Alaska's source for oil and gas news
Alaska's source for oil and gas news
Sorted by date Results 26 - 50 of 1794
The Canadian government is trying to revive oil and natural gas interest in the High Arctic islands after a lapse of more than four decades in exploration activity. In a surprise move, the government has invited companies to nominate lands in the Arctic archipelago that could form a future lease auction, while disclosing that the small Bent Horn oil field which yielded 2.8 million barrels in the 1985-96 period is up for grabs. The next step will hinge on how many, if any, companies select blocks they would like to see become part of a bidding...
Buccaneer Energy Ltd. anticipates spudding its first well at the Cosmopolitan prospect in late March, but the timeline depends on the company getting final approvals in place. A local subsidiary of the Australian independent said that the American Bureau of Shipping recently certified its Endeavour jack-up drilling rig as “seaworthy,” but before Buccaneer can begin drilling at the offshore Cook Inlet prospect it must also get the rig certified by the U.S. Coast Guard and the Alaska Oil and Gas Conservation Commission. The rig is currently under...
On March 4 President Obama announced his nominations for key cabinet positions: Gina McCarthy to replace Lisa Jackson as administrator of the Environmental Protection Agency, or EPA, and Ernest Moniz to replace Steven Chu as secretary of energy. McCarthy has been running the air pollution division of EPA during Obama’s first four years as president and people have been commenting that her nomination appears to re-enforce Obama’s stated intent to focus on global warming as part of his environmental agenda during his second term in office. Whe...
The financially strapped Alberta government has cancelled C$285 million in funding for a carbon capture and storage project, leaving the industrial partner clinging to hopes of being able to rescue the venture without public backing. The pullout adds to doubts hanging over the province’s goal of developing a commercial answer to reduce its carbon dioxide emissions and is a far cry from the upbeat days in 2008 when then-premier Ed Stelmach committed C$2 billion over 15 years for carbon capture and storage, or CCS, which he touted as A...
U.S. Sen. Mark Begich, D-Alaska, has introduced the Arctic Deep Water Ports Enhancement Act of 2013. The bill is meant to promote development of deepwater ports in the region, said a March 1 press release from Begich’s office. “Arctic ports will have a big effect on the way we produce and export natural resources and on our ability to reduce high fuel costs in the region,” Begich said. The idea of establishing one or more ports to support activity in the Arctic Ocean has drawn considerable attention recently. Arctic sea ice is dimin...
The National Oceanic and Atmospheric Administration is embarking on a major effort to improve nautical chart coverage for some of Alaska’s most remote waters. NOAA’s Office of Coast Survey plans to create 14 new charts to complement existing chart coverage. Several of the charts will cover areas stretching from the Alaska Peninsula northward into the Arctic Ocean. NOAA sees improved charts as an imperative as Arctic ice diminishes. “As multi-year sea ice continues to disappear, vessel traffic in the Arctic is on the rise,” said Rear Adm. Gerd G...
URS Corp. is a leading provider of environmental, engineering, technical and construction management services for public sector and private sector clients around the world. Gary Reimer, Senior Program Manager Recently joining URS, Gary Reimer has extensive federal experience, particularly in NEPA reviews of Alaska projects. His strong history working with both local state and federal governments will prove a major asset to URS in supporting projects for responsible development in Alaska. Reimer previously served as BLM’s Anchorage district o...
Maritime Helicopters Inc. said Feb. 19 that it will be celebrating 40 years of service in Alaska this year. Starting with one leased helicopter in 1973, the family-owned business has steadily grown to become the only Bell Helicopter/Textron Service Center in Alaska. Maritime owns a fleet of Bell Jet Rangers, Long Rangers, and 407 models which support marine, petroleum, construction and government agencies throughout the state. From the main headquarters in Homer, the company has satellite bases in Kodiak, Dutch Harbor and Kenai. Maritime...
Interested in information about firms that provide goods and services for oil companies in the Bakken? The Bakken Oil & Gas Directory lists all the operators in the Williston Basin’s Bakken/Three Forks play, as well as service, supply, equipment, financial, construction, transportation, housing and other active firms. News items, company profiles and photo features provide more information about those companies that serve the oil and gas industry in the Williston Basin of North Dakota, Montana, Saskatchewan and Manitoba. The second edition o...
United States rail car manufacturers should have enough units on the rails to carry 2 million barrels per day by the end of 2014, well over double what is currently extracted from the Bakken shale basin, according to an a rail industry advisor. Of the current tank car backlog of about 48,000 as many as 30,000 are needed for crude petroleum, Toby Kolstad, who runs the firm Rail Theory Forecasts told the National Post, and the firm is counting on thousands of cars coming off the production lines at Trinity Industries, Union Tank Car and Greenbrie...
Growth in unconventional crude from sources in the Bakken and the Alberta oil sands will see North American become a net exporter of petroleum liquids in the 2020-22 period, the Hart Energy-Canadian Society for Unconventional Resources conference in Calgary was told Feb. 27. Terry Higgins, director of refining at Hart Energy, predicted shale oil alone will boost output by 2.6 million-2.8 million barrels per day, while the oil sands will add another 2.5 million bpd, along with 800,000 bpd of natural gas liquids, offset by a drop in gasoline...
Subscribers: To view the "North Dakota well operator transfers" chart, please click on the above PDF link....
Subscribers: To view the "Bakken producers’ stock prices" chart, please click on the above PDF link....
Subscribers: To view the "IPs for ND Bakken wells" chart, please click on the above PDF link....
The law offices of Ebeltoft Sickler Lawyers said Feb. 27 that attorneys Bekki Grant and Courtney Olson recently gave a presentation to the Southwest Area Human Resources Association on the issue of age discrimination in the workplace. The Southwest Area Human Resources Association is an affiliate of the Society for Human Resource Management. The Society for Human Resource Management is the world’s largest association devoted to human resource management. Attorneys Grant and Olson’s presentation covered federal and state regulations on age dis...
Lister Industries said Feb. 28 that it is pleased to announce the addition of Marjorie Parker to its team in 2012 as office manager of its Edmonton Alberta office. Parker has a solid background in oil and gas office management coming from Carlyle Saskatchewan where she worked for an oilfield service company. She will keep a steady hand on Lister’s billing and receivables and employee payrolls. Parker arrives into the office well before sun up to ensure those early bird truckers are able to load Lister rig mats quickly and get on the road to t...
Four Seasons Equipment said Feb. 28 that in partnering with the Williston Special Olympics to help raise money for a trip to the state tournament in March, it held a cookout for the team and their families at its shop in Williston, N.D., on March 9. Four Seasons would like your continuing support for these athletes and their journey to the state tournament and is requesting community support for the athletes to compete and help in developing important skills for their future. Four Seasons is especially excited for this year’s event, as one o...
Western Canadian junior producer Yoho Resources has reported successful drilling in the Duvernay formation’s Kaybob play in Alberta, where it has been encouraged by overall well costs and a multi-well pad operation. The company said it drilled and completed its first two horizontal Duvernay development wells from a pad site targeting the Devonian Duvernay shale, a close geological relative of the Bakken. The first was drilled to a depth of 16,200 feet, with a horizontal lateral of just over 5,000 feet. The well was drilled and cased over 33 d...
Subscribers: To view the "December 2012 Montana Bakken oil production by company" chart, please click on the above PDF link....
Subscribers: To view the "North Dakota Well Operator Transfers/Changes January & February 2013" chart, please click on the above PDF link....
Michael J. Stover, manager of Marathon Oil’s mid-continent production operations, has been appointed to the newly established position of vice president of operations services, effective Feb. 1, the company said Jan. 29. In his new role Stover will have oversight responsibility for Marathon’s upstream development, technology, global procurement, land and commercial services, and drilling and completions activities. Based in Houston, he will report to Marathon Chairman, President and CEO Clarence P. Cazalot Jr., the company said. “Establishing t...
Sixty percent of U.S. oil and gas chief financial officers, CFOs, who responded to a national survey say they feel more pessimistic this year than last on the state of the U.S. economy and its impact on demand for oil and gas. This is reflected in a drop in sentiment about accessing capital and credit. In 2011, 73 percent of CFOs felt positive about accessing additional sources of financing, compared to just 59 percent this year. The survey found that 31 percent of U.S. energy companies plan to increase their capital investments for 2013 in...
Subscribers: To view the "October 2012 Top 50 North Dakota Bakken Oil Producers" chart, please click on the above PDF link...
Subscribers: To view the "October 2012 North Dakota Bakken oil production by company" chart, please click on the above PDF link...
UltraStar Exploration LLC, sister company to Winstar Petroleum LLC, is looking to drill a second well in its Dewline unit, which consists of four leases wedged into the coastline of the Prudhoe Bay unit. The Alaska-based independent consists essentially of one man — Jim Weeks — and a group of investors. Weeks helped found Winstar Petroleum LLC in the late 1990s, UltraStar in 2002 and Dewline Petroleum LLC in 2008 with an overlapping group of investors. Today, UltraStar holds some 4,533 acres over the four-leases that make up the Dewline uni...
