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Below are articles from this week's edition of Petroleum News. Subscribers must log in above to view the complete articles. Subscribe now for full access.
  • Battling the feds - 07/14/2024 (Login to read Full story) On June 28, the U.S. Supreme Court issued its Loper Bright Enterprises decision, overruling the doctrine of Chevron deference and holding that courts "must exercise their independent judgment in deciding whether an agency has acted within its statutory authority." A 40-year precedent, the Chevron de....

  • Transmission upgrades - 07/14/2024 (Login to read Full story) The Alaska Energy Authority has sufficient funding to start work on developing a new electricity transmission intertie between the Kenai Peninsula and the power transmission system at Beluga on the west side of Cook Inlet, Curtis Thayer, AEA executive director, has told Petroleum News. This intertie....

  • Beryl blows minimal - 07/14/2024 (Login to read Full story) After a perfect storm of bullish factors drove Alaska North Crude to a high of $88.49 July 5, a hurricane risk premium dissipated when Hurricane Beryl failed to materially disrupt oil production in the Gulf of Mexico -- even as the storm hammered Houston and environs with floods, property damage and....

  • Chugach Electric reports cost benefits from Beluga ownership - 07/14/2024 (Full story) Anchorage based electric utility Chugach Electric Association has reported that its part ownership of the Beluga River gas field on the west side of Cook Inlet has brought substantial benefits for the utility's members. The field ownership has saved members more than $100 million over the past 8 yea....

  • Great Bear files Megrez 1 plan targeting Sept. 1 project start - 07/14/2024 (Login to read Full story) Great Bear Petroleum has filed a unit plan of operations to build the Megrez gravel pad and drill the Megrez 1 exploration well 700 feet west of the Dalton Highway in the Talitha unit, 25 miles south of Deadhorse. The plan, filed with the Alaska Department of Natural Resources' Division of Oil and....

  • Mustang applies to US Corps of Engineers to expand pad at field - 07/14/2024 (Full story) Mustang Holding, a Finnex Operating company, has applied to the U.S. Army Corps of Engineers to expand the pad at the Mustang field in the Southern Miluveach unit. The corps is accepting comments through Aug. 8. Since Finnex acquired Mustang from the Alaska Industrial Development and Export Authori....

  • Baker Hughes US rig count up 5 to 585 - 07/14/2024 (Login to read Full story) The Baker Hughes' U.S. rotary drilling rig count was 585 the week ending July 5, up by four rigs from 581 the previous week, and down by 95 from 680 a year ago, after dropping by seven the week ending June 28. Over the last eight weeks the rig count was unchanged one week, down in five and up in two....

  • More drilling in Greater Pt McIntyre plan - 07/14/2024 (Login to read Full story) Prudhoe Bay unit operator Hilcorp North Slope said in its 2024 Greater Point McIntyre plan of development that it "anticipated drilling approximately two rotary wells" at the Raven participating area with additional "potential drilling candidates" including four coiled tubing sidetracks at the Point....

  • EIA: Brent to average $86/bbl this year - 07/14/2024 (Login to read Full story) The U.S. Energy Information Administration is forecasting an average Brent crude oil spot price of $86 per barrel this year, up from an average of $82 per barrel in 2023, with an expected average of $88 per barrel in 2025. In its July Short-Term Energy Outlook, issued July 9, EIA said Brent averaged....

  • Eni files 18th Oooguruk plan of development - 07/14/2024 (Login to read Full story) On July 1, the 18th plan of development for the Oooguruk unit on Alaska's North Slope was submitted to Alaska's Division of Oil and Gas by Eni US Operating Co Inc., as operator, on behalf of its affiliate Eni Petroleum US LLC, the owner of 100% working interest ownership in the unit. Eni is pulling....

  • Eni files its last POD for Nikaitchuq unit - 07/14/2024 (Login to read Full story) The proposed 17th plan of development, or POD, for the Nikaitchuq unit was submitted to Alaska's Division of Oil and Gas on July 2 by Eni US Operating Co. Inc. as operator, on behalf of its affiliate Eni Petroleum US LLC, owner of 100% of the working interest in the North Slope Nikaitchuq unit. The....

  • This month in history: Pioneer looks offshore north of Prudhoe - 07/14/2024 (Login to read Full story) Editor's note: This story first appeared in the July 11, 2004, issue of Petroleum News. Pioneer Natural Resources has four North Slope prospects it has drilled or hopes to drill soon, Ken Sheffield, president of Pioneer's Alaska subsidiary, told the Alaska Support Industry Alliance in late May 2....

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  • Shell surrenders W. Harrison Bay leases 05/15/2024
  • Armstrong exploration drilling campaign extends prolific Brookian topset fairway 65 miles to east 04/23/2024
  • Hilcorp applies to expand Milne Point unit 03/08/2024
  • Jade files request for reconsideration with ADNR commissioner 03/04/20242

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