Page 128 - Dec News Today

Alaska North Slope production averaged 490,525 barrels per day in April, down 1.9%, 9,577 bpd, from a March average of 500,082 bpd and down 1.6% from an April 2020 average of 498,422 bpd. ANS crude averaged 437,136 bpd in April, 89.1% of ANS production, down 1.3%, 5,642 bpd, from an April average o...

Moodys affirms Albania at B1, outlook stable Source: The Institute of Financial Services Practitioners TIRANA (Albania), May 25 (SeeNews) – Moodys Investors Service said it has affirmed Albanias B1 long-term foreign and local currency issuer ratings and the B1 foreign currency senior unsecured debt rating, with a stable outlook. The credit ratings were affirmed given Albanias resilience to the coronavirus shock despite narrow economic base and persisting structural challenge...

Providing coverage of Alaska and northern Canadas oil and gas industry Moriarty: Interior scraps Trump’s new Arctic safety, enviro updates Kay Cashman Petroleum News In the current administration’s “eagerness” to do away with Trump’s policies, politics have dictated what should be a scientific process, Kara Moriarty told Petroleum News regarding the U.S. Interior Department May 7 decision not to pursue the former administration’s proposal for changes in Arctic drilling rules offshore Alas...

Providing coverage of Alaska and northern Canadas oil and gas industry Division approves Prudhoe ops amendments Kristen Nelson Petroleum News The Alaska Division of Oil and Gas has approved requests from Hilcorp North Slope for three projects as amendments to the Prudhoe Bay unit operations plan. The most recent, dated May 10, is for authorization to construct a temporary polymer injection facility at W Pad at Prudhoe. The purpose is to....     [additional news subjects in this story] Pigg...

Providing coverage of Alaska and northern Canadas oil and gas industry Borealis moves forward Kay Cashman Petroleum News In preparation for exploratory drilling next winter in its Castle North prospect in the northeastern National Petroleum Reserve-Alaska, Borealis Alaska Oil Inc. applied for an Oil Discharge Prevention and Contingency Plan with the Alaska Department of Environmental Conservation. That plan, which is comprehensive and covers the company’s exploration drilling operations for al...

Providing coverage of Alaska and northern Canadas oil and gas industry US crude almost 11 million bpd in April EIA expects Brent to average $65 per barrel in 2nd quarter, $61 in 2nd half of year and in 2022, with WTI above $55 through 2022 Kristen Nelson Petroleum News In its May Short-Term Energy Outlook, issued May 11, the U.S. Energy Information Administration said U.S. crude oil production continues to rise. While the most recent data, for February, shows a drop, to 9.9 million barrels per...

Providing coverage of Alaska and northern Canadas oil and gas industry BP underpins Woodfibre Gary Park for Petroleum News Canada’s often-overlooked Woodfibre LNG project has received a large helping hand from BP which has now signed a second deal to take output from the proposed export plant near Vancouver. Woodfibre said it will sell 750,000 metric tons a year to BP Gas Marketing over 15 years, doubling BP’s total off....     [additional news subjects in this story] Work pauses as deman...

Providing coverage of Alaska and northern Canadas oil and gas industry Oil prices hit 8-week high May 12; Q3, Q4 demand acceleration seen Steve Sutherlin Petroleum News Alaska North Slope crude rose 37 cents to close at $67.85 per barrel May 12, while West Texas International rose 80 cents to close at $66.08 and Brent rose 77 cents to close at $69.32. It was the highest close for WTI since March 5, and the highest close for Brent since March 11. In early trading, B....     [additional news ...

Providing coverage of Alaska and northern Canadas oil and gas industry Biden taps Montana environmentalist for BLM Associated Press President Joe Biden has nominated a longtime environmental advocate and Democratic aide to oversee the vast expanses of federally owned land in Western states — the latest political appointment raising concerns among Republicans as Biden moves to curtail energy production from public reserves. Trac....     [additional news subjects in this story] Confirmation...

Providing coverage of Alaska and northern Canadas oil and gas industry State strikes deal with Marathon for RIK One-year contract covers 10,000-15,000 barrels per day of royalty oil to Kenai refinery; will bring more revenue than oil in value Kristen Nelson Petroleum News The Alaska Department of Natural Resources has published a final best interest finding and determination for the sale of Alaska North Slope royalty oil to Marathon Petroleum Supply and Trading Co. The FBIF, dated April 22, sa...