The Brent crude oil spot price is expected to remain close to its current $74 per barrel in early 2025 but drop to $72 per barrel in the fourth quarter on inventory builds, averaging $74 per barrel ...

John Hendrix, owner and top executive of HEX, Hex Cook Inlet and its Furie Operating affiliate, which is the operator of the Kitchen Lights unit, is pleased with the direction the state of Alaska ...

The board of the Alaska Industrial Development and Export Authority passed a resolution Dec. 4 authorizing negotiation and signing a $50 million letter of credit to backstop remaining front-end ...

Jade's seventh POD for Jade's proposed 2025 exploration-delineation plan consists of a well test of a deeper Brookian (Blue) sand and evaluating a horizontal drilling program for the suspended ...

The Baker Hughes' U.S. rotary drilling rig count was 589 on Dec. 6, up by seven from the previous week, down by 37 from 626 a year ago and down by one from two weeks ago. Over the last eight weeks the ...

A Dec. 9 press release from the Alaska House Majority said as Alaska faces a critical juncture in its energy future, the House Resources Committee, chaired by Rep. Tom McKay, R-Anchorage, convened a ...

Petroleum News and much of its staff are taking two-weeks off and not publishing the last two issues of December -- the Dec. 22 and Dec. 29 editions -- which will give us a muchneeded break. Should ...

The Alaska Department of Natural Resources' Division of Mining, Land and Water said Dec. 9 that all tundra opening areas on the North Slope remain closed for off-road travel. The division said staff ...

The Bureau of Land Management has announced an oil and gas lease sale on Jan. 9 for the coastal plain of the Arctic National Wildlife Refuge. The agency is offering for potential leasing the minimum ...

The Barrow gas fields are a local resource for local use. The federal government discovered the field as part of a sporadic post-war exploration campaign in the National Petroleum Reserve-Alaska to ...

Hilcorp Alaska is the dominant oil and gas producer in Cook Inlet, with the company's focus on natural gas, which provides heat and electrical power for Southcentral Alaska. Hilcorp's Houston-based ...

An oil production surge is around the corner for the North Slope of Alaska. The first surge will come from Santos' Pikka Phase 1 project, scheduled to begin producing oil in the first half of 2026 ...