for a large-diameter gas line project.
Hawker was interviewed three days prior to an announcement of the AGDC boar....
Uploading fossil fuels - 02/22/2015
Students and faculty in universities across Canada are putting pressure on their boards of governors to eliminate fossil fuel related investments from their endowment portfolios.
Currently faculties at five universities — notably the University of Toronto, Canada's largest, and the University of Bri....
Great Bear uses airborne mapping tool - 02/22/2015
In the interests of having detailed information at its fingertips about its surface acreage, Great Bear Petroleum has been conducting airborne LIDAR surveys over its North Slope oil and gas leases. The company carried out surveys of this type in the summers of 2012 and 2014 and has an eventual aim o....
Conoco permitting Kuparuk seismic - 02/22/2015
As part of its ongoing efforts to revitalize the aging Kuparuk River unit, ConocoPhillips Alaska Inc. is permitting a 3-D seismic survey this winter in the Oliktok Point region
The proposed program would cover 103 square miles focused on the northern end of Kuparuk and including portions of the Miln....
AKLNG project online for 2016 FEED decision - 02/22/2015
Two committees of the Alaska Legislature, House Resources and Senate Resources, heard an update Feb. 18 from the sponsor group for the Alaska LNG project.
The parties are working together, legislators were told, based on the heads of agreement signed last January and Senate Bill 138 which authorize....
Walker proposes legislation, withdraws lawsuit on Point Thomson settlement - 02/22/2015
Following up on statements made Feb. 11, Alaska Gov. Bill Walker has introduced legislation and withdrawn a lawsuit he filed against the Point Thomson settlement prior to his election as governor.
House Bill 109 has referrals to the Resources, Labor and Commerce and Judiciary committees; Senate Bil....
Coast Guard recertifies CIRCAC - 02/22/2015
The U.S. Coast Guard has recertified a Cook Inlet advisory group for another year.
The certification allows the Cook Inlet Regional Citizens' Advisory Council to continue monitoring terminal facilities and crude oil tankers in the region through August 2015.
The CIRCAC was created through the Oil P....
Sale still possible for Umiat field - 02/22/2015
Linc Energy Ltd. is continuing to privately negotiate a potential sale of its Umiat field.
In a recently published financial statement for the latter half of 2014, the Australian-based company said it “continues to engage with these parties in confidential negotiations while continuing to progress i....
Miller shareholder settlement approved - 02/22/2015
A federal judge has given final approval to a nearly $3 million settlement between Miller Energy Resources Inc. and certain shareholders.
The settlement resolves lawsuits investors filed after Miller's stock price tanked in 2011. The suits were consolidated into a single case, with the Oklahoma Fire....
2020s Prudhoe gas sales could be well timed - 02/22/2015
Why pressure matters
It's wrong to picture oil in a reservoir as a vast underground lake waiting to be siphoned dry.
Rather, oil and gas lie in tiny pores of certain kinds of porous rock, such as sandstone and conglomerate at Prudhoe. And they move to wells via minute connected pathways in the rock,....
RCA approves rates for GVEA pipeline - 02/22/2015
State regulators have approved a settlement agreement between Golden Valley Electric Association Inc. and Petro Star Inc. for use of a short pipeline system in the Interior.
The settlement became necessary after Flint Hills Resources Alaska Inc. ended its North Pole operations last year, leaving GVE....|