Tuesday, December 10, 2019

Beaufort Sea News

Eni Acquires 70% stake in Oooguruk Field Offshore Alaska

Image: Caelus Energy

Italian oil and gas company Eni has agreed to acquire a 70% stake in the Oooguruk oil field located offshore Alaska from Caelus Natural Resources Alaska for an undisclosed price.With Eni…

U.S. DOI Okays Hilcorp AK Offshore Oil & Gas Project

The U.S.

BSEE Approves Arctic Offshore Suspension Requests

Director Scott Angelle Photo BSEE

The Bureau of Safety and Environmental Enforcement (BSEE) approved suspensions of operations Tuesday in response to requests from the Arctic Slope Regional Corporation Exploration, LLC (AEX) related to AEX’s 20-lease Taktuk Unit…

Alaska Requests Limits on US Offshore Drilling

© eqroy / Adobe Stock

Alaska Governor Bill Walker said on Tuesday he has asked U.S. Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing off the state's coast. While Walker supports offshore oil development…

Eni Begins Drilling Oil Well in Alaska's Beaufort Sea

(Photo: BSEE)

Italian oil producer Eni this week began drilling a new well in U.S. waters off the north coast of Alaska, becoming the first company to do so since 2015, federal regulators said on Wednesday.

Alaska's Petroleum Reserve at 9 bln bbl - USGS

File Image: The Trans Alaska Pipeline. (CREDIT: AdobeStock / (c) Roger Asbury)

Alaska's National Petroleum Reserve and adjacent lands have an estimated 8.7 billion barrels of recoverable oil, the U.S. Geological Survey said on Friday, up from an estimate of about 1.5 million barrels made in 2010.

Trump Administration Approves Eni Plan to Drill Offshore Alaska

Image of sea ice in the Beaufort Sea, acquired on 3 June 2017 by the Moderate Resolution Imaging Spectroradiometer (MODIS) instrument, on board the Aqua satellite. (Photo: NASA)

Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases…

Arctic Drilling Ban Gives Canada Leg Up -US Lawmakers

© ggw / Adobe Stock

U.S. lawmakers on Wednesday slammed an agreement made with Canada to ban offshore Arctic drilling, saying Ottawa's plan to review its ban every five years gives Canada a leg up on energy exploration. U.S.

White House ‘Playing Politics’ Arctic Drilling Ban -AEC

Lucas Frances, (Photo: Arctic Energy Center)

The Obama Administration announced that it will ban offshore oil and gas development throughout much of the U.S. Arctic. Under the authority of a provision in a 1953 law, the decision designates…

Obama Bans New Drilling off Alaska, Part of Atlantic Shore

(Official White House Photo by Pete Souza)

U.S. President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month.

Hundreds of Scientists Urge Obama to Halt Arctic Oil Drilling

Photo Credit: NASA Goddard Space Flight Center

Nearly 400 scientists from more than a dozen countries signed a letter urging U.S. President Barack Obama to take the Arctic Ocean out of the next federal offshore lease sale plan, thus…

Arctic Oil Drilling: Why Does U.S. End It?

Image: An oil drilling rig operated by Royal Dutch Shell ran aground on a pristine wildlife-rich island in Alaska in 2013. Credit: Panda.Org

The Obama administration has taken steps to keep drill rigs out of Alaska's northern ocean for a decade or more. The sudden of turnabouts is attributed to slowing down of economy. The U.S.

Canada Arctic Drilling Rules May Stifle Development

Canada's offshore Arctic drilling rules could "stifle" development since they do not provide incentives for companies to proceed with production after discovering oil, the government was…

Imperial Oil/Exxon/BP Gr defer drilling in Canada's Arctic

Photo Chevron

Imperial Oil Ltd said on Friday it and partners Exxon Mobil Corp  and BP Plc need more time before they can drill an exploratory well in Canadian Arctic waters and are seeking an extension…

Imperial Oil Defers Drilling in Canada's Beaufort Sea

Imperial Oil Ltd said on Friday it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic as it seeks an extension to the length of its exploration license in the region.

Hovercraft Creates Lifeline to Alaska Drill Site

Crowley's hovercraft Arctic Hawk shuttles people and supplies to an Alaskan drill site which became disconnected after the road leading to it was washed out. (Photo: Crowley)

About half a million barrels of oil is extracted each day from Alaska’s Prudhoe Bay oilfields. One of its drilling sites, Endicott, is located on a spit of land connected by the gravel…

Shale Revolution in US Cannot Alter Arctic Oil

Sergey Donskoy

Even the so-called shale revolution in the United States did not stop striving for sustainable business with the direct support of the state to extract "Arctic" oil Don wrote on his page to Facebook.

ExxonMobil Resumes Drilling at Point Thomson

A map of northern Alaska; the dotted line shows the southern boundary of the North Slope. Courtesy Wikipedia

ExxonMobil announced today that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online. “The Point…

Slashed Energy CapEx Pumps Brent Pricing

More companies cut upstream investments around world; strong U.S. production continues to drag on prices. Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound…

Chevron Cancels Canadian Arctic Drilling

Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall.