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Recession fears loom
- 06/26/2022 (Full story)
Alaska North Slope crude slid $4.15 June 22 to close at $112.61 per barrel, while West Texas Intermediate tanked $4.46 to close at $106.19 and Brent fell $2.91 to close at $111.74.
The red ink came as traders fretted about the possibility that the United States would fall into a recession in the wak....
Ensuring gas supplies
- 06/26/2022 (Login to read Full story)
During a Regulatory Commission of Alaska public meeting on June 8 officials of Cook Inlet Natural Gas Storage Alaska described actions that they have taken in the past year to ensure the continuing reliability of the natural gas storage services that they provide for electric and gas utilities in So....
Pikka nudges forward
- 06/26/2022 (Full story)
An order granting requests by Oil Search (USA) and its parent Papuan Oil Search Ltd. was issued June 16 by the Regulatory Commission of Alaska, moving Oil Search's North Slope Pikka project that much closer to first oil in 2025. Both companies are owned by Santos Ltd.
“In the matter of the (April 21....
Sidebar: ConocoPhillips KTC filing
- 06/26/2022 (Login to read Full story)
As previously reported in the June 12 issue of Petroleum News, Kuparuk Transportation Co. applied to the Regulatory Commission of Alaska on May 24 for approval of a connection permit allowing Oil Search (USA) to connect the east end of its proposed Pikka Sales Oil Pipeline to KTC's Kuparuk Pipeline....
Oil patch insider: Plaque honoring geologist Gil Mull goes up; Brune back-up for Lt gov
- 06/26/2022 (Full story)
Amidst a severe mosquito bombardment at 8:30 a.m. on June 18, Tom Homza and Bob Swenson installed a plaque in remembrance of renowned Alaska geologist Charles G. “Gil” Mull in a rock garden in front of the Arctic Interagency Visitor Center in Coldfoot, Alaska, on the southern slopes of the Brooks Ra....
IEA: Demand rebounds; world oil use to reach new record next year - 06/26/2022 (Login to read Full story)
Worldwide demand for oil has rebounded sharply, and will surpass the pre-pandemic record next year, the International Energy Agency reports, with total consumption rising to 101.6 million barrels each day in 2023.
The strong demand for oil products has confounded many analysts.
In its 2020 annual st....
AOGCC proposes reg changes; well control plan to be required
- 06/26/2022 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission is requesting public comment on proposed changes in its regulations, changes which include the addition of emergency well control contingency plans in advance of drilling permits.
In discussing the proposal for emergency well contingency plans, AOGCC s....
SEC closes in on climate disclosure rule
- 06/26/2022 (Login to read Full story)
The Securities and Exchange Commission moved closer June 10 to a final rule that would dramatically change what public companies tell shareholders about climate change — both the risks it poses to their operations and their own contributions to the problem.
Public comment on the proposal has now cl.... |
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Nottingham approves OSA rental reduction
- 06/26/2022 (Full story)
On June 15, Derek Nottingham, director of Alaska's Division of Oil and Gas, approved a rental reduction request from Oil Search (Alaska) that was filed March 25 on behalf of the working interest owners for eight North Slope leases. In addition to OSA the other WIO is Repsol E&P USA.
The eight leases....
Hilcorp files Kenai gas field pool 6 POD - 06/26/2022 (Login to read Full story)
Hilcorp Alaska has filed the 18th plan of development for the Kenai gas field pool 6 gas storage lease, covering Aug. 1 through July 31, 2023.
In its approval of the 17th POD last June, the Alaska Department of Natural Resources' Division of Oil and Gas said Kenai Pool 6, within the Kenai unit, was....
Revenue budget forecast up from mid-March - 06/26/2022 (Login to read Full story)
In its spring revenue forecast, released in mid-March, the Alaska Department of Revenue forecast oil at $91.68 per barrel for the current fiscal year, FY2022, and $101 per barrel for FY 2023.
In a June 20 release, Revenue said it is now forecasting oil at $91.90 per barrel for FY22, up 22 cents fro....
US rotary drilling rig count up 7 to 740 - 06/26/2022 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was 740 on June 17, up by seven from the previous week and up by 270 from 470 a year ago.
When the count dropped to 244 in mid-August 2020 it was the lowest the domestic rotary rig count has been since the Houston based oilfield services company began....
Wind farm proposed near Little Mount Susitna - 06/26/2022 (Login to read Full story)
Following receipt of an application by Little Mount Susitna Wind LLC to lease state land on the south side of Little Mount Susitna for the construction of a wind farm, Alaska's Division of Mining, Land, and Water solicited interest from other parties who may consider developing the site for similar....
RCA opens EV charging station docket - 06/26/2022 (Login to read Full story)
Having recently approved initial electric utility tariffs for the supply of electricity to commercial high-speed electric vehicle charging stations in Alaska, during a June 8 public meeting the Regulatory Commission of Alaska opened a new docket, for the purpose of gathering information about the pe....
Oil patch bits: PumpTech acquires Frost Engineering Service Company NW - 06/26/2022 (Login to read Full story)
As reported by Pike Street Capital LLC June 7, Pike Street portfolio company PumpTech LLC announced the acquisition of Frost Engineering Service Company-Northwest, a provider of industrial engineering solutions for the oil and gas, petrochemical, manufacturing, and other industries. Frost Engineerin....
Series celebrates TAPS 45th anniversary
- 06/26/2022 (Full story)
Alyeska Pipeline Service Co., operator of the trans-Alaska pipeline system, is celebrating the 45th anniversary of TAPS with stories.
This series, which will release two to three stories a week through the summer,
contains content commemorating every year of operations since startup in 1977.
The.... |
