Tag: Alaska
Australian oil company buys into Alaska’s Nanushuk play
Nanushuk play on Alaska’s North Slope Oil Search Ltd, the Australian company that operates all the producing oilfields in Papua New Guinea, is spending $400 million on three blocks in the Nanushuk play, located in Alaska’s North Slope. The company is buying the roughly 26 per cent stake in the play from privately owned Armstrong […]
BP Alaska well still leaking gas, company plans to close well when safe
Leaking BP Alaska well located on North Slope UPDATE: BP reports the well that leaked natural gas and crude has been capped by Halliburton’s well control specialists. BP says it is working to secure an natural gas leak that was detected at a company well located on the North Slope late last week. The leak from […]
Massive oil discovery breathes new life into Alaska’s North Slope
New contingent resource estimate of 1.2 billion barrels of oil for acreage on Western North Slope On March 9, Repsol announced the largest conventional onshore US discovery in over 30 years, news that comes on the heels of ConocoPhillips’ Willow discovery earlier this year, according to Wood Mackenzie. In the latest report, Wood Mackenzie analysts discuss […]
Offshore five-year plan removes new American energy opportunities
Independent oil and gas producers condemn taking 80% of federal offshore lands out of drilling plan The Obama Administration’s finalized five-year offshore oil and natural gas leasing program, which sets the lease sale schedule for 2017-2022, is drawing heavy fire from energy industry associations. In Sept., the Independent Petroleum Association of America joined the Alaska […]
Obama administration bars new Alaska offshore oil, gas exploration
Alaska offshore oil, gas exploration possible danger to whales, walruses By Timothy Gardner WASHINGTON, Nov 18 (Reuters) – The Obama administration on Friday blocked new exploration for oil and gas in Arctic waters, in a win for environmental groups that had fought development of the ecologically fragile region. The Department of the Interior released a 2017 […]
2015 US crude oil production highest since 1972, declined since
Crude oil production in Texas grew by 289,000 b/d in 2015, the largest increase of any state US field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million b/d, according to the US Energy Information Administration. This was the highest crude oil production level since 1972, based on final […]
ConocoPhillips, State to form JV for Alaska LNG marketing
Alaska LNG joint venture would also focus on buying North Slope gas Sept 22 (Reuters) – ConocoPhillips’ Alaskan unit and the State of Alaska have entered into a memorandum of understanding to form a joint venture to market Alaska LNG from to global markets. Alaska‘s Gasline Development Corp (AGDC) said on Thursday the joint venture would […]
BP ANS crude loaded on foreign-flagged vessel for export
BP ANS crude vessel may be heading for Asia By Liz Hampton HOUSTON, Aug 11 (Reuters) – British oil company BP Plc has loaded a cargo of Alaskan North Slope (ANS) crude for export, according to two trade sources and Reuters Trade Flows data, the latest indication that exports of Alaskan crude are becoming less […]
China’s Unipec buys ANS crude for July -sources
Arbitrage opens after ANS crude discount widens By Florence Tan SINGAPORE, July 22 (Reuters) – Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including a rare purchase of Alaskan North Slope (ANS) for its refineries in China, trade sources said on Friday. China, along with Japan, have […]
BP charters foreign flagged vessel for ANS crude transport
ANS crude producers eyeing new markets HOUSTON, July 18 (Reuters) – British oil company BP Plc has chartered a foreign-flagged vessel to transport Alaskan crude, the company said on Monday, the latest sign that producers of Alaskan North Slope, or ANS, crude are eyeing new markets. ANS is mostly transported to the U.S. West Coast […]
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