ExxonMobil expects rising energy demand 12/13/2009
Asia's amazing growth over the last decade or so is likely to continue after a brief speed bump for the 2009 recession. That's the conclusion of ExxonMobil's newly released "Outlook for Energy: A View...

TG World positive on NS exploration 12/06/2009
BRPC JV partner spells out some details of seismic and drilling program across the North Slope; sees value of exploration credits
As the only outfit engaged in exploration onshore or offshore northern Alaska this winter, Brooks Range Petroleum Corp., operator for a joint venture of small independents, looks like having a lonely...

TG, BRPC reach settlement 10/04/2009
Plan to drill 1-2 exploration wells at North Slope Beechey Point unit this winter
Winter exploration by BRPC is moving ahead after legal difficulties between partners in the North Slope Beechey Point unit were resolved in late September. TG World, AVCG and Brooks Range Petroleum C...

BRPC seeks North Shore project permits 08/23/2009
Company executive doesn't see legal tussle with partner TG World getting in way of small oil development near Prudhoe Bay field
Brooks Range Petroleum Corp. is seeking a raft of permits for its small North Shore oil development on Alaska's North Slope. The Anchorage-based company is pursuing the permits as state officials revi...

Oil will hit $150 again 08/23/2009
Herrera, Simmons: The question is when, not if, but too many variables in play to predict
Hoping for higher oil prices? Be careful what you wish for. Longtime oil industry observer Roger Herrera is convinced that high oil prices, though often omitted in current economic and political deba...

Risk to reward 08/09/2009
Exploration takes breather, but project development has North Slope buzzing
If you've been to Alaska's North Slope in the last few months you know that beds and trucks are in short supply and Deadhorse, the center of oilfield activity, looks like a boom town. "There are more...

BRPC: starting small 08/02/2009
North Shore permitting under way; well next; gravel work could begin in 2010
If the next well is successful, and development at North Shore is approved by the owners, production could begin as early as 2011 from the prospect north of Prudhoe Bay on Alaska's North Slope. Crude...

'And' rather than 'or' 07/05/2009
Lawrence urges balance between fossil and renewable fuels in energy transition
The world needs to achieve a balance between the use of traditional fossil fuels and new renewable energy sources, as the global community transitions into its energy future, David Lawrence, vice pres...

TG World opposes Beechey Point unit 06/21/2009
Calgary independent says proposed unit shortchanges its interests, has multiple operating agreements that invite waste, inequity
TG World Energy Inc. is objecting to the proposed formation of the Beechey Point unit on the North Slope, saying its partners submitted faulty information that denies the Calgary-based independent oil...

China leads energy spurt 06/21/2009
BP Review outlines unprecedented shift in global demand for fossil fuels in 2008 toward emerging nations of Asia-Pacific region; gas growth slows
Unprecedented turbulence in world energy markets in 2008 may have overshadowed a less dramatic but perhaps equally profound development in implications for the long term. For the first time ever, the...

Brooks Range Petroleum applies to form Beechey Point unit 05/10/2009
Unit would cover 25 leases in the Gwydyr Bay region north of Prudhoe Bay, site of previous oil discoveries hampered by economics; first oil from 52,877-acre area could be as early as 2013
A joint venture of independents is proposing to form a unit north of Prudhoe Bay. Brooks Range Petroleum Corp., the local affiliate of Kansas-based Alaska Venture Capital Group, filed an application w...

Contracts and conditions at issue 05/03/2009
Superior Court case between Alaska Venture Capital Group and TG World Energy focusing on contract signed late last year
A lawsuit between two North Slope explorers is centering on a contract signed last fall. Kansas-based Alaska Venture Capital Group and its subsidiary Brooks Range Petroleum Corp. asked state Superior...

Charting a renewable future for U.S. 04/12/2009
Salazar says renewable energy development needed to reduce dependence on foreign oil, create U.S. jobs and reduce carbon emissions
Candidate Obama said it during his presidential campaign; President Obama has repeated it since taking the oath of office; and now the Obama administration has picked up the refrain: The United States...

Exploration continues 03/29/2009
Through March, six companies in various stages of drilling on the North Slope
Despite some bumps and scraps, the winter exploration season is under way, with six companies in various stages of drilling on state and federal land across the North Slope. Anadarko is getting its wo...

UK independent to acquire Bow Valley 02/22/2009
Dana Petroleum to buy Calgary-independent for C$240 million, assume nearly C$200 million in debt; impact for Alaska uncertain
A partner in a four-company joint venture exploring the North Slope is being acquired by an independent U.K. exploration and production company for approximately C$240 million. Calgary-based Bow Valle...

Judge orders mediation for North Slope explorers 02/15/2009
Stowers says case wouldn't be tried until late 2009 or early 2010, successful mediation effort could save 2010 drilling season
A state judge has ordered two North Slope explorers to go into meditation in the hope of resolving a legal dispute between them in time to save a 2009-10 drilling program. At a hearing on Feb. 6, Anch...

Oil Patch Insider 02/15/2009
NANA leases 2.2M acres; BRPC sells Stinson leases; Benchmark pulls out; Rutter bringing in rig
NANA Regional Corp. has leased 2.2 million acres onshore in the northwestern Alaska Kotzebue basin to Trio Petroleum, a Bakersfield, Calif., independent oil and gas producer. Trio, which has hired Ala...

BRPC delaying winter work 02/08/2009
Lawsuit forces busy explorer to postpone winter drilling at least one winter; companies permitting three prospects in Gwydyr Bay
A joint venture exploring the North Slope is postponing a major exploration program planned for this winter until it can resolve a legal dispute between two of its partners. Brooks Range Petroleum Cor...

BRPC adds to exploration program 02/01/2009
Company plans to drill at West Shore if time permits, now drilling three prospects in Gwydyr Bay this winter, gets AOGCC permit
A four-company joint venture is adding two proposed wells to an already busy North Slope exploration program this winter in the Gwydyr Bay area north of Prudhoe Bay. Project operator Brooks Range Petr...

TG World files counterclaim on AVCG 01/25/2009
Claims it is not in violation of joint venture agreement by choosing not to fund share of North Slope winter exploration program
A Calgary company claims it did not violate a joint venture agreement by deciding not to fund its share of an exploration program on the North Slope planned for this winter. In Alaska Superior Court o...

U.S. LNG imports halved by better Asian fuel bids 12/14/2008
Cargoes from Atlantic basin steam east for better prices in Japan, Korea; U.S. surge in unconventional gas wells may mean long-term low prices in North America
Imports of liquefied natural gas into the United States have all but fallen off a cliff this year. Total landings will be just 350 billion to 360 billion cubic feet for 2008, according to Energy Depar...

BRPC sues TG World for breach of contract 12/07/2008
Brooks Range Petroleum Corp. planned to file a complaint against TG World Energy Corp. in state superior court on Dec. 4, according to an executive with the company. The complaint comes after Calgary-...

TG World shies from winter drilling 12/07/2008
Partner in a four-company joint venture postpones its share of drilling activities this winter, second partner starts review
Frightened by global financial uncertainties and low oil prices, a partner in a joint venture exploring north of Prudhoe Bay is pulling back its involvement in the program this winter. Calgary-based T...

The Explorers 2008: The little explorer that could 11/23/2008
Eight years in, AVCG preps third drilling season in Gwydyr Bay, moves toward possible development
You can call Alaska Venture Capital Group one of the children of the Charter. Formed in 1999 by long-time oilmen John Jay "Bo" Darrah Jr. and Barton Armfield, the Kansas-based holding company came to...

Expect oil to hit $200 11/16/2008
IEA forecasts sharp rise in prices; trillions needed for new investments by 2030
The International Energy Agency nearly doubled its forecast for the price of oil over the next 20 years, citing rising demand in the developing world as well as surging costs of production. According...