Alaska

Proved U.S. Oil, Gas Reserves Halt Two-Year Uptrend, Says EIA

Proved U.S. Oil, Gas Reserves Halt Two-Year Uptrend, Says EIA

A two-year trend of rising proved reserves of oil and natural gas in the United States hit a snag in 2019 as prices declined, according to the Energy Information Administration (EIA). Proved reserves of oil increased 367 million bbl in 2019, while proved reserves of lease condensate produced from gas wells dropped 313 million bbl,…

January 12, 2021
FERC Clears Kenai LNG Terminal in Alaska for Imports

FERC Clears Kenai LNG Terminal in Alaska for Imports

FERC has approved a Marathon Petroleum Corp. subsidiary’s request to convert the Kenai liquefied natural gas (LNG) export terminal in Alaska to import operations.  Trans-Foreland Pipeline Co. LLC filed an application to import natural gas earlier this year at the terminal in Nikiski on the Kenai Peninsula. The facility began operating in 1969 and for…

December 28, 2020
Alaska Oil, Natural Gas Auction Set for Early January — Before Biden Takes Office

Alaska Oil, Natural Gas Auction Set for Early January — Before Biden Takes Office

The Trump administration plans to hold an oil and gas auction for the pristine Arctic National Wildlife Refuge (ANWR) in early January, setting up a showdown with opponents less than three weeks before President-elect Biden takes over. The Department of Interior’s Bureau of Land Management (BLM) set the video livestream lease sale for Jan. 6.…

December 7, 2020
Trump Administration Moves to Auction Alaska ANWR for Oil, Natural Gas Development

Trump Administration Moves to Auction Alaska ANWR for Oil, Natural Gas Development

The Trump administration on Monday began a formal push that possibly could allow oil and natural gas leases to be auctioned in Alaska’s pristine Arctic National Wildlife Refuge (ANWR) before Joseph R. Biden Jr. is sworn into office in January. According to a preliminary notice in the Federal Register to be published on Tuesday, the…

November 16, 2020
Alaska LNG Finishes Federal Regulatory Process with NOAA Approval

Alaska LNG Finishes Federal Regulatory Process with NOAA Approval

The Alaska liquefied natural gas (LNG) project cleared its final federal regulatory hurdle this week after the National Oceanic and Atmospheric Administration (NOAA) authorized the incidental take of marine mammals.  The authorization was issued Wednesday permitting the harm or killing of porpoises, sea lions, seals and whales during a five-year period from 2021-2025 during specified…

September 17, 2020
Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

The oil and gas industry is bracing for a possible November victory by Joseph R. Biden Jr., who is leading in the polls and who officially accepted the Democratic nomination Thursday from Wilmington, DE. Although energy policy has taken a backseat to the Covid-19 pandemic and economic hardship facing Americans, climate change has nonetheless garnered…

August 21, 2020
Trump Administration Readies Alaska’s ANWR for Oil, Gas Drilling

Trump Administration Readies Alaska’s ANWR for Oil, Gas Drilling

The U.S. Department of the Interior on Monday signed off on a plan that would allow oil and gas leasing in a swath of the Arctic National Wildlife Refuge (ANWR) in Alaska, a move that invited praise from proponents but swift vows of legal action from environmentalists. Interior Secretary David Bernhardt said officials were acting…

August 17, 2020
Hilcorp Taking Over BP’s Legacy Alaska Upstream Portfolio

Hilcorp Taking Over BP’s Legacy Alaska Upstream Portfolio

Houston’s Hilcorp Energy Co. has completed a takeover of BP plc’s upstream portfolio in Alaska and is nearing a handoff of the midstream unit, allowing the private explorer to become one of the state’s biggest operators. The $5.6 billion deal struck last year with BP hands affiliate Hilcorp Alaska immediate control of BP Exploration (Alaska)…

July 2, 2020
ConocoPhillips to Restore Some Alaska, Lower 48 Oil Output in July

ConocoPhillips to Restore Some Alaska, Lower 48 Oil Output in July

Houston-based ConocoPhillips said Tuesday it expects to begin restoring some curtailed Alaska and Lower 48 oil output in July after shuttering an average 225,000 boe/d net across its global operations in 2Q2020. In a second quarter update ahead of issuing results late in July, the super independent said oil output despite the shut-ins was in…

June 30, 2020
FERC Greenlighting Alaska LNG Export Project Called ‘Capstone Moment’

FERC Greenlighting Alaska LNG Export Project Called ‘Capstone Moment’

FERC has authorized Alaska Gasline Development Corp.’s (AGDC) plans to liquefy and export natural gas produced on Alaska’s North Slope from a plant at Nikiski.

May 21, 2020
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