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Beaten to pulp
- 04/11/2021 (Full story)
Dr. Paul Craig, a veteran oil and gas investor in Alaska, told Petroleum News April 6 what other experienced North Slope operatives were only willing to say off the record: Although “88 Energy stock got beaten to a pulp on the news about the Merlin 1 well, I like the results. But the market doesn't....
US optimism lifts oil
- 04/11/2021 (Login to read Full story)
Alaska North Slope crude rose 42 cents April 7, to close at $63.10 per barrel, while Brent crude rose 42 cents to close at $63.16 and West Texas Intermediate gained 44 cents to a close of $59.77.
It was the second day of gains for the crude indexes, spurred by optimism over the reopening of the U.S.....
Russians coming … perhaps
- 04/11/2021 (Login to read Full story)
As Russia rolls out its grand strategy to seize a vital stake in supplying global energy, nothing is too small to be ignored.
A year after the Russian government pushed through legislation creating US$300 billion in new incentives to build ports, facilities, pipelines and oil and natural gas develop....
Hilcorp: working interest owners approve no new Prudhoe IPA wells - 04/11/2021 (Login to read Full story)
No new drilling at Prudhoe this year — that's the message unit operator Hilcorp North Slope has been delivering as it files plans of development with the Alaska Division of Oil and Gas.
In January the company said the field's working interest owners had not approved a 2021 drilling program for the....
Concerns are raised over ERO regs for oversight of electric grid - 04/11/2021 (Login to read Full story)
While work continues in the Regulatory Commission of Alaska, developing regulations for RCA oversight of electric reliability organizations in Alaska, controversy is also continuing to emerge over how prescriptive the regulations should be, and over whether or not an ERO should be regulated as a pub....
Oil Search gets clearance for seawater treatment plant lines - 04/11/2021 (Login to read Full story)
On April 5, Alaska's Division of Oil and Gas issued Oil Search Alaska an entry authorization for five years and a conditional private, nonexclusive easement for the Pikka unit's Seawater Treatment Plant's make-up water pipeline, fuel gas pipeline and fiber optic cable. The decision, signed by Divisi....
Rail blockbuster could open way to more Canadian CBR shipments - 04/11/2021 (Login to read Full story)
Canadian crude exporters to the United States may benefit from a friendly blockbuster US$25 billion takeover of Kansas City Southern by Canadian Pacific Railway which could raise hopes for increased access to Gulf Coast refineries, the world's largest complex of heavy oil processers.
But all that ha.... |
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Hilcorp has fuel line leak in Cook Inlet - 04/11/2021 (Login to read Full story)
Hilcorp Alaska has reported a fuel gas leak in Cook Inlet.
“On April 1, 2021, a Hilcorp helicopter observed a release from a fuel gas pipeline connected to our Middle Ground Shoal offshore facilities,” Hilcorp Alaska spokesman Luke Miller said in an April 6 email to Petroleum News.
The Alaska Depa....
EIA: Brent spot price averaged $65 in March
- 04/11/2021 (Login to read Full story)
The Brent crude oil spot price averaged $65 per barrel in March, the U.S. Energy Information Administration said April 6 in its Short-Term Energy Outlook, up $3 per barrel from February, and up $33 from March 2020 at the beginning of the coronavirus pandemic in the U.S.
“As economic activity recove....
PODs describe work on Cook Inlet fields
- 04/11/2021 (Login to read Full story)
Hilcorp Alaska submitted plans of development, PODs, with the Alaska Department of Natural Resources' Division of Oil and Gas April 1 for proposed plans for work at its existing offshore Cook Inlet fields. The PODs cover July 1 through June 30, 2022.
Hilcorp owns and operates fields which produce f....
US rotary rig count jumps by 13 to 430 - 04/11/2021 (Login to read Full story)
The Baker Hughes U.S. rotary drilling rig count, 430 on April 1, was up by 13 from 417 the week ending March 26 and down 234 from a count of 664 a year ago.
When the count bottomed out at 244 in mid-August last year, it was not just the low for 2020, but the lowest the count has been since the Hous....
Infrastructure plan has $16B for cleanup - 04/11/2021 (Login to read Full story)
President Joe Biden's $2.3 trillion plan to transform America's infrastructure includes $16 billion to plug old oil and gas wells and clean up abandoned mines, a longtime priority for Western and rural lawmakers from both parties.
Hundreds of thousands of “orphaned” oil and gas wells and abandoned....
Dunleavy asserts control of waterways
- 04/11/2021 (Full story)
Alaska Gov. Mike Dunleavy is taking action to give the state stronger control over its own destiny in the face of federal overreach into the affairs of the state, with a focus on Alaska's lands and natural resources.
In a March 26 letter to President Joe Biden, Dunleavy put the administration on not.... |
