Archive » Oil & Gas

Alaskan oil en route to South Korea

Alaskan oil en route to South Korea

New Chukchi analysis still on track

New Chukchi analysis still on track

The U.S. Bureau of Ocean Energy Management is moving step-by-step through a revised environmental analysis of Chukchi Sea offshore oil and gas development and expects to remain in schedule for a draft supplemental environmental impact statement, or SEIS, to be complete by late October.

Miller bids for Buccaneer as CIRI gas dispute continues

There is a new suitor for Buccaneer Energy’s Alaska assets and a tangled web of legal challenges continue for the bankrupt independent producer. Miller Energy Resources Inc. announced its intent to spend $40 million to $50 million on “substantially all” of Buccaneer’s Alaska holdings in a Sept. 15 release. The Knoxville, Tenn.-based independent entered a non-binding letter of intent with Buccaneer, according to the release.
Canada, UK show promise for unmanned aircraft systems

Canada, UK show promise for unmanned aircraft systems

Commercial unmanned aircraft use in other countries is demonstrating how they could be used in Alaska once proper regulations are in place. Curt Smith, a technology director for BP, said the company, which commissioned the first commercial overland, unmanned aircraft flight in the country on the North Slope in June, implements technology not because it’s cool, but because it makes sense and improves efficiency.
GUEST COMMENTARY: Point Thomson lawsuit intended to protect Alaska interests

GUEST COMMENTARY: Point Thomson lawsuit intended to protect Alaska interests

Archive » Mining

Archive » Alaska Oil & Gas Reporter

Balash heads to Japan 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 the first formal sales trip for the giant project. “These were BP’s meetings. They set them up and handled the invitations, and we were invited to come along,” Balash said.

FERC filing another important step for Alaska LNG Project

Step by step, the Alaska LNG Project is moving forward. The project made a big advance Sept. 5 with its application to the Federal Energy Regulatory Commission to begin a pre-filing process for the project.

State seeks federal judgment in push for ANWR exploration

The State of Alaska has asked a U.S. Alaska District Court to issue a summary judgment in its lawsuit against the U.S. Department of the Interior over the federal agency’s rejection of a state plan to explore a part of the Arctic National Wildlife Refuge. The action was filed Sept. 8 in Anchorage. Judge Sharon Gleason will decide the issue.

RCA: state needs major power transmission improvements

Alaska has an adequate power supply but an insufficient transmission system, which together could be strained by new Environmental Protection Agency requirements, according to Regulatory Commission of Alaska members.

Unsustainable operating budget threatens state savings

These are uncertain times for Alaska. Public spending is a big part of our economy and the state government is running billion-dollar-plus deficits. If things continue as they are, we could be out of cash in six or seven years.
Oil Prices and Production
Oil and Gas Prices for 1/12/2012 ($/barrel)

  ANS West Coast $111.65 ($1.77)
  West Texas Intermediate $99.10 ($1.77)
  Henry Hub (mmBTU) $2.67 ($0.14)
    (BBLs)  
  ANS Production 622,966 1/11/2012
source: Alaska Dept of Revenue