Cross-border visa issues for a engineer have added to delays for 88 Energy's plan to repair the drawworks on its Icewine #1 drilling project in Alaska.
Exploration company 88 Energy said it had received "overwhelming support" from investors who raised $3million to fund its purchase of extra acreage in Alaska.
88 Energy, which is currently drilling its flagship Icewine asset in Alaska, has expanded its footprint in the area after adding an additional 174,000 acres to its portfolio.
88 Energy has been hit by a delay to drilling operations at its Icewine #1 well in Alaska while repairs are carried out on the Kuukpik 5 drilling rig.
Energy giant Statoil is to exit Alaska following recent exploration results in neighbouring leases.
88 Energy continues to make progress with its flagship Icewine #1 exploration well in Alaska, with initial drilling going ahead as planned.
88 Energy's highly anticipated Icewine #1 project in Alaska is progressing according to plan, the company said in a drilling update.
The Bureau of Land Management (BLM) has approved a drilling permit for Conoco Phillips in Alaska. The decision was awarded on the proposed Greater Mooses Tooth Unit oil and gas development project. It will open the way for the first production oil and gas from federal land in the National Petroleum Reserve in Alaska.
88 Energy has started drilling at its major Icewine project in Alaska.
A French man and his cat were rescued from his sailboat after getting stuck in high seas off the coast of Alaska.
88 Energy Limited has confirmed it has received a Permit to Drill for the Icewine #1 exploration well from the Alaska Oil and Gas Conservation Commission.
US and Alaska state officials will no longer seek an additional $92 million from Exxon Mobil to pay for environmental cleanup and restoration stemming from the massive Exxon Valdez oil spill 26 years ago.
A restructuring of Repsol's Alaska drilling project is adding to the state’s woes in the midst of the biggest oil slump since 2009.
88 Energy has reported a delay at its Icewine #1 exploration well while it awaits a drilling permit from Alaskan authorities.
ConocoPhillips has begun a reduction in its headcount in Alaska as part of the company's 10% workforce decrease in the state.
Oil major Shell could still house some of its fleet in Seattle’s port despite pulling out of plans for exploratory drilling in Alaska. The company said last month it would no longer be pursuing Arctic drilling for the foreseeable future after disappointing results from an initial well. Seattle Mayor Ed Murray said the ruling by deputy hearing examiner Anne Wantanable to clear the way for the possibility of Shell using Terminal 5 for the Polar Pioneer was disappointing. Wantanabe said the attempt by the city’s department of planning and development to require a new land-use permit relied on “inaccurate” characterisations of the work to be done.
Otto Energy has made a final payment of $7million to Great Bear Petroleum to earn entry into two area of the Alaskan North Slope acreage. The company’s payment will see it take an 8% share and 10.8% working interest in the assets. Otto said the decision to make the final investment follows extensive due diligence and field trips to the Alaskan North Slope by the company.
As oil major Shell pulls out of its Arctic campaign off the coast of Alaska, Energy Voice looks back over the past year. The company said it would cease exploration activity in the region for the “foreseeable future”, amid high costs and a “challenging and unpredictable” regulatory environment. Take a look at our gallery below.
Shell has pulled out of offshore drilling in the Arctic, in a decision labelled an “unmitigated defeat” for oil companies by environmentalists opposed to the exploration. The company is abandoning exploration off the coast of Alaska after failing to find sufficient signs of oil and gas to make further exploration worthwhile. The company said it would cease exploration activity in the region “for the foreseeable future”, blaming high costs associated with the project and a “challenging and unpredictable regulatory environment”.
Shell has pulled out of controversial drilling off the coast of Alaska after failing to find sufficient signs of oil and gas to make further exploration worthwhile.
88 Energy is set to begin drilling next month at Project Icewine, on Alaska’s North Slope.
Alaska Governor Bill Walker has a message for President Barack Obama: Fill the Trans-Alaska Pipeline System while you still can. The U.S. agreed earlier this month to allow Royal Dutch Shell Plc to resume Arctic oil exploration, yet state officials say it may not be enough to save the 800-mile (1,300-kilometer) pipeline, Alaska’s economic lifeline for the past 40 years. Efforts to limit drilling and dwindling volumes on the line may eventually make it difficult to move crude at all. “We have an oil pipeline that’s two-thirds empty,” Walker, a Republican-turned-independent, said in a telephone interview from Anchorage. “It’s easy for people to predict what will or won’t happen, but as governor I can’t take that chance. Right now, about 75 percent of our revenue comes from that oil pipeline.”
Australian oil producer 88 Energy Limited has raised A$12 million through a shares issue.
President Barack Obama will call on the US congress to expand protection of Alaska’s Arctic refuge to 12million acres. The move will prohibit oil and gas drilling in a region with more than one million acres of oil heavy coast. The proposal was unveiled by the Interior Department at the weekend.
A fire at an offshore natural gas platform which forced four people on board to be evacuated has been extinguished by firefighters. The Baker platform in Alaska is operated by Houston-based Hilcorp Energy and a no-fly zone of two miles was put in place.