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November 10, 2023
Activity levels are high on the North Slope and are trending in an exciting direction for Alaska. The investment and hard work that is occurring to make these developments happen is impressive as the state is entering an era of exploration and development more promising than any time since Prudhoe B...
November 10, 2023
On Aug. 16, 2022, Santos Ltd. (51%) and its joint venture partner Repsol (49%) took a final investment decision to proceed with the US$2.6 billion Phase 1 of their Pikka development project west of Alaska
November 10, 2023
In recent years, the Nicolai Creek unit has stood on the edge of precipice of capital. The onshore field on the west side of Cook Inlet continues to produce sufficient quantities of natural gas to justify its existence, but operator Amaroq Resources Inc. has frequently acknowledged that essential in...
November 10, 2023
On Nov. 2, the Alaska Department of Natural Resources๏ฟฝ Division of Oil and Gas posted notice of an application to form the Smith Bay unit in state waters north of the National Petroleum Reserve-Alaska by Caelus Energy Alaska Smith Bay LLC as operator. (See map in the online issue PDF) The applic...
November 10, 2023
After a lull of a couple of years as a consequence of the COVID pandemic, oilfield development drilling on the North Slope and in the Cook Inlet region picked up significantly in 2022, according to data available on the Alaska Oil and Gas Conservation Commission website. On the North Slope the numbe...
November 10, 2023
Forest Oil updated analysts on its Cook Inlet, Alaska, Redoubt Shoal development as part of a third-quarter conference call Nov. 5, 2003. The company said capital expenditures for Alaska have dropped from $7 million a month in the first quarter of the year to $3 million a month in the third quarter....
November 10, 2023
BlueCrest Alaska Operating LLC expects to soon resume drilling operations at its Cosmopolitan unit after a three-year pause. The reasons for the pause are known: a pandemic, oil price fluctuations, and uncertain financial markets and tax regimes. The thin silver lining is easy to overlook. With that...