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  • Call for earnings use - 05/03/2015 (Full story) A state economist believes earnings from the Alaska Permanent Fund and other public sources could reduce a current budget shortfall and balance the budget in the future. “Fortunately, there is a strategy that can move us in the direction of fiscal sustainability while sidestepping many of the politi....

  • A continuing question - 05/03/2015 (Full story) A debate has raged for many years over the question of whether or how to improve the transmission grid that carries electrical power around the Alaska Railbelt. The aging grid is operated by five independent utilities, suffers from some single points of failure and lacks the capacity to make optimum....

  • Canada peers into abyss - 05/03/2015 (Full story) Of all the numbers capturing the slide in Canada's oil industry one of the most telling involves a pullback from the conventional sector. Data provided by Baker Hughes shows the number of rigs chasing conventional deposits fell to 18 — a count unheard of even in the worst downturns over the past thr....

  • Interior energy bill passes, but Senate cuts out House projects - 05/03/2015  The Alaska Legislature has passed and sent to Gov. Bill Walker a bill that would allow the Interior Energy Project to use gas from anywhere in the state. When the project was authorized in 2013 it was to be a North Slope liquefied natural gas project, with natural gas from the Slope turned into LNG....

  • Corri Feige named director of DNR's Division of Oil and Gas - 05/03/2015  Corri Feige has been named director of the Alaska Division of Oil and Gas. The Department of Natural Resources said the appointment is effective April 30. Feige is a geophysicist and engineer with more than 20 years of management-level experience in the energy industry. During her 17 years in Alask....

  • Agrium tax break bill passes House - 05/03/2015  On April 13 the Alaska House of Representatives passed a bill granting a corporate income tax credit for Agrium Inc.'s fertilizer plant at Nikiski on the Kenai Peninsula, if Agrium restarts the plant. The credit could start at any time after July 1, 2017, and would sunset on Jan. 1, 2024, thus lasti....

  • Micciche growing bullish on AKLNG project - 05/03/2015  Sen. Peter Micciche is getting different views of the AKLNG project. One comes from inside the state's Capitol where he serves on the Resources and Finance committees. The second comes from the home town of this Soldotna Republican. Micciche is watching the Kenai Peninsula evolve into an area prepar....

  • Final tasks under way for Point Thomson line Badami connection - 05/03/2015  Savant Alaska LLC wants to expand its right of way at the Badami Central Production Facility Pad to accommodate an interconnection with the Point Thomson Export Pipeline. A subsidiary of the Badami unit operator is asking the state to add 0.22 acres adjacent to the pad to make room for construction....

  • Cross-border harmony — with conditions - 05/03/2015  Canada's greenhouse gas emissions have far exceeded the government's international commitment for 2020, prompting efforts by Prime Minister Stephen Harper to open talks with the United States on ways to curb cross-border emissions in the oil and gas sector. He has pledged to join the U.S. in introdu....

  • Seaton wants return to separate accounting - 05/03/2015  Rep. Paul Seaton, R-Homer, is proposing that Alaska return to separate accounting for calculation of corporate income tax for oil and gas companies. Currently the state uses worldwide apportionment, and Seaton told House Resources April 17 that when corporate entities outside Alaska are less profita....

  • Apache closes LNG deals - 05/03/2015  One transaction is seen as an easy fit for Woodside; the other poses challenges in untried territory for the Australian company. On the heels of wrapping up the sale of its Wheatstone project in Australia to Woodside for US$2.8 billion, the Houston-based Apache also exited the Kitimat project in Bri....

  • Putting the spill risk in perspective - 05/03/2015  Following criticism from environmental organizations over approval for a Chukchi Sea oil and gas sale, despite recognition of offshore oil spill risks, the Bureau of Ocean Energy Management has issued a fact sheet, explaining the context and meaning of its spill probability assessment. “The bureau s....


  • Canada grappling with ‘dramatic plunge' - 05/03/2015  The Canadian government's newly released 2015-16 budget paints a stark picture of the economic fallout from the slide in oil prices, with the value of exports — almost exclusively to the United States — dropping by an annualized C$40 billion, or 2 percent of gross domestic product. In the second qu....

  • Weathering the storm - 05/03/2015  Encana and Cenovus Energy, once the core components of the same company until they split six years ago, are taking decisive steps to ride out the current commodity price slump that is acting as a drag on their share values. In the past year, Encana, which is turning the clock back to add oil to its....

  • AOGCC approves Swanson gas pools rules - 05/03/2015  The Alaska Oil and Gas Conservation Commission has issued a new conservation order, No. 716, for natural gas pools at Swanson River in the Kenai National Wildlife Refuge on the Kenai Peninsula in Southcentral Alaska. Operator Hilcorp Alaska requested an amendment to conservation order No. 123B in Oc....

  • A less pessimistic Arctic sea ice view - 05/03/2015  The multiyear shrinkage of the extent of the Arctic sea ice cover has become one of the most prominent lines of evidence demonstrating the continuing warming of the Earth's climate. And scientists have argued that there will likely be a future tipping point, a point at which the self-reinforcing nat....

  • Enstar rate increase hearing hits bump - 05/03/2015  As a rate case before the Regulatory Commission of Alaska moves forward, in which Enstar Natural Gas Co. wants to increase the fees it charges for shipping gas through its pipeline network, parties in the case have been jostling over the scope of evidence that Enstar can use to justify its position.....

  • North Nenana exploration license issued - 05/03/2015  The Alaska Department of Natural Resources' Division of Oil and Gas issued a written finding April 29 determining that the issuance of an oil and gas exploration license to Rocky Riley of Tolovana Construction Co. is in the best interests of the state. The exploration license, for North Nenana, is....

  • Lower prices take slice out of BP profits - 05/03/2015  BP reported April 28 that its first-quarter profit fell 26 percent in the wake of the sharp drop in oil prices, less than many analysts had feared. The London-based company said net income for the quarter was $2.6 billion, compared with $3.5 billion in the same period last year. Market expectations....

  • USCG sets safety zones around Shell vessels - 05/03/2015  The U.S. Coast Guard has imposed safety zones around vessels associated with Shell's planned Chukchi Sea drilling program when those vessels are in the Puget Sound region near Seattle. The Coast Guard has also established a regulated navigation area that protesters against Shell's planned Arctic ope....

  • Oil Patch Bits: Crowley honored for outstanding marine safety - 05/03/2015  The state of Washington's Department of Ecology has honored Crowley Maritime Corp.'s petroleum services division once again with the Exceptional Compliance Program award in recognition of excellence in marine safety and environmental stewardship. The ECOPRO program represents a unique, non-regulator....

  • Oil Patch Bits: C&J and Nabors announce transaction completion - 05/03/2015  C&J Energy Services Inc. and Nabors Industries Ltd. announced the completion of the combination of C&J with Nabors' completion and production services business. The resulting combined company, which has been renamed C&J Energy Services Ltd., is one of the largest completion and production services p....

  • Oil Patch Bits: Amanda Reeves joins Alaska Rubber Group team - 05/03/2015  Alaska Rubber Group has hired Amanda Reeves as its accounts payable specialist. Reeves was born and raised in Anchorage, Alaska, and spent the first 20 years of her life in East Anchorage. In 2010 she left Alaska for Washington state and attended college while working as a caregiver for her grandfat....

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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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