Page 82 - Dec News Today

Tax Notes: Firb extends work-from-home arrangements until Dec. 31, 2022

Ilcorp Alaska is researching the future possibility of some of its redundant offshore oil platforms in Cook Inlet becoming sites for tidal power stations, David Duffy from the Hilcorp Land Department told the Cook Inlet Regional Citizens Advisory Council board meeting on Sept. 9. The company operate...

The Prudhoe Bay unit owners have agreed to expand the unit to include a lease formerly held exclusively by ConocoPhillips Alaska at Point Storkersen in Gwydyr Bay north of the existing unit, and three adjacent leases. As part of the process, the PBU working interest owners have taken shares in the o...

Alaska North Slope crude rose Sept. 14 to close at $98.04 per barrel, up $1.10 on the day and up a whopping $6.29 over the closing price of $91.75 on the previous Wednesday Sept. 7. West Texas Intermediate rose $1.10 Sept. 14 to close at $88.48 and Brent rose 93 cents to close at $94.10. Traders bid...

Bob Gardes of Lafayette, Louisiana, entered Alaska in September 2020 with the purpose of becoming a natural gas producer by acquiring bypassed and/or underdeveloped gas deposits in the Cook Inlet basin....

For many years natural gas produced from the Cook Inlet basin has been the primary source of energy for heating and power generation in Southcentral Alaska. But as gas prices increase and questions arise over the viability and practicality of future Cook Inlet gas development, what is the longer ter...

The Alaska Department of Natural Resources has issued a 46.8-acre lease on state land to Kenai Hydro LLC for the construction of the Grant Lake Hydroelectric Project on the Kenai Peninsula. DNR has also issued an easement for the construction of a road and bridge on state land for access to the hydr...

The U.S. Energy Information Administration expects global natural gas prices to be higher than average as demand remains high and inventories remain low, the agency said in its September Short-Term Energy Outlook, released Sept. 7. U.S. Henry Hub natural gas prices are forecast to continue to climb...

North Slope crude plummeted $6.94 Sept. 7 to close at $91.75 per barrel as recession fears gripped oil markets. West Texas intermediate plunged $4.94 to close at $81.94 and Brent dropped $4.83 to close at $88.00. China COVID-19 lockdowns were extended, stoking worries that oil demand would crater as...

There are 17 offshore oil and gas production platforms in Cook Inlet, 13 of them active, and Hilcorp Alaska operates 11. The majority of Cook Inlet crude oil comes from these offshore platforms, 72% of the average 9,910 barrels per day in July, according to data from the Alaska Oil and Gas Conserva...