Biden to cancel Arctic oil drilling rights sold by Trump
Alaska’s congressional delegation cast the moves as irresponsible, with Republican Senator Lisa Murkowski saying they represented “incoherent energy policy.”
alaska
White House ‘better not kill’ Alaska oil project, Senators warn
Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an unacceptable blow to residents across the nation’s largest state.
Australia’s Santos in $328m write-downs
Santos (ASX:STO) will take US$328 million ($470.8 million) in write-downs after slashing the volume of oil and gas reserves estimated in fields off Western Australia and other late-life ventures, despite increasing total reserves to a record level.
PNG offers Santos $1.4bn for 5% share of ExxonMobil-led PNG LNG
Santos (ASX:STO) has confirmed that it has received a US$1.4 billion offer from Papua New Guinea’s (PNG’s) national oil company Kumul Petroleum to acquire a 5% interest in the ExxonMobil-operated PNG LNG export complex from the Australian company. Crucially, the deal, if it goes through, will help Santos’ strategic about face towards oil in Alaska.
Pantheon plans out its next steps in Alaska
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
Oil Search names new financial chief
Oil Search has named Peter Fredricson as chief financial officer effective 23 March 2021 as the Australian-listed company pushes growth projects in Papua New Guinea and Alsaka.
Oil Search eyes selldown of promising $3bn Alaska oil project
Oil Search will start a 15% selldown process for its proposed 80,000 barrels of oil per day Pikka low emissions oil project in Alaska by April. Phase 1 of Pikka is expected to cost about $3 billion and produce oil at a break-even cost of supply less than $40 per barrel Brent, inclusive of a 10% return, reckons the Australian-based company.
88E Preparing for Maiden Drilling of 1.6 Billion Barrel North Slope Project
88 Energy Ltd (ASX 88E; LON 88E) this week executed its drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.
US approves oil, gas leasing plan for Alaska wildlife refuge
The Trump administration gave final approval on Monday for a contentious oil and gas leasing plan on the coastal plain of Alaska's Arctic National Wildlife Refuge, where critics worry about the industry's impact on polar bears, caribou and other wildlife.
88 Energy Prepare for a Farm out on Billion Barrel Plus Alaskan Project
Alaska’s North Slope basin has a long history of successful oil discoveries — recent discoveries have included the two largest conventional oil discoveries onshore North America in over 40 years.
BP reconfirms intention to sell Alaskan business to Hilcorp despite market ‘volatility’
Oil giant BP has reconfirmed its intention to sell off its Alaskan business to Houston-headquartered Hilcorp for more than £4.5 billion.
Charlie-1 looms as potential company maker for 88 Energy
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
88 Energy just weeks out from drilling 1.6B barrel Alaskan oil target
Dual listed junior oil explorer 88 Energy Limited (AIM: 88E | ASX: 88E) is just weeks away from spudding its Charlie-1 appraisal well at Project Icewine on the North Slope of Alaska.
Hilcorp partners with Doyon for Alaska growth
The rapid growth of Houston's Hilcorp in Alaska is continuing via a new partnership with a regional Alaska Native company to explore and drill on its land.
Oil Search cuts spending on LNG FEED delays
Oil Search’s LNG project in Papua New Guinea continued strongly in the third quarter but progress on a new three-train liquefaction plan is moving more slowly than had been expected.
Majors on the wrong track for emission action
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
Trump approves plan to drill oil from manmade Arctic island
The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude -- marking the first approval of an oil production facility in federal Arctic waters.
A week later, analysts still mulling BP’s shale transaction
Almost a week after revealing plans to buy £8 billion worth of US shale assets, BP has yet to convince analysts that the deal with BHP Billiton represents value for money.
Oil drilling in Alaska refuge hits snag over Budget protocol
A bid to open the Arctic National Wildlife Refuge to oil drilling faces a hold up over an arcane budget rule, a development that may mean it can’t be included in the tax overhaul legislation.
Alaska strikes oil deal with Petro Star worth $27million
Governor Bill Walker signed into law Senate Bill 30, which is expected to generate between $22 million and $27 million in revenue to the state.
88 Energy shuts in Icewine well
London-listed 88 Energy said today that it had shut in the second well on its Alaskan Icewine project to allow pressure to build.
Eni’s plans to drill in Alaska approved
Federal regulators have conditionally approved exploratory drilling in Alaska’s Beaufort Sea by a subsidiary of an Italian multinational oil and gas company.
88 Energy successfully ‘stimulates’ Icewine
London-listed 88 Energy said today that it completed the first phase of its "stimulation" operations on its Alaskan project on the weekend.
State leadership in crisis-mode as Alaskan government shutdown looms
Governor Bill Walker has ordered his state departments to "prepare for the crisis that an unprecedented government shutdown would impose upon Alaska".
Alaska Governor proposes end to oil and gas subsidies in bid to avoid gov shutdown
Alaska Governor Bill Walker proposed an end to oil and gas subsidies in a bid stop a government stalemate and swerve an impending shutdown.