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Gas use grows in Interior; new IGU storage allows more customers - February 13, 2022

With new liquefied natural gas storage facilities now in operation in central Fairbanks and in North Pole, Fairbanks based Interior Gas Utility has been steadily expanding its customer base, IGU General Manager Dan Britton told the board of the Alaska Industrial Development and Export Authority on J...
United States Cook Inlet Dan Britton Alan Bailey Petroleum News Alaska Industrial Development

Drawdowns boost ANS - February 13, 2022 - Petroleum News

Alaska North Slope crude gained 49 cents Feb. 9 to close at $91.96 per barrel, while West Texas Intermediate gained 30 cents to close at $89.66 and Brent gained 77 cents to close at $91.55. The gain, which followed two days of losses, was ignited by a surprise drawdown of oil supplies in the United...
United States Steve Sutherlin Petroleum News North Slope West Texas Intermediate Crude Oil

$451 million earned Q4 in Alaska; Conoco spend in state for '22 $1B - February 13, 2022

ConocoPhillips reported a net income from Alaska operations of $451 million in the fourth quarter of 2021, the company said in a Feb. 3 release. In Alaska it incurred an estimated $420 million in taxes and royalties in Q4 2021, which includes $326 million to the State of Alaska and $94 million to th...
State Of Alaska United States Steve Sutherlin Petroleum News

Pooled electricity complication: Chugach, MEA hit pricing snag - February 13, 2022

Chugach Electric Association and Matanuska Electric Association have been encountering some glitches in their efforts to implement a tight power pool that involves jointly making maximum use of their most efficient power generation plants. The idea is to minimize the cost of power for consumers by p...
Alan Bailey Chugach Electric Association Petroleum News Matanuska Electric Association Electric Association Natural Gas

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EIA: crude production trails consumption - February 13, 2022

The U.S. Energy Information Administration said Feb. 8 in its February Short-Term Energy Outlook that it expects Brent crude to average $90 per barrel in February and $88 per barrel over the first half of 2022. The agency increased its Brent forecast for 2022 by nearly 11% over its January forecast...
Kristen Nelson Term Energy Outlook Petroleum News Agency February Short Us Energy Information Administration February Short Term Energy Outlook

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