Alaska News

 

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Oct 22, 2021

The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply with a court order to resume oil and gas lease sales that President Joe Biden paused shortly after taking office in January.The Department of Interior's Bureau…

Court Orders Alaska Regulator to Probe Hilcorp Pipeline Leak

Sep 08, 2021

Alaska regulators must probe a Hilcorp Energy Company pipeline that has repeatedly leaked natural gas into Cook Inlet, the state Supreme Court ruled on Friday.The court said the Alaska Oil and Gas Conservation Commission improperly rejected…

Oil Search Says Merger with Santos Crucial to Growth Plans

Aug 24, 2021

Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…

Australia: Santos Says Oil Search Buy Would Help Speed Up Pivot to Clean Fuels

Aug 17, 2021

Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

U.S. Appeals Court Affirms Atlantic, Arctic Offshore Leasing Bans

Apr 14, 2021

A federal appeals court on Tuesday confirmed bans on offshore oil leasing in most federal Arctic waters and in the Atlantic after the Trump Administration tried to open them up to development.The 9th Circuit Court of Appeals said President Joe…

Gas Leak Prompts Shutdown of Two Alaska Platforms

Apr 06, 2021

Hilcorp Energy Co. has shut down two oil platforms in Alaska’s Cook Inlet in response to a natural gas leak discovered last week.The affected platforms account for roughly an eighth of the total Cook Inlet basin oil production of a little more than 11…

Republicans Seek to Block Biden's Oil Leasing Halt

Jan 29, 2021

Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration's order pausing new oil and gas leasing on federal lands.The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators…

Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry

Jan 20, 2021

U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming…

GWS to Install Turbines at Fryslân - World's Largest Lake Wind Farm

Dec 28, 2020

Wind turbine maker Siemens Gamesa Renewable Energy has awarded Global Wind Service (GWS) with pre-assembly, transport, and offshore installation contract for all 89 turbines comprising Wind Farm Fryslân in the Netherlands. The scope of work includes transport and storage of components…

Ocean Power Technologies Adds Three Directors to Its Board

Dec 24, 2020

Ocean energy technology developer Ocean Power Technologies's stockholders have appointed Clyde W. Hewlett, Diana G. Purcel, and Peter E. Slaiby to its Board of Directors.Terence J. Cryan, Chairman of the Board of OPT, a company that builds buoys that harvest and store wave energy…

Rosneft Finds 'Unique' Gas Field in the Arctic

Dec 16, 2020

Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…

US Moves to Loosen Safety Rules for Arctic Offshore Drilling

Nov 19, 2020

The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office…

Premier Oil, BP North Sea Deal Falls Through

Oct 06, 2020

Premier Oil abandoned its plans to buy North Sea fields from BP for $210 million after Premier was taken over by rival Chrysaor, marking a small dent in BP's $25 billion disposals target.'Premier will not be proceeding with the proposed refinancing…

Oil Search to Write Off Some PNG Exploration Assets

Jul 13, 2020

Oil Search Ltd said on Monday it plans to write off around $380 million, mostly on some exploration assets and a gas-to-power project in Papua New Guinea, due to the outlook for oil and gas prices and the shut down of a gold mine.The Papua New…

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