BP Exits Alaska with $5.6Bln Sale
British oil major BP Alaska announced that it is selling its entire business to Hilcorp Alaska, marking the exit from Alaska after six decades.The $5.6 billion sale includes Opens a New Window. interests in the Prudhoe Bay oil field, Point Thomson gas field and the trans-Alaska pipeline system, BP said in a release.Bob Dudley, BP group chief executive, said: "Alaska has been instrumental in BP's growth and success for well over half a century and our work there has helped shape the careers of many throughout the company.
CITB Expands North Slope Operations
Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, has announced that operations on Alaska’s North Slope are officially underway for the 2019 ice-free season. Three newly acquired tugs, along with barges and shore equipment, will be operating out of Prudhoe Bay for approximately the next three months.“It is great to see these vessels on the water and ready to work,” said Jeff Johnson, President of CITB. “These shallow-draft tugs and barges…
Cook Inlet Tug & Barge Acquiring Assets on Alaska’s North Slope
Cook Inlet Tug & Barge (CITB), an independently managed subsidiary of Foss Maritime Company, entered into an Asset Purchase Agreement with Crowley Vessel Sales Group and completed the purchase of all of Crowley’s Prudhoe Bay, Alaska assets – including tugs, barges, heavy machinery and other vehicles and equipment.“These assets are already positioned on the North Slope,” said John Parrott, President and CEO of Foss. “They are operationally ready to perform shallow draft tug and…
BP to Boost Stake in UK's 'Giant' Clair Field
BP announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska. BP has entered into an agreement to purchase from ConocoPhillips a 16.5% interest in the BP-operated Clair field, west of Shetland in the UK, buying a ConocoPhillips subsidiary that will hold this interest in the field. As a result, BP will hold a 45.1% interest in Clair and ConocoPhillips will retain a 7.5% interest.
Arctic Oil Expansion Panned by Scientists
A group of 37 U.S.-based scientists whose research focuses on Arctic wildlife asked two U.S. senators in a letter on Thursday not to open the National Arctic Wildlife Refuge to oil and gas exploration, according to a copy seen by Reuters. The scientists, including several retired former officials from the Alaska Department of Fish & Game, the U.S. Geological Survey and the U.S. Fish & Wildlife Service, said in a letter to Senator Lisa Murkowski of Alaska and Senator Maria Cantwell…
BP Oil Well Spills Out of Control in Alaska
The oil giant British Petroleum (BP) oil and gas well on Alaska’s Northern Slope that blew out on Friday continues to spill crude oil and gas uncontrollably. There have been no injuries or reports of damage to wildlife, but crews trying to secure the well have failed amid frigid winds gusting to 38 miles an hour. Well pressure was monitored throughout the night and excess pressure was bled off to keep it within a safe rang. There was no estimate about volumes of natural gas and oil released.
Jensen Evolves With Crowley's Support
As the City of San Francisco commissions its latest fireboat today, the vessel, designed by Seattle-based Jensen Maritime Consultants, exemplifies the evolution and growth of the naval architecture and marine engineering firm since it was acquired by Crowley Maritime Corp. in 2008. “Eight years ago I’m not sure this project would have been in our sweet spot,” said Johan Sperling, vice president of Crowley’s marine solutions group, which includes Jensen. “But over the past eight years, Crowley has made a considerable effort to give us all the tools we need to expand into new areas.
Foss Maritime: Hard at Work in the Arctic
As the oil industry awaits a much-needed rebound, Foss Maritime’s robust presence in the Arctic region underscores its commitment to the region, the environment, and a business plan that looks ahead to the next chapter. Reports of the death of commercial Arctic activities have been greatly exaggerated. While Arctic energy projects have, by and large, been put on the back burner – like most things related to energy in other places – there are still many projects ongoing; and still others being planned.
ExxonMobil Starts Production at Point Thomson
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope. Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas. The recycled gas is re-injected for future recovery. At full rate production, the facility is designed to produce up to 10,000 barrels per day of natural gas condensate and 200 million cubic feet of recycled gas. It is anticipated to reach that level when the west pad well is online in a few months.
ICEX Camp Operations Conclude Successfully
The Navy announced March 25 that all primary objectives for Ice Exercise (ICEX) 2016 have been met and the breakdown of Ice Camp Sargo is underway. "The objectives of demonstrating presence, gaining additional Arctic operational experience, furthering partnerships and expanding scientific research were all achieved over the four weeks in which the ice camp was operational. The hard work and dedication displayed by the Arctic Submarine Laboratory, the ICEX participants, and the shore support team made this event an overall success," said Vice Adm. Joseph E. Tofalo, commander, Submarine Forces.
US Oil Drillers Cut Rigs for 12th Week in a Row
U.S. energy firms this week cut oil rigs for a 12th week in a row to the lowest level since December 2009 as drillers continue to slash capital expenditures despite crude prices having apparently bottomed, data showed on Friday. Looking forward, many analysts think the rig count will rebound later this year when prices rise. Drillers removed six oil rigs in the week ended March 11, bringing the total rig count down to 386, oil services company Baker Hughes Inc said. That compares with 866 oil rigs operating in the same week a year ago. Drillers started to steadily reduce their rig count after crude prices began to collapse mid-2014. U.S. crude futures were trading just under $39 a barrel, up 8 percent on the week and set for its fourth weekly gain on forecasts of tighter supplies as U.S.
Salvors Remove Debris Left by Environmental Protesters
Dive and salvage teams worked to remove debris used as anchor blocks by environmental activists protesting Shell’s Arctic drilling aboard a barge in Seattle’s Alki Seacrest Park on May 19. A dive team from Global Diving & Salvage, Inc., along with divers from Global Underwater Explorers (GUE) Seattle, collaborated to remove several concrete blocks and thick steel mooring cables that held barge Solar Pioneer in place as the activists protested Shell’s Polar Pioneer arctic drilling rig then housed at Seattle’s Harbor Island Terminal 5.
Hovercraft Creates Lifeline to Alaska Drill Site
About half a million barrels of oil is extracted each day from Alaska’s Prudhoe Bay oilfields. One of its drilling sites, Endicott, is located on a spit of land connected by the gravel Prudhoe Bay road system and is normally accessible by truck – until recently, when the road was washed out. Faced with the dilemma of how to get workers, food and supplies to the work site, Hilcorp, a privately-held exploration and production companies in the U.S., turned to Crowley and its hovercraft, Arctic Hawk.
Alaska LNG Gets Conditional Approval to Export
The Alaska LNG project marks another significant milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries. The application to export up to 20 million metric tons per year of liquefied natural gas from Alaska for a 30-year period was submitted to the U.S. Department of Energy last July. Authorization to export to nations with existing free trade agreements with the U.S. was previously received in November 2014.
Alaska LNG Approved for Non-free Trade Agreement Exports
The Alaska LNG project marks another milestone with today’s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries. The application to export up to 20 million metric tons per year of liquefied natural gas from Alaska for a 30-year period was submitted to the U.S. Department of Energy last July. Authorization to export to nations with existing free trade agreements with the U.S. was previously received in November 2014. Today’s announcement conditionally further expands the authorization to include non-Free Trade Agreement countries as well. “We are very pleased with the progress this represents,” said Steve Butt, Alaska LNG senior project manager.
Severe Flooding Cuts Off Lone Road to Alaska's Oilfield
Alaska's lone road to North Slope oil field operations remains closed for the third time in two months while emergency crews continue to redirect flooding from an adjacent river, state officials said on Friday. Alaska Governor Bill Walker's office said he would sign a second disaster proclamation while in Deadhorse, the base of operations for several oilfields, after a three-day tour of drill sites that included a fly-over of the flooded area. Production and pipeline operations have not been affected by the closure, said BP Plc spokeswoman Dawn Patience, operator for the Prudhoe Bay field.
Shale Revolution in US Cannot Alter Arctic Oil
Even the so-called shale revolution in the United States did not stop striving for sustainable business with the direct support of the state to extract "Arctic" oil Don wrote on his page to Facebook. In the Arctic sector of the US (Alaska) are two sedimentary basins - the North Slope of Alaska and the Beaufort. In these basins exploration conducted most intensively since the late 1970s until 1996, he reminded the politician. Much of this work has been concentrated in the eastern part of the basin of the North Slope of Alaska…
Crowley Tug Sold to Island Tug & Barge
Crowley Marine Services, Inc. has sold a second sister-tug of the Point Class to Island Tug & Barge Co., Marcon International, Inc. reported. The sale of the ABS +A1, Towing, +AMS classed, 2,100BHP shallow draft ocean towing / push tug Pt. Oliktok mirrors the transaction which Marcon brokered in 2013 between the two parties on the sister vessel ex-Pt. Barrow. The three Point Class sister-tugs were specifically designed and built to work in the Arctic, where Crowley needed vessels…
Experience Counts in the Arctic
Edison Chouest’s Fairweather, LLC lessens Arctic risk while increasing efficiencies in a challenging environment. As interest in offshore commerce in the Arctic increases, key components of any successful operation in this theatre include logistics, assets, and of course, a healthy dose of experience while operating in cold weather environments. To that end, Fairweather LLC’s Arctic operations include the Deadhorse Aviation Center (DAC). Strategically located at Prudhoe Bay, DAC…
BP Cleaning Up Oil Spill On Alaska's North Slope
Work crews for BP Plc were clearing contaminated snow on Thursday on Alaska's North Slope after a Prudhoe Bay well line ruptured, spraying a 34-acre area with crude oil and natural gas. Just how much liquid escaped from the line remains under investigation by BP and Alaska's Department of Environmental Conservation. It remains unclear whether the leak, detected earlier this week, is connected to a decline in North Slope oil production. BP did not return emails seeking comment.
Cracks Scuttle U.S. Navy Ice Camp
Commander, Submarine Forces (COMSUBFOR) announced an early end to Ice Camp Nautilus on March 23. The ice camp was a temporary structure built and operated especially for Ice Exercise 2014 (ICEX-2014). Personnel at Ice Camp Nautilus, which is built into the ice floe north of Prudhoe Bay, Alaska, began a careful breakdown of the camp Sunday. ICEX-2014 began March 17 and was scheduled to continue through March 30. However, large shifts in wind direction created instabilities in the wind-driven ice floes of the Arctic Ocean…
Navy Submarines Begin Arctic Ocean Exercises
Virginia-class attack submarine USS New Mexico (SSN 779) and Los Angeles-class attack submarine USS Hampton (SSN 767) have commenced Ice Exercise 2014 (ICEX 2014) in the Arctic Ocean, says Commander, US Submarine Forces. "In keeping with the Department of Defense's Arctic Objectives, the Submarine Force uses Ice Exercises to prepare for a wide range of challenges and contingencies," said Capt. Paul Whitescarver, the camp's officer in tactical command and operations officer at Commander, Submarine Force Atlantic.
Towers Joins EBDG Engineering Team
Elliott Bay Design Group, a Seattle-based Naval Architect and Marine Engineering firm with offices in New Orleans and Ketchikan, has hired seasoned marine professional Jim Towers. Towers, originally hired at the firm in 2000, brings more than 30 years' experience to his role as Senior Naval Architect and Marine Engineer. Tower's extensive skill set includes production engineering and management, shipyard estimating and budget control, CAD design, repair yard engineering and management as well as expertise in the design and construction of offshore and passenger vessels…