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Comprehensive Real-Time News Feed for Prudhoe Bay, AK.

Results 1 - 20 of 45 for "u:petroleumnews.com" in Prudhoe Bay, AK

  1. Oil Patch Bits: MagTec sells portion of its assets to Delta LeasingRead the original story

    Friday Feb 24 | Petroleum News

    MagTec Alaska LLC, a Kenai-based oil and gas support services and equipment rental company since 2008, announced that it has sold a portion of its North Slope equipment assets and its Prudhoe Bay shop facility to Delta Leasing. MagTec will focus its North Slope business unit to concentrate on North Slope drilling support, with expanded offerings including new rig mats, a large inventory of storage and service tanks, glycol heaters, steam boilers, envirovacs and complete tank farm packages to support any project.

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  2. Oil Patch Bits: Delta Leasing's acquisition will grow Slope businessRead the original story

    Friday Feb 24 | Petroleum News

    Delta Leasing LLC, an Anchorage based oil and gas support services company, announced that it has purchased substantial North Slope assets of MagTec Alaska. MagTec is a Kenai-based equipment and vehicle leasing firm that has been a major supplier to North Slope operators.

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  3. 3,000 jobs lost in 2015Read the original story

    Friday Feb 10 | Petroleum News

    A new report from the Alaska Department of Labor and Workforce Development says that, following 10 years of steady increase, employment in Alaska's oil industry dropped from 14,100 in 2015 to 11,100 in 2016. The report, written by DLWD economist Neal Fried and published in the department's Alaska Economic Trends magazine, also comments that the history of oil employment in Alaska shows significant fluctuations in employment levels over the years - the 10-year period of job growth that has just ended was preceded by 15 years of job losses.

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  4. Producing PrudhoeRead the original story

    Jan 13, 2017 | Petroleum News

    BP held Prudhoe Bay field production virtually flat in 2016, a sharp improvement over annual declines averaging 4 percent to 6 percent in years past, company officials said in an interview. Prudhoe is the largest field on Alaska's North Slope and the leveling of its production was a major factor helping Alyeska Pipeline Service Co.

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  5. BP adding worker facility at GC2Read the original story

    Jan 13, 2017 | Petroleum News

    BP Exploration Inc. is looking to expand a gravel pad at the Prudhoe Bay unit to accommodate a 'blast resistant module' planned for the Gathering Center 2 facility. The company wants to add 2.05 acres to the pad.

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  6. ANS crude production up 4.6% from OctoberRead the original story

    Dec 8, 2016 | Petroleum News

    November average 549,263 bpd, compared to 525,033; Cook Inlet production averaged 15,000 bpd in October, down 2% from September Alaska North Slope crude oil production averaged 549,263 barrels per day in November, up 4.6 percent from an October average of 525,033 bpd, an increase of 24,230 bpd.

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  7. BPXA president outlines future optionsRead the original story

    Nov 25, 2016 | Petroleum News

    Weiss urges all to help make Alaska oil industry continue to succeed given the challenges of operating under a $50 oil price In a Nov. 16 speech at the Resource Development Council's annual conference Janet Weiss, president of BP Exploration , celebrated the past success of the Alaska oil industry while also reviewing some of the challenges that the industry faces for the future. Weiss said that Alaska needs 'to be on the front foot' of a fundamental shift in the industry, with continuing low oil prices - BP is working to improve its efficiencies to be able to at least break even at $50 per barrel oil in 2017.

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  8. 3Q drilling downRead the original story

    Nov 11, 2016 | Petroleum News

    With the exception of the Colville River unit, North Slope development drilling remained down across the board during the third quarter, as it has for much of the year to date. The operators of the six largest North Slope units - Prudhoe Bay, Kuparuk River, Colville River, Milne Point, Oooguruk and Nikaitchuq - drilled 26 development wells between July and September, down from 35 in 2015 and 33 in 2014, according to completion reports compiled by the Alaska Oil and Gas Conservation Commission.

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  9. Producers 2016: BP promises cuts to Prudhoe Bay programRead the original story

    Nov 11, 2016 | Petroleum News

    Of all the companies that maintained some drilling program in Alaska this year, BP Exploration Inc. had the harshest response to the current economic climate. A number of operators suspended drilling programs entirely for the short term, hoping oil prices would recover.

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  10. Producers 2016: ConocoPhillips easing plans on SlopeRead the original story

    Nov 11, 2016 | Petroleum News

    With the recent marketing of its legacy Cook Inlet fields, and the suspension of its offshore activities in the Arctic Ocean, ConocoPhillips Alaska Inc. is focusing almost exclusively on its onshore North Slope properties for the immediate future. And while the company has been perhaps the most enthusiastic operator on the North Slope in recent years, it is also making adjustments in response to current oil prices.

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  11. Producers 2016: Exxon starts Point Thomson, questions remainRead the original story

    Nov 11, 2016 | Petroleum News

    The company began producing natural gas condensate from the Point Thomson unit in April 2016 and is running a cycling program to extract and market liquids from that production and to inject natural gas back into the field to maintain reservoir pressure. While the startup was a major milestone in the decades-long history of the North Slope unit, much larger forces at work throughout the region are quickly overshadowing it.

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  12. Alaska Oil and Gas Conversation Commission report: October 2016Read the original story

    Nov 4, 2016 | Petroleum News

    30, the Alaska Oil and Gas Conservation Commission approved continuing water injections at the Prudhoe Bay Unit P-06B well. BP Exploration Inc. reported a potential Inner Annulus repressurization.

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  13. 88 Energy reports some oil prospectsRead the original story

    Oct 21, 2016 | Petroleum News

    Australian independent 88 Energy Ltd. has announced some findings from interpreting the 2-D seismic data that the company acquired in its acreage south of the Prudhoe Bay unit early this year.

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  14. Finding the big oneRead the original story

    Oct 7, 2016 | Petroleum News

    Following tantalizing hints earlier this year about the possibility of a major oil find at Smith Bay, towards the western end of the North Slope, Caelus Energy Alaska has now made an official announcement: The two exploration wells that the company drilled in the bay in early 2016, coupled with the results of earlier seismic surveying, have revealed the presence of a massive resource of light oil. In an Oct. 4 statement the company said that there could be 6 billion barrels of oil in place in its Smith Bay leases, with the possibility of 10 billion barrels or more across the complete Smith Bay area.

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  15. Great Bear evaluating eight prospectsRead the original story

    Oct 7, 2016 | Petroleum News

    Continues to look for conventional oil opportunities south of Prudhoe Bay as a route to the viable development of source rock oil Following some intense work analyzing the results of 3-D seismic surveys in its acreage south of Prudhoe Bay, Great Bear Petroleum Operating LLC's geoscience team has identified eight conventional oil prospects, Pat Galvin, the company's chief commercial officer and general counsel, told the Alaska....

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  16. Production up at western satellitesRead the original story

    Oct 7, 2016 | Petroleum News

    Aurora, Borealis, Midnight Sun, Orion, Polaris present bright spot for BP at Prudhoe Bay unit; production up at all but Borealis After across-the-board declines last year, BP Exploration Inc. is reporting increased oil production at four of the five western satellites at the Prudhoe Bay unit.

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  17. DNR approves 2016 Prudhoe PODRead the original story

    Sep 23, 2016 | Petroleum News

    State Natural Resources Commissioner Andy Mack has approved BP's 2016 Plan of Development for the Prudhoe Bay field on the North Slope, taking a highly contentious issue between the state and industry off the table.

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  18. Continuing concernRead the original story

    Sep 16, 2016 | Petroleum News

    A disagreement continues between the Alaska Department of Natural Resources and BP, operator of the Prudhoe Bay oil field, over the inclusion of gas marketing information in the field's plan of development. BP filed its most recent plan on Sept.

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  19. Thomson future?Read the original story

    Sep 9, 2016 | Petroleum News

    As debate continues over Gov. Bill Walker's plan to continue to move towards the construction of a major gas line from the North Slope for the export of liquefied natural gas, with the AKLNG project involving both the state and the North Slope oil producers coming to an end, interesting questions arise over the future of the Point Thomson gas condensate field on the Beaufort Sea coast, to the east of Prudhoe Bay. As currently configured, the Point Thomson field is in a development stage referred to as the initial production system, or IPS, in which natural gas is being continuously cycled through the field reservoir to enable the extraction of up to 10,000 barrels per day of condensate for export along with crude oil from the North Slope.

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  20. No marketing infoRead the original story

    Sep 9, 2016 | Petroleum News

    BP is giving short shrift to Gov. Bill Walker's demand for confidential information about marketing of natural gas from the Prudhoe Bay field, where BP is operator. In a refiling of the Plan of Development for Prudhoe's Initial Producing Area filed Sept.

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