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Borealis moves forward - May 16, 2021 - Petroleum News


Providing coverage of Alaska and northern Canada s 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 all its NPR-A North Slope oil and gas prospects, is out for a 30-day public review that ends June 7 at 11:59 p.m. AKT.
In NPR-A, the Borealis leases lie in what the Anchorage-based independent named the Castle prospect trend, a series of six individual Brookian prospects in the lower Nanushuk formation. Southwest of Willow, the prospects are directly analogous to the geologic setting for major oil discoveries at Pikka, under development by Oil Search (Alaska), and by Conoc ....

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Oil and gas industry fears Biden will halt key projects in Alaska


Oil and gas industry fears Biden will halt key projects in Alaska
February 5th |
 
 
President Joe Biden moved swiftly in his first days in office to suspend oil and gas drilling on federal lands, stirring concerns among Alaska leaders and drillers that key projects may be halted.
The new Democratic president s actions haven t yet appeared to cause long-term disruptions in Alaska, though an oil exploration project was delayed for more than a week.
While many Alaskans expect the state s existing oil fields to keep pumping oil, they say Biden s plans to retool the national economy to deal with climate change could have an outsized impact on Alaska and its heavy reliance on oil production. ....

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President Biden is swiftly reining in oil drilling to protect the climate. Will the transition leave Alaska's economy behind? – InsuranceNewsNet

President Biden is swiftly reining in oil drilling to protect the climate. Will the transition leave Alaska's economy behind? – InsuranceNewsNet
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Alaska Journal | State nets $7M from five companies in Slope lease sale


Thu, 01/14/2021 - 12:18pm
The State of Alaska’s North Slope oil and gas lease sale netted only about half of the bid revenue that the Bureau of Land Management’s sealed bid auction for the Arctic National Wildlife Refuge coastal plain did, but interest from industry was still far greater.
The Division of Oil and Gas collected approximately $7 million across 115 bids from five companies, officials announced Wednesday afternoon following the morning bid opening.
The state’s North Slope and Beaufort Sea lease sales are traditionally a minor annual event with a small audience of industry representatives, reporters and others present to watch the bid opening. COVID-19 precautions prevented that this year. ....

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