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First oil creeps up
- 08/31/2025 (Full story)
On Aug. 27 mid-morning Alaska-time, Santos Ltd hosted a live webcast providing an overview of its half-year 2025 results. Led by Santos Managing Director and CEO Kevin Gallagher, the webcast revealed the latest news about the company's Pikka Phase 1 development in northern Alaska.
(See slide in the....
ANS rises into $70s
- 08/31/2025 (Login to read Full story)
Alaska North Slope crude made a foray up into the $70s Aug. 25, gaining 96 cents to close at $70.62 per barrel, as West Texas Intermediate surged $1.14 to close at $64.70 and Brent jumped $1.07 to close at $68.80.
Markets were buoyed as traders considered supply interruptions from stepped up Ukrain....
More wells at Beluga
- 08/31/2025 (Login to read Full story)
Hilcorp Alaska continues development drilling at the Beluga River field it operates on the west side of Cook Inlet, currently the largest natural gas producer in Southcentral, averaging 47,349 thousand cubic feet per day in July, the latest month for which Alaska Oil and Gas Conservation Commission....
Oil patch insider: AIDEA praises Furie; Donlin close
to development w/ 300-mi gas line
- 08/31/2025 (Login to read Full story)
On Aug. 25, the Alaska Industrial Development and Export Authority, or AIDEA, congratulated Furie Operating Alaska on the continued success of its 2025 drilling season.
The company's natural gas production has increased as expected with recently drilled wells. Furie is actively monitoring and evalua....
Chugach Electric has proposed rate increases for its customers - 08/31/2025 (Login to read Full story)
Anchorage based Chugach Electric Association has asked the Regulatory Commission of Alaska for approval of an increase in the rates that the utility charges its customers. The electricity utility told the RCA that "to manage Chugach's operations and fulfill its mission of providing safe, reliable an....
Cosmopolitan unit's 13th plan of development placed in abeyance
- 08/31/2025 (Login to read Full story)
On Aug. 21, the Alaska Department of Natural Resources' Division of Oil and Gas declared that BlueCrest Alaska Operating's proposed 13th plan of development for the Cosmopolitan Unit would be held in abeyance because the company was in default for failure to comply with the terms and conditions of t....
Baker Hughes US rig count down 1 at 538 - 08/31/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 538 on Aug. 22, down one from the previous week. Over the past 17 weeks, one week had an increase and one week had an unchanged count, down 46 over the period. The count was down by 47 from 585 a year ago and down one from two weeks ago. This is the l.... |
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Division issues call for new information
- 08/31/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has issued a call for new information for the 2026 Cook Inlet and Alaska Peninsula areawide lease sales, which the division said are tentatively scheduled for the first half of 2026.
The division said in an Aug. 22 public notice th....
Federal funding for solar energy cancelled
- 08/31/2025 (Login to read Full story)
The U.S. Environmental Protection Agency has notified the Alaska Energy Authority that the federal government has cancelled funding under the Solar for All program that had been authorized by the Inflation Reduction Act passed in 2022. EPA had awarded AEA a grant of $62.5 million under the program f....
EV charging station funding re-instated - 08/31/2025 (Login to read Full story)
The federal government has re-activated funding under the National Electric Vehicle Infrastructure, or NEVI, funding program, to support the installation of high-speed charging stations for electric vehicles in Alaska. The U.S. Department of Transportation had suspended the program in early February....
Request for Yukon Flats proposal comments - 08/31/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas issued a notice of intent to evaluate an oil and gas exploration license proposal and a request for comments on Aug. 20. The division originally posted the proposal, asking for other proposals and comments, on June 18. In its Aug. 2....
Eni enters Alaska
- 08/31/2025 (Login to read Full story)
Editor's note: This story first appeared in the Aug. 28, 2005, issue of Petroleum News.
Eni Petroleum Exploration Co. has purchased the assets of Armstrong Alaska, which include 104 oil and gas leases on the North Slope where Eni said "reserves are expected to exceed 170 million barrels." The leases....
Oil patch bits: Coffman Engineers Hettick earns professional license - 08/31/2025 (Login to read Full story)
Coffman Engineers Inc. said Aug. 19 that it congratulates Catelynn Hettick on earning her professional engineering license in fire protection engineering. Attaining her PE marks a significant milestone in her career and reinforces her commitment to advancing safety and engineering excellence.
With....
Oil patch bits: Coastal Bend LNG selects EXP as lead consultant - 08/31/2025 (Login to read Full story)
As reported by EXP News Aug. 11 Coastal Bend LNG announced it has selected EXP, a global engineering, architecture, design and consulting firm, as lead environmental consultant for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. EXP will provide environmental consul.... |
