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  • It's on the rise - 08/24/2014 (Full story) Total state royalties from the Cook Inlet oil fields have risen from $14 million in the first half of 2013 to $24.9 million in the first half of 2014, an increase of nearly 78 percent, the Alaska Department of Natural Resources announced on Aug. 14. Oil production increased from 13,087 barrels per d....

  • Deal making rebounds - 08/24/2014 (Full story) The pace of mergers and acquisitions in Canada's oil and gas upstream has been so strong that it accounted for about 20 percent of global activity, but there is no clear sense of what underlies the trend. For the second quarter, the comeback totaled 56 transactions valued at C$8.1 billion, a slight....

  • SB 21 recall defeated - 08/24/2014 (Full story) The results were still unofficial as Petroleum News went to print, but at 80,508 opposed and 73,628 in favor, ballot measure No. 1, the repeal of Senate Bill 21, seemed to be going down in defeat. The 52.23 percent opposed and 47.77 percent in favor, however, was not a uniform state result. Five of....

  • Doyon moving ahead with Nenana seismic; shooting in area of 2 wells - 08/24/2014  Doyon Ltd., the Native regional corporation for Alaska's Interior, has applied for a state land-use permit for a seismic survey that the corporation plans to conduct in the Nenana basin. According to the permit application the corporation wants to conduct a 3-D survey over an approximately 30-square....

  • Buccaneer creditors come to terms - 08/24/2014  Buccaneer Energy Ltd. and its largest unsecured creditors have reached a settlement that should allow the Cook Inlet gas producer to proceed with a sale of its Alaska assets. The settlement requires Buccaneer's largest creditor to pay $10 million into a trust that would be included in liquidation pl....

  • UAF widely involved in Arctic research - 08/24/2014  If Mark Myers sounds bullish on Alaska's role in Arctic research and development, well he is. The vice chancellor for research at the University of Alaska Fairbanks says the university's unheralded research and partnerships with other universities, government agencies and oil companies are hitting....

  • The plus-and minus-game - 08/24/2014  The negatives keep piling up on the doorstep of Alberta's oil sands, with water consumption, the prospect of an environmental probe and the constant financial risk attached to the multibillion dollar operations making up the latest list. For the industry, the biggest current woe is on the cost side,....

  • Dispute over Umiat funding rumbles on - 08/24/2014  While work has been moving forward on the appraisal of the Umiat oil field on the northern edge of Alaska's Brooks Range foothills, a court case over how the appraisal work should be funded has been making its way through the Alaska Superior Court. Linc Alaska Resources, a subsidiary of Australian c....

  • USCG opens Barrow operating location - 08/24/2014  The U.S. Coast Guard has announced that it is opening its seasonal forward operating location in Barrow, probably on Aug. 21. The Barrow location will support the agency's Arctic Shield 2014 program, the annual program of Coast Guard activities in the Arctic region. The Coast Guard says that, in adv....

  • US drilling rig count up 5 to 1,913 - 08/24/2014  Oilfield services company Baker Hughes Inc. says the number of rigs drilling for oil and natural gas in the U.S. rose five the week ending Aug. 15 to 1,913. The Houston firm said in its weekly report that 1,589 rigs were exploring for oil and 321 for gas. Three were listed as miscellaneous. A year....

  • Royale plans 2 wells this winter season - 08/24/2014  Royale Energy has begun permitting for a winter exploration drilling program on state oil and gas leases the company holds south the Colville River south of Nuiqsut. Royale began acquiring North Slope oil and gas leases in 2011 and this will be the first exploration drilling the company has done in....

  • Coast Guard plans oil spill response exercise - 08/24/2014  The U.S. Coast Guard is going to conduct an Arctic oil spill response exercise, using its icebreaker, Healy, as part of the agency's Arctic Shield 2014 program. The Healy left the port of Seward in southern Alaska on Aug. 8, heading for the north. According to a podcast published by the National Oce....

  • New Arctic safety regulations go to OMB - 08/24/2014  The Department of the Interior has sent its proposed new safety regulations for oil drilling in the Arctic offshore to the White House Office of Management and Budget, or OMB, for review, according to The Hill, the congressional news outlet. At the time of going to press, the OMB had not confirmed t....

  • Chinese energy industry turmoil spreads - 08/24/2014  An edgy mood in Canada-China energy relations has been compounded by a Chinese news agency report that provides a rare glimpse into possible scandals affecting Beijing's overseas oil and natural gas operations. Xinhua reported that China National Petroleum Corp., CNPC, has started a probe into embez....

  • Cook Inlet Energy goes for Susitna gas - 08/24/2014  Cook Inlet Energy is moving ahead with plans to explore for natural gas in the Susitna basin starting this winter. Three prospects — Kroto Creek, Moose Creek and Kahiltna — are on former or current exploration license areas, one of which has been partially converted to state leases. In a revision....

  • Tall stack of authorizations await - 08/24/2014  The multibillion-dollar Alaska LNG project aims not only to tap the North Slope's bounty of natural gas, pipe it to tidewater and superchill the vapors into a condensed liquid for export to Asia markets. The project also aims to tap a bounty of public resources: land, wetlands, gravel, lakes and pon....


  • Joining LNG lineup in BC - 08/24/2014  The first major LNG terminal proposed for the Greater Vancouver area has entered the regulatory realm by applying for approval to export up to 3 million metric tons a year of LNG over 25 years. The application to Canada's National Energy Board was filed by WesPac Midstream Vancouver, a unit of Texas....

  • Oil Patch Bits: CGG announces signing of agreement with Geokinetics - 08/24/2014  CGG announced that it has signed a binding agreement with Geokinetics, one of the largest independent international land and shallow water seismic companies, for the contribution by CGG of its North American land contract assets and activities, excluding its land multi-client and monitoring business....

  • Oil Patch Bits: UMIAQ expands services with new department - 08/24/2014  UMIAQ said that it has established an environmental department that is uniquely organized into two key components: environmental services and field compliance services. UMIAQ is able to provide key services for Alaska-based operations from project planning, to construction through production. These....

  • Oil Patch Bits: MacNamara Shoulders joins URS team - 08/24/2014  MacNamara “Mac” Shoulders recently joined URS as a biologist with more than 30 years of experience specializing in managing interdisciplinary environmental programs, designing field studies and permitting for oil and gas, and other civil projects. He has broad experience in permitting projects in Al....

  • AK-WA Connection 2014: Introduction - 08/24/2014 (Full story) 2014 is presenting businesses active in the Alaska-Washington trade with a host of new opportunities. Bringing their unique goods and services into play in the dynamics of a revitalizing Alaska economy is part of what makes the enduring commercial relationship between Alaska and Washington work. We,....

  • AK-WA Connection 2014: Transportation sector keeps on rolling - 08/24/2014 (Full story) Transportation companies serving businesses in Alaska-Washington commerce faced numerous challenges during the past 18 months, everything from tightening regulatory limits to the ongoing effects of the closure of the Flint Hills refinery in North Pole, Alaska. Yet this diverse group of businesses c....

  • AK-WA Connection 2014: Railroad rises to market challenges - 08/24/2014 (Full story) One critical link in the supply chain that binds Alaska and Washington state is the Alaska Railroad. In 2013, the railroad celebrated its 90th anniversary, and this year marks nearly a quarter century since the federal government sold the carrier to the state of Alaska in January 1985. Alaska Railr....

  • AK-WA Connection 2014: Container specialist responds to growth - 08/24/2014 (Full story) 2014 is shaping up to be a banner year for Pacific Northwest Equipment Inc. with construction of a second terminal under way a short distance from the company's headquarters and existing terminal in Kent, Washington, its shipping services and the emergence of significant market niches in Alaska and....

  • AK-WA Connection 2014: Saltchuk companies net diverse honors - 08/24/2014 (Full story) The Saltchuk family of companies have racked up prestigious local, national and international honors in recent years, including Saltchuk's designation in March as a “2014 World's Most Ethical Company” by the Ethisphere Institute, an independent center of research promoting best practices in corporat....

  • AK-WA Connection: Specialist runs 100-bed camp in Galena - 08/24/2014 (Full story) Taiga Ventures specializes in providing full service camps on relatively short notice at remote locations throughout Alaska. Clients have conducted scientific research, oil, gas and mineral exploration, documentary and movie filming, winter product testing and environmental cleanups from the Aleutia....

  • AK-WA Connection 2014: New investment fuels oil patch optimism - 08/24/2014 (Full story) A resurgence in oil and gas activity in Alaska in 2014 has given businesses active in the Alaska-Washington trade new prospects for increased revenue and new hope for future prosperity. Observers give much of the credit the sector's recent hustle and bustle to the impact of Senate Bill 21, also know....

  • AK-WA Connection 2014: Authority leads oil, gas development - 08/24/2014 (Full story) Under the guidance of the Parnell administration, the Alaska Industrial Development and Export Authority is taking a leading role in driving oil and gas development much in the same way that it has nurtured and helped to finance mining and infrastructure projects across the state during the past 47....

  • AK-WA Connection 2014: Futaris taps into fiber optic future - 08/24/2014 (Full story) For three decades Futaris Inc. (formerly Alaska Telecom, Inc.) has provided remote communication services throughout Alaska and the world. The telecommunications provider, a SBA 8(a) company, specializes in offering fully managed satellite communication networks and broadcasting services. Now Futar....

  • AK-WA Connection 2014: Mining sector sees ups and downs in 2014 - 08/24/2014 (Full story) Though the pace of mineral exploration has slowed considerably in Alaska in recent months, the state's mining sector, as a whole, appears to be gaining some momentum, especially among mine development projects that could get significant financial assistance from the state. Whether it's the Niblack P....

  • AK-WA Connection 2014: Airline flies Alaska salmon to market - 08/24/2014 (Full story) Alaska Air Cargo delivered the season's first shipment of Alaska Copper River salmon to Seattle-Tacoma International Airport in mid-May. The arrival of six fish-filled Boeing 737s in Seattle and other cities throughout the United States marked the start of the summer salmon season and is an annual r....

  • AK-WA Connection 2014: Seattle offers premiere arts season - 08/24/2014 (Full story) For its 2014-15 season, Seattle's performing arts community promises a cornucopia of exciting, thoughtful and hilarious fare. Seattle Repertory Theatre is presenting an outstanding lineup of both classical and contemporary productions, featuring the first-ever presentation of Seattle writer Robert S....

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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

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