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Top petroleumnews.com News

OPEC+ to Maintain Group Quotas Ahead of July Output Decision
Oil and Gas Sector

OPEC+ to Maintain Group Quotas Ahead of July Output Decision

100% Center coverage: 2 sources
OPEC+ gathered online May 28 to ratify their current groupwide production quotas, ahead of a decision by eight key members at the weekend whether to bolster output again in July.See the Story
Baker Hughes US rig count drops 10 to 566 - June 01, 2025
Anchorage, United States · Anchorage

Baker Hughes US rig count drops 10 to 566 - June 01, 2025

Baker Hughes' U.S. rotary drilling rig count was 576 on May 23, down by 10 from the previous week, down by 34 from 600 a year ago and down by 12 from two weeks ago. Over the last eight weeks the rig count was up in two weeks and down in six with a combined loss of 30 against a gain of four. This is...Read Article
ANS production up slightly led by NGLs - June 01, 2025
Anchorage, United States · Anchorage

ANS production up slightly led by NGLs - June 01, 2025

Alaska North Slope liquids production averaged 477,764 barrels per day in April, up 0.36%, 1,701 bpd, over 476,063 bpd in March and up 0.3% from 476,321 bpd in April 2024. ANS crude, 88.91% of the total, averaged 424,778 bpd in April, down 956 bpd, 0.22%, from a March average of 425,734 bpd but up 0...Read Article

Hilcorp:Plans screeding at Nikaitchuq, Oooguruk - June 01, 2025

Hilcorp Alaska plans screeding activities at Nikaitchuq and Oooguruk this summer, with work at Oooguruk approved and an application in for screeding and barge landing work at Nikaitchuq. The Alaska Department of Natural Resources' Division of Oil and Gas approved screeding activities at Oooguruk in...Anchorage, United States · AnchorageRead Article

Recently OK'd Prudhoe IPA POD shows strong continued drilling - June 01, 2025

The recently approved 2025 plan of development for the Prudhoe Bay Initial Participating Area -- the oil rim and gas cap -- shows continuation of strong development drilling. Prudhoe operator Hilcorp North Slope submitted the 2025 POD April 1; the Alaska Department of Natural Resources' Division of...Anchorage, United States · AnchorageRead Article

A branch in the road - June 01, 2025

With firm contracts for natural gas supplies to Southcentral Alaska gas and electricity utilities expected to fall short of gas demand in the next three years, the utilities and the gas producers will need to make some critical decisions over how best to ensure the continuity of energy supplies to A...Anchorage, United States · AnchorageRead Article

Cosmopolitan in default - June 01, 2025

On May 23, John Martineck of BlueCrest Alaska Operating was sent by certified mail a notice of default for the Cook Inlet Cosmopolitan unit from Commissioner John Boyle of the Alaska Department of Natural Resources. The default was due to BlueCrest's failure to meet the commitments in the DNR Divis...Anchorage, United States · AnchorageRead Article

ANS stable near $70 - May 25, 2025

Alaska North Slope crude dove $1.38 May 21 to close at $67.67 per barrel -- narrowly retaining its position in the top quadrant of the $60s, while West Texas Intermediate dropped 99 cents to $61.57 and Brent fell 47 cents to close at $64.91. Prices were chilled by a surprise swell in U.S. crude stoc...Anchorage, United States · AnchorageRead Article

Great Bear gets OK for Dubhe-1; Megrez lacks appreciable oil, gas - May 25, 2025

Great Bear Pantheon has approval from the Alaska Department of Natural Resources' Division of Oil and Gas for a unit plan of operations for the Dubhe-1 exploration well in the company's Talitha unit on the North Slope. In its May 16 approval, the division said the well will be some 27 miles south of...Anchorage, United States · AnchorageRead Article

Glacier's Savant gets approval for Badami unit development plan - May 25, 2025

Savant Alaska, a Glacier Oil and Gas Corp. company, received approval for the 22nd plan of development for the eastern North Slope Badami unit from the Alaska Department of Natural Resources' Division of Oil and Gas on May 15. The POD, referred to as the 2025 plan of development, covers the period f...Anchorage, United States · AnchorageRead Article

Baker Hughes US rig count drops 2 to 576 - May 25, 2025

Baker Hughes' U.S. rotary drilling rig count was 576 on May 9, down by two from the previous week, down by 28 from 604 a year ago and down by eight from two weeks ago. Over the last eight weeks the rig count was up in two weeks and down in six with a combined loss of 21 against a gain of four. This...Anchorage, United States · AnchorageRead Article

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