Alaska

Electrical-submersible-pump (ESP) technology is a proven artificial-lift method for shallow, low-pressure reservoirs such as those found in the West Sak viscous oil field in Alaska.

A bipartisan group of House lawmakers introduced legislation that would ban oil and natural gas drilling in Alaska’s Arctic National Wildlife Refuge.

The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore.

Despite the uncertainty spawned by China’s recent decision to levy tariffs on US LNG imports, AGDC said it is still targeting a sale and purchase agreement with Chinese companies by the end of this year.

The Alaska Gasline Development Corp., a state-owned corporation, is preparing an equity offering for this summer for its $43-billion LNG project. BP agreed to sell natural gas from Prudhoe Bay for export to Asia-Pacific.

The Trump administration will begin the environmental review process for oil and gas drilling on a section of the Arctic National Wildlife Refuge, a region in northern Alaska rich in crude but prized by conservationists.

Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska.

ConocoPhillips is producing more oil from the North Slope as it advances development of the massive, historic region. The 1H NEWS viscous oil project is expected to flow 8,000 b/d at peak in 2018.

Three major finds have shattered assumptions about what is possible in the most explored parts of Alaska’s North Slope.

The US Department of Justice and the Alaska Department of Law recently closed federal and legal actions against ExxonMobil Corp. and its corporate predecessors involving the 1989 crude oil spill from the Exxon Valdez oil tanker.