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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • ANS approaches $90 - 01/23/2022 (Full story) North Slope crude rose 11 cents to close at $89.39 per barrel Jan. 19, while West Texas Intermediate popped $1.53 to close at $86.96 and Brent rose 93 cents to close at $88.44. WTI set a fresh seven-year high with its 1.8% rise on the day. Traders bid prices higher as the omicron variant of COVID-19....

  • Permits largely in hand - 01/23/2022 (Full story) In a Jan. 17 operations update 88 Energy Ltd. said the permit to drill the Merlin 2 well is in the final stages of review by the U.S. Bureau of Land Management and that snow road construction and the commissioning of the Doyon Arctic Fox rig have begun ahead of an expected February spud date. The ap....

  • Demand soars in winter - 01/23/2022 (Full story) In a Jan. 12 presentation to the Regulatory Commission of Alaska, executives from Southcentral gas utility Enstar Natural Gas Co. described how the utility succeeds in supporting peak gas demand during severe cold winter weather such as in November and early December of last year. A high proportion....

  • Draft permit for Pikka seawater treatment plant out for comment - 01/23/2022 (Login to read Full story) The Alaska Department of Environmental Conservation has issued a draft permit for wastewater discharges from Oil Search Alaska's proposed seawater treatment plant at Oliktok Point on the North Slope. The STP “will function as a treatment and distribution point for waterflood used to maintain formati....

  • Carbon capture tax credit vital, Canadian energy leaders insist - 01/23/2022 (Login to read Full story) Canada's Big Oil — specifically the Alberta oil sands — is about to learn what shape its future will take under the national government of Prime Minister Justin Trudeau. A long-promised federal tax credit for investments in carbon capture, utilization and storage, CCUS, is likely to be included in t....

  • US expected to be top exporter of LNG in 2022; China top importer - 01/23/2022 (Login to read Full story) In 2021 the United States was the third largest exporter of liquefied natural gas — after Australia and Qatar — but this year the U.S. is projected, for the first time, to top the list. On the import side, China surpassed Japan last year as the largest importer of LNG, the first time Japan has not....

  • Capline reversal boon to Canadian oil sands in moving crude to Gulf - 01/23/2022 (Login to read Full story) Having seen two of their hoped-for outlets to Asian markets scuttled by the Canadian and U.S. governments, Alberta oil sands producers have seized an overlooked alternative route. They have quietly and suddenly taken advantage of Ohio-based Marathon Pipe Line's reversal of its Capline system that pr....

  • Court orders review of pipe expansion need - 01/23/2022 (Login to read Full story) An Illinois appellate court has set aside a decision by state regulators that would allow the Dakota Access oil pipeline to double capacity to 1.1 million barrels daily. In a 60-page decision filed Jan. 12, the appellate court's three-judge panel ordered the Illinois Commerce Commission to review t....

  • Rig count tops 600 for 1st time since 2020 - 01/23/2022 (Login to read Full story) Baker Hughes' U.S. rotary drilling rig count topped 600 for the week ending Jan. 14, at 601 a gain of 13 rigs over the previous week and up 228 from a count of 373 a year ago. This is the first time the count has topped 600 since April 2020 and the first time since April 2021 that the week-over-week....

  • Photos show aftermath of Abu Dhabi attack - 01/23/2022 (Login to read Full story) Satellite photos obtained by The Associated Press Jan. 18 appear to show the aftermath of a fatal attack on an oil facility in the capital of the United Arab Emirates claimed by Yemen's Houthi rebels. The attack brought the long-running Yemen war into Emirati territory Jan. 17. That conflict raged....

  • Hilcorp applies for Milne S Pad expansion - 01/23/2022 (Login to read Full story) Hilcorp Alaska has applied to the Alaska Division of Oil and Gas to expand S Pad in the Milne Point unit. S Pad is some 6 miles northeast of the Kuparuk airstrip and 7 miles south of Milne Point on the North Slope, the division said in a public notice. Hilcorp is requesting authorization to add an....

  • Hilcorp plans L pad expansion at Prudhoe - 01/23/2022 (Login to read Full story) Prudhoe Bay unit operator Hilcorp North Slope has applied to the Alaska Division of Oil and Gas for a unit plan of operations amendment to expand L Pad at Prudhoe by 3.7 acres to accommodate 15 new wells. The expansion is on the west side of the pad. Public comment on the proposal closes at 4:30 p....

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  • Court confirms Furie's plan for Ch. 11 sale to Hex 06/12/2020
  • Restructured, renamed Hex nears closing date on Furie assets 06/04/2020
  • RCA approves Chugach Electric purchase of ML&P 05/29/2020
  • Hilcorp gets approval for Whiskey Gulch strat test plan 05/22/2020
  • Alaska Gasline Development receives FERC approval 05/21/2020

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