Archive of: Featured Articles, Oil & Gas, Oil & Gas Articles



July Issue 5 2012

Endeavour jack-up rig leaves Singapore for Cook Inlet

Buccaneer Energy Ltd. said its “Endeavour” jack-up rig will depart Singapore for Cook Inlet at the end of July and will arrive in time to begin drilling at the first of two locations for exploration wells planned by the company.

July Issue 5 2012

ConocoPhillips reports dip in Alaska earnings

ConocoPhillips reported July 25 that its earnings in Alaska dipped in the second quarter because of lower production volumes and slightly lower crude oil prices.

July Issue 4 2012

ConocoPhillips reports $551M in Alaska earnings

ConocoPhillips Alaska on Wednesday reported earning $551 million in the state during the second quarter. That's down $69 million from the first quarter, and was attributed to lower oil prices and sales volumes.

July Issue 4 2012

Shell sees US energy independence; profits drop

The chief executive of Royal Dutch Shell PLC on Thursday said that whichever political party wins the U.S. presidential election in November should formulate an energy policy with a view to achieving "near energy independence" within 20 years.

July Issue 4 2012

Oil falls on renewed concerns about Europe

Alaska North Slope crude is trading at $104.86, down $2.48 from its closing price on Friday.

July Issue 4 2012

Group will speak in support of Senate coalition

A nonpartisan group, formed in 1999 to fight a huge oil merger in Alaska, is speaking in support of the Senate's bipartisan coalition.

Salazar may squeeze Shell schedule for Arctic season July Issue 4 2012

Salazar may squeeze Shell schedule for Arctic season

Shell’s schedule for drilling may be squeezed tighter. U.S. Department of the Interior Secretary Ken Salazar told reporters in Washington, D.C., July 18 that he could wait until as late as Aug. 15 to make a final decision on drilling permits for Shell.

July Issue 4 2012

Murkowski: BLM work on old wells an ‘embarrassment’

Sen. Lisa Murkowski called the U.S. Bureau of Land Management’s approach to addressing abandoned wells in the Alaska Arctic an “embarrassment” to the federal government.

July Issue 4 2012

Suit over Arctic spill plan will test agency standards

Environmental groups filed a lawsuit July 10 in an Alaska federal court against the U.S. Bureau of Safely and Environmental Enforcement over the agency’s standard of review in approving Shell’s oil spill cleanup plans for exploration drilling planned this summer in the Chukchi and Beaufort seas.

July Issue 3 2012

Oil price climbs above $90 on stronger US demand

Alaska North Slope crude was trading for $105.58 on Wednesday, up 61 cents from its close at $104.97 on July 17.