Exxon brief outlines Valdez argument 12/30/2007
The Associated Press
Exxon Mobil Corp. says a punitive damages verdict of $2.5 billion for one of the worst U.S. oil spills contradicts 200 years of maritime law. That is essentially its argument going before the U.S. Su...

Average Joes own Big Oil, says API-commissioned study by leading economists 10/28/2007
"Big Oil" is making outrageous profits since oil prices have more than tripled. And it's grasping executives and wealthy board members who have benefited from this frenzy of profit-taking, right? Wron...

API report says first quarter drilling, completions at 21-year high 04/29/2007
The American Petroleum Institute said April 26 that U.S. first-quarter 2007 drilling estimates hit a 21-year high and were nearly twice the level of first-quarter drilling activity recorded during the...

Legislature revisits PPT deductions 02/25/2007
Senate begins hearing bill which would exclude costs of repair or replacement of improperly maintained facilities
Both the Alaska House and Senate are considering bills to amend the credit allowance for the Petroleum Profits Tax passed last year so that companies cannot deduct costs of repair or replacement for i...

MEET ALASKA 2007: Meet Alaska 2007 speakers 01/21/2007
Richard F. Guerrant Richard F. Guerrant, vice president-Americas for ExxonMobil Gas and Power Marketing Co., is located in Houston, Texas, and is responsible for the marketing of ExxonMobil's natural g...

U.S. 2006 drilling hits 21-year high 01/21/2007
U.S. oil and natural gas drilling activity "remains robust with nearly twice the level of activity recorded during the lows of the early to mid-1990s," the American Petroleum Institute said Jan. 16. ...

Nuiqsut gas meters to be replaced 12/31/2006
ConocoPhillips, North Slope Borough, agree to install custody transfer meters that meet AOGCC regulatory requirements
The Alaska Oil and Gas Conservation Commission, informed by ConocoPhillips Alaska at the end of November that the company and the North Slope Borough have agreed to install custody transfer meters mee...

Oil firms try to 'speed up' recruiting 12/24/2006
On your mark! Get set! ... "Have you ever searched for oil under the ocean floor, or helped create products to improve fuels and lubricants? Hurry now, the clock's ticking." Not your typical job inte...

Mulva still wants piece of Russia gas project 10/22/2006
ConocoPhillips chief executive Jim Mulva evidently won't take no for an answer. Just a week after Russia gas monopoly Gazprom rejected bids from ConocoPhillips and four other international majors to h...

$70 WTI crude oil spot in '06-'07 09/17/2006
Henry Hub natural gas spot prices expected to average $7.51 per mcf in '06, down from '05 $8.86; $8.30 expected in '07
Crude oil prices fell during most of August and into early September and the West Texas Intermediate crude oil spot price is projected to average around $70 a barrel in 2006 and 2007, the U.S. Departm...

Legal cloud hangs over sale results 08/27/2006
Western Gulf Lease Sale 200 generates surprising $340.9M in high bids on 381 tracts after MMS prevails against challenges
The U.S. Minerals Management Service, which prevailed against early legal challenges to Western Gulf of Mexico Lease Sale 200, walked away from the traditional August sale with a surprising $340.9 mil...

Felmy: Dispelling oil price myths 05/07/2006
American Petroleum Institute chief economist reviews the facts on oil prices, oil company profits and oil company investments
With escalating gasoline prices hitting people's pocket books and oil companies reporting record profits, phrases such as "windfall profits tax" and "gasoline price controls" have re-entered political...

Alyeska wins two API pipeline awards 05/07/2006
Alyeska Pipeline Service Co., operator of the trans-Alaska oil pipeline, has received two awards: the 2005 American Petroleum Institute Distinguished Environmental and Safety Award and the Large Opera...

ExxonMobil pumping Canadian oil to Gulf 04/30/2006
Reconfigured 2,300-mile network moving 66,000 bpd; Gulf production still down 300,000 bpd due to Katrina and Rita
Exxon Mobil Corp. announced it is pumping Canadian crude oil directly to the Gulf of Mexico through a reconfigured 2,300-mile pipeline network, an industry first that could provide a stable supply in...

U.S. first quarter drilling activity up 04/16/2006
Estimated completions of U.S. wells increased 9 percent in the first quarter of the year, compared to the first quarter of 2005, the American Petroleum Institute said April 12. The figures include oil...

Specter to look at oil industry antitrust 02/12/2006
Consolidations concern chairman of Senate Judiciary Committee, who calls for Congress to look at modifying antitrust laws
The chairman of the Senate Judiciary Committee said Feb. 1 he wants to take a close look at possibly changing antitrust laws to better police oil industry consolidation. Sen. Arlen Specter, R-Pa., no...

MMS draws yeas and nays on 5-year plan 10/30/2005
Five-year leasing program for offshore U.S. draws thousands of comments, warnings about America's future energy needs
With the United States facing an energy supply crisis, industry and many coastal communities have lined up in support of keeping or expanding offshore oil and gas leasing in federal waters off Alaska...

High oil prices fail to spur investments 05/22/2005
Restrictions deter energy industry from investing in new oil and gas production; barriers must fall to prevent reserves shortage
Energy companies may be under-investing in new oil and gas production worldwide, but don't blame the companies. Blame the governments and countries around the globe that are raising new barriers to in...

Plugging bullet holes quicker 05/22/2005
Alyeska unveils lighter-weight hydraulic clamp for trans-Alaska pipeline that contains spill from bullet hole, diverting oil into bladders
A lighter-weight hydraulic clamp that could more quickly plug a bullet hole in the trans-Alaska oil pipeline has been officially placed in the Alyeska Pipeline Service Co. repair toolbox. The clamp is...

Final ANWR push under way 03/06/2005
Wider majority gives GOP its best chance yet to win; big oil still very interested
Bush administration officials geared up the week of Feb. 28 for the latest push to persuade Congress to open the coastal plain of the Arctic National Wildlife Refuge to oil and gas development with te...

Regulator finds no blowouts occurred 02/20/2005
Alaska Oil and Gas Conservation Commission releases results of investigations into allegations by Chuck Hamel
The Alaska Oil and Gas Conservation Commission has concluded an evaluation of allegations by Chuck Hamel of Alexandria, Va., that unreported North Slope well blowouts occurred in December 2004 and Jul...

MEET ALASKA 2005: Alaska gas potential looking better and better, says USGS 01/23/2005
While most observers are eyeing promising developments in Lower 48 gas markets, some scientists and gas explorers see a world of opportunities in undiscovered natural gas reserves in remote Alaska. To...