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  • AIDEA assistance - 01/25/2015 (Full story) AIDEA, the Alaska Industrial Development and Export Authority, is considering providing up to $50 million in loan financing for Furie Operating Alaska's Kitchen Lights gas field development, offshore in Cook Inlet. During its Jan. 14 meeting the AIDEA board passed a resolution authorizing the author....

  • Fear is to be feared - 01/25/2015 (Full story) The Canadian oil patch is about to find out how perceptive Franklin D. Roosevelt was in his inaugural speech in 1933 when he famously declared that the “only thing we have to fear itself.” It's now without question that fear is taking hold in the industry, reflected by upstream drilling activity tha....

  • Royalty relief for Nuna - 01/25/2015 (Full story) The Alaska Department of Natural Resources has confirmed that it will set a reduced royalty rate for production from Caelus Natural Resources Alaska's planned Nuna development in the Oooguruk field under the nearshore waters of the Beaufort Sea. Caelus had said that the development would be uneconom....

  • Walker focuses on opportunities; says gas will move to tidewater - 01/25/2015  Alaska's new governor, Bill Walker, delivered his first state-of-the-state address Jan. 21. While short on oil and gas specifics, Walker had a positive message, saying that even though the state faces economic challenges caused by the dramatic drop in crude oil prices, the focus needs to be on opp....

  • Corps ROD selects Conoco's GMT1 alternative over BLM's - 01/25/2015  The U.S. Army Corps of Engineers has selected ConocoPhillips Alaska's alternative for the Greater Mooses' Tooth 1 project as its environmentally preferred alternative and the least environmentally damaging practicable alternative. In its final supplemental environmental impact statement, issued in....

  • Coghill wants to see Walker's gas plan - 01/25/2015  Sen. John Coghill returns to Juneau in his second term as majority leader, the position which runs operations on the Senate floor. The North Pole Republican held the post with the House and Senate and has held other key leadership posts since first taking office as a member of the House in 2001. Bu....

  • British Columbia keeps LNG hopes alive - 01/25/2015  There is no shortage of critics suggesting that British Columbia's hoped-for LNG industry is in decline, but some of the outward appearances suggest otherwise. Official word from the joint venture by ExxonMobil and Imperial Oil that they have entered the regulatory phase for their planned C$25 billi....

  • TAPS carriers withdraw tank farm request - 01/25/2015  The major trans-Alaska oil pipeline owners — BP Pipelines (Alaska) Inc., ConocoPhillips Transportation Alaska Inc. and ExxonMobil Pipeline Co. — have withdrawn a December application to discontinue use of the West Tank Farm at the Valdez Marine Terminal. The companies said the tanks were already di....

  • KBPL defending pipeline expansion - 01/25/2015  A proposed expansion of east-to-west capacity across Cook Inlet would benefit all customers on the integrated pipeline system, even those customers who currently have no intention of shipping or receiving those supplies, according to the system operator. Tesoro Alaska Co. LLC and Homer Electric Asso....

  • Shell Arctic rigs may winter in Seattle - 01/25/2015  Shell Oil's Arctic drilling rigs and barges may use the Port of Seattle as a winter port. The port commission approved an agreement Jan. 13 over the objections of environmentalists who oppose drilling in the Arctic. KUOW reports ( port staff will negotiate a lease expected to....

  • CIPL defends shipping rate increase - 01/25/2015  Cook Inlet Pipe Line Co. is standing by its recent rate increase. The Hilcorp Alaska LLC subsidiary believes the Regulatory Commission of Alaska correctly approved the increase despite the objections of Cook Inlet Energy LLC. The higher rates went into effect at the start of 2015. A 2010 settlement....

  • Chukchi lease sale SEIS on track for March - 01/25/2015  In its latest status report, dated Jan. 20, BOEM, the Bureau of Ocean Energy Management, has said that it is still on target to issue a new record of decision for the 2008 Chukchi Sea lease sale in March. The agency is currently reworking the supplemental environmental impact statement for the lease....

  • First Nations feud over BC refinery - 01/25/2015  A deep rift has developed among aboriginal leaders in Canada over plans to develop a 200,000-barrel-per-day bitumen refinery in British Columbia, opening the door to gasoline and diesel exports to Asia. In a blunt ultimatum, Art Sterritt, the outspoken executive director of Coastal First Nations (re....

  • Hilcorp drops Swanson comingle request - 01/25/2015  The Alaska Oil and Gas Conservation Commission heard testimony from Hilcorp Alaska LLC Jan. 15 on the company's request for changes in gas pool rules for the Swanson River field. The company applied for definition of three Swanson River gas pools; unrestricted gas well spacing for wells at least 1,....

  • Declines cutting into ‘sustainable yield' - 01/25/2015  As lawmakers head into a session where declining oil revenues promise to drive budget talks, the University of Alaska has introduced an interactive model of fiscal policies. The online tool — available at — allows the public to see how various revenue forecasts and spending plans....

  • FNG defending turf in contract - 01/25/2015  As it seeks approval for a proposed liquefied natural gas supply agreement, Fairbanks Natural Gas LLC wants regulators to differentiate between in-house counsel and outside counsel when it comes to who can see confidential materials pertaining to the case. The request would prevent the Fairbanks Nor....

  • No substantial new Cook Inlet information - 01/25/2015  The Alaska Division of Oil and Gas issued a decision Jan. 20 of no substantial new information for the 2015 Cook Inlet areawide lease sale. In the decision Paul Decker, the division's acting director, said comments submitted in response to a call for new information had been considered, and those c....

  • AIDEA evaluating Interior energy options - 01/25/2015  Following the demise of a project targeting the construction of a North Slope liquefied natural gas plant for the supply of gas to Fairbanks, on Jan. 14 the board of AIDEA, the Alaska Industrial Development and Export Authority, approved the expenditure of $700,000 on an evaluation of alternative wa....

  • Oil Patch Bits: UIC Construction names Clayton Arterburn as GM - 01/25/2015  UIC Design, Plan, Build announced Clayton Arterburn has been named UIC Construction's general manager. A life-long resident of Willow, Alaska, Arterburn holds a Bachelor of Science in construction management from Central Washington University. Prior to being appointed general manager he worked for....

  • Oil Patch Bits: Crowley increases capacity and sailing frequency - 01/25/2015  Crowley Maritime Corp.'s liner services group said it will add a 400 FEU capacity, flat deck barge to its South Atlantic Puerto Rico service in the first quarter, increasing the rotation between Jacksonville, Florida, and San Juan to four sailings each week. The company will also replace the existin....

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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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