State issues conditional POD for BlueCrest's Cosmopolitan unit
State issues conditional POD for BlueCrest's Cosmopolitan unit Kristen Nelson. Petroleum News. The Alaska Department of Natural Resources' Division of Oil and Gas has issued a conditional approval of BlueCrest's 2025 plan of development for its Cosmopolitan unit, with a timeline of one quarter (Jan. 1, 2025, through March 31, 2025) rather than the normal 12 months, requiring a …
Global oil inventories expected to drop - December 15, 2024
The Brent crude oil spot price is expected to remain close to its current $74 per barrel in early 2025 but drop to $72 per barrel in the fourth quarter on inventory builds, averaging $74 per barrel for the year, the U.S. Energy Information Administration said …
Petroleum News Alaska North Slope oil gas Cook Inlet
No substantial new info for 2 2025 sales - 01/19/2025 (Login to read Full story) The Alaska Department of Natural Resources' Division of Oil and Gas said Jan. 10 that it received no substantial new information in response to a call for new information for the 2025 Cook Inlet and Alaska Peninsula areawide lease sales. Areawide best …
Narwhal unit approved - November 10, 2024 - Petroleum News
Narwhal unit approved Commits to drilling 2 exploration wells in 2026 to evaluate Nanushuk Kay Cashman. Petroleum News. On Nov. 1 the Alaska Department of Natural Resources' Division of Oil and Gas approved the formation of the Narwhal unit by joint venture partners Narwhal LLC and EE Partners Corp., which each hold a block of leases in the unit.
Hilcorp asks data center gas metering - Petroleum News
Hilcorp Alaska has applied to the Alaska Oil and Gas Conservation Commission for approval to use non-custody transfer meters at the Duck Island unit for measurement of natural gas used to generate power for a third-party data center. In its application Hilcorp said this is a …
Kuparuk pipeline, pad expansions planned - January 05, 2025
Kuparuk pipeline, pad expansions planned. Kristen Nelson. Petroleum News. ConocoPhillips Alaska has applied for a gravel expansion of its Drillsite 3T pad in the Kuparuk River unit and for new pipelines between the DS 3S and DS 2X pads, both in the area where the company has recently received approval of the Coyote and Torok participating areas.....
War premium fades - October 20, 2024 - Petroleum News
War premium fades ANS slides on lower Israel/Iran escalation risk, weak China demand Steve Sutherlin. Petroleum News. Alaska North Slope crude fell 18 cents Oct. 16 to close at $73.33 per barrel, notching a three-day slide of 6% as worries about oil demand -- particularly in China -- overcame fears of supply interruption being triggered by …
Finnex: SMU online - January 05, 2025 - Petroleum News
Finnex: SMU online Southern Miluveach oil flowing into Alpine Pipeline as of Dec. 31 Kay Cashman. Petroleum News. Oil production from the Southern Miluveach unit on Alaska's North Slope began at 5:30 p.m. on Dec. 29 and was expected to begin flowing into the Alpine Pipeline on New Year's Eve, Dec. 31, Harry Bockmeulen of Mustang Holding LLC, a Finnex Operating company and operator of the ...
Producers 2024: Crunch time for Amaroq at Nicolai Creek
For a run of years now, operator Amaroq Resources Inc. has been public about the need for investment to ensure that the onshore field on the west side of Cook Inlet remains viable. And yet economics have persistently delayed those investments year after year. "Nicolai Creek Unit has tremendous upsid...
Producers 2024: Hilcorp focuses on large Cook Inlet fields
Hilcorp Alaska is the dominant oil and gas producer in Cook Inlet, with the company's focus on natural gas, which provides heat and electrical power for Southcentral Alaska. Hilcorp's Houston-based parent, Hilcorp Energy, is one of the largest U.S. …