Alaska's source for oil and gas news
Live Last read · last published · next check
Alaska North Slope crude crossed the $90 mark Monday Aug. 17, bolting $2.58 higher to close at $90.54 per barrel after Iran and the United States nixed extending a 60-day memorandum of understanding signed in June to end their conflict. West Texas Intermediate leapt $2.10 on the day to close at $84.50, and Brent leapt $2.35 to close at $90.87. President Donald Trump told reporters in an Aug. 17...
On Aug. 14, John Martinek of BlueCrest Alaska Operating LLC was sent a Notice of Required Immediate Action regarding the Cosmopolitan Unit's Hansen field in Cook Inlet by Alaska Department of Natural Re-sources Commissioner John Crowther. DNR issued a Notice of Default and Cure Demand for the Cosmopolitan Unit on May 23, 2025. The notice gave BlueCrest an opportunity to cure the default...
The longest-serving operator in Alaska, ConocoPhillips Alaska Inc., or CPAI, is finding new sources of oil in several ways: via a steady regimen of workovers to ensure wells continue to flow, through new horizons at legacy fields and by steady westward expansion dating back some 50 years and including greenfield projects such as Willow. CPAI is building on a history of unlocking additional...
Ryan M. Lance, chairman, chief executive officer and president of ConocoPhillips, is kicking off the 10th Annual AOGA Conference in Anchorage, which begins on Aug. 26 and ends on Aug. 27. At 10:45 a.m. on the 26th Lance will talk about Alaska's place in a global oil market. Lance, 64, who is retiring in September, is a petroleum engineer. He has spent more than four decades at...
Three court cases challenging the legality of oil and gas leasing in and near the Teshekpuk Lake Special Area in the National Petroleum Reserve-Alaska continue in federal District Court in Alaska, with no end in sight. Meanwhile lease related activities are not possible in the land tracts under dispute. Three companies were awarded leases in the disputed area in the March NPR-A oil and gas…
Late in the day on Aug. 18 (Alaska-time) ASX-listed Santos released its half year results for 2026, reflecting a period of transition for the company as the Alaska North Slope Pikka phase 1 project commenced production, and Barossa continued to progress through commissioning and ramp-up, underpinned by the base business which company says performed strongly. "The first half marked an...
The Alaska District of the U.S. Army Corps of Engineers has reissued a regional general permit authorizing discharge of fill material into waters of the U.S., WOTUS, including wetlands, for new construction or expansion of existing pads and accompanying infrastructure, linear projects and coastal erosion on the North Slope. In an Aug. 17 special public notice the Corps said three changes…
Baker Hughes’ U.S. rotary drilling rig count was 593 on Aug. 14, up by five from the previous week and up by 54 from 539 a year ago. The count has increased in nine of the last 12 weeks. This count in the 590s is the first time the count has been that high since February. For 2025, the count peaked in February and again in March at 593, hitting its low point in August at 526. For 2024, the count…
Alaska’s Division of Oil and Gas has issued a permit to Polar LNG for geophysical and geotechnical surveying along the Chukchi Sea coast north of Wainwright. The company has not stated a purpose for the surveying beyond an intent to obtain “data regarding subsurface soil, rock and permafrost conditions in the offshore areas, including material classification, ice content, soil salinity and…
The Alaska Department of Natural Resources’ Division of Oil and Gas has approved unit plan of operations amendments requested by ConocoPhillips Alaska for updates to portable tank inventory at the Colville River unit. In Aug. 13 decisions the division approved two requests, both dated July 20. The first is for Colville Delta 5, CD5, and the Kuukpik Pad, both some 8 miles northwest of Nuiqsut.…
