From the wire services, courtesy of Upstream Online:
Sliding oil prices and production have prompted Alaska officials to forecast a state budget shortfall of $1.25 billion in the next fiscal year instead of the surplus they predicted just two months ago.
The dramatic change in state fortunes poses a stiff challenge for Governor Sarah Palin, whose record [...]
Archive for the ‘BP’ Category
Oil Price Slump Affects Alaska State Budgets
Posted in Alaska, BP, ExxonMobil, Heavy Oil, Oil, tagged Alaska, BP, Brooks Range Petroleum, ConocoPhillips, ExxonMobil, Oil, Oil Prices, Oil Production, Pioneer, Point Thompson on February 27, 2009 | 1 Comment »
Heavy Oil – The Future of Crude Oil is Syrup
Posted in Alaska, BP, Heavy Oil, Oil, Prudhoe Bay, TAPS, tagged Alaska, ANS, Oil, Oil exploration, Ugnu on August 25, 2008 | Leave a Comment »
As world production of light sweet crude oil declines, everyone is looking at “unconventional” oil sources to take up the slack. “Unconventional” includes sources like heavy oil (warm thick goop), cold oil (cold thick goop), oil sands (thick goop mixed with dirt), and oil shale (solid goop). Their common characteristic is that, compared to light [...]
World’s Most Powerful Drill Rig Headed For Liberty
Posted in Alaska, BP, Liberty, Oil, Prudhoe Bay, tagged Beaufort Sea, BP, Drill Rig, Liberty, Parker on July 18, 2008 | Leave a Comment »
In order to develop the Liberty field in the Beaufort Sea, BP has commissioned Parker Drilling Company to build a powerful ultra-extended reach top drive drill rig. To handle a nine-mile long drill string with a six-mile horizontal deviation, Parker is building what is characterized as the world’s most powerful onshore drill rig. From Petroleum [...]
Tapping Liberty – ERD on the North Slope
Posted in Alaska, Arctic, BP, Liberty, Oil, Prudhoe Bay, tagged Alaska, BP, ERD, Liberty Field, North Slope, Oil on July 15, 2008 | Leave a Comment »
BP is in the process of setting a record for extended reach drilling (ERD) at the Liberty prospect on Alaska’s North Slope.
Elizabeth Bluemink at the Anchorage Daily News has written about the Liberty prospect here.
Imagine a bent straw made out of steel extending 8 miles long and 2 miles deep, plunging through icy water and [...]
Where Does Our Oil Come From? – An Update
Posted in BP, Oil, tagged Middle East, Oil on July 12, 2008 | 1 Comment »
Sure enough, I post the 2006 data in June, and BP comes out with their new Statistical Review of World Energy a week later. Here’s the updated map.
Here’s the percentage breakout for 2007:
From
Thousand barrels daily
% of imports
S. & Cent. America
2592
19.0%
Canada
2426
17.8%
Middle East
2218
16.3%
West Africa
1933
14.2%
Mexico
1533
11.2%
Europe
1038
7.6%
North [...]
Where Does Our Oil Come From?
Posted in BP, Oil, tagged Middle East, Oil on June 15, 2008 | 1 Comment »
Not where you think. This graph is from the BP Statistical Review of World Energy, an annual report which is often more accurate than the federal Dept. of Energy.
It’s a little hard to follow the lines and arrows, so here’s the percentage breakdown for 2006, the latest data available. Note that the Middle [...]
Alaska Gas Pipeline
Posted in Alaska, BP, Pipeline, Prudhoe Bay, tagged Alaska, BP, ConocoPhillips, Gas Pipeline on April 9, 2008 | 1 Comment »
In a carefully choreographed announcement, ConocoPhillips and BP announced yesterday morning that they are forming a new pipeline company, Denali Pipeline, to build a natural gas pipeline from Alaska’s North Slope to Alberta. This effectively derails Governor Palin’s AGIA process and TransCanada’s proposal. If you need a quick rundown on the announcement, the [...]
Badami Shut Down for Recharge
Posted in Alaska, BP, Oil, Prudhoe Bay, tagged Badami, BP, North Slope, Oil on September 7, 2007 | Leave a Comment »
Badami has been an underperformer from the start, and was in warm shutdown for several years. Rising crude prices and some technological tweaks are combining to make it more profitable.
From Petroleum News (www.petroleumnews.com):
Vol. 12, No. 34 Week of August 26, 2007
BP to shut down Badami for recharge
Kristen Nelson, Petroleum News
The [...]
BP Pipeline Upkeep
Posted in Alaska, BP, Oil, Prudhoe Bay, tagged Alaska, BP, Corrosion, Oil, Oil Spill, Pipelines, Prudhoe Bay on August 31, 2007 | Leave a Comment »
From the Anchorage Daily News (Wesley Loy):
BP lacked a good process for assessing corrosion risk in Prudhoe Bay pipelines, and corrosion fighters were forced to make “tradeoffs” to meet budget targets, a BP-hired consultant found.
The report from Booz Allen Hamilton, a McLean, Va., consulting firm, emerged May 16 as BP’s top U.S. executive, Bob Malone, [...]
BP Liberty Field
Posted in Alaska, BP, Oil, Prudhoe Bay, tagged Alaska, Beaufort Sea, BP, Liberty Field, Oil, Prudhoe Bay on July 11, 2007 | Leave a Comment »
From Petroleum News (Alan Bailey):
Up to 6 ERD (extended reach drilling) wells in works for Liberty – Wells from Endicott satellite island for BP’s second Beaufort Sea oil project will break new records for extended reach drilling
After several years of project evaluation and a progression through various field-design concepts, BP has submitted a detailed plan [...]
