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Below are articles from this weeks's edition of Petroleum News. Subscribers must log in to view the complete articles. Subscribe now for full access.
  • Alyeschem closes - 07/20/2025 (Full story) On July 9, the Alaska Industrial Development and Export Authority, or AIDEA, executed loan agreements for project loan financing of up to $70 million to support Alyeschem LLC's $140 million development of a first-of-its-kind methanol and ultra-low sulfur diesel production facility on Alaska's North....

  • Travel demand ups ANS - 07/20/2025 (Login to read Full story) Crude futures rose in early Asian trade July 17 as oil demand continued to be bolstered by a strong summer travel season and better than expected economic reports from the United States and China, counteracting fears of oversupply and trade disruptions. Futures were little changed on July 16, with W....

  • Chugach Electric update - 07/20/2025 (Login to read Full story) In a June 25 meeting of the Regulatory Commission of Alaska Chugach Electric Association, the Anchorage based electricity utility, reported on the current electricity supply situation and the various initiatives and projects that the utility is engaged in. Among the topics presented, the utility tal....

  • Oil patch insider: Conoco to drill 4 NPR-A wells; Pantheon raises $16M; Winegarner in Asia; STaX bitcoin mining permit - 07/20/2025 (Login to read Full story) As first reported by Bloomberg on July 14, ConocoPhillips is seeking authorization from the U.S. Bureau of Land Management to conduct exploration activities in the National Petroleum Reserve-Alaska during the winter season of 2025-26. Any oil discovered will likely be processed through the company'....

  • Narwhal applies for land use at Harrison Bay for pre-winter work - 07/20/2025 (Login to read Full story) Narwhal Exploration LLC, operator of the Narwhal unit at West Harrison Bay, has applied to the Alaska Department of Natural Resources' Division of Oil and Gas for a permit for summer marine surveys and winter off road travel to support a proposed winter 2026 drilling program. The division is accepti....

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  • AOGCC approves Hilcorp Alaska's applications for Sterling wells - 07/20/2025 (Login to read Full story) Hilcorp Alaska is planning to bring the nonproducing Kenai Peninsula Sterling gas field back into production, acquired two leases in the area at the state's 2024 Cook Inlet areawide lease sale and is permitting wells. The Alaska Oil and Gas Conservation Commission has approved two applications from....

  • Kuparuk '25-'26 POD drilling Torok focused - 07/20/2025 (Login to read Full story) Kuparuk River unit operator ConocoPhillips Alaska will focus drilling during the 2025-26 Kuparuk River plan of development period on the Torok participating area. ConocoPhillips did substantial drilling at the Torok PA in the 2024-25 POD period but drilled or scheduled slightly more wells at the Coy....

  • Baker Hughes US rig count down 2 to 537 - 07/20/2025 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count was 537 on July 11, down by two from the previous week -- the eleventh consecutive week of drops. The count was down by 47 from 584 a year ago, down by 10 from two weeks ago and down 47 over the 11 weeks. This is the lowest the rig count has been since Oc....

  • Court upholds Arctic ringed seal listing - 07/20/2025 (Login to read Full story) On July 25 the U.S. Court of Appeals for the 9th Circuit upheld a decision by the federal District Court in Alaska supporting the National Marine Fisheries Service's continued listing of the Arctic ringed seal as threatened under the terms of the Endangered Species Act. The listing can place limitat....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242
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