Post Tagged with: "alaska"

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion
BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business

World Powers Increasingly See Icy Arctic as a Hot Property

World Powers Increasingly See Icy Arctic as a Hot Property

From AP News


From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, …

ConocoPhillips Profit Misses on Lower Crude Prices, Higher Spending

ConocoPhillips Profit Misses on Lower Crude Prices, Higher Spending

From Reuters


ConocoPhillips (COP.N) missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global economy.

The OPEC and …

Source: Alaska Gasline Development Corporation

Draft EIS Released for $43 Billion Alaska LNG Project

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alaska Gasline Development Corporation receives FERC input for large proposed gas export project
Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline

The CD5 drill site, part of the Alpine Field, has four completed wells with plans for 11 more by early 2017.

ConocoPhillips Grabs Acreage in Alaska

By Tyler Losier, Energy Reporter, Oil & Gas 360

ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery.

The land in

Alaska in Talks to Purchase ConocoPhillips’ Nikiski Kenai LNG Facility

Marathon Flips LNG Export Model Around

From the Alaska Journal of Commerce

After buying a mothballed liquefied natural gas export plant in Nikiski, Marathon Petroleum is planning to flip it around to become an import terminal.

Marathon Petroleum, the newly-merged oil and gas giant formerly known …

May 23, 2019 - 7:53 am Closing Bell Story‎, Energy News, LNG
A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom

Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.

In the executive summary of

May 16, 2019 - 1:09 pm Closing Bell Story‎, Economy, Jobs
Alaska Can Bring High Hopes, Big Discoveries, Dry Holes

Alaska Can Bring High Hopes, Big Discoveries, Dry Holes

from Hellenic Shipping News/Platts

As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around.

Much hope has been pinned on the development of the …

Alaska, California Rig Counts Surge

Alaska, California Rig Counts Surge

Overall Rig Count Up Four
By Richard Rostad, analyst, Oil & Gas 360

Drilling activity expanded in the U.S. this week, partially making up for the decline seen last week, according to Baker Hughes.

A net four rigs began drilling

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

From Hellenic Shipping News

Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states.

Chief among …

ANWR, Unfinished Energy Biz Top Senate To Do List

ANWR, Unfinished Energy Biz Top Senate To Do List

From EE News

Against the backdrop of a bitter government shutdown, the new bipartisan leaders of the Senate Energy and Natural Resources Committee are forging ahead with setting the panel’s agenda for the 116th Congress, huddling this week to talk …

January 14, 2019 - 5:11 am Closing Bell Story‎, Energy News, Politics & Opinions
Rigs Shifting into Minor Basins, 2 Rigs Start Up in Alaska

Rigs Shifting into Minor Basins, 2 Rigs Start Up in Alaska

Horizontal activity highest since February 2015
Drilling activity rose once again in the U.S. this week, extending the increase seen last week according to Baker Hughes Rig Count.

A net three rigs began drilling in the week, all land-based. These

Alaska Treasury Benefits from Premium Price on Brent

Alaska Treasury Benefits from Premium Price on Brent

From Alaska Journal of Commerce

Just about the most expensive crude in North America comes from Alaska’s North Slope. Not that it’s anything all that special, unlike Copper River salmon which fetches a premium price for its high oil content, …

December 6, 2018 - 2:16 pm Closing Bell Story‎, Energy News
Bill Armstrong’s Risk-Taking Discovery is ‘Game Changer’ for North Slope

Bill Armstrong’s Risk-Taking Discovery is ‘Game Changer’ for North Slope

Taking a chance on overlooked rock formation in Alaska was key

From the Anchorage Daily News

What companies are calling a “renaissance” at Alaska’s North Slope oil fields can be traced back to a 2013 discovery by a small-scale geologist …

November 19, 2018 - 1:55 pm Closing Bell Story‎, Energy News, People, Popular 4
BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

BOEM Conditionally Approves Hilcorp’s Artificial Island Plan for Alaska Waters

Similar to four others offshore Alaska
Ryan Zinkie, U.S. Secretary of the Interior, provided more details today regarding a proposed oil and gas development facility in offshore Alaska, the first facility of its type in waters off Alaska if approved.

October 25, 2018 - 12:53 pm Closing Bell Story‎, Offshore
ConocoPhillips Finds Up to a Billion Gross Barrels in Recent Alaskan Exploration

ConocoPhillips Finds Up to a Billion Gross Barrels in Recent Alaskan Exploration

COP holds 100% working interest

After adding more to its Alaskan portfolio, ConocoPhillips (NYSE:COP) has stated that its total of gross discovered resource has been estimated at 0.5-1.1 BBOE, with 100% working interest and 75% of the play yet to …

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 …

Trans-Alaska oil pipeline

A Minimum of 5.7 Billion Barrels Await Drillers at ANWR

The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% …

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.

First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …

Cove Point Fall Colors, Nov. 2017

Cove Point Makes It Official: We’re Number 2

Cove Point ships out its first LNG cargo, making Dominion officially the second U.S. LNG exporter leading the new wave of U.S. natural gas global takeaway opportunities – 2 years after Cheniere started the charge

On March 1, 2018, Dominion …

March 5, 2018 - 3:39 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Alaska Regional Map

Regulators Reduce Offshore Drilling, Onshore Fracing Rules

Offshore rule amendments would save $228 million – BSEE

The Trump administration is fulfilling its promise to reduce oil and gas regulation, rolling back offshore and onshore rules.

The Bureau of Safety and Environmental Enforcement is considering revising the Production

Eni Begins Drilling in Alaska’s Beaufort Sea: BSEE

Eni Begins Drilling in Alaska’s Beaufort Sea: BSEE

From Reuters

Italian oil producer Eni this week began drilling a new well in U.S. waters off the north coast of Alaska, becoming the first company to do so since 2015, federal regulators said on Wednesday.

The oil and gas …

December 28, 2017 - 3:18 pm Closing Bell Story‎, Energy News
USGS 1002 Area Map

Drilling ANWR’s 1002 Area Edges Closer to a Vote

A quick background

In 1960, the Secretary of the Interior signed an order protecting the northernmost parts of Alaska at the federal level. The order protected 8.9 million acres and named it the Arctic National Wildlife Range. In 1980, President …

November 15, 2017 - 5:47 pm Closing Bell Story‎, Oil and Gas 360 Articles
Alaska’s Oil Production Decline Flattens, State Hopes for a Continued Upswing

Alaska’s Oil Production Decline Flattens, State Hopes for a Continued Upswing

Oil production rose in 2016, 2017, expected to rise in 2018

Most attention in the U.S. oil and gas industry has focused on unconventionals with the Permian basin being the hottest of the hot shale plays based on operator activity, …

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Gulf of Mexico LNG Shippers Have a $45,000-a-Day Problem

Dealing with costly delays in getting tankers through the Panama Canal may slow down U.S. LNG shipments, according to Octavio Simoes, president of LNG export terminal developer Sempra LNG & Midstream. Bloomberg reported that Simoes calculated that every day a …

October 3, 2017 - 6:50 pm Arctic, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Source: BLM

Zinke Signs Order to Jump-Start Alaskan Energy Production in the NPR

Order also calls for updating ANWR resource assessments

U.S. Secretary of the Interior Ryan Zinke signed a secretarial order to jump-start Alaskan energy production in the National Petroleum Reserve – Alaska (NPR-A) and update resource assessments for areas of the …

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 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 …

ConocoPhillips May Sell Kenai LNG plant

From  Alaska Dispatch News

ConocoPhillips said Thursday it’s in the “initial stages” of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets.

The company, …

November 18, 2016 - 9:22 am Closing Bell Story‎, Energy News, LNG