Arctic

A Father of Fracking Seeks to Emulate Shale Boom in Alaska

From Bloomberg

A pioneer of the U.S. shale revolution wants to take fracking to Alaska. Success could help revive the final frontier’s flagging oil fortunes.

Paul Basinski, the geologist who helped discover the Eagle Ford basin in Texas, is part …

March 9, 2017 - 12:45 pm Arctic, Closing Bell Story‎, Crude Oil News
Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Alaska determined to be an LNG exporter even when the oil and gas companies have bailed

Alaska’s KTVA11 reported last night that the Alaska Gasline Development Corporation (AGDC) said in a presentation before the Senate Resources Committee on Monday that …

January 24, 2017 - 4:49 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
President Declares “Indefinite” Offshore Drill Ban for Alaska and Atlantic Coastal Waters

President Declares “Indefinite” Offshore Drill Ban for Alaska and Atlantic Coastal Waters

White House Issues Memorandum Withdrawing Bulk of Alaska’s Arctic OCS and Portions of Atlantic OCS from Oil and Gas Drilling

Today the White House pulled the plug on offshore drilling leases in the bulk of the Arctic offshore Alaska and …

Alaska Celebrates Highly Successful Lease Sale this Week, Most Industry Bids Since 2010

Alaska Celebrates Highly Successful Lease Sale this Week, Most Industry Bids Since 2010

Industry made it abundantly clear they are interested in Alaska’s oil and gas–onshore and offshore: Eni, ConocoPhillips, Armstrong, Anadarko

On Wednesday, the Bureau of Land Management (BLM) and the Alaska Division of Oil and Gas each held a lease sale …

President Withdraws More of Alaska from Future Oil and Gas Production

President Withdraws More of Alaska from Future Oil and Gas Production

White House  removes 43,000 sq. miles and 3 Tcf of natural gas potential from offshore Alaska

On Nov. 9, the president signed an executive order creating the Northern Bering Sea Climate Resilience Area.

“This area, encompassing 112,300 square miles, represents …

Alaska will have No Arctic Offshore Federal Lease Sales: BOEM

Alaska will have No Arctic Offshore Federal Lease Sales: BOEM

Alaska reels as BOEM Announces Federal OCS Lease Schedule for 2017-2022

The U.S. government released its final list of federal lands offshore that it will open for lease sales for oil and gas development on the outer continental shelf (OCS). …

Offshore Alaska: DOI Adds More Drilling Regulations

Offshore Alaska: DOI Adds More Drilling Regulations

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’

Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on

Offshore Pain Continues:  Shell Cancels $600,000/Day Transocean Rig

Offshore Pain Continues: Shell Cancels $600,000/Day Transocean Rig

Polar Pioneer was the Focus of Protests Just Months Ago

Royal Dutch Shell (ticker: RDS.B) delivered some bad news for Transocean (ticker: RIG) as companies returned to their respective offices following an extended Christmas weekend. According to a RIG press …

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska’s $64.6 Million Purchase of TransCanada’s Interest in Alaska LNG is State’s “Number-One Get Well Card”

Alaska hopes to make $400 million more per year after buying TransCanada’s share of the project

Last week Alaska Governor Bill Walker said that the decision to purchase TransCanada’s share of the project was the “number-one get-well card” for Alaska’s …

Drill Rig in Alaska - Oil & Gas 360

Statoil Bails on Alaska Offshore Leases, Citing Competitive Reasons

Sen. Murkowski: Obama Administration at Fault for “Project Killer” Regulations

Statoil (ticker: STO) is closing the door on its Alaska operations, the company announced in a press release on November 17, 2015. The Norway-based exploration and production company plans …

Interior Department Puts Alaska Offshore Lease Programs on Ice

Interior Department Puts Alaska Offshore Lease Programs on Ice

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases

The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times.

The U.S. Department of Interior announced …

October 19, 2015 - 6:05 pm Arctic, Offshore, Oil and Gas 360 Articles, Regulatory
Drill Rig in Alaska - Oil & Gas 360

Armstrong Oil & Gas Defies Industry Bears, Boosts Stake in Alaska with $800 Million Transaction

Repsol Sells Portion of Interest, Dials Back Development Plans

Armstrong Oil & Gas, a private exploration and production company headquartered in Denver, Colorado, is backing up its optimism for hydrocarbon production in Alaska.

eia-alaska2On October 13, 2015, the company increased …

Greenpeace International Founder Says Environmental Movement has Left the Rails: an exclusive Oil & Gas 360® interview – Part One

Greenpeace International Founder Says Environmental Movement has Left the Rails: an exclusive Oil & Gas 360® interview – Part One

Former self-described “radical environmental activist” Dr. Patrick Moore tells Oil & Gas 360® why he left Greenpeace: 

  • Teaching kids that humans are bad and that we are the enemies of the earth is an extremely self-defeating and scientifically incorrect

Secure Data Transmissions from the Digital Oilfield

Secure Data Transmissions from the Digital Oilfield

Secure Data Coverage across 55,000 Square Miles of U.S. Oilfields

Two U.S. technology companies recently joined forces to launch a large-scale data/IoT communications network that provides secure data transmission in more than 55,000 square miles of U.S. oil and gas …

Shell Nearing Arctic Development – Under Watchful Eyes

Shell Nearing Arctic Development – Under Watchful Eyes

Huge Expectations, Huge Investment

“If you talk about 500 million barrels, I don’t think that will cut it. It must be a multi-multi-billion barrel discovery that we have there.”

After investing six years and $6 billion of its development capital, …

Murkowski Puts Forward New Offshore Legislation

Murkowski Puts Forward New Offshore Legislation

Pushing for larger share of offshore oil and gas revenues

Alaska’s Senator Lisa Murkowski put forward new legislation last week that hopes to bring more revenue from oil and natural gas production on Alaska’s outer continental shelf (OCS) back to …

Source: Rosneft

Shell Prepares to Go Back to the Arctic

Shell exec has eyes set to the North

Royal Dutch Shell (ticker: RDSA) is preparing to return to the Arctic and begin exploring for the first time since 2012, according to Chief Financial

Officer Simon Henry. Henry said the oil …

Drill Rig in Alaska - Oil & Gas 360

At $51 Billion, Alaska’s Hydrocarbons Fuel the Country’s Largest Trust Fund: EIA

State’s Permanent Fund Pays Annual Cash Dividend to All Residents

The 49th state has its perks. All Alaskans get an annual dividend check from the state. In 2014 their checks were $16 shy of $1,900 per resident.

Residents can thank …

Source: Rosneft

Report Urges Development of Arctic Assets

A report filed by the National Petroleum Council encourages the U.S. to develop Arctic energy reserves

The National Petroleum Council (NPC) recently concluded a study at the behest of the United States’ Department of Energy about potentially tapping oil and …

March 30, 2015 - 6:37 pm Arctic, Offshore, Oil and Gas 360 Articles
Source: Rosneft

Sanctions Prevent Russia From Resuming Drilling in the Arctic in 2015

Sources inside the company have confirmed that Rosneft will not be able to move forward in the Arctic for at least a year due to sanctions.

State-owned energy giant Rosneft (ticker: RNFTF) will not be able to continue drilling in …

Oil & Gas Development on the East Coast Takes Next Step

Oil & Gas Development on the East Coast Takes Next Step

The United States Department of the Interior, in conjunction with President Obama, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Ross Hopper, released a Draft Proposed Program for development of offshore properties in an …

Alaska, Russia Race toward LNG Exports

Alaska, Russia Race toward LNG Exports

Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 …

September 10, 2014 - 4:16 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services
Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

Next Tuesday: Alaska’s Voters Decide How Much Tax O&G Companies Must Pay the State

If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development

On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in …

August 14, 2014 - 6:08 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services
Russia’s Sanctions: Who will Blink First?

Russia’s Sanctions: Who will Blink First?

Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by …

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

Pioneer Natural Resources Sells Alaska Subsidiary for $550 Million, Shifts Focus to Core Wolfcamp Assets

Pioneer Natural Resources Company (ticker: PXD) is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field …

October 25, 2013 - 4:44 pm Arctic, Mergers & Acquisitions, Oil and Gas 360 Articles, OPEC

Miller Energy Increases Loan Facility with Apollo Investment; Announces Alaskan Drilling Operations are “On Schedule”

Miller Energy Resources, Inc. (ticker MILL) is an oil and natural gas exploration, production and drilling company operating in the Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin including the Mississippian Lime and Chattanooga Shale. Miller is …

August 6, 2013 - 3:01 pm Arctic, Oil and Gas 360 Articles