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No forcing Shell
- 05/28/2023 (Login to read Full story)
On Dec. 20 Anchorage-based Narwhal LLC asked the Alaska Department of Natural Resources' Division of Oil and Gas to expand Shell Offshore Inc.'s West Harrison Bay unit to include Narwhal's leases. On May 23, Division Director Derek Nottingham denied that request in a written decision.
The West....
Tight market, oil up
- 05/28/2023 (Full story)
Alaska North Slope crude jumped 95 cents May 24 to close at $77.82 per barrel, as West Texas Intermediate leapt $1.43 to close at $74.34 and Brent leapt $1.52 to close at $78.36.
Prices reacted accordingly on the 24th as U.S. Energy Information Administration data confirmed a large draw on U.S. comm....
Court supports FERC
- 05/28/2023 (Login to read Full story)
The U.S. Court of Appeals for the District of Columbia Circuit has rejected an appeal by the Center for Biological Diversity and the Sierra Club for a review of the Federal Energy Regulatory Commission's order granting authorization to the Alaska Gasline Development Corp. to build and operate the Al....
Dunleavy signs Alaska's carbon offset bill, effective immediately
- 05/28/2023 (Full story)
Governor Mike Dunleavy signed Senate Bill 48 into law during the Alaska Sustainable Energy Conference on May 22, making the bill immediately effective.
SB 48, which Dunleavy introduced earlier this year, gives the State of Alaska authority to develop carbon management projects on state lands and sel....
Hilcorp request vertical pool expansion at Kenai gas field
- 05/28/2023 (Login to read Full story)
Hilcorp Alaska has applied to the Alaska Oil and Gas Conservation Commission to expand Sterling gas pool 3 within the Kenai field.
As currently defined in the conservation order for the field, Kenai Sterling gas pool 3 is the accumulation of gas common to and correlating with that found from 4,175....
Results of Chugach election: 3 directors, charity bill roundup - 05/28/2023 (Full story)
Chugach Electric Association Inc. members elected three directors to the utility's seven-member board of directors. Election results were announced May 19, at the electric cooperative's annual meeting.
There were 264 members who registered at the meeting, held at ChangePoint in Anchorage, and an.... |
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State OKs multiple plan amendments, 1 POD
- 05/28/2023 (Login to read Full story)
Recent approvals by the Alaska Department of Natural Resources' Division of Oil and Gas include the 2023 plan of development for the initial participating areas at Prudhoe Bay, up to 11 new wells at drill site 3S at the Kuparuk River unit, Oliktok causeway roadway maintenance
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This month in history: Forest Oil's Kustatan fully operational
This month in history: Forest Oil's Kustatan fully operational
- 05/28/2023 (Login to read Full story)
Editor's note: This story appeared in the May 18, 2003, issue of Petroleum News Alaska.
Forest Oil's Redoubt Shoal development in Cook Inlet, Alaska, is online, although perhaps not as fast or as smoothly as the company would have liked.
Craig Clark, Forest's president and chief operating officer,....
Sidebar: Exploration plans include Sabre - 05/28/2023 (Login to read Full story)
Editor's note: This story appeared in the May 18, 2003, issue of Petroleum News Alaska.
Forest Oil's Redoubt Shoal development in Cook Inlet, Alaska, is online, although perhaps not as fast or as smoothly as the company would have liked.
Craig Clark, Forest's president and chief operating officer,....
US rotary rig count again down sharply
- 05/28/2023 (Login to read Full story)
The Baker Hughes' U.S. rotary drilling rig count was down by 11 to 720 the week ending May 19, from 731 on May 12 (when the count dropped by 17 rigs from May 5) and the lowest the count has been since May 2022. The May 19 count is down by eight from a count of 728 for the same period a year ago.
Th....
Pantheon raises $22M for Alaska activities
- 05/28/2023 (Login to read Full story)
On May 17, Pantheon Resources announced that it raised approximately $22 million in an oversubscribed fundraise and retail offer.
Several existing and new institutional investors participated by way of a placing of 104,179,027 new shares in the AIM-quoted company..... |
