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Tag Archives: Alaska North Slope

First oil flows from Alaska reserve set aside in ’23

This Feb. 9, 2016, photo shows a million-pound drilling rig at the CD5 drilling site on Alaska's North Slope. ConocoPhillips in October 2015 became the first to drill for oil in the National Petroleum Reserve-Alaska, a region the size of Indiana set aside by President Warren G. Harding in 1923. Getting to this point took compromises with Alaska Natives while keeping environmental concerns in mind. (AP Photo/Mark Thiessen)

NUIQSUT, Alaska (AP) — Rising from the edgeless, wind-scoured, snow-covered tundra on Alaska’s North Slope lies a million-pound drilling rig pulling the first commercial oil from a reserve set aside nearly a century ago. ConocoPhillips is the first oil company to draw crude from the National Petroleum Reserve-Alaska, an area the size of Indiana which President Warren G. Harding dedicated ...

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Army Corps to review North Slope oil project by Spanish firm

View of flying into the North Slope region of Alaska. (Image: Travis via Flickr)

ANCHORAGE, Alaska (AP) — A federal agency will conduct an environmental assessment of a Spanish company’s plans to develop what it says could be a significant oil field on Alaska’s North Slope. The U.S. Army Corps of Engineers announced last week that it will prepare an environmental impact statement for Repsol’s Nanushuk project near the village of Nuiqsut. Repsol estimates ...

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North Slope companies to keep up spending

Repsol, alaskan oil, The Trans-Alaska Pipeline System was designed and constructed to move oil from the North Slope of Alaska to the northern most ice- free port- Valdez, Alaska

What lies ahead for Alaska’s oil and gas industry in 2016? The overwhelming unknown is the price of crude oil, and whether it will continue to go down, stabilize or creep upward as has been predicted. What is causing the slump is well known. There’s too much oil supply on the market and on the demand side, the economic slowdown ...

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Alaska gas line project partners approve work plan, budget

JUNEAU, Alaska — The partners in a major liquefied natural gas project that the state of Alaska is pursuing voted Thursday to approve a work program and budget for the coming year. The state is pursuing the project with the North Slope’s major producers: BP, ConocoPhillips and Exxon Mobil Corp. Miles Baker, a spokesman for the state-sanctioned Alaska Gasline Development ...

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ConocoPhillips approves $900 million project in National Petroleum Reserve-Alaska

ConocoPhillips has approved funding for its Greater Mooses Tooth development on Alaska’s North Slope, a $900 million project expected to yield 30,000 barrels of oil daily at its peak. Production is expected to begin in 2018 at the field in the National Petroleum Reserve-Alaska, an Indiana-sized Arctic reserve. Production at the field would be the first time oil has flowed ...

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Kinder Morgan says Freedom Pipeline project is gaining refiner interest

HOUSTON – Kinder Morgan Inc’s <KMI.N> proposed Freedom Pipeline, which would move West Texas crude oil to Southern California, is “getting more interest” from U.S. West Coast refiners, the head of the company’s natural gas pipeline unit told analysts on Wednesday. Unit President Tom Martin said the company “may have a shot” at moving ahead with converting a natural gas ...

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Alaska North Slope lease sale takes in $54.5M

alaska

ANCHORAGE, Alaska — The state Department of Natural Resources says companies and investors submitted $54.5 million in high bids Wednesday for petroleum leasing on 524,387 acres on the central North Slope of Alaska. The Alaska Dispatch News reports the bidding was the richest North Slope auction in 21 years. The state Division of Oil and Gas recorded a little more ...

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