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Spectacular recovery
- 11/29/2020 (Full story)
Nov. 24 will be a day to remember in the annals of oil price history, as the day when optimism for a return to post-COVID normalcy took flight. It was the day oil prices broke out of an eight-month-long trading trough that has dogged prices since the pandemic hit in early 2020.
Alaska North Slope cr....
Another lawsuit filed
- 11/29/2020 (Login to read Full story)
As part of what has become a continuing paradigm for planned North Slope oil and gas activities, on Nov. 17 the Sovereign Inupiat for a Living Arctic and four environmental organizations filed an appeal in the federal District Court for Alaska, challenging the Bureau of Land Management's approval of....
Upstream uptick
- 11/29/2020 (Login to read Full story)
Surviving is the operative word in Western Canada's upstream sector these days. Forget thriving.
In its annual forecast for the upcoming year the Canadian Association of Oilwell Drilling Contractors was only able to assemble a shred of hope, forecasting 3,771 wells in 2021, an increase of 475 wells....
Oil patch insider: Amaroq to appeal AOGCC decision; RDC's virtual conf a newsmaker
- 11/29/2020 (Full story)
Amaroq Resources will “almost certainly appeal” the Alaska Oil and Gas Conservation Commission's Nov. 9 decision revising the company's bonding requirements, Amaroq President Scott Pfoff told Petroleum News in a Nov.17 email.
Under its new bonding regulation AOGCC originally assessed Amaroq $2.4 mil....
OCC rule targets banks that red-line oil projects in the Arctic - 11/29/2020 (Login to read Full story)
The Office of the Comptroller of the Currency proposed a rule Nov. 20 directing fair access to banking services — consistent with the Dodd–Frank Act mandate — from national banks, federal savings associations, and federal branches and agencies of foreign bank organizations.
While the rule aims to p....
Preliminary draft out for Julius R discharges, includes produced water - 11/29/2020 (Login to read Full story)
In its 2020 plan of development for the Kitchen Lights unit HEX, the new owner of Furie Operating Alaska, said the company has been producing only from the Beluga formation on the Julius R platform in Cook Inlet since a hydrate plug forced shutdown of production in early 2019.
HEX Cook Inlet acquir....
December start for online bidding for state's northern lease sales - 11/29/2020 (Login to read Full story)
Online bidding for the state's northern oil and gas lease sale areas — Beaufort Sea, North Slope and North Slope Foothills — opens on Dec. 14, the Alaska Department of Natural Resources' Division of Oil and Gas said in a Nov. 20 sale notice.
These are the sales that have typically been held in the....
PODs filed for Duck Island, Northstar
- 11/29/2020 (Login to read Full story)
Hilcorp Alaska, operator of Duck Island and Northstar, submitted annual plans of development to the Alaska Department of Natural Resources' Division of Oil and Gas Nov. 16 for the two units, the smallest of its North Slope operated fields.
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Draft ERO governance regulations delay
- 11/29/2020 (Login to read Full story)
The development of draft regulations for the governance of electric reliability organizations in Alaska is taking longer than anticipated, Regulatory Commission of Alaska Commissioner Antony Scott told a meeting of the RCA on Nov. 18. The commission had originally anticipated publishing the draft re....
GAO: end of export ban brought price rise
- 11/29/2020 (Login to read Full story)
The U.S. Government Accountability Office used U.S. Energy Information Administration data and interviews with industry stakeholders to gather information for an analysis of effects of the 2015 repeal of the U.S. ban on the export of crude oil. The analysis, released in October, analyzed EIA data fr....
Kuwait faces reckoning, debt crisis looms - 11/29/2020 (Login to read Full story)
When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks.
But unlike much of the world, where long lines formed for donated food, Kuwaitis were waiting to buy Cartier....
US drilling rig count drops by two to 310 - 11/29/2020 (Login to read Full story)
The Baker Hughes U.S. rotary rig count dropped to 310 for the week ending Nov. 20, down by two from 312 the previous week, a minor reversal in a gradual increase that began in mid-August. The count is still down substantially from a year ago, by 493 from 803.
When the count hit 244 the week of Aug.....
Furie asks P&A status for suspended wells
- 11/29/2020 (Login to read Full story)
Furie Operating Alaska, acquired by HEX Cook Inlet out of bankruptcy effective July 1, has applied to the Alaska Oil and Gas Conservation Commission to permanently reclassify from suspended to abandoned status three offshore exploration wells at its Kitchen Lights unit in Cook Inlet — KLU 1, KLU 1A....
Comments call out for Talitha exploration - 11/29/2020 (Login to read Full story)
The Alaska Department of Natural Resources' Division of Oil and Gas has put out a call for comments on Great Bear Pantheon's proposed Talitha A exploration well plan.
In a Nov. 23 notice the division said the Talitha A exploration well project was included in Great Bear's request for unit plan of o....
First Nations join Keystone XL pipeline
- 11/29/2020 (Login to read Full story)
TC Energy has played what is widely viewed as its ace card in the Keystone XL gamble.
Ending a prolonged period of speculation and rumors, the Calgary-based pipeline giant has announced that a group of five Canadian First Nations has signed a deal to make an equity investment of up to C$1 billion in....
AOGCC public meetings telephonic in 2021 - 11/29/2020 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission has published dates for its 2021 public meetings, which the public is invited to attend telephonically until further notice due to health mandates issued as a result of the COVID-19 virus.
The number is 1-800-315-6338, code 14331.
The meetings start a.... |
