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New gas from inlet
- 05/11/2025 (Login to read Full story)
HEX Cook Inlet, whose wholly owned subsidiary Furie Operating Alaska is operator of the Kitchen Lights unit in Cook Inlet, expects to have its two new natural gas wells online before August. Furie is currently drilling the wells using the Spartan 151 jack-up for its 2025 $40 million program.
The rig....
China budge ups ANS
- 05/11/2025 (Login to read Full story)
Positive news on U.S./China trade talks and China's domestic economic stimulus took crude futures higher in Asian trade May 8 as Petroleum News went to press.
Alaska North Slope crude slid $1.32 May 7 to close at $64.31 per barrel, as the Federal Reserve struck a wait-and-see posture on interest rat....
Legislators have concerns
- 05/11/2025 (Login to read Full story)
Alaska Gasline Development Corp. officials and board members have been spending a fair amount of time in Juneau this session addressing concerns of legislators on plans to move the Alaska LNG Project forward.
The Legislature was heavily involved in earlier incarnations of plans to move North Slope....
Alyeschem reaches FID; working on loan papers for petrochemical plant - 05/11/2025 (Login to read Full story)
On Feb. 29, the Alaska Industrial Development and Export Authority, or AIDEA, and Alyeschem LLC announced a major milestone in the monetization of Alaska's North Slope stranded gas through the advancement of Alyeschem's petrochemical plant at Prudhoe Bay, the first petrochemical facility in the U.S.....
Hilcorp to begin pilot polymer injection in Milne Ugnu formation - 05/11/2025 (Full story)
The Alaska Oil and Gas Conservation Commission has approved a request from Hilcorp Alaska to extend enhanced recovery injection order No. 7 for the Milne Point unit Ugnu pilot project through Dec. 31.
The order, ERIO 7, was issued April 14, 2022, and expired in 24 months (April 14, 2024) if injecti.... |
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Division approves PODs for 3 small units
- 05/11/2025 (Login to read Full story)
Derek Nottingham, director of the Alaska Department of Natural Resources' Division of Oil and Gas, has approved 2025 plans of development for three Hilcorp Alaska units in the Cook Inlet basin: Ivan River, Lewis River and Pretty Creek. These small gas fields are on the west side of Cook Inlet, north....
Baker Hughes US rig count down 3 at 584
- 05/11/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count was 584 on May 2, down by three from the previous week, down by 21 from 605 a year ago and down by one from two weeks ago. Over the last eight weeks the rig count was up in three weeks, down in four and unchanged in one with a combined loss of 13 against....
EIA forecasts crude price down, gas up - 05/11/2025 (Login to read Full story)
In its May Short-Term Energy Outlook, released May 6, the U.S. Energy Information Administration said it expects the Brent spot oil price to average $66 per barrel this year, down from $81 in 2024, dropping to $59 per barrel in 2026.
Brent averaged $68 per barrel in April, the agency said, forecast....
Energy service jobs remain steady - 05/11/2025 (Login to read Full story)
In early May the Energy Workforce and Technology Council released it April jobs report, indicating a steady employment trend in the United States "despite broader market transitions and ongoing global trade uncertainty."
Total U.S. energy service jobs reached 639,378 in April, a minor month-over-mon....
Oil patch bits: Doyon holds community meeting with Wiseman Metals - 05/11/2025 (Login to read Full story)
As reported by Doyon Ltd. News May 5, in April, Doyon and Wiseman Metals held a community meeting in Tanana to provide updates about the latest developments on mineral exploration activities across Interior Alaska.
The collaboration between Doyon and Wiseman Metals began in March 2022 with the awar.... |
