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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Managing the risk - 11/18/2018 (Login to read Full story) During a five-day hearing the week of Oct. 22 the Regulatory Commission of Alaska gathered testimony on proposed upgrades to the Cook Inlet Natural Gas Storage Alaska facility on the Kenai Peninsula. CINGSA has expressed concern about its vulnerability to the failure of single items of equipment in....

  • Trudeau under fire - 11/18/2018 (Login to read Full story) Canada is fast becoming “irrelevant” in the global energy industry under the disastrous climate-change policies of Prime Minister Justin Trudeau — a trend that has been accelerated by a US$7.7 billion acquisition of Houston-based Newfield Exploration by Calgary-based Encana. That blunt assessment c....

  • Permitting moratorium - 11/18/2018 (Login to read Full story) Receiving a standing ovation at the end of his announcements, Gov.-elect Mike Dunleavy named former Division of Oil and Gas Director Corri Feige to head the Alaska Department of Natural Resources and said he would ask outgoing Gov. Bill Walker to put a freeze on the creation of any new state permitt....

  • Oil Patch Insider: ASX company enters North Slope; former AOGCC comm. Babcock steps up as Dunleavy chief of staff - 11/18/2018 (Login to read Full story) Paul Craig, veteran oil and gas investor and independent in Alaska, has closed a deal with the small, publicly traded Australian oil company Elixir Petroleum Ltd. for the South Nanushuk prospect. Elixir, which Craig first hinted at in the July 3 edition of Petroleum News, has purchased 100 percent w....

  • Oil price tumbling amid uncertainty - 11/18/2018 (Login to read Full story) Having in early October attained levels in the mid $80s, the price per barrel of Brent crude has fallen again, dropping to just over $70 at the beginning of November. And within that overall trend, there has been price instability, in response to geopolitical developments and the related potential i....

  • BLM sets Dec. 12 sale date for NPR-A; 2.85M acres, 254 tracts - 11/18/2018 (Login to read Full story) The federal Bureau of Land Management has set Dec. 12 as the sale date for its National Petroleum Reserve-Alaska 2018 sale, with 2.85 million acres to be offered in 254 tracts. As in the last couple of years, the bid opening will be via video livestream available at www.blm.gov/alaska, with bid open....

  • Big plans, big challenges for Canadian oil plays, market access - 11/18/2018 (Login to read Full story) Two of Canada's biggest oil plays have received a long-range vote of confidence at the same time efforts to access new markets for Canadian oil have suffered more setbacks. Imperial Oil announced a C$2.6 billion plan to proceed with a 75,000 barrels per day oil sands operation in Alberta, while the....

  • Renewable energy costs continue to fall - 11/18/2018 (Login to read Full story) Financial consulting and asset management firm Lazard has published a report indicating that renewable energy sources, in particular solar photovoltaic, or PV, and onshore wind, have become cost competitive, and in some cases cheaper, than power generated from natural gas or coal fuel. Another Lazar....

  • No ice-hardened ships for US Navy - 11/18/2018 (Login to read Full story) The Government Accountability Office has issued a report concurring with a report published by the U.S. Navy, finding that the Navy does not require ice-hardened vessels in order to be able to execute the Department of Defense's Arctic strategy. The findings come in contrast to the strategy of the U....


  • National drilling rig count up 14 to 1,081 - 11/18/2018 (Login to read Full story) The number of rigs drilling for oil and natural gas in the U.S. was up by 14 the week ending Nov. 9 to 1,081. At this time last year there were 907 active rigs. Houston oilfield services company Baker Hughes reported that 886 rigs targeted oil (up by 12 from the previous week) and 195 targeted natu....

  • Lawyer: Trump exceeded power by reversing ban - 11/18/2018 (Login to read Full story) President Donald Trump exceeded his power when he signed an executive order reversing a ban on offshore drilling in vast parts of the Arctic Ocean and dozens of underwater canyons in the Atlantic Ocean, an attorney argued in federal court Nov. 9. Erik Grafe, an Alaska-based attorney for the environ....

  • State approves Kuparuk River unit transfer - 11/18/2018 (Login to read Full story) The Alaska Division of Oil and Gas said Nov. 13 that it has approved lease assignments from BP Exploration (Alaska) Inc. to ConocoPhillips Alaska II Inc., a subsidiary of ConocoPhillips Alaska Inc., for the Kuparuk River unit. The companies said July 3 that ConocoPhillips was acquiring BP's 39.2 pe....

  • BP plans 533 square miles of 3-D seismic - 11/18/2018 (Login to read Full story) BP Exploration (Alaska) has applied to the Division of Oil and Gas for a land use permit for a 3-D seismic program in Prudhoe Bay unit; the survey will be performed by SAExploration. BP said the work will begin in the first week of January or when the tundra opens for winter travel and continue unti....

  • Oil Search changes plan for Pikka B well - 11/18/2018 (Login to read Full story) According to a revised plan of operations approved by Alaska's Division of Oil and Gas, Oil Search has changed its plan for the drilling of the Pikka B well, in its North Slope Pikka unit this winter. The Pikka B well is one of two exploration wells that Oil Search plans to drill this winter. The ot....

  • New environmental review for Keystone XL - 11/18/2018 (Login to read Full story) In a setback for the Trump administration, a federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to conduct a new environmental review. Environmentalists and tribal groups cheered the ruling by a U.S. district judge in Montana, while....

  • AOGCC receives petition on gas flaring - 11/18/2018 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has received a petition for a hearing to bar all non-emergency venting and flaring and has scheduled a public hearing for Dec. 18 at 10 a.m. at its Anchorage offices. The petition request came from Kate Troll who told the commission she collected signa....

  • Iran oil minister: US waivers not enough - 11/18/2018 (Login to read Full story) Iran's oil minister on Nov. 7 predicted a painful time ahead for international oil customers as U.S. sanctions take hold, saying waivers that Washington granted to eight major oil-importing countries are not enough for market demands. Iranian state TV quoted the minster, Bijan Zanganeh, as saying h....

  • Oil Patch Bits: NORTECH announces addition of Mikkel Foltmar to its team - 11/18/2018 (Login to read Full story) NORTECH Inc. said Nov. 11 that it is pleased to announce Mikkel S. Foltmar has joined to its team in the position of environmental engineer in training for NORTECH in the state of Alaska. Foltmar graduated from the Technical University of Denmark in 2014 with a MSc. Eng. in environmental engineering....

  • 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.

  • 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

    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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