Alaska's source for oil and gas news
Alaska's source for oil and gas news
Sorted by date Results 1 - 11 of 11
Alaska North Slope crude made a pass into the upper $90s March 9, jumping $3.41 to close at $95.47 per barrel. West Texas leapt $3.87 on the day to close at $94.77 and Brent leapt $6.27 to close at $98.96. That jump came on the heels of sizzling price moves as Iran continued to attack neighboring countries in the region with missile and drone attacks, while declaring the vital trade route through the Strait of Hormuz to be closed to shipping. On the preceding Friday, March 6, ANS vaulted $12.36 to close at $94.08. WTI vaulted $9.89 to close at...
The director of Alaska's Division of Oil and Gas has published a preliminary written determination regarding the availability of state land in the Yukon Flats region for state licensing of exploration for oil and gas. The determination covers a rectangular region of land extending across the central area of the Yukon Flats region. (See map in the online issue PDF) "The land within the Yukon Flats determination area has unknown oil and gas potential and there is limited access to existing oil and gas infrastructure in much of the region," the...
The U.S. Department of the Interior's Bureau of Ocean Energy Management has issued its 2026 Assessment of Undiscovered Oil and Gas Resources for the U.S. Outer Continental Shelf, providing 'estimates of undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the OCS.' BOEM said the 2026 assessment is a multi-year effort including data and information available Jan. 1, 2024. For the entire OCS, estimates of undiscovered technically recoverable resources, UTRR, range from 53.75...
Gov. Mike Dunleavy has appointed Tom McKay to the public seat on the three-member Alaska Oil and Gas Conservation Commission and McKay had a confirmation hearing March 9 before the House Resources Committee - a committee he chaired when he was a member of the Legislature. McKay told the committee that when he arrived in Alaska in 1980, - a freshly minted petroleum engineer from Montana Tech,- his first project was drilling an oil well from the Bruce Platform in Cook Inlet for Amoco Production Co. He said he recalled applying to Chad Chatterton,...
Two recently filed lawsuits are challenging the Bureau of Land Management- s plans to hold oil and gas lease sales in the National Petroleum Reserve-Alaska. One of the lawsuits, filed on Feb. 16 in the federal District Court for Alaska, challenges the validity of the latest NPR-A Integrated Activity Plan, the plan that determines key parameters under which the lease sales would be held. The other case, filed in the District Court for the District of Columbia on Feb. 17, challenges the legal validity of the upcoming NPR-A lease sale and particul...
The Alaska Department of Natural Resources- Division of Oil and Gas published the latest North Slope Discoveries and Prospects Map on March 4. (See map in the online issue PDF) The giant map shows the National Petroleum Reserve-Alaska on the west, the Arctic National Wildlife Refuge and coastal plain on the far right, all 2023 through 2025 exploration wellheads, proposed wells, all units, all major bodies of water and rivers, lease boundaries within discoveries and prospects. Bodies of water on the map include Mikkelsen Bay, Beaufort Sea,...
The U.S. Department of the Interior's Bureau of Ocean Energy Management has issued its 2026 Assessment of Undiscovered Oil and Gas Resources for the U.S. Outer Continental Shelf, providing 'estimates of undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the OCS.' BOEM said the 2026 assessment is a multi-year effort including data and information available Jan. 1, 2024. For the entire OCS, estimates of undiscovered technically recoverable resources, UTRR, range from 53.75...
Baker Hughes- U.S. rotary drilling rig count was 551 on March 6, up by one from the previous week and down 41 from 592 a year ago. The domestic rig count has ranged from the 530s through the 550s since the beginning of June. For 2025, the count peaked Feb. 28 (and again March 21) at 593, hitting its low point Aug. 29 at 526. For 2024, the count peaked March 1 (and again March 15) at 629, hitting its low point June 28 at 581. In 2023 the count peaked early in the year at 775 on Jan. 13, bottoming out Nov. 10 at 616. A drop of 17 to 731 on May...
On March 3, Doss Daley, an engineer at Nabors Alaska Drilling Inc., received approval from the Department of Natural Resources- Division of Oil and Gas for the Trouble Creek Bridge Ice Road Bypass Land Use Permit that Nabors applied for on Feb. 6. The permit, LAS 35846, allows the company to conduct off road travel, ice construction and associated temporary activities on state of Alaska lands and waters between the Colville and Canning rivers on the North Slope. (The project is approximately 12 miles southeast of the Kuparuk Airstrip.) Nabors...
The Bureau of Ocean Energy Management is proposing regulation updates that will reduce the cost of financial assurance for companies involved in offshore oil and gas production on the federal outer continental shelf. Companies are required to hold assurance that will cover the cost of remediating offshore sites when offshore facilities including platforms and pipelines are decommissioned. The Department of the Interior says that the proposed changes will roll back requirements from a 2024 rule that in total required companies to set aside...
With over 40 years of experience, NSTI has delivered safe, high-quality solutions that keep industries, agencies and communities connected. Whether it- s middle-mile fiber, last-mile wireless or mission-critical radio, our team brings full-service expertise across every phase of the project life cycle. Now they've partnered with us (The Fiber School) to provide scheduled fiber optic training in Alaska starting January of 2026. This partnership will provide local training in Alaska for technicians that want to learn and be certified as a fiber...
