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...

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...

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...

LNG bulls running again 12/13/2009
Huge Asian contracts suggest confidence region's long-term expansion won't slow
Gloom and doom about Asia's long-term demand for liquefied natural gas are evaporating about as fast as the fuel itself does at room temperature. Big money deals are being signed between utilities and...

Denali sends 2nd report to legislators 11/22/2009
BP-ConocoPhillips JV has spent $120 million in advance of 2010 open season; has nearly completed cost estimates for pipeline, GTP
Bud Fackrell, president of Denali, told legislators in a Nov. 11 letter that the BP-ConocoPhillips-owned project has spent $120 million to date in advancing the gas pipeline project from the North Slo...

Flint Hills production lags 11/22/2009
Anchorage International air carriers scramble for jet fuel due to spike in demand
A spike in demand for jet fuel at the Anchorage International Airport has led to fuel shortages and caused air carriers to dramatically increase the amount of fuel brought into the state. Fuel demand...

Oil falls below $77 on US supply report 11/15/2009
Oil prices tumbled Nov. 12, dropping below $77 a barrel after the government reported that petroleum supplies continue to grow as American drivers and businesses cut way back on energy use. Benchmark...

EIA increases WTI crude forecast price 11/15/2009
Non-OECD oil demand growth to more than offset slowing OECD consumption; first growth in oil consumption in 5 quarters expected
The Department of Energy's Energy Information Administration is forecasting an increase for the price of West Texas Intermediate crude oil - up $7 per barrel compared with the EIA's October outlook. ...

EIA expects continuing U.S. gas demand 11/08/2009
Abundant natural gas supplies likely to drive increased use of the fuel, regardless of government policies to curb carbon emissions
In these days of recession-related doldrums, the U.S. natural gas industry may be down, but it's certainly not out. At least not according to Dr. Richard Newell, administrator of the Energy Informatio...

22 percent of undiscovered oil in Arctic 11/01/2009
EIA recycles USGS estimate from last year, says vast potential of shale gas could defer development of faraway Arctic gas deposits
The region north of the Arctic Circle could hold about 22 percent of the world's undiscovered conventional oil and natural gas, an Oct. 19 report from the U.S. Energy Information Administration says. ...

Oil Patch Insider: ConocoPhillips' Alaska assets on the market? Probably not 10/18/2009
Worldwide it has been a tough year for ConocoPhillips. Among other challenges, in January the Houston-based major took $34 billion in write-downs on its 20 percent stake in Russia's Lukoil and its 200...

$70 WTI this winter, $75 by end of '10 10/11/2009
Energy Information Administration expects energy prices to remain volatile, begins tracking futures prices with assessment of range
West Texas Intermediate crude oil is expected to average about $70 a barrel this winter, the U.S. Department of Energy's Energy Information Administration said Oct. 6 in its short-term energy and wint...

U.S. oil imports from Canada rise 10/04/2009
Although U.S. oil imports were down 8.9 percent in July from a year earlier, to 9.227 million barrels per day, oil supplies from Canada to the United States hit new records, picking up the slack as OP...

Judge dismisses Keystone pipeline lawsuit 10/04/2009
Says environmental group did not have authority to challenge TransCanada permit; base line to be complete by late November
A judge has dismissed a lawsuit brought by an environmental group that claimed a permit that allows the construction of an oil pipeline between the United States and Canada violated federal law. U.S....

Oil tumbles below $69; supplies jump 09/27/2009
Crude and gasoline prices fell sharply Sept. 23 on more evidence of a huge glut in supply, with the economy still damaged by the worst recession since the 1930s. Natural gas, which is seeing the same...

Gas prices, availability, now and then 09/27/2009
Alaska Oil and Gas Congress hears pessimistic, optimistic views on future for Arctic gas; told it can't be highest-priced commodity
Natural gas prices are low and supply is plentiful. What does that mean for a proposed Alaska gas pipeline which could begin shipping gas in 2018? The 5th Annual Alaska Oil and Gas Congress, held in An...

EIA sees volatility for spot oil prices 09/20/2009
Agency expects $70-per-barrel average for West Texas Intermediate in fourth quarter; natural gas inventories likely to set record
While it expects crude oil spot prices to continue to be volatile, the Energy Information Administration also expects that the range of those prices will be narrower than earlier this year and last ye...

EIA projects $70 oil in fourth quarter 08/16/2009
Henry Hub spot price expected to average less than $4 per mcf this year, rise to $5.48 in 2010 based on current decline in drilling
The U.S. Department of Energy's Energy Information Administration said Aug. 11 that it expects the West Texas Intermediate crude oil price to remain roughly flat at $70 per barrel in the fourth quarte...

Oil above $61 as jobless numbers drop 07/19/2009
Oil prices wavered July 16 after the government reported that jobless numbers had dropped unexpectedly. Benchmark crude for August delivery added 9 cents to $61.63 a barrel on the New York Mercantile...

WTI in year's 2nd half to average $70 07/19/2009
Natural gas usage in US down; gas storage expected to end injection season at historic high; natural gas drilling activity down
Crude oil prices rose in June for the fourth consecutive month, and were expected to average near $70 per barrel through the second half of 2009, the U.S. Department of Energy's Energy Information Adm...

BP in Alaska: North Slope oil yields economic benefits 07/12/2009
University of Alaska economist describes how North Slope oil transformed Alaska's economy
The success of BP and its partners in optimizing North Slope oil production for more than three decades spurred an economic bonanza in Alaska that has also benefited the nation, providing about 15 per...

Crude oil rises to new high for '09 06/07/2009
Oil prices on June 4 set a new high for the year, buoyed by a weaker dollar, the first drop in unemployment numbers since January and renewed expectations that crude will extend its rally this year. B...

Oil drops below $62 as big rally pauses 05/24/2009
Oil prices eased off six-month highs May 21 in Asia after rallying the day before to above $62 a barrel on a bigger-than-expected fall in U.S. crude inventories. Benchmark crude for July delivery was...

Denali updates legislators on gas line 05/17/2009
Responding to request from Ramras, Johnston, BP-ConocoPhillips project outlines expenditures, 2008 accomplishments, 2009 plans
The administration of Alaska Gov. Sarah Palin provided an update April 30 on the TransCanada Alaska gas pipeline project licensed last year under the Alaska Gasline Inducement Act. Reps. Jay Ramras,...

Crude price rises despite rising supplies 05/03/2009
Oil prices rose even after the government reported that the nation is consuming less than it has in years and that inventories are the highest in nearly two decades. Benchmark crude for June delivery...