Santos (ASX:STO) has confirmed that it has received a US$1.4 billion offer from Papua New Guinea’s (PNG’s) national oil company Kumul Petroleum to acquire a 5% interest in the ExxonMobil-operated PNG LNG export complex from the Australian company. Crucially, the deal, if it goes through, will help Santos’ strategic about face towards oil in Alaska.
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
Oil Search has named Peter Fredricson as chief financial officer effective 23 March 2021 as the Australian-listed company pushes growth projects in Papua New Guinea and Alsaka.
Oil Search will start a 15% selldown process for its proposed 80,000 barrels of oil per day Pikka low emissions oil project in Alaska by April. Phase 1 of Pikka is expected to cost about $3 billion and produce oil at a break-even cost of supply less than $40 per barrel Brent, inclusive of a 10% return, reckons the Australian-based company.
88 Energy Ltd (ASX 88E; LON 88E) this week executed its drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.
The Trump administration gave final approval on Monday for a contentious oil and gas leasing plan on the coastal plain of Alaska's Arctic National Wildlife Refuge, where critics worry about the industry's impact on polar bears, caribou and other wildlife.
Alaska’s North Slope basin has a long history of successful oil discoveries — recent discoveries have included the two largest conventional oil discoveries onshore North America in over 40 years.
Oil giant BP has reconfirmed its intention to sell off its Alaskan business to Houston-headquartered Hilcorp for more than £4.5 billion.
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
Dual listed junior oil explorer 88 Energy Limited (AIM: 88E | ASX: 88E) is just weeks away from spudding its Charlie-1 appraisal well at Project Icewine on the North Slope of Alaska.
The rapid growth of Houston's Hilcorp in Alaska is continuing via a new partnership with a regional Alaska Native company to explore and drill on its land.
Oil Search’s LNG project in Papua New Guinea continued strongly in the third quarter but progress on a new three-train liquefaction plan is moving more slowly than had been expected.
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude -- marking the first approval of an oil production facility in federal Arctic waters.
Almost a week after revealing plans to buy £8 billion worth of US shale assets, BP has yet to convince analysts that the deal with BHP Billiton represents value for money.
A bid to open the Arctic National Wildlife Refuge to oil drilling faces a hold up over an arcane budget rule, a development that may mean it can’t be included in the tax overhaul legislation.
Governor Bill Walker signed into law Senate Bill 30, which is expected to generate between $22 million and $27 million in revenue to the state.
London-listed 88 Energy said today that it had shut in the second well on its Alaskan Icewine project to allow pressure to build.
Federal regulators have conditionally approved exploratory drilling in Alaska’s Beaufort Sea by a subsidiary of an Italian multinational oil and gas company.
London-listed 88 Energy said today that it completed the first phase of its "stimulation" operations on its Alaskan project on the weekend.
Governor Bill Walker has ordered his state departments to "prepare for the crisis that an unprecedented government shutdown would impose upon Alaska".
Alaska Governor Bill Walker proposed an end to oil and gas subsidies in a bid stop a government stalemate and swerve an impending shutdown.
Over 1 million acres of Alaska’s Cook Inlet is to be offered for exploration in a lease sale next month.
Australian oil firm 88 Energy said today that a well had been spudded on its Icewine asset in Alaska.
BP Plc is working to secure an ongoing natural gas leak in a well on Alaska’s North Slope that also sprayed crude oil for three days before that release was capped. The plan is to close the well, state officials said.