Keyword: northslope

Brevity: Headers | « Text »
  • Collaboration, Clear Rules Needed for Arctic O&G Development

    03/01/2011 7:50:32 AM PST · by thackney · 1 replies
    Rig Zone ^ | Feb 28, 2011 | Rigzone Staff
    The world's remote, largely undeveloped Arctic regions, characterized for its extreme temperatures, unique biota and presence of ice most of the year, could play a critical role in meeting global energy needs as demand rises, production falls and more easily accessible oil and gas resources dwindle, according to energy industry officials at the Arctic Technology Conference in Houston earlier this month. David Lawrence, executive vice president of exploration and commercial for Shell's Upstream division, said, "We can't just rely on renewable energy to maintain energy security and economic development and standard of living. Hydrocarbons will still be needed to meet...
  • Independents: There are ways to stem declining oil flow in line {Alaska Oil Pipeline}

    02/26/2011 6:24:49 AM PST · by thackney · 15 replies
    Petroleum News ^ | Week of February 27, 2011 | Kristen Nelson
    The declining flow of crude in the trans-Alaska oil pipeline could be stemmed, independent companies operating in the state said Feb. 18, and illustrated to the House Resources Committee two ways that could happen. AVCG, Brooks Range Petroleum Corp. and Great Bear Petroleum LLC, testifying in favor of the governor’s proposal to increase investment by reducing oil taxes, House Bill 110, discussed two ways increased volumes of oil could be increased. AVCG LLC, formed in 2000, is the holding company for Brooks Range Petroleum Corp. BRPC was established as the operating company for AVCG and has been drilling on the...
  • TAPS safety questioned {trans-Alaska oil pipeline}

    02/21/2011 10:22:19 AM PST · by thackney · 4 replies
    Petroleum News ^ | Week of February 20, 2011 | Wesley Loy
    Following January leak, pipeline regulators cite risks, hand Alyeska to-do list - - - - - The operator of the trans-Alaska oil pipeline expects to make a prompt reply to federal regulators, who on Feb. 1 issued a proposed order to address problems they say could pose a public safety risk. Michelle Egan, spokeswoman for Alyeska Pipeline Service Co., told Petroleum News on Feb. 14 her company’s reply letter was “in the draft review stage.” She further said Alyeska is likely to take issue with parts of the eight-page notice it received from the Pipeline and Hazardous Materials Safety Administration,...
  • Trans-Alaska pipeline poses risks, regulators say

    02/12/2011 5:13:00 AM PST · by thackney · 15 replies
    AP via Fuel Fix ^ | February 11, 2011 at 7:28 pm | DAN JOLING
    A federal pipeline safety office investigation says the trans-Alaska pipeline poses a risk to public safety and the environment and that issues tied to corrosion, inspection and pipeline restarts after shutdowns must be addressed. The Pipeline and Hazardous Materials Safety Administration handed Alyeska Pipeline Service Co. a list of proposed corrective measures tied to challenges that have spun off from having too little oil in the 48-inch diameter, 800-mile pipeline. The pipeline currently operates at less than one-third capacity from its peak of 2.1 million barrels per day. Less through-put means decreased crude oil temperatures and conditions that lead to...
  • Alaska groups propose dropping TransCanada's pipeline project

    02/07/2011 11:03:16 AM PST · by thackney · 21 replies
    Calgary Herald ^ | February 7, 2011 | Dina O'Meara
    Law makers in Alaska called on TransCanada Corp. to fish or have their state-sponsored bait cut, introducing a bill Friday to abandon backing the massive project unless the company proves it has firm shipper commitments. The bill introduced by four Republican representatives Friday, raises questions about the future of the massive $30-$40 billion line that would ship natural gas from Alaska's North Slope to Alberta. An open season, where pipeline companies seek commitment from shippers to fill up their lines, came back without formal agreements last year, leading to the bill being introduced by disgruntled state representatives. TransCanada said it...
  • Shell defers drilling plan to 2012; still needs air quality permit

    02/04/2011 2:11:56 PM PST · by thackney · 4 replies
    Petroleum News ^ | Week of February 06, 2011 | Alan Bailey
    Faced with continuing permitting uncertainty following the Environmental Appeals Board remand of the U.S. Environmental Protection Agency’s air quality permit for its planned Beaufort Sea drilling, Shell has abandoned its plan to drill in the Beaufort in the summer of 2011, deferring that plan into 2012. “This is not an environmental issue,” said Pete Slaiby, vice president for Shell Alaska, in a Feb. 3 media briefing about Shell’s drilling decision. “We have made significant and voluntary capital improvements in the air emissions technology we have applied to the entire (drilling) program that will allow us to have almost no material...
  • Shell scraps bid to drill off Alaska’s coast this year

    02/03/2011 8:15:21 PM PST · by Nachum · 9 replies · 2+ views
    The Hill ^ | 2/3/11 | Ben Geman
    Shell Oil announced Thursday that it's abandoning efforts to drill in icy waters off Alaska’s northern coast this year, a decision that prompted Alaska's senators to accuse the Obama administration of blocking access to large domestic supplies. The company’s plans to drill in Arctic waters have long been under attack from environmental groups. The Interior Department, after the BP oil spill, halted the oil giant’s plan to drill in 2010. Now the company – which is awaiting air quality permits and Interior’s permission – is throwing in the towel on 2011 too. The Houston Chronicle reports:
  • Shell: No Beaufort Sea drilling in Arctic for 2011

    02/04/2011 5:07:56 AM PST · by Hojczyk · 8 replies
    Yahoo Finance ^ | Feb. 3 ,2011 | Dan Joling
    Shell Alaska has dropped plans to drill in the Arctic waters of the Beaufort Sea this year and will concentrate on obtaining permits for the 2012 season, company Vice President Pete Slaiby said Thursday. The recent remand of air permits issued by the Environmental Protection Agency was the final driver behind the decision, Slaiby said at a news conference. Alaska receives upward of 90 percent of its general fund revenue from the petroleum industry,
  • Alaska lawmakers propose ditching Palin gas line program

    02/04/2011 2:00:06 PM PST · by thackney · 15 replies
    Anchorage Daily News ^ | February 4th, 2011 | BECKY BOHRER
    Leading state lawmakers introduced legislation Friday to abandon a centerpiece of former Gov. Sarah Palin's administration: a state-sanctioned effort to advance a major natural gas pipeline. The measure from Alaska House Republicans underscored the impatience and skepticism that many lawmakers have expressed about the current process and a belief the state is no closer than it was several years ago to realizing the long-hoped-for line. Under the Alaska Gasline Inducement Act championed by fellow Republican Palin, the state promised TransCanada Corp. up to $500 million to advance a line. TransCanada won the exclusive license in 2008. The state has reported...
  • Alaska oil line facing higher risks as output falls: analysis

    01/23/2011 5:22:16 AM PST · by thackney · 22 replies · 1+ views
    Reuters via Calgary Herald ^ | January 21, 2011 | Joshua Schneyer and Yereth Rosen
    Last week's shutdown of the Trans Alaska Pipeline System, a major artery for U.S. oil, may signal trouble ahead for Alaska's aging oil infrastructure, including more frequent incidents that could damage the environment and cause oil prices to soar. Workers braved sub-zero temperatures to install a bypass around a small leak at TAPS, allowing the line that ships 12 per cent of domestic crude supplies to restart on Monday, and halting the advance of oil prices toward $100 a barrel. But the smooth fix belies an ominous lesson from last week's near disaster. Officials and experts said shutdowns at TAPS...
  • Alaska Offshore Special Report: Reviews stall Liberty project

    01/22/2011 3:50:39 PM PST · by thackney · 6 replies · 1+ views
    Petroleum News ^ | Week of January 23, 2011 | Eric Lidji
    When BP discovered Liberty in 1997, it planned to develop the 100 million barrel offshore oil field by building a dedicated drilling island in the Beaufort Sea. That’s how BP developed two other nearshore Beaufort Sea projects: Endicott and Northstar. Ultimately, though, BP chose a more innovative approach: using ultra-extended-reach drilling to develop Liberty from an extended manmade gravel island at Endicott. To accomplish that task, BP commissioned one of the most powerful rigs in the world, a $200 million Parker Drilling Co. rig designed to drill eight-mile-long directional wells. That plan would have significantly reduced the footprint of the...
  • Parnell proposes changes to oil, gas tax to boost production

    01/18/2011 9:53:23 AM PST · by thackney · 3 replies
    Anchorage Daily News ^ | January 17th, 2011 09:54 PM | BECKY BOHRER
    Gov. Sean Parnell is proposing sweeping changes to Alaska's oil and gas production tax, an effort that he says is aimed at boosting oil production and creating more jobs for Alaskans. Among other things, the bill, proposed on the eve of the legislative session, would alter the tax rate assessed under the barely-3-year-old tax regime known as Alaska's Clear and Equitable Share, or ACES, one of Sarah Palin's legacies from her partial term as governor. The tax-rate change alone would cost the state treasury more than $5.2 billion between fiscal years 2013 and 2017, according to an analysis released by...
  • Gas pipeline group still lacks shipping deals

    01/18/2011 9:48:32 AM PST · by thackney · 1 replies
    Anchorage Daily News ^ | January 18th, 2011 | RICHARD MAUER
    Christmas came and went, and then the new year, and Alaska is still waiting for its present from TransCanada -- signed agreements with gas shippers that would show its North Slope pipeline project is moving forward. "We did set out a target, and sometimes you achieve it and sometimes it takes you a little bit longer," said Tony Palmer, TransCanada Corp.'s vice president of Alaska development. "This is a very large and complex project." Palmer's company, with partner Exxon Mobil, has a state license and state subsidies to build the multibillion-dollar line as the Alaska Pipeline Project. He had expressed...
  • Oil is flowing with restart of Alaska pipeline

    01/17/2011 12:40:22 PM PST · by markomalley · 16 replies
    Oil is once again flowing through the trans-Alaska pipeline after a weekend shutdown to repair a leak at a North Slope pump station. Michelle Egan, spokeswoman for the Alyeska Service Pipeline Co., says oil began flowing Monday morning. She says the goal for the next 24 hours is to bring the 800-mile pipeline up to 500,000 barrels a day. Before the leak was discovered more than a week ago, the pipeline was carrying about 630,000 barrels a day. Egan says crews completed work on a 157-foot bypass line to go around the leak. The pipeline in Alaska delivers about 13...
  • ANWR wilderness bill back again; Begich pans ‘predictable’ offering

    01/17/2011 10:32:40 AM PST · by thackney · 11 replies
    Petroleum News ^ | Week of Jan 16, 2011 | Wesley Loy
    An East Coast congressman has reintroduced perennial legislation to designate the coastal plain of the Arctic National Wildlife Refuge as wilderness. Rep. Edward Markey, D-Mass., has offered the Arctic Wilderness Act in every Congress since 2001. The last time he introduced the bill, in January 2009, it died in committee. After Republicans took control the House of Representatives on Jan. 5, Markey rose to become the top-ranking Democrat on the House Natural Resources Committee. Alaska Sen. Mark Begich, a Democrat, quickly blasted Markey’s wilderness bill. “I’ll make Congressman Markey a deal. I won’t legislate for Massachusetts and he stays out...
  • Oil taxes, gas pipeline keys to Parnell legislative agenda

    01/17/2011 10:25:21 AM PST · by thackney · 15 replies
    Anchorage Daily News ^ | January 16th, 2011 11:23 PM | SEAN COCKERHAM
    ... Alaska lawmakers are describing the battle over oil taxes as the defining issue of the legislative session. Tax opponents count on a push from Parnell to help them lower how much the companies are required to pay the state. "I am glad to hear the governor has finally come out and supported looking at the taxes and looking at what revisions may need to be made to move Alaska forward," House Speaker Mike Chenault said at a recent policy forum. Parnell supported the 2007 oil tax increase when he was Palin's lieutenant governor and didn't propose fundamental changes as...
  • Cold forces temporary restart of trans-Alaska oil pipeline

    01/12/2011 9:29:36 AM PST · by thackney · 21 replies
    Anchorage Daily News ^ | January 12th, 2011 07:52 AM | LISA DEMER
    Day 4 of the trans-Alaska oil pipeline shutdown: The biggest operator on the North Slope was preparing to pump oil back into the ground. Environmental officials were supporting a plan that allows some more oil to leak in order to prevent bigger problems. And a whirlwind of activity was under way to make repairs and get oil pulsing through the pipeline again. As temperatures dropped at Prudhoe Bay and the shutdown of the 800-mile pipeline continued Tuesday, federal and state regulators agreed to allow Alyeska Pipeline Service Co. to temporarily restart the flow of oil even though some will ooze...
  • Oil pipeline shutdown among longest ever

    01/11/2011 12:11:28 PM PST · by thackney · 19 replies
    Anchorage Daily News ^ | January 11th, 2011 08:34 AM | LISA DEMER
    The shutdown of the trans-Alaska pipeline is likely to extend into a fourth day, making it the third-longest closure in the line's 33-year history. Officials haven't yet announced how or when they intend to restart it, which is challenging in the dead of winter. About 600,000 barrels of crude oil -- some $50 million worth -- that normally would pulse into the pipeline remain in the ground every day it is shut down. North Slope oil field operators are producing only about 5 percent of their usual amount, or about 30,000 barrels a day. Every day of the shutdown costs...
  • Leak at pump station shuts down pipeline

    01/10/2011 1:25:12 PM PST · by skeptoid
    Anchorage Daily News ^ | January 10th, 2011 | CASEY GROVE
    The 800-mile trans-Alaska oil pipeline remained shut down late Saturday after crews discovered a leak at Pump Station 1 on the North Slope earlier in the morning. North Slope oil producers have been asked to cut their production to 5 percent of normal, a level expected to be reached by 9 a.m. today, according to Alyeska Pipeline Service Co., which operates the line and its pump stations.
  • No estimate for reopening of Alaska oil pipeline

    01/10/2011 6:36:35 AM PST · by Truth29 · 24 replies
    ANCHORAGE, Alaska (Reuters) – The Trans Alaska Pipeline was shut for a second day on Sunday, with no indication of when it would reopen, after a leak was discovered at Prudhoe Bay, forcing oil companies to cut production to 5 percent of their average 630,000 barrels per day. The shutdown of one of the United States' key oil arteries, which carries about 12 percent of the country's production, is the latest setback for the aging, 33-year old pipeline, which handles less than a third of the oil it did at its peak in the 1980s.