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



October Issue 4 2012

Permit issued for Point Thomson

Being able to begin work on the project this winter, and not to have construction slip another year, is critical to keeping the project on schedule to begin production in 2016 or 2017.

October Issue 4 2012

ConocoPhillips Alaska reports $535M in 3Q earnings

ConocoPhillips Alaska, one of the North Slope's major producers, reported net earnings of $535 million during the third quarter. That's down from net earnings of $551 million during the second quarter, which the company attributes mainly to lower production during the slower summer maintenance season. But it's up compared to the third quarter of 2011.

October Issue 4 2012

In-state gas line meets milestone with final EIS

The U.S. Army Corps of Engineers is scheduled to publish the final environmental impact statement for a 737-mile, 24-inch in-state gas pipeline from the North Slope to Southcentral Alaska on Oct. 26, according to the Alaska Gasline Development Corp., or AGDC, the state corporation planning the project.

October Issue 4 2012

Point Thomson ROD still pending

ExxonMobil Corp. and its contractors are anxiously waiting for a final permit decision from the U.S. Army Corps of Engineers on the Point Thomson development project, which would be the largest North Slope project in years.

October Issue 4 2012

Shell targets Oct. 31 as last day of Arctic drilling

Shell will conclude its Arctic offshore drilling operations on Oct. 31 and will begin moving vessels out of the Beaufort and Chukchi seas, a company spokesman said Oct. 24.

October Issue 3 2012

Oil falls below $90; pump prices continue to drop

The price of oil is falling Monday, tracking the small declines in U.S. stocks.

October Issue 3 2012

Japan firms open Alaska office to pursue LNG

A consortium of Japanese companies has opened an office in Alaska with hopes of working with the State of Alaska, North Slope producers and TransCanada Corp. on a large Alaska natural gas liquefaction project, and fast-tracking the project to build it by 2017 or 2018.

October Issue 3 2012

Shell finally gets OK for Arctic Challenger spill barge

It’s too late for Shell’s 2012 Arctic exploration program but a specialized spill response barge with oil and gas and water separation capabilities built by the company has been given final U.S. Coast Guard and American Bureau of Shipping certifications, Coast Guard and Shell officials told U.S. Sen. Mark Begich at a U.S. Senate subcommittee hearing in Anchorage Oct. 11.

October Issue 3 2012

Despite exploration surge, Southcentral faces shortage

The natural gas supply situation for Southcentral Alaska, including for Anchorage, isn’t getting any better. Aging gas producing fields continue to decline and not enough new production wells are being drilled to offset that, according to the latest assessment by Petrotechnical Resources of Alaska, a consulting firm.

October Issue 2 2012

Arctic Slope corp. declares dividend of $40

Nearly every shareholder of the Barrow-based Arctic Slope Regional Corp. will be pocketing about $4,000 just before the holidays.