EIA forecasts $80 oil price this year 01/17/2010
Henry Hub natural gas spot price projected to average $5.36 per thousand cubic feet in '10; storage levels expected to remain high
The U.S. Department of Energy's Energy Information Administration said Jan. 12 in its Short-Term Energy Outlook that it expects the price of West Texas Intermediate crude oil to average $80 per barrel...

Climate policy implications for Alaska 01/17/2010
The implications of emerging national and international climate policy for Alaskans will be presented by Dr. Matthew Berman of the Institute for Social and Economic Research at the Anchorage Chapter o...

Tales of woe on North America's refinery row 01/17/2010
The trail of wreckage on North America's Refinery Row gained another victim Jan. 7 with Royal Dutch Shell's decision to turn its Montreal facility into a fuel terminal after failing to find a buyer fo...

BP seeks approval for new cost method 01/17/2010
Trans-Alaska oil pipeline carriers want FERC's help with rates; settlement efforts fail in long-running interstate tariffs dispute
Fed up with losing money, the company with the largest ownership stake in the trans-Alaska oil pipeline has asked the Federal Energy Regulatory Commission to approve a new method for allocating the co...

Denali sets open season date 01/17/2010
Will submit package to FERC in April, conduct 90-day OS beginning in July
Both Alaska natural gas pipeline projects have now set dates for their open seasons, the quest for customers to commit to filling a proposed line with natural gas. Denali, a joint venture of BP and C...

Exxon wins a round 01/17/2010
For second time, judge disallows breakup of Alaska's Point Thomson unit
An Alaska judge on Jan. 11 dealt the state government a blow in its quest to wrest control of the rich Point Thomson oil and gas field from ExxonMobil and other leaseholders. Superior Court Judge Shar...

Greening of Oil: Streever's 'Cold' appeals to young and old 01/17/2010
Take a pound of science, a slice of history, a cup of travel, three teaspoons of horror, a pinch of humor and-presto!-you have "Cold; Adventures in the World's Frozen Places," a book with appeal for y...

Alaska approves spill plan for BP tankers 01/10/2010
Prevention and response outline covers backup tankers chartered to haul North Slope crude; state officials can't promise it'll work
Alaska officials have approved an oil spill prevention and response plan for extra tankers BP might charter to help haul North Slope crude out of the port of Valdez. The approval from the Department o...

Savant completes ice road to Badami 01/10/2010
Savant Alaska has completed its 27.5-mile ice road from the eastern end of the North Slope road system to the Badami field, in preparation for the company's winter drilling program at Badami, Savant e...

December production down from November 01/10/2010
Alaska North Slope production drops 1.6%, month to month; Endicott, Milne, Alpine, Prudhoe Bay all have reduced volumes
Alaska North Slope crude oil production dropped 1.56 percent in December, averaging 688,765 barrels per day compared to the November average of 699,675 bpd. ANS crude oil production peaked in 1988 at...

Exxon's legal extra 01/10/2010
Just ahead of Point Thomson ruling, firm touts drilling progress; state objects
With a judge on the brink of issuing a key ruling in the battle for control of the rich Point Thomson oil and gas field, ExxonMobil has filed a last-minute statement from its Alaska chief in hopes of...

Noah tells legislators time to choose 01/03/2010
Says Legislature funding too many options, confusing market; Irwin says information isn't in for standalone or AGIA line to market
Alaska legislators heard two different views in mid-December of what they should do about gas projects in the state: Harry Noah, the outgoing project manager for the state's in-state gas project, said...

Prudhoe spill maybe 100 gallons of oil 01/03/2010
Using an assessment of the amount of liquid likely to have been in the well bore and its surface flow line at the time that the line ruptured in the Prudhoe Bay drill site six oil spill incident on De...

Industry revival on Canada's horizon 01/03/2010
Firming of commodity prices points to resumption of oil sands growth; natural gas expected to remain weak; consolidation predicted
One of the strongest oil patch forecasts for 2010 has come from a leading Canadian law firm, which is counting on an industry revival as commodity prices strengthen, opening up the investment taps in...

BP plans new operations center for Northstar 01/03/2010
Project involves fabricating, hauling enormous module by barge to production island in Alaska's Beaufort Sea; cost not specified
BP is applying for state and federal clearance to place a huge new module on its Northstar production island in Alaska's Beaufort Sea. The module would house a new operations center with living quarte...

Tugboat hits Bligh Reef 01/03/2010
Coast Guard probes collision with infamous rock; Alaska oil tankers delayed
A tugboat used to help manage oil tankers at Valdez ran aground two days before Christmas, spilling diesel fuel into Prince William Sound and mildly disrupting Alaska crude shipments. The mishap has g...

ANGDA resolves EIS project description 12/27/2009
Authority's board approves moving ahead with Beluga to Fairbanks gas line permitting work, exclusive agreement on propane project
The Alaska Natural Gas Development Authority, the U.S. Army Corps of Engineers and the Bureau of Land Management appear to have come to an agreement on a project description of ANGDA's Beluga-to-Fairb...

Watchdog wants to zap tanker stowaways 12/27/2009
Prince William Sound group suggests treatment plant at Valdez to rid ballast water of potentially harmful nonindigenous organisms
An oil industry watchdog group is pushing for construction of a special treatment plant to kill invasive species in ballast water carried aboard oil tankers calling on Valdez to load Alaska North Slop...

Pipe breaks, spilling oil at Prudhoe drill site 12/27/2009
At 10:30 a.m. on Dec. 21 a six-inch production line carrying oil, water and natural gas from a well head at drill site six in the Prudhoe Bay field broke apart, spraying out a mixture of oil and produ...

State, feds investigate spill at North Slope's Lisburne field 12/27/2009
Ruptured pipe in BP-operated field releases estimated 45,828 gallons of oil and water; criminal and civil probes under way by Alaska Department of Environmental Conservation, US EPA
State and federal authorities confirm they're conducting criminal and civil investigations into a pipeline rupture discovered in the BP-operated Lisburne oil field on Nov. 29. Weld Royal, spokeswoman...

Enbridge warns of possible pipeline over-capacity 12/27/2009
Between TransCanada and Enbridge - Canada's two biggest energy pipeline companies - there's seldom a meeting of the minds. From the time they got caught up squabbling over rights to ship Alaska North...

Lawyers debate BP motion 12/27/2009
Company fights Alaska's billion-dollar suit over '06 Prudhoe Bay pipeline leaks
A lawyer for BP on Dec. 21 urged a judge to dismiss much of the State of Alaska's lawsuit against the company seeking $1 billion or more in damages for the 2006 pipeline spills in the Prudhoe Bay oil...

Legislators want heavy oil discussions 12/20/2009
Heavy oil is thick as honey and hard to pump out of the ground. That's where most of it has stayed while lighter crude is available. But heavy oil may be the future of Alaska's petroleum development,...

ExxonMobil buys XTO Energy for $31 billion 12/20/2009
XTO has two platforms in Cook Inlet, which will make Exxon a producer in Alaska; main focus of purchase XTO's natural gas assets
ExxonMobil will buy XTO Energy Inc. in an all-stock deal worth $31 billion as the oil giant moved aggressively Dec. 14 to capitalize on the growing supply of natural gas at home. The deal could signal...

EIA expects $76 per barrel this winter 12/20/2009
Henry Hub natural gas spot price projected at $3.95 per thousand cubic feet this year, $4.62 in 2010; US natural gas consumption down
The U.S. Energy Information Administration said Dec. 8 in its Short-Term Energy Outlook that it expects the price of West Texas Intermediate crude oil to average $76 from October through March, with a...