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  • Furie scales back - 11/29/2015 (Full story) Furie Operating Alaska LLC is scaling back its immediate development program at the Kitchen Lights unit, citing market constraints for natural gas in the Cook Inlet basin. The independent had initially planned to drill two new development wells at the offshore Cook Inlet unit in 2016 to expand on pr....

  • Overturn at AGDC - 11/29/2015 (Full story) The head of the Alaska Gasline Development Corp. and the head of its board are both out. On Nov. 20 Alaska Gov. Bill Walker, citing a need for a municipal voice on the AGDC board, replaced John Burns. On Nov. 21 the AGDC board, composed of six Walker appointees and one remaining appointee of forme....

  • Grim and grimmer - 11/29/2015 (Full story) Canada's upstream oil and natural gas sector is now “facing one of the most difficult times in a generation,” said Mark Scholz, president of the Canadian Association of Oilwell Drilling Contractors. He said the service sector expects to lose 28,485 jobs over the past two years, or 57 percent of its....

  • Kitchen Lights field goes on line; gas production is now ramping up - 11/29/2015 (Login to read Full story) Natural gas production from Furie Operating Alaska's Kitchen Lights field, offshore in Cook Inlet, started on Nov. 22, Bruce Webb, Furie senior vice president, has told Petroleum News. Furie is selling its gas through an initial sales contract which will last until at least the end of the year — pro....

  • Conoco maintains Alaska spend despite low prices, workforce drop - 11/29/2015 (Login to read Full story) While commenting that the current oil price environment is extremely difficult, Joe Marushack, president of ConocoPhillips Alaska, said that his company is maintaining its capital spending program in Alaska, although the company has reduced operating costs through a cut in its workforce. In a situat....

  • Caelus credits tax system for Alaska involvement - 11/29/2015 (Login to read Full story) Jim Musselman, president and CEO of Caelus Energy, and his colleagues only decided to enter the Alaska oil industry after the passage of Senate Bill 21, the law reforming Alaska's oil production tax system, Casey Sullivan, director of public affairs for Caelus Energy Alaska LLC, told the Resource De....

  • Aurora renewing Nicolai Creek focus - 11/29/2015 (Login to read Full story) Aurora Gas LLC is again considering plans for a new development well at the Nicolai Creek unit to access deeper natural gas accumulations beyond the reach of existing wells. The company is also looking into reviving a dormant storage operation. If economically feasible, the Anchorage-based independe....

  • Coghill likes SB 3001, pipeline progress - 11/29/2015 (Login to read Full story) Sen. John Coghill has been in office since 1999, either as a member of the House or Senate. Now the North Pole Republican serves as the Senate Rules chairman and enjoys a seat on the Senate Resources Committee. While Resources did not hear Gov. Bill Walker's SB 3001, which approved the buyout of Tra....

  • Hilcorp pushes on with Alaska program - 11/29/2015 (Login to read Full story) Hilcorp is continuing to push ahead with its efforts to revitalize oil and gas fields in the Cook Inlet basin and on Alaska's North Slope, Greg Lalicker, president of Hilcorp Energy, told the Resource Development Council's annual conference on Nov. 19. The company is also pursuing some new developme....

  • TransCanada stop, go - 11/29/2015 (Login to read Full story) TransCanada's hopes of adding TransUS to its title got shelved with the rejection of Keystone XL, followed by the company's own decision to withdraw a disputed application to route the pipeline through Nebraska. Although a TransCanada spokesman said the company has reserved the right to reapply, pos....

  • Canada's sinking natural gas sector - 11/29/2015 (Login to read Full story) Canada's natural gas sector is headed for its worst combined financial loss in six years, the Conference Board of Canada has predicted. The precipitous fall in gas prices and the slump in by-products such as propane and butane could result in layoffs next year as companies are forced to take cost-cu....

  • Guesswork takes priority in latest IEA outlook - 11/29/2015 (Login to read Full story) During more than 40 years of forecasting, the International Energy Agency has periodically caused head-scratching. But seldom has the IEA baffled Canadian observers more than in its latest World Economic Outlook, projecting that Canada will increase its crude oil output by another 2.5 million barrel....

  • Alberta targets increased carbon tax - 11/29/2015 (Login to read Full story) It was a scene that would have been unthinkable six months ago before Albertans elected a socialist New Democratic Party that was seen as an enemy of the petroleum industry by pledging aggressive measures to combat climate change. But the unthinkable happened in Edmonton on Nov. 22 when Premier Rach....

  • Aboriginal plans for British Columbia LNG - 11/29/2015 (Login to read Full story) British Columbia aboriginals have their sights fixed on another entry point into the LNG industry. The Tsawwassen First Nation, a community of 286 south of Vancouver, is exploring the prospect of building a terminal capable of loading up to six tankers a month and exporting 3 million to 5 million me....

  • Pursuing an exit for oil sands crude - 11/29/2015 (Login to read Full story) Believers and backers of proposals to refine oil sands bitumen on the British Columbia coast and in Alberta to overcome a barrier to selling the crude in the Asia-Pacific region have yet to abandon their dreams. There are three plans in the works — Kitimat Clean, which is proposing a 550,000 barrels....

  • AOGCC updates Milne well requirements - 11/29/2015 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has amended, rather than rescinding, a 1997 order which allowed wells at the Milne Point unit with electrical submersible pumps to be completed without a packer regardless of the potential of the wells to flow to surface. BP Exploration (Alaska), which....

  • Russia says bombing cuts IS oil income - 11/29/2015 (Login to read Full story) The Russian military has destroyed numerous oil facilities and tankers controlled by the Islamic State group in Syria, sharply cutting its income, Russia's defense minister said Nov. 20. Minister Sergei Shoigu reported to President Vladimir Putin on Nov. 20 that Russian warplanes destroyed 15 oil r....

  • Tesoro acquires Flint marketing, logistics - 11/29/2015 (Login to read Full story) Tesoro Corp. said Nov. 23 that its affiliate Tesoro Alaska Co. LLC will be acquiring Flint Hills Resources' wholesale marketing and logistics assets in Anchorage and Fairbanks. The former Flint Hills Resources North Pole refinery is not part of the acquisition. Tesoro Corp. Chairman, President and....

  • Oil Patch Bits: Eutelsat and Futaris deliver satellite services - 11/29/2015 (Login to read Full story) Futaris Inc. announces it is investing in a new C-Band antenna for its Anchorage teleport to provide services in Alaska using Eutelsat Communications' new-generation Eutelsat 115 West B satellite. This investment complements Futaris' Colorado based antennas connected to Eutelsat 115 West B, supporti....

  • Oil Patch Bits: Local car dealership shares the love with CSS - 11/29/2015 (Login to read Full story) As part of the national 2015 Subaru Share the Love program, Continental Subaru has chosen Clare House and Charlie Elder House as their “hometown charity” to participate in this year's holiday event. From Nov. 19, 2015 to Jan. 2, 2016, customers who purchase or lease a new Subaru vehicle can select....

  • Oil Patch Bits: Fluor awarded PMI's 2015 Project of the Year - 11/29/2015 (Login to read Full story) Fluor Corp. said that the Project Management Institute has selected Chevron's El Segundo refinery coke drum reliability project as its 2015 Project of the Year. Fluor served as the engineering, procurement and construction management contractor, in addition to performing initial studies and front-en....

  • Petroleum News also offers a News Bulletin Service.
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    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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