Oil futures jump on dollar Fed forecast 11/25/2007
Crude oil prices approach $100 a barrel after U.S. dollar hits new low, talk Federal Reserve will cut interest rates again
Oil prices resumed their march toward $100 Nov. 20, rising to records over $98 a barrel as futures drew strength from a declining dollar, news of refinery problems and speculation that the Federal Res...

Climate change takes U.S. center stage 11/25/2007
Consultant: Climate change, energy security concerns setting the agenda for U.S. government energy policy; could favor NS gas line
There was a time not too long ago when the forces that guided what passed for a U.S. energy policy in the corridors of Washington, D.C., could be summed up as a three-statement mantra: maximize supply...

Tupi find has Brazil considering OPEC 11/25/2007
Brazil is to consider joining OPEC after it has gauged the impact on its oil exports from its newly discovered giant offshore Tupi oil field, the country's ambassador to Saudi Arabia said Nov. 16. Is...

Ecuador's president urges political role for OPEC 11/25/2007
Ecuadorean President Rafael Correa, in his first public speech since his country's official re-entry into OPEC, said Nov. 18 that the 13-nation oil producer group must take on a more political role an...

Energy board: Jury out on oil sands 11/25/2007
Beset from all sides, sector production scaled back by 200,000 barrels per day by 2015; despite costs and regulatory burdens
It is one of those wake-up calls that come in the middle of a disturbed sleep. You're not sure whether it is real or imagined. But the message is clear enough, spelled out in temperate language by one...

THE EXPLORERS 2007: Paspalof to head Alaska operations 11/18/2007
Pacific Energy buys bulk of Forest Oil's Alaska assets; word is California independent buying jack-up for Cook Inlet exploration
Pacific Energy Resources Ltd. is looking to make Alaska's Cook Inlet basin a core area of its operations. The Long Beach, Calif., independent closed Aug. 27, 2007, on its purchase of Forest Oil Corp.'...

Fresh lift for revolutionary technology 11/18/2007
Two Canadian juniors, Petrobank Energy and Resources and Duvernay Oil, have hitched up to develop 100 million barrels of oil resources in northwestern Alberta. To gain a 50 percent operating interest...

Close, but no cigar: Oil price falls on OPEC, CPI and jobs reports 11/18/2007
Perhaps the biggest reason oil recently came within a couple of dollars of $100 a barrel can be found in places like China, where roads that were full of bicycles 15 years ago are now choking with car...

Production tax hike moving 11/11/2007
An increase to a 25 percent tax base and aggressive progressivity are features of committee substitutes for Gov. Sarah Palin's revision of the petroleum profits tax. Committee substitutes reached the...

This isn't Amerada Hess 11/11/2007
Disputes under a net tax don't involve first impression issues; state the sovereign
One of the issues that raises concern with a net production tax is litigation - the possibility that disputes between the State of Alaska and oil companies will generate lengthy legal disputes and end...

Top court to hear Exxon Valdez case 11/04/2007
During news conference in Juneau, Alaska Gov. Sarah Palin called the Oct. 29 decision a 'kick in Alaska's collective gut'
The Supreme Court agreed Oct. 29 to decide whether Exxon Mobil Corp. should pay $2.5 billion in punitive damages to victims of the huge Exxon Valdez oil spill that fouled more than 1,200 miles of Alas...

Polar Tankers fined $2.5 million 10/28/2007
Spill was unreported; attempt made to cover up incident draws fine, probation; company dismisses individuals responsible
A ConocoPhillips tanker company has agreed to pay a fine and other penalties totaling $2.5 million for spilling oily sludge into the ocean after leaving Valdez with a load of Alaska oil, then falsifyi...

ACES' hearings in Juneau intense 10/28/2007
Legislators question past, current consultants, administration, industry: tax rate, proposed floor, exempt auditors, ethics aired
A special session of the Alaska Legislature gaveled in Oct. 18 to consider Gov. Sarah Palin's proposal to change the petroleum profits tax lawmakers enacted in August 2006 under the previous administr...

LNG good option 10/28/2007
BG says increasing globalization of market bodes well for North Slope gas
Would Alaska's natural gas be best exported by LNG carrier or by pipeline through Canada to the Lower 48? The answer depends on which economic crystal ball you look in. And BG, one of the world's larg...

30 STRONG: VMT gets vapor control technology 10/14/2007
Air quality improves after Alyeska installs vapor control system at Valdez terminal
The biggest advance in technology at the Valdez Marine Terminal was installation of a vapor control system at the oil loading berths in 1998, according to Alyeska Pipeline Service Co. officials. Befo...

30 STRONG: With DRA pipeline less of a drag 10/14/2007
Chemical additive enables Alyeska Pipeline Service Co. to achieve huge cost savings
Over three decades, Alyeska Pipeline Service Co. has operated the trans-Alaska oil pipeline with the assistance of numerous technologies. None, perhaps, is better known than a clever innovation cooked...

Poised for the future 10/14/2007
Endicott: low salinity pilot startup set for '08; Liberty drilling projected
Endicott, the first offshore Arctic island production facility, celebrated its 20th anniversary in early October. First production was Oct. 3, 1987, said John Denis, east resources manager for BP Exp...

CIBC economist sees $100 oil in 2008 10/07/2007
Oil prices could top $100 a barrel by the end of next year and remain above that point for years to come, the chief economist of Canadian investment bank CIBC World Markets said Oct. 2. Jeffrey Rubin...

EIA chief: oil price spike will subside 09/30/2007
Herrera: Decreasing output from OPEC member Syria another example of failure of technology, exploration to stem worldwide decline
Current crude oil prices above $80 a barrel can't be attributable solely to market fundamentals and, unless there is a major supply disruption, are unsustainable over the next few weeks and months, th...

Mobil's 20 percent share of CIPL split 09/30/2007
Pacific Energy Resources, which is acquiring Forest Oil's Alaska assets, will end up 50-50 owner of Cook Inlet Pipe Line with Chevron
As part of its purchase earlier this year of Forest Oil Corp.'s Alaska assets, Pacific Energy Resources Ltd. will become 50 percent owner of the Cook Inlet Pipe Line Co., the 44-mile onshore line that...

Fort Hills upgrader to use wastewater 09/30/2007
Fort Hills Energy L.P. has entered into an agreement with Sturgeon County and the Alberta Capital Region Wastewater Commission to use treated wastewater from ACRWC as industrial process water at the s...

Protecting Arctic waters 09/30/2007
Joint program researches aspects of responding to oil spill in ice-infested waters
Worldwide interest in the petroleum potential of the Arctic seas has triggered a corresponding focus on the practicalities of responding to an oil spill, were disaster to strike an offshore oil operat...

Alaska crude sets record above $81 09/23/2007
The price of crude oil from Alaska's North Slope set a new record high Sept. 18, closing at $81.01 a barrel. It gained almost $1 in trading from Sept. 17, which set a previous high at $80.07. The Sept...

BP review reflects economic growth 09/23/2007
2001-06 economic growth strongest since mid-1960s; company's annual statistics show strong energy consumption in oil, gas, coal
Economic growth, energy consumption and energy prices have all been strong over the last five years, with global 2001-06 economic growth averaging just more than 4 percent. Economic growth during tho...

Investors dump Canadian oil stocks 09/23/2007
As Alberta considers raising royalty rates, some Toronto exchange energy stocks take beating; Imperial relatively unscathed
The possibility that Alberta's provincial government could demand significantly higher royalties from oil and gas producers has soured some investors' taste for Canadian energy stocks, at least in the...