Page 119 - Dec News Today

Canadian Prime Minister Justin Trudeau, who fancies himself as a pugilist, having once donned the gloves in a made-for-TV bout with a senator, has made it clear he is done shadowboxing with the fossil fuel industry. In taking the wraps off a new federal cabinet, he has slapped the energy industry,...

The Alaska Department of Environmental Conservation has posted proposed changes to regulations for oil discharge prevention and contingency plans and streamlined plans for public comment, the department said Nov. 2. The proposed changes were posted Nov. 1 and are available, along with information o...

Alaska North Slope production, a combination of crude oil and natural gas liquids, averaged 472,244 barrels per day in September, up 25,040 bpd, 5.6%, from an August average of 447,204 bpd, but down 2.1% from a September 2020 average of 482,194 bpd. Crude oil was 89.1% of the volume, 420,793 bpd, u...

The Bureau of Ocean Energy Management is inviting public comments on a draft environmental impact statement for a potential oil and gas lease sale in federal waters of the northern part of lower Cook Inlet. The sale could encompass 224 leasable blocks covering an area of about 1.09 million acres wes...

In response to proposals for new renewable energy projects, Golden Valley Electric Association has concluded that projects need to be larger in scale to be economically viable, the Fairbanks based utility announced in an Oct. 19 press release. Having in January of this year invited proposals for the...

Moodys Investors Service has downgraded Sri Lankas sovereign rating to Caa2 from Caa1, taking the countrys credit deeper into speculative grade as foreign reserves continued to fall as crippled forex markets and money printing made it difficult to transfer wealth out of the country from credit markets to repay debt.

On Oct. 20 the federal District Court in Alaska extended until Jan. 10 the stays of two appeals against the legality of the current integrated activity plan for the National Petroleum Reserve-Alaska. The IAP, among other things, specifies what land within the NPR-A can be available for oil and gas l...

Oil prices hit a strong downdraft Oct. 27 after setting fresh seven-year highs the day before. Alaska North Slope crude settled at $85.25 per barrel for a loss of 2.2%, or $1.92 on the day. West Texas Intermediate shed 2.3%, or $1.99, to close at $82.66. Brent fell $1.82 to close at $84.58. On Oct....

Since beginning to acquire oil and gas properties in Alaska in 2011, Hilcorp has become the operator of fields in which it holds a working interest ownership. Point Thomson, where ExxonMobil is the operator, was an exception. Hilcorp became a working interest owner in the Point Thomson unit when i...

Moodys Investors Service has downgraded Sri Lankas sovereign rating to Caa2 from Caa1, taking the countrys credit deeper into speculative grade as foreign reserves continued to fall as crippled forex markets and money printing made it difficult to transfer wealth out of the country from credit markets to repay debt.