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State approves Hilcorp Milne F Pad work - August 21, 2022

The Alaska Department of Natural Resources; Division of Oil and Gas has approved an application from Hilcorp Alaska for a Milne Point unit plan of operations amendment. The Aug. 10 approval is for installation of a separator vessel, modules, tanks and header connections to provide water separation c...
United States Milne Point Kristen Nelson Hilcorp Milne Alaska Department Of Natural Resources Petroleum News

AOGCC confirms $200,000 bond for Amaroq - August 21, 2022

On July 25, following decisions by the Alaska Oil and Gas Conservation Commission and appeals by Amaroq Resources, the Alaska Superior Court reversed an AOGCC decision on the bonding required for wells at Nicolai Creek (see story in July 31, 2022, issue of Petroleum News). In an Aug. 15 order, the...
United States Kristen Nelson Alaska Superior Court Petroleum News Alaska Oil Gas Conservation Commission

ANS fetches premium - August 21, 2022 - Petroleum News

Oil prices edged higher Aug. 17 as plummeting U.S. reserves offset China demand worries that had carried prices lower in the preceding three sessions. ANS rose 98 cents on the day to close at $99.72, as West Texas Intermediate jumped $1.58 to close at $88.11 and Brent rose $1.31 to close at $93.65. ...
United States Sao Tome Sao Tome And Principe Exxonmobil Fangtooth Taiyab Zain Shariff Totalenergie Venus

EIA forecasts 2022 Brent average of $105 - August 14, 2022

Brent crude oil spot price is forecast to average $105 per barrel this year and drop to $95 per barrel in 2023, the U.S. Energy Information Administration said Aug. 9 in its Short-Term Energy Outlook. EIA projects U.S. crude oil production to average 11.9 million bpd this year and 12.7 million in 2...
Kristen Nelson Term Energy Outlook Petroleum News Us Energy Information Administration Information Administration Short Term Energy

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ANS dips sub $100 - August 14, 2022 - Petroleum News

Aug. 4 was a momentous day for Alaska North Slope crude. ANS dropped below the psychologically important $100 per barrel mark, down $1.80 to close at $98.54 per barrel. It was momentous because as of late, ANS had avoided the $90s. ANS had consistently closed above $100 even while West Texas Interme...
United States Steve Sutherlin Petroleum News Alaska North Slope West Texas Interme Crude Oil

Production test planned - August 14, 2022

Methane hydrate drilling and test production is planned for the North Slope this year. Following an earlier approval of gravel work (see story in July 17, 2022, issue of Petroleum News), the Alaska Division of Oil and Gas has approved a methane hydrate drilling program for scientific research on th...
North Slope United States Kristen Nelson Petroleum News Alaska Division Of Oil Alaska Division

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