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Tariff deadline looms
- 07/27/2025 (Login to read Full story)
Crude futures saw scant price movement July 23 as the looming threat of a U.S.-imposed Aug. 1 deadline for trading partners to make a deal or face punitive tariff levels was blunted by a new U.S./Japan trade deal together with constructive developments in U.S./European Union talks.
West Texas Interm....
Unit contraction delay
- 07/27/2025 (Login to read Full story)
Hilcorp Alaska has received another extension on contraction of its Kenai Peninsula Ninilchik unit, one of the inlet's largest natural gas producers.
Regulations of the Alaska Department of Natural Resources require that 10 years after the beginning of sustained production, a unit will be contracte....
Alaska prospects advanced
- 07/27/2025 (Login to read Full story)
88 Energy Limited's quarterly activities report revealed steady growth across its global oil and gas portfolio in the quarter ending June 30.
In regard to Alaska, at the Leonis project on the eastern North Slope the Australia-based company expanded its resource base with new lease awards and updated....
Oil patch insider: Pantheon drilling Dubhe-1;
S&P affirms Chugach credit ratings - 07/27/2025 (Login to read Full story)
On July 22 Pantheon Resources started drilling the Dubhe-1 appraisal well at the company's Ahpun oil field on the North Slope of Alaska.
Dubhe-1 will target the topset horizon, SMD-B, as the primary target, appraising an already discovered resource.
An independent expert report completed by Cawley....
BP is last company standing for final P&A work at Gubik gas well - 07/27/2025 (Full story)
BP wasn't the operator when the Gubik Unit 1 exploration well was drilled on the North Slope in 1963, but of the three drilling partners -- operator Colorado Oil and Gas, Sinclair Oil & Gas Co. and BP Exploration Company (Alaska) -- it is the only remaining company.
As such, the Alaska Oil and Gas....
Oliktok barge ramp work approved; 5-year screeding, landing permit
- 07/27/2025 (Login to read Full story)
An April 21 request from Hilcorp Alaska for a 5-year land use permit for screeding activities at Oliktok Point and the Spy Island Drill Site, and installation of a seasonal barge landing at Oliktok Point, drew comments from ConocoPhillips Alaska.
The request was approved by the Alaska Department of.... |
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This month in history: NSB agrees to rezoning for Nikaitchuq - 07/27/2025 (Login to read Full story)
Editor's note: This story first appeared in the July 24, 2005, issue of Petroleum News.
At its June 2005 assembly meeting the North Slope Borough approved the rezoning of the area around the Nikaitchuq unit, Gordon Brower special assistant to the Land Management Division of the North Slope Borough P....
Baker Hughes US rig count jumps 7 to 544 - 07/27/2025 (Login to read Full story)
Baker Hughes' U.S. rotary drilling rig count jumped to 544 on July 18, up by seven from the previous week -- the increase, the first following 11 consecutive weeks of drops, was in rigs targeting natural gas, up nine, while rigs targeting oil dropped by two. The count was down by 42 from 586 a year....
Doyon Nenana seismic to be released - 07/27/2025 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas said July 16 that within 30 days it will release Nenana 2D/3D seismic permitted by Doyon Limited in Interior Alaska at Fairbanks Meridian, Township 3--4S, Range 8--9W.
The Division of Oil and Gas complies with Title I of the America....
AEA invites renewable energy grant apps - 07/27/2025 (Login to read Full story)
The Alaska Energy Authority is inviting applications for grants from round 18 of the agency's Renewable Energy Fund grant program. This program, which was established by the Alaska Legislature in 2008, uses a competitive selection process to provide funding assistance for renewable energy projects i....
Milne S Pad expansion request approved - 07/27/2025 (Login to read Full story)
A request from Hilcorp Alaska for expansion of S Pad at the company's Milne Point unit on the North Slope was approved July 21 by the Alaska Department of Natural Resources' Division of Oil and Gas.
The division said the expansion upgrades the facility for future additional wells and well work acti....
Oil patch bits: Coffman Engineers Lallish and Fowler earn licenses - 07/27/2025 (Login to read Full story)
Coffman Engineers Inc. said July 9 that it congratulates McKenzie Lallish and Noah Fowler on earning professional engineering licenses in structural engineering and mechanical engineering.
Lallish joined Coffman in 2013 as a structural engineer after graduating from the University of Alaska Anchora.... |
