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  • Hilcorp goes big - 04/20/2014 (Full story) Even though its oil exploration activities last year yielded no commercial discoveries, Hilcorp Alaska LLC plans to drill as many as six exploration wells at the Ninilchik unit this year to follow up on recent gas discoveries made at the coastal Cook Inlet unit. The local subsidiary of the Texas-bas....

  • Gas exports to restart - 04/20/2014 (Full story) The U.S. Department of Energy has authorized the renewal of a license for the export of liquefied natural gas from ConocoPhillips' LNG facility at Nikiski on the Kenai Peninsula to countries that do not have free-trade agreements with the Unites States, ConocoPhillips said April 14. In February the....

  • Treading carefully - 04/20/2014 (Full story) Imperial Oil has never been drawn by a herd mentality in building its Canadian operations and shows no signs of changing that careful approach when it comes to deciding on an LNG project for British Columbia. In partnership with its 70 percent owner ExxonMobil, Imperial is putting out the word that....

  • Sale of Pioneer's Alaska assets to Caelus closes; includes Oooguruk - 04/20/2014  Pioneer Natural Resources announced April 15 that it had closed the sale of its Alaska subsidiary, including the Oooguruk oil field, to Caelus Energy Alaska LLC for $300 million. And on the same day Caelus Energy also confirmed the sale, saying that it had formed a strategic partnership with Apollo....

  • BC to share LNG returns with Prince Rupert area First Nations - 04/20/2014  The British Columbia government has added another plank to its LNG platform by signing two revenue-sharing pacts with First Nations in the Prince Rupert area. The agreements with the Lax Kw'alaams and Metlakalta communities demonstrate the government's resolve to work “together with First Nations a....

  • Montney entices Crew - 04/20/2014  Fast-moving Canadian junior producer Crew Energy has solidified its position in Western Canada's Montney resource play by acquiring 48,000 net acres from two unidentified parties for C$105 million, accompanying that deal with a shuffle of other assets. The Montney purchase is contiguous with existin....

  • Pipeline takes double blow - 04/20/2014  Enbridge's Northern Gateway pipeline has taken two more beatings in the court of public opinion, but the trouble-plagued project has yet to face its most critical verdict that most industry observers believe it will win. For now the C$6.5 billion plan to ship oil sands bitumen from Alberta to the de....

  • Gara concerned about contract outcome - 04/20/2014  House Rep. Les Gara said he likes the prospects of getting a natural gas pipeline built to a liquefied natural gas plant in Cook Inlet. But he's not so sure Gov. Sean Parnell's Senate Bill 138, plus the memorandum of understanding signed with TransCanada and the heads of agreement signed with North....

  • BP continuing to evaluate heavy oil - 04/20/2014  BP is continuing an engineering analysis as part of an evaluation of the eventual possibility of producing heavy oil from Alaska's North Slope, Frank Paskvan, the company's Alaska technology manager, told the Alaska Senate Resource committee on April 9 in answer to a question about the North Slope's....

  • Henry Hub gas to average $4.44 this year - 04/20/2014  The U.S. Energy Information Administration says the North Sea Brent crude oil spot price averaged $107 per barrel in March, the ninth consecutive month it has averaged between $107 and $112 a barrel. EIA said in its April short-term energy outlook that Brent is projected to average $105 per barrel t....

  • State partly approves Oooguruk expansion - 04/20/2014  Alaska's Division of Oil and Gas has approved in part an application by Pioneer Natural Resources to expand the Nuiqsut participating area in the Oooguruk oil field in the nearshore waters of the Beaufort Sea, offshore the North Slope. The state says that it agrees that the requested expansion regio....

  • Interior publishes mitigation strategy - 04/20/2014  Following a directive by Interior Secretary Sally Jewell in October, the Department of the Interior has published a new strategy for the mitigation of the environmental impacts of development projects on federal land. Characterized as “landscape-level” planning, the concept is to approach mitigation....

  • Northern Gateway faces rival - 04/20/2014  A First Nations' company, backed by one of British Columbia's wealthiest families, is trying to seize the initiative in moving synthetic crude rather than controversial bitumen from the Alberta oil sands to the Pacific Coast by proposing an alternative to Enbridge's floundering Northern Gateway proj....


  • Bill Richardson elected to Miller board - 04/20/2014  Miller Energy Resources Inc. has added Bill Richardson, former New Mexico governor and U.S. energy secretary under President Clinton, to its board of directors. Richardson was among eight directors elected to one-year terms at Miller's April 16 annual shareholders meeting. Miller, based in Knoxville....

  • Alyeska questions ‘stray metal' list - 04/20/2014  Alyeska Pipeline Service Co. is questioning the need for extensive “corrective measures” federal regulators are proposing for the trans-Alaska oil pipeline. Alyeska is the Anchorage-based company that runs the 800-mile pipeline on behalf of owners including BP, ConocoPhillips and ExxonMobil. The U.S....

  • Legislators mull infrastructure costs - 04/20/2014  Construction of a natural gas pipeline from the North Slope and a liquefied natural gas facility at Nikiski will impact state infrastructure, particularly roads and bridges. Language in the Alaska LNG Project heads of agreement between the state, the Alaska Gasline Development Corp., TransCanada, Ex....

  • DEC proposes Furie onshore facility approval - 04/20/2014  The Alaska Department of Environmental Conservation has proposed to approve an owner requested air emissions limit for Furie Operating Alaska's planned natural gas processing facility on Alaska's Kenai Peninsula. The approval would enable the plant to operate without an air emissions permit, provide....

  • Feds considering Buccaneer IHA - 04/20/2014  Buccaneer Alaska Operation LLC is seeking an incidental harassment authorization for a proposed multiwell offshore exploration program in Cook Inlet starting this summer. The local subsidiary of Australian independent Buccaneer Energy Ltd. is asking the National Marine Fisheries Service for the auth....

  • BP works ahead for summer turnarounds - 04/20/2014  BP Exploration (Alaska) has announced $76 million in work for three turnarounds planned for Prudhoe Bay this summer, including a module for Gathering Center 2 completed at NANA's Big Lake facility in April. Turnarounds are an opportunity for scheduled maintenance typically tied in with scheduled mai....

  • Is North Slope shale oil really feasible? - 04/20/2014  The question of why major oil companies do not appear to have shown any interest in potential North Slope shale-oil development came up at a meeting of the Commonwealth North Energy Action Coalition on April 11. The development of new oil resources from “tight” shale formations has upended the U.S.....

  • Legislature approves AGDC board change - 04/20/2014  Following approval by the Alaska House April 9, House Bill 383, allowing the governor to appoint a non-state resident to the board of the Alaska Gasline Development Corp., passed the Senate April 15 and was sent to the governor for his signature. The bill is essentially a fix for HB 4, passed last....

  • House Finance planning to amend Senate Bill 138 - 04/20/2014  As Petroleum News went to press Senate Bill 138, the governor's enabling legislation for state equity participation in an Alaska LNG project, was in the amendment process in its last committee, House Finance. The committee received numerous briefings on the heads of agreement and the memorandum of u....

  • Bill to replenish oil spill fund stalls - 04/20/2014  A bill to hike an environmental surcharge on oil production appeared dead as the Alaska Legislature lumbered toward adjournment. The legislation, House Bill 325, remained in the House Resources Committee on April 16, four days before lawmakers were scheduled to gavel out for the year. State Rep. Cat....

  • Oil Patch Bits: Crowley acquires international ship management company - 04/20/2014  Crowley Maritime Corp. announced that it has acquired majority ownership of Accord Ship Management (HK) Ltd. and Accord Marine Management Pvt. Ltd. The Accord acquisition will be managed by Crowley's ship management group, which provides all phases of commercial ship management along with full techn....

  • Oil Patch Bits: Global, saving coral reefs — one shipwreck at a time - 04/20/2014  Global Diving & Salvage Inc. said that in the summer of 1991, a 121-foot long Taiwanese long line fishing vessel, the HUI FENG #1, ran aground on an atoll in the middle of the Pacific. With a footprint of just 4.6 square miles Palmyra Atoll forms the most northern vegetated island in the Northern Li....

  • 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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