Petroleum

Shell president optimistic about drilling in Arctic

ANCHORAGE — The president of Shell Oil Co. said Tuesday that exploratory drilling off Alaska’s northwest coast is going well despite stormy weather last week… Continue reading

 

Shell drills in Chukchi Sea

Shell is drilling in the Chukchi Sea. The semi-submersible Polar Pioneer “spudded” the Burger J well at 5 p.m. July 29, company spokeswoman Meg Baldino… Continue reading

 

Production off; price better than forecast

Alaska oil and gas production averaged 502,000 barrels per day in Fiscal Year 2015, the state’s budget year that ended June 30, according to preliminary… Continue reading

 

Hull damage forces Shell support ship back to dock

An icebreaker carrying a key piece of equipment for Arctic drilling planned by Royal Dutch Shell off the northern coast of Alaska was forced to… Continue reading

Construction gets under way on Cosmopolitan development

Construction started this month with dirt work at the Cosmopolitan oil development project near Mile 151 Sterling Highway north of Anchor Point. At meetings in… Continue reading

AIDEA approves $30 million deal for Cosmo development

The Alaska Industrial Development and Export Authority has given approval for a $30-million financing package that will allow BlueCrest Energy to begin drilling and development… Continue reading

Halliburton to cut 9,000 jobs in wake of oil’s drop

HOUSTON (AP) — Halliburton Co. has cut 9,000 jobs — more than 10 percent of its workforce — in about six months and is considering… Continue reading

Greenpeace group boards Arctic offshore drill rig

ANCHORAGE — Six Greenpeace activists protesting Arctic offshore drilling on Monday boarded a drill rig as it was transported across the Pacific Ocean toward Seattle,… Continue reading

Enstar proceeds with pipeline

KENAI — A directional drill rig is tunneling into the ground along Bridge Access road where it will run underneath the Kenai River and connect… Continue reading

Endeavour leaving Cook Inlet

In a delicate operation about as slow as watching the tide come in, on Monday the 765-foot heavy lift vessel Zhen Hua 15 loaded the… Continue reading

Balash heads to Japan, Korea with BP to market LNG

Marketing efforts for the Alaska LNG Project have formally started, passing another major milestone.State Natural Resources Commissioner Joe Balash accompanied BP officials to Asia on… Continue reading

Closure of Flint Hills refinery means higher-priced asphalt

As paving season peaks, getting asphalt to construction sites across Alaska has become more complicated and expensive since Flint Hills Resources closed its North Pole… Continue reading

Producers erase decline for FY ’14

In a dramatic development, North Slope oil producers have essentially erased a long-term decline trend that has existed for all but one year since 1989… Continue reading

Work to resume at Cosmopolitan prospect

A drill rig likely will be starting work again later this year near Anchor Point.  BlueCrest Energy Inc. plans to begin drilling at the offshore… Continue reading

North Dakota marks oil milestone

WILLISTON, N.D.  — North Dakota has joined the ranks of the few places in the world that produce more than a million barrels of oil… Continue reading

North Slope drilling reaches record level during past winter

A record number of drill rigs were at work on the North Slope this winter. According to weekly working rig data compiled by Baker Hughes… Continue reading

How ’bout them ACES?

It’s just overwhelming — the media coverage of how we should vote this fall on the ballot measure to repeal the “new” oil tax. One… Continue reading

Group wants to export crude oil from Skagway

JUNEAU — Alaskans know Valdez as the state’s oil port of choice, but an independent Yukon oil producer is planning to make Skagway No. 2… Continue reading

ConocoPhillips to resume LNG shipments from Nikiski plant

ConocoPhillips is restarting its liquefied natural gas plant on the Kenai Peninsula and will resume shipments of LNG in May, the company announced Monday. Five… Continue reading

Buccaneer Energy suspends its CEO in shakeup; Cook Inlet strategy may be under review

Buccaneer Energy, an Australia-based independent company exploring for oil and gas in Cook Inlet, has suspended its CEO Curtis Burton and asked that trading of… Continue reading

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