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Below are articles from this weeks's edition of Petroleum News. Subscribers must log in to view the complete articles. Subscribe now for full access.
  • Watch for it! - 08/10/2025 (Full story) On the evening of July 30, in an ASX release Santos Ltd. announced a major milestone for its Pikka phase 1 project in northern Alaska with the arrival of key processing modules by barge at Oliktok Point on the Beaufort Sea. (See map in the online issue PDF) This was a complex operation beginning f....

  • ANS price retreats - 08/10/2025 (Login to read Full story) Alaska North Slope crude slipped below $70 Aug. 5 -- off $1.10 to close at $69.75 per barrel. It was the first foray into the $60s for the Alaskan benchmark since its June 5 close of $68.98. West Texas Intermediate dropped $1.06 Aug. 5 to close at $65.23, and Brent dropped $1.08 to close at $67.68.....

  • Nicolai royalty reduction - 08/10/2025 (Login to read Full story) The Alaska Department of Natural Resources has released Commissioner John Boyle's preliminary findings and determination favoring a royalty reduction for Amaroq Resources' Nicolai Creek, a small west side Cook Inlet natural gas field. The deadline for public comments on the Aug. 5 preliminary findi....

  • Oil patch insider: BP makes big offshore oil iscovery, AK reg reform orders; Nukes to moon - 08/10/2025 (Login to read Full story) On Aug. 4, BP said it has made an oil discovery at the Bumerangue prospect in the deepwater offshore Brazil. According to a Reuters report it's a major discovery for the British company following its strategic shift away from renewable energy to refocus on fossil fuels. BP drilled exploration well....

  • Chugach Electric signs geothermal deal with GeoAlaska for electricity - 08/10/2025 (Login to read Full story) On Aug. 4, GeoAlaska LLC said that Chugach Electric Association Inc. has provided GeoAlaska with a non-binding letter of interest to acquire geothermal-sourced electricity pursuant to a long-term power purchase agreement, or PPA. Chugach's non-binding letter says that Chugach is interested in workin....

  • Division approves work at Point Thomson to drill grassroots well - 08/10/2025 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved a unit plan of operations amendment for Point Thomson work including a grassroots well and temporary cuttings pit. The Aug. 1 approval of a request by Point Thomson unit operator Hilcorp Alaska includes installation of....

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  • Permitting continues for W Harrison Bay - 08/10/2025 (Login to read Full story) Narwhal Exploration is moving ahead with permitting for planned winter 2026 exploration drilling at its West Harrison Bay unit off the National Petroleum Reserve-Alaska on the North Slope. The Alaska Department of Natural Resources' Division of Oil and Gas approved the West Harrison Bay unit in Nov....

  • Barrow gas field could grow -- at a cost - 08/10/2025 (Login to read Full story) The Barrow Gas Transfer Act of 1984 might be the most underappreciated piece of federal legislation in Alaska oil patch history. Although rarely discussed today, the law changed the way one Alaska community accessed natural resources for local benefit. The Naval Petroleum Reserves Production Act of....

  • Baker Hughes US rig count down 2 to 540 - 08/10/2025 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count was 540 on Aug. 1, down by two from the previous week -- a return to decreases in the rig count after a gain of seven rigs, all targeting natural gas, two weeks ago. Over the past 14 weeks, only one week had an increase, with the overall count down 44 ove....

  • Kuparuk, Milne work approved by division - 08/10/2025 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas has approved unit plan of operations amendments for work at the ConocoPhillips Alaska-operated Kuparuk River field and at Hilcorp Alaska's Milne Point. At Kuparuk, ConocoPhillips applied in June for an airport taxiway addition and....

  • Flash fire at Alpine during maintenance - 08/10/2025 (Login to read Full story) There was a flash fire on Aug. 1 at ConocoPhillips Alaska's Alpine Central Facility. The company said in a statement that three contract workers were injured. The three "were performing planned maintenance during an equipment outage." Work in the area was immediately stopped. The injured workers w....

  • Oil patch bits: Michael Colombie to retire - 08/10/2025 (Login to read Full story) Michael Colombie recently announced his retirement as president of CONAM Construction Co. after 42 years in the Alaska oil and gas industry. His Alaska career started in 1981 when he decided to pioneer his way to Alaska from Connecticut, looking for a job as an electrical engineer. The lure of Alask....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242
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