SolstenXP – Providing oil and gas services to Alaska
Dec09

SolstenXP – Providing oil and gas services to Alaska

Founded in 1993, SolstenXP, is a full service upstream oil and gas services company headquartered in Anchorage, Alaska with a field office in Trenton, North Dakota and Denver, Colorado.  The Company provides engineering and management services for exploration and production operations, including permitting and regulatory coordination, drilling engineering and supervision, well abandonments (onshore and offshore), facilities construction, decommissioning, production operations, logistical support and professional consulting services. A major focus of SOLSTENXP is the safe, efficient and cost-effective execution of field operations.  We recognize the public and regulatory sensitivity that exploration and development operation projects carry, particularly those performed in sensitive environmental locations.  SOLSTENXP has a strong record of successfully executing environmentally sound projects in the intensely scrutinized theatres of the Alaskan Arctic, Cook Inlet, and the California coastal region. To learn more about SolstenXP visit their website at...

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Petrotechnical Resources of Alaska – Alaskan experience in Alaska’s petroleum industry
Dec09

Petrotechnical Resources of Alaska – Alaskan experience in Alaska’s petroleum industry

Founded in 1997 by five independent consultants, PRA now boasts over 115 affiliated professionals including geologists, geophysicists, petroleum engineers and more. With experience throughout Alaska, and affiliates who have worked on both exploration and development projects in every basin in Alaska, PRA is Alaska’s largest petroleum consulting firm. In addition to state-of-the-art geoscience workstations, PRA has also developed digital well log databases for sale to clients. PRA’s client list reads like a “who’s who” in Alaska’s oil and gas world. Their professionals serve the industry as Engineers, Geoscientists, Geophysicists, Geologists, HSE Professionals and Petrophysicists. To learn more about PRA, their services and contributions to Alaska’s oil and gas industry, visit their website at...

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LNG 101 week eight: Buyers and Sellers
Dec02

LNG 101 week eight: Buyers and Sellers

Buying LNG is usually accomplished through a short-, medium- or long-term contract. LNG may be purchased as an “individual cargo” — also called a spot transaction. Buyers and sellers each can handle the shipping of the LNG once a contract is in place. “Free on Board,” or FOB, describes a sale where the buyer arranges for the shipping. CIF, or Cost, Insurance, Freight, describes a transaction where the seller arranges for shipping. DES, or Delivered Ex Ship also describes a transaction where shipping is arranged by the seller. In 2012, there were 27 countries buying LNG. Asian countries bought 70 percent of the total with Europeans buying 20 percent, North and South America at 4 percent each and the Middle East at 2 percent. Projections for 2030 show South America growing to 6 percent, the Middle East to 4 percent and North America dropping to 2 percent. The fastest growth is projected to come from the smallest market — the Middle East and Africa, with Kuwait being the biggest driver. In Asia, Japan is the largest destination for LNG. Buyers include utilities like Tokyo Electric and Tokyo Gas. South Korea is also an active buyer of LNG for companies like Korea Gas Corp. or KOGAS, and manufacturing companies who import LNG for their own use. Chinese companies like PetroChina and Sinopec add to the growing demand for LNG in Asia. While demand for LNG is rising, big supplies are not expected before 2015. Major Australian projects are expected to enter the market in 2014, but most of the new projects, many from North America, are projected to come online in 2015. With a rise in demand of 7 percent a year through 2020 this gap between supply and demand will result in a narrow market. New sellers are slowly emerging. In Russia, the government recently passed legislation that allows LNG exports to Asian markets. LNG exporters in East Africa and the East Mediterranean are scheduled to enter the market before 2018. The complex nature of LNG transactions demands that the buyers and sellers who are negotiating LNG contracts, which are typically long-term, understand every detail of the global LNG market. Understanding methods for determining prices in this fluid market is critical to avoiding wrong sourcing decisions and significant negative financial impacts as well as legal liabilities. In an Oct. 4 Energy Inc article entitled “LNG contract sales are ripe for a Shakeup,” Jason Burner highlights the first LNG Producer-Consumer conference that was held in Tokyo last year. The conference was held to provide Asian LNG buyers an opportunity to lobby for lower prices and more flexible contract terms. A...

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LRS – Alaska’s premier hot oil company
Dec02

LRS – Alaska’s premier hot oil company

Little Red Services (LRS) opened its doors in 1983 and has been serving the oil and gas community in our state ever since. From increasing well flow output to work-overs and maintenance, LRS’s presence in Alaska’s oil and gas fields in well-known. LRS’s hot oil pump trucks flush tubing and surface lines to breakdown accumulated deposits. After the passage of SB 21, oil tax reform designed to increase production and throughput in TAPS, LRS moved the manufacturing and modification of these trucks to Alaska – bringing more jobs to our state. These hot oil pump trucks are an integral part of the work done by LRS and play a major role throughout the life of a well. LRS says, “By bringing the vast expertise and experience of the LRS team to bear, we will work with our partners to achieve production and organization targets while protecting the environment and maintaining the health and safety of our team. Read more about LRS and what their company has to offer at...

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CONAM Construction: An innovative Alaska company still going strong
Dec02

CONAM Construction: An innovative Alaska company still going strong

CONAM Construction Company was founded in 1984 as an open shop construction contractor. Since that time, CONAM has built a reputation as a contractor able and willing to take on the challenges of arctic construction. Early on in the company’s history CONAM entered a new market by purchasing heavy trenching equipment for reserve pit liner installation in Prudhoe Bay. That innovative spirit has become the trademark of CONAM. Expertise lies in the areas of construction, fabrication and maintenance of oil and gas pipelines and production/process facilities and much more. CONAM’s open shop status has worked for private clients as well as state and federal construction contracts. Their vast experience, knowledge of arctic construction, and commitment to safety have served Alaska well for nearly 30 years. To learn more about the impressive projects CONAM has completed in Alaska, visit their...

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