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Pembina pipeline scraps plans for Jordan Cove LNG export facility - December 12, 2021

Exhausted by repeated delays and deferrals, Calgary-based Pembina Pipeline has shelved plans for the first LNG export terminal on the U.S. West Coast. Starting 14 years ago, the project was planned by Verasen as an LNG import venture. Then, after being acquired by Pembina in 2017, the plan was switc...
Petroleum News Jordan Cove Calgary Based Pembina Pipeline

ConocoPhillips budgets ~$7.2B for 2022; no Alaska estimate yet - December 12, 2021

ConocoPhillips announced its preliminary 2022 capital expenditures budget Dec. 6, with planned companywide expenditures of some $7.2 billion. This compares to $5.3 billion in capital for 2021. The Alaska budget was not broken out (in 2021 the Alaska budget numbers were released in February when the...
United States Kristen Nelson Petroleum News North Slope Resource Development Council

ANS gains altitude - December 12, 2021 - Petroleum News

Alaska North Slope crude rose 80 cents Dec. 8 to close at $77.07 per barrel, while West Texas Intermediate rose 31 cents to close at $72.36 and Brent rose 38 cents to close at $75.82. ANS extended its run at a premium to Brent, an interesting aspect of a price recovery after a new COVID-19 variant s...
United States Steve Sutherlin Petroleum News North Slope West Texas Intermediate Energy Information Administration

Hilcorp proposes Ugnu pilot at Milne Point - December 12, 2021

There has been intermittent production from the Ugnu formation at the Milne Point field, starting with a pilot run by BP Exploration (Alaska) in 2003 when it was the field owner and operator. There was Ugnu production in 2003, 2004, 2008, 2011, 2012 and 2013. After Hilcorp Alaska took over as Milne...
Schrader Bluff United States Kuparuk River North Slope Milne Point Kristen Nelson

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ANWR lease sale scoping report issued - December 12, 2021

The Bureau of Land Management has published the scoping report for developing a supplemental environmental impact statement for oil and gas leasing on the Arctic National Wildlife Refuge coastal plain. The scoping document, the outcome of a 60-day public scoping period, will help guide the environme...
Alan Bailey Bureau Of Land Management Petroleum News Arctic National Wildlife Refuge Land Management Arctic National Wildlife

EIA: production forecast to exceed demand - December 12, 2021

The U.S. Energy Information Administration is forecasting $70 Brent next year, based on expected growth in production from the Organization of the Petroleum Exporting Countries and OPEC+, along with increased U.S. tight oil production and increased production from other non-OPEC nations. That growth...
Kristen Nelson Organization Of The Petroleum Exporting Countries Petroleum News Us Energy Information Administration Information Administration Petroleum Exporting Countries

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