Eni wins Nikaitchuq royalty reduction 12/09/2007
Second time's a charm: earlier Kerr-McGee request denied; this time around 11 leases get 5 percent rate, based on price of oil
Eni has succeeded where Kerr-McGee failed and has won royalty reduction for leases in the Nikaitchuq unit off Alaska's North Slope. When Kerr-McGee Oil and Gas Corp. applied for royalty reduction at...

THE EXPLORERS 2007: Eni moving forward with Nikaitchuq 11/18/2007
Beaufort Sea project sanction expected by end of 2007, first oil 2009; Maggiore, Rock Flour undergoing evaluation
The signs are good that Eni will move forward with development of its Nikaitchuq unit offshore Alaska's North Slope in 2008. On Oct. 5, 2007, the Houston-based affiliate of Italy's Eni SpA received S...

THE EXPLORERS 2007: Anadarko to drill first ANS gas well 11/18/2007
Has two rigs under contract, drilling 2 Brooks Range gas prospects, going back to finish Jacob's Ladder
Anadarko Petroleum and its partners in the Brooks Range Foothills, BG Alaska and Petro-Canada, plan to drill the first two natural gas exploration wells in northern Alaska this winter. Gas discoveries...

THE EXPLORERS 2007: Repsol partners with Eni, Shell in Beaufort Sea 11/18/2007
In September 2007, Repsol YPF joined a Shell/Eni partnership in a block of 64 leases in the Beaufort Sea off Alaska's North Slope. It was the Spanish oil and gas major's first acquisition in the state...

THE EXPLORERS 2007: Alaska gets $2 million from lease sales 11/18/2007
An Alaska investor group and a new company dominated the State of Alaska's annual North Slope and Beaufort Sea areawide lease sales. When bids were read Oct. 24 in Anchorage by Acting Director of the...

Alaska oil forecast shaky 11/18/2007
Production interruptions, infrastructure renewal, slowed heavy oil pace the cause
The fall production forecast for Alaska's North Slope is down from the spring forecast - down for the next eight years. Projected volumes have dropped as much as 130,000 barrels per day for fiscal yea...

Investment at risk 11/18/2007
Oil company execs says consequences dire if Alaska hikes taxes again
Investment in Alaska is in jeopardy if the state's oil production tax is overhauled in such a way that it significantly increases the State of Alaska's take, oil company executives told attendees of t...

Alaska gets $2M in bids 10/28/2007
Bidders at Beaufort, North Slope sales fill in around prospects, only 2 big bidders
An Alaska investor group and a new company dominated the State of Alaska's annual North Slope and Beaufort Sea areawide lease sales. When bids were read in Anchorage Oct. 24 by Acting Director of the...

Nikaitchuq OK'd 10/21/2007
Expansion approved; Eni applies for royalty reduction, needs project sanction
Eni US Operating Co. has received state approval for expansion of its Nikaitchuq unit and has applied for royalty modification for a dozen leases in the expanded unit. The Alaska Department of Natura...

ARCTIC ENERGY SUMMIT: High Arctic: industry's last oil and gas frontier 10/14/2007
There's one thing industry hopefully can look to when the Earth's offshore oil and gas resources south of the giant Arctic icecap are exhausted. Many geologists now believe this vast and frigid region...

Repsol partners with Eni, Shell off Alaska in Beaufort Sea 09/30/2007
Repsol YPF has joined Shell and Eni in a block of 64 leases in the Beaufort Sea off Alaska's North Slope. It's the Spanish oil and gas major's first acquisition in the state. Shell and Eni exchanged w...

Back in the game 09/16/2007
Bill Armstrong team returns to Alaska, this time in the Cook Inlet basin
The independent responsible for bringing three new oil companies to Alaska's North Slope in 2002-05 is back in the state - this time in Southcentral Alaska's Cook Inlet basin. A newly formed, local af...

Eni applies for North Slope Nikaitchuq camp pad 08/19/2007
Eni Petroleum has applied to the Alaska Department of Natural Resources Division of Mining, Land and Water to lease seven acres south of Oliktok Point in the Kuparuk River unit for 25 years. The tract...

State approves West Sak PA expansion 08/05/2007
The Alaska Division of Oil and Gas has approved the second expansion of the West Sak participating area within the Kuparuk River unit. West Sak is the shallower horizon at Kuparuk and produces heavier...

Eni applies to roll Tuvaaq, other acreage, into Nikaitchuq unit 07/08/2007
Move would more than double size of offshore North Slope unit, from some 12,968 to 33,869 acres; two wells just drilled from Oliktok Point, one may be re-entered, one used as injector
As it moves toward a possible end-of-year development decision at its Nikaitchuq unit, Eni Petroleum has applied to expand the unit by merging the adjacent Tuvaaq unit and additional acreage to the so...

Alaska revenue outlook offers mixed bag 05/06/2007
State spring forecast calls for slow decline in oil prices, short-term increase in production and temporarily higher unrestricted revenue
Adhering to its trademark caution, the Alaska Department of Revenue has projected a drop in Alaska North Slope oil prices and a modest jump in ANS crude production for the coming year. In a semi-annua...

Shell leads sale 04/22/2007
$39M of $42M from Shell, Total at $2.2M; just over 500,000 acres receive bids
Leasing moved farther offshore in the Shell-dominated Beaufort Sea outer continental shelf lease sale held April 18 in Anchorage. Total high bids were $42,165,195 in Minerals Management Service sale 2...

Eni formally announces Nikaitchuq takeover 04/15/2007
Eni formally announced its acquisition of Kerr-McGee's 70 percent interest in the Nikaitchuq prospect on April 11, giving the U.S. subsidiary of Italy's largest oil and gas company 100 percent working...