Petroleum

The Endeavour-Spirit of Independence jack-up rig drills at the Cosmopolitan site in August of 2013.-Homer News file photo

Energy players in Cook Inlet expect progress to continue

Oil and gas companies have been making waves with developments in Cook Inlet and the Kenai Peninsula during the past year and companies are looking… Continue reading

The Endeavour-Spirit of Independence jack-up rig drills at the Cosmopolitan site in August of 2013.-Homer News file photo

Buccaneer to abandon its West Eagle project

After drilling 3,700 feet and not hitting hydrocarbons, Buccaneer Energy Alaska will abandon its West Eagle No. 1 well about 20 miles east of Homer,… Continue reading

Cleanup continues at fatal crash site

Cleanup of drilling cuttings, hydraulic fluids and other potentially hazardous waste continues at the site of a truck crash last week near Mile 9.5 East… Continue reading

Council: Homer harbor open for business

The Homer City Council earlier this month unanimously passed a resolution expressing and formalizing the city’s position and policy that “oil and gas drilling rigs… Continue reading

State: Don’t blame revenue drop on SB 21

The oil tax law touted as guaranteeing Alaska a bigger slice of the profits pie when oil prices rise may well have boomeranged. A “progressivity”… Continue reading

Kenai OKs drill waste facility

After a brief presentation by Buccaneer Alaska Operations LLC representatives, Kenai Planning and Zoning Commission members unanimously approved a conditional use permit for the company’s… Continue reading

Buccaneer quits test well, state could cancel leases

Buccaneer Energy Ltd. is having its share of problems with its Cook Inlet offshore exploration. The company has pulled its Endeavour jack-up rig off a… Continue reading

Buccaneer temporarily moves jack-up rig to Port Graham

Although Homer city officials said they hoped the jack-up rig Endeavour-Spirit of Independence would moor at the Deep Water Dock this winter, the rig has… Continue reading

Buccaneer begins move to West Eagle

Late last week, Buccaneer Energy announced that “all outstanding approvals and permits have been granted” for the company’s drilling operations on its West Eagle Unit… Continue reading

Reports are positive for Buccaneer Energy’s Cosmopolitan No. 1 site near Stariski. -Photo by McKibben Jackinsky, Homer News

Buccaneer pleased with results at Cosmo

Buccaneer Energy CEO Curtis Burton says he is very pleased with results so far on the company’s Cosmo No. 1 exploration well in Cook Inlet,… Continue reading

Reports are positive for Buccaneer Energy’s Cosmopolitan No. 1 site near Stariski. -Photo by McKibben Jackinsky, Homer News

Hilcorp signs contracts to supply natural gas to utilities

New gas contracts are being signed with Southcentral electric utilities, alleviating concerns that there could be near-term gas shortages. Hilcorp Energy has concluded new gas… Continue reading

TOTE’s conversion to LNG on track

Almost a year after announcing it would convert two of its vessels to liquefied natural gas, officials with Totem Ocean Trailer Express Inc., or TOTE,… Continue reading

Buccaneer prefers subsea system to develop its Cosmopolitan site

Independent oil and gas explorer Buccaneer Energy says it would prefer a subsea production system for the development of Cosmopolitan, an oil and gas deposit… Continue reading

Firms drill ahead on inlet projects

Two closely watched Cook Inlet exploration wells being drilled with jack-up rigs are reported to have reached or are approaching their target depths. Furie Operating… Continue reading

Apache’s seismic work still stalled by permit delays

After launching one of the largest and fastest 3D seismic data gathering campaigns in Cook Inlet’s history, Apache Oil Corp.’s work in the area has… Continue reading

The Endeavour-Spirit of Independence jack up rig, seen here in early April at the Cosmopolitan site near Anchor Point, has spudded its first well nine months after it arrived in Cook Inlet from Singapore in mid-August 2012. Buccaneer said it would drill to a depth of 8,000 feet to test for oil and gas on the site. Drilling is expected to take 45 days.-Photo by Brian Smith/Peninsula Clarion

Buccaneer spuds first well at Cosmo site

Buccaneer Energy has spudded its first well with the Endeavour-Spirit of Independence jack-up rig nine months after it arrived in Alaska waters from Singapore. Buccaneer,… Continue reading

The Endeavour-Spirit of Independence jack up rig, seen here in early April at the Cosmopolitan site near Anchor Point, has spudded its first well nine months after it arrived in Cook Inlet from Singapore in mid-August 2012. Buccaneer said it would drill to a depth of 8,000 feet to test for oil and gas on the site. Drilling is expected to take 45 days.-Photo by Brian Smith/Peninsula Clarion

Lower revenues, oil production forecast

JUNEAU — The state Department of Revenue issued its spring oil revenue and production forecast Friday and is projecting lower North Slope oil petroleum revenues… Continue reading

The Endeavour rests Monday off Stariski-Photo by Brian Smith, Morris News Service - Alaska

Jack-up rig now at lease site

With little fanfare but much anticipation, a small group of residents watched early last Friday morning as the Endeavour-Spirit Independence jack-up rig left the Homer… Continue reading

The Endeavour rests Monday off Stariski-Photo by Brian Smith, Morris News Service - Alaska

Endeavour gets shipping certificate; spill plan delayed

The jack-up rig Endeavour-Spirit of Independence received one of its certifications that will allow it to move soon to the Cosmopolitan oil and gas lease… Continue reading

Shell to move its Arctic drill rigs to Asia for repairs

Shell broke its weeks-long silence on the status of its two Arctic drill rigs Feb. 11. The Kulluk and Noble Discoverer, two drill vessels used… Continue reading

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