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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.
  • New buyer for KLU - 02/23/2020 (Login to read Full story) According to documents filed in the Chapter 11 bankruptcy case of Furie Operating Alaska LLC, Anchorage-based HEX LLC was unable to raise the money needed to buy Furie's assets, primarily the Cook Inlet Kitchen Lights offshore unit and related infrastructure such as the Julius R offshore platform, o....

  • Bond increases argued - 02/23/2020 (Login to read Full story) The Alaska Oil and Gas Conservation Commission is continuing hearings on bonding reconsideration requests received from oil and gas field operators after the commission substantially increased its bonding requirements last year with the goal of covering plugging and abandonment costs should operator....

  • Derailment troubles - 02/23/2020 (Login to read Full story) Imperial Oil, Suncor Energy and Cenovus Energy — most of the big names among Canadian oil producers — have all said in recent weeks that they are ready to increase their crude-by-rail shipments as the Alberta government has started easing the limits on output. But as quickly as these companies rais....

  • Oil patch insider: Glacier Oil scores 5-year zero RIR and award from lawmakers - 02/23/2020 (Login to read Full story) Glacier Oil & Gas Corp. recently received an award from the Alaska Legislature, honoring the independent for a five-year 0.0 recordable incident rate with the Occupational Safety and Health Administration. The citation was sponsored by Rep. Mel Gillis and co-sponsored by Rep. George Rauscher of the....


  • Conoco Alaska net income $1.5 B 25% of liquids production in 2019 - 02/23/2020 (Full story) Alaska contributed $1.52 billion of net income to ConocoPhillips in the fiscal year ending Dec. 31, 2019, down from $1.81 billion in 2018, but exceeding $1.466 billion in 2017, the company said in a recent 10K filing. ConocoPhillips' total net income in FY 2019 was $7.189 billion, up from $6.257 bi....

  • Kenney goes green: Alberta premier says renewable energy inevitable - 02/23/2020 (Login to read Full story) Alberta Premier Jason Kenney, seen as one of Canada's if not the world's most resolute defenders of the hydrocarbon industry, has stunned his political allies and enemies. Without any buildup he acknowledged to a Washington, D.C., panel earlier in February that an energy transition is inevitable. Ov....

  • Alaska lease transfers, terminations - 02/23/2020 (Full story) Alaska Department of Natural Resources' Division of Oil and Gas records show that in January Repsol E&P USA's assignment of majority interest in 12 leases to Oil Search was approved, a Beechey Point lease held by Brooks Range Petroleum Corp. was terminated and the North Nenana exploration license wa....

  • US drilling rig count again steady at 790 - 02/23/2020 (Login to read Full story) For the second week in a row the U.S. drilling rig count has held steady at 790. Baker Hughes reports the number of rigs drilling for oil and natural gas in the U.S. the week ending Feb. 14 is unchanged from the previous week; it is also unchanged from two weeks ago, although the count is down by 2....

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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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