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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • ANS surges to $80s - 02/18/2024 (Full story) Alaska North Slope crude experienced a momentous trading week ending Feb. 14, surging into the $80s and making its way higher day by day until a large boost in U.S. crude inventories paused the rally. ANS slid $1.08 on Feb. 14 to close at $81.24 per barrel, while West Texas Intermediate dropped $1.2....

  • A gas supply challenge - 02/18/2024 (Login to read Full story) During a Feb. 7 joint meeting of Alaska House and Senate Resources committees, executives from Enstar Natural Gas Co. and Cook Inlet gas producers described the challenges that they are facing in maintaining adequate supplies of natural gas for Southcentral Alaska. Gas is the primary fuel used for t....

  • Leases expired Sept; DOG approval saves them, well winter 2025-26 - 02/18/2024 (Full story) Retroactive to Oct. 12, 2022, on Jan. 31, 2024, the Alaska Department of Natural Resources' Division of Oil and Gas approved the formation of the Smith Bay unit, encompassing approximately 117,093 acres of state of Alaska oil and gas leases in the shallow waters of Smith Bay north of the National Pe....

  • ConocoPhillips AK shows net 2023 income of $1.8B; paid same in tax - 02/18/2024 (Full story) On Feb. 8, in connection with ConocoPhillips' fourth-quarter 2023 earnings call, ConocoPhillips Alaska reported net income of $1.8 billion for the full year of 2023. ConocoPhillips Alaska incurred an estimated $1.8 billion in taxes and royalties in 2023, which includes $1.2 billion to the state of....

  • Canada's 'second chance for LNG' comes with US pause on approvals - 02/18/2024 (Login to read Full story) The Canadian LNG sector, led by previously hesitant Alberta Premier Danielle Smith, is buoyed by President Joe Biden's move to pause approvals of new LNG export terminals, seeing this as a "second chance" for Canada to overtake the U.S. global dominance of the export business. "I hope Canada doesn't....

  • A close call for Southcentral gas - 02/18/2024 (Login to read Full story) During recent presentations to the Alaska Legislature John Sims, president of Cook Inlet Natural Gas Storage Alaska, provided information about the issues with gas deliverability from the storage facility during a recent period of severely cold weather in Southcentral Alaska. On Feb. 6 Sims told th....

  • AOGCC fines Hilcorp for Milne Point well - 02/18/2024 (Login to read Full story) The Alaska Oil and Gas Conservation Commission has fined Hilcorp Alaska $260,477 for failure to perform a required mechanical integrity test, MIT, on the S-33A well in the Milne Point unit on the North Slope. The violation of rule 4 of Area Injection Order 10B occurred last year. Hilcorp reported i....

  • CINGSA files 2024 plan of development - 02/18/2024 (Login to read Full story) Cook Inlet Natural Gas Storage Alaska, CINGSA, has filed its 2024 plan of development with the Alaska Department of Natural Resources' Division of Oil and Gas for gas storage lease ADL 391627 at the Sterling C Pool. 2024 plans include the addition of two more wells and additional equipment, includin....

  • Baker Hughes US rig count gains 4 to 623 - 02/18/2024 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was 623 for the week ending Feb. 9, up by four rigs from 619 the previous week, and down by 148 from 761 a year ago. The rig count increased in four of the last eight weeks and decreased in four, with a gain of eight balanced against a loss of eight o....

  • This month in history: Drilling under way - 02/18/2024 (Login to read Full story) Editor's note: This story first appeared in the Feb. 15, 2004, issue of Petroleum News. Two majors and a large independent have 2004 exploration projects underway on Alaska's North Slope and expect to have the bit turning to the right on the first well before mid-February. ConocoPhillips Alaska is....

  • DOE selects Arctic Energy Ambassadors - 02/18/2024 (Login to read Full story) The U.S. Department of Energy's Arctic Energy Office has selected 12 Arctic Energy Ambassadors to help foster energy security while also helping advance the clean energy transition in Alaska. Each ambassador represents one region of the state. The ambassador program has been developed by the Arctic....

  • PND Engineers, Inc. - 02/18/2024 (Login to read Full story) PND, a multidisciplinary engineering firm founded in Anchorage in 1979, now features five professionally licensed geotechnical engineers. A dynamic consulting firm with more than 100 full-time employees across nine nationwide offices, including three locations in Alaska, PND maintains a staff of pro....

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    Note: Unlike Petroleum News, the News Bulletin Service covers Alaska only; delivering important oil and gas news as it breaks.

  • First well to target central reservoir area 10/19/2023
  • Armstrong's Lagniappe moves on South Badami exploration program 03/30/2023
  • DNR commissioner issues proposed decision on Pikka pipeline 09/06/2022
  • ConocoPhillips, ExxonMobil, Chevron interested in Pikka? 05/23/2022
  • Fiord West produces first oil, 10,000 bpd 05/20/2022

    The eAlert News Bulletin Service is our premier information service. Often delivered multiple times per week by email, it provides the latest breaking news for the oil and gas industry.
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