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  • Interior Energy Project moving ahead - 01/21/2018 (Full story) During its Jan. 11 meeting the board of the Alaska Industrial Development and Export Authority reviewed the status of the Interior Energy Project, an AIDEA project to bring affordable, clean energy to Fairbanks and its surrounds. The plan is to greatly expand the existing LNG supply to Fairbanks and....

  • What is causing what? - 01/21/2018 (Full story) It has been recognized for a number of years that there appears to be an inverse relationship between the global price of oil and the value of the U.S. dollar in international currency exchange markets. In other words, as the price of oil goes up, the value of the dollar falls, and vice versa. And a....

  • Brooks Range reports Mustang flow test - 01/21/2018 (Full story) Brooks Range Petroleum Corp. has announced that a test in November of its North Tarn No. 1A well in the Southern Miluveach unit on the North Slope demonstrated an average peak flow rate of 1,292 barrels of 24 API oil per day, with only trace amounts of water. The oil came from the Kuparuk C formatio....

  • Rumor confirmed: BP's Bob Dudley met with Gov. Bill Walker; separately, Dudley cautious on ANWR - 01/21/2018 (Login to read Full story) In the previous issue of Petroleum News (Jan. 14 edition) Oil Patch Insider reported rumors that BP chief Bob Dudley met with Alaska Gov. Bill Walker on Jan. 5 in Juneau. A PN source close to the governor said BP's chief wanted to discuss the state's oil and gas policies, in particular Walker's acti....

  • December sea ice extent 2nd lowest - 01/21/2018 (Login to read Full story) The Arctic sea ice extent for December averaged 4.54 million square miles, the second lowest in the satellite record, which began in 1979, the National Snow and Ice Data Center said Jan. 3. The December Arctic sea ice extent was 420,900 square miles below the average for 1981 to 2010 and 108,100 sq....

  • Bill in House to increase oil taxes - 01/21/2018 (Login to read Full story) Three co-chairs of major House committees have introduced legislation to increase the state's minimum oil and gas tax from 4 percent to 7 percent. The bill targets the North Slope, applying to oil and gas produced from land north of 68 degrees North latitude and would apply to production on and aft....

  • Mat-Su disputes site selection process - 01/21/2018 (Login to read Full story) Nikiski was chosen as the lead site for the gas liquefaction plant for the Alaska LNG project back in October of 2013, when project proponents included ExxonMobil, BP, ConocoPhillips and TransCanada. The companies said that in addition to site selection factors, having the LNG facility at Nikiski “r....

  • Western area opens for tundra travel - 01/21/2018 (Login to read Full story) The North Slope western coastal area opened for tundra travel Jan. 16. The Department of Natural Resources, Division of Mining, Land and Water, said it has documented that soil temperatures and snow cover in that area have met criteria for opening — 6 inches of snow and colder than minus 5 C soil te....

  • Icewine 3-D permit gets state approval - 01/21/2018 (Login to read Full story) Geokinetics Inc. has received permit approval from the Alaska Department of Natural Resources' Division of Oil and Gas for the Icewine 3-D seismic survey, the division said Jan. 11. This is a land-based seismic survey on state land some 12 miles west of the Dalton Highway, and is effective Jan. 11 t....

  • AEA proposes rural program changes - 01/21/2018 (Login to read Full story) Alaska Energy Authority staff is proposing some changes to the manner in which it conducts AEA's Rural Power System Upgrade program, Neil McMahon, AEA energy planning project manager, told the AEA board on Jan. 11. A significant change will be a move from the funding of projects through grants to th....

  • Bills extend AIDEA's bonding authority - 01/21/2018 (Login to read Full story) An item in the Jan. 14 issue of Petroleum News incorrectly described prefiled bills extending authority to issue bonds. Those bills, House Bill 261 and Senate Bill 125, would extend the authority of the Alaska Industrial Development and Export Authority to issue bonds for a liquefied natural gas pro....

  • BSEE announces increase in maximum penalty - 01/21/2018 (Login to read Full story) The Bureau of Safety and Environmental Enforcement has announced an increase in the maximum civil penalty for violations of the Outer Continental Shelf Lands Act. The maximum penalty is rising from $42,704 to $43,576 per day for each violation, BSEE said in a Jan. 17 press release. OCSLA is the stat....

  • Chugach files Fire Island wind tariff - 01/21/2018 (Login to read Full story) In response to a request from CIRI Wind, Chugach Electric Association has filed a tariff with the Regulatory Commission of Alaska for a proposed expansion to Cook Inlet Region Inc.'s wind farm on Fire Island, offshore Anchorage. The tariff sets out Chugach Electric's estimates of its costs and cost....

  • Putu 2 exploration plan approved by state - 01/21/2018 (Login to read Full story) In a Jan. 12 decision the Department of Natural Resources, Division of Oil and Gas, approved ConocoPhillips Alaska's Putu 2 exploration project unit plan of operations. The plan includes an ice drilling pad some 2.8 miles east of Nuiqsut for the Putu 2 exploration well and sidetrack and vertical se....

  • Western Arctic caribou herd has increased - 01/21/2018 (Login to read Full story) Alaska's largest caribou herd, the western Arctic herd, is showing signs of growth after years of decline. The Department of Fish and Game's Division of Wildlife Conservation said Jan. 10 that last summer's photo census of the herd produced a count of 239,055 animals, resulting in an estimate of 25....

  • Foss Announces new chief financial officer - 01/21/2018 (Login to read Full story) Bryceon Sumner has joined Foss Maritime as chief financial officer. In his new role at Foss, Sumner will oversee all aspects of the organization's financial function and performance with an eye toward the company's long-range strategic goals. Sumner brings to the role years of experience as a leade....

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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

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