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State approves two CIE Redoubt requests - March 07, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
State approves two CIE Redoubt requests
Cook Inlet Energy request included voluntary relinquishment of some acreage, request for delay of mandatory contraction of unit
Kristen Nelson
Petroleum News
The Alaska Division of Oil and Gas has approved requests from Cook Inlet Energy, a Glacier Oil & Gas Corp. company, for voluntary relinquishment of some acreage within the Redoubt unit a request the division said also included a request for a one-year delay in mandatory unit contraction.
The Feb. 2..
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Division decision ....

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CCS could tap 62% of world's CO2 emissions; global geological storage at 11,500 Gt


CCS could tap 62% of world’s CO2 emissions; global geological storage at 11,500 Gt
February 06, 2021
OSLO The energy world is changing, and quicker than most experts predicted only a year ago. The adaptation of renewable energy technologies is accelerating, even during the pandemic, and three contenders carbon capture and storage (CCS), battery storage and hydrogen have begun a competitive race to reduce emissions and assist the increasing number of countries, industries and companies that are setting net zero targets.
To address the energy transition and identify the latest trends, Rystad Energy has initiated a monthly Energy Transition Report, which showcases and analyzes the latest developments across key transition variables, societies and technologies. ....

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Sidebar: Promise of deeper oil in northern lease - January 17, 2021

An article in the Feb. 2, 2020, edition of Petroleum News, reported that the new Umiat unit not only contained the shallow Umiat oil field, but possibly a deeper oil target in the northern of its two leases.
Discovered in 1945, Umiat was never produced because its reservoir was shallow, partially f. ....

Kay Cashman , Petroleum News , Brooks Range , Lease Sale , North Slope , Oil Price , காய் காஷ்மேன் , பெட்ரோலியம் செய்தி , ஓடை சரகம் , குத்தகை விற்பனை , வடக்கு சாய்வு , எண்ணெய் ப்ரைஸ் ,

88 Energy buys Umiat oil fields' 2 tracts - January 17, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
88 Energy buys Umiat oil fields’ 2 tracts
Ahead of this winter’s Project Peregrine drilling at Merlin and Harrier firm buys NPR-A unit directly to south in bargain deal
Kay Cashman
Petroleum News
88 Energy said Jan. 11 that on Jan. 8 its wholly owned subsidiary Emerald House acquired the Umiat oil field in the National Petroleum Reserve-Alaska from Malamute Energy and Renaissance Umiat. The purchase price was a 4% overriding royalty interest on the two federal leases in the Umiat unit, as well as the “assumption of liability of abandonment” (estimated cost US$1 million) of two Umiat wells - 18 and 23H - drilled by Linc Energy in 2013/2014. ....

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Slope sales draw $7M - January 17, 2021 - Petroleum News


Providing coverage of Alaska and northern Canada s oil and gas industry
Slope sales draw $7M
Kristen Nelson
Petroleum News
The Alaska Department of Natural Resources’ Division of Oil and Gas unveiled results from its North Slope, Beaufort Sea and North Slope Foothills areawide sales Jan. 13, with the Slope drawing some $6.8 million and the Beaufort just over $200,000 in bids; there were no bids in the Foothills sale.
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Filling in around acreage ....

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