World Oil (WO) – In its quarterly report, Australia’s Santos Ltd. announced it expects first oil production from it’s Pikka Project in 2026. The Pikka project, in Alaska’s North Slope, has made “excellent progress over the winter months in Alaska,” Santos reported. According to the statement, the Pikka Project is 47% complete as of March 31, 2024. Rig operations were
US News The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources, but pleasing environmentalists. The measures are aligned with President Joe Biden’s efforts to rein in oil and gas activities on public lands
World Oil (WO) – Consistent with its Alaska strategy to focus on the Pikka development, Santos will farm-down half of its working interest in 148 exploration leases (more than 270 thousand acres of State of Alaska lands) on the Alaska North Slope, in an agreement with APA Alaska LLC1 and Lagniappe Alaska LLC2. The leases are located on the
World Oil (Bloomberg) – A federal judge in Alaska denied a bid by environmentalists and an indigenous group to block ConocoPhillips from opening a gravel mine and conducting other work at its $8 billion Willow oil project in the state. The order Monday from U.S. District Judge Sharon Gleason gives ConocoPhillips a green light to continue initial operations during a
World Oil (Bloomberg) – Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an unacceptable blow to residents across the nation’s largest state. “They damn well better not kill the project,” Republican Lisa Murkowski
World Oil (Bloomberg) — The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month, a sale mandated in Democrats’ Inflation Reduction Act to win the support of holdout West Virginia Senator Joe Manchin. The auction of more than 958,000 acres in Alaska’s Cook Inlet next
World Oil (Bloomberg) – China’s passion for Alaskan oil appears to be over as the country turns to Russia. Surging Chinese energy demand amid Covid lockdowns on the US West Coast prompted Alaskan oil exporters to ship more crude than any time in two-decades, and nearly all of it went to the East Asian country. So far this
World Oil (Bloomberg) — The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska’s Cook Inlet — a move that deepens uncertainty over the future of the U.S. government’s offshore oil leasing program. The Interior Department said in an emailed statement it “will not move forward” with two Gulf lease auctions that were
Nasdaq The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge. The widely anticipated move comes two months after the Department of Interior said it would suspend drilling leases handed out for the refuge during the final days of the Trump administration. During his campaign, President
CNBC Last week, I watched as President Biden promised a return to the “restless, bold optimism” of yesteryear. Yet even as he opined on his commitment to govern for all Americans, his staff was quietly working to deprive vast swathes of citizens the opportunity to earn a living, lift themselves from poverty, and pursue the American dream. These actions came
EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,
Reuters WASHINGTON – U.S. President Donald Trump on Monday said his administration was considering whether to allow oil drilling in Alaska’s Arctic National Wildlife Refuge, a 19 million acre (7.7 million hectares) refuge that has been off-limits to drilling for decades. “We will take a look at that,” Trump told Fox News in a telephone interview when asked about a
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