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Buccaneer CEO suspended

...Cosmopolitan, an offshore prospect near Anchor Point, which found gas at shallower intervals that overlie a deeper oil deposit, which had been discovered earlier by ARCO Alaska, a previous owner of the leases. An estimate of new gas resources...

...Every so often, creatures would get bogged down in pools of water and asphalt that seeped from underground crude oil deposits, and die of dehydration or starvation. Stranded animals that appeared to be easy prey then became a trap for predators...
Jack-up rigs back to work

...Alaska Inc. Pioneer sold the prospect to Buccaneer and BlueCrest Energy, another independent. Cosmopolitan has an oil deposit at the 6,000-foot to 8,000-foot level and a shallower gas deposit at 3,000 feet to 4,000 feet. Previous...
Buccaneer considers subsea production system plans to do a production test of known shallow gas prospects and to extract core for an evaluation of the deeper oil deposit. Cosmopolitan's location is an advantage because it is in shallow water relatively close to shore, and there is...
Legislators wrestle with complexity of oil taxes

...helping Pioneer overcome the high capital cost of its planned Nuna oil project now being evaluated. Nuna is a separate oil deposit near the Oooguruk field that Pioneer hopes to develop, and is estimated to cost about $1 billion."The current proposal...
Buccaneer says it can produce 10 mmcf daily from new gas field

...assignment for the Endeavour. Cosmopolitan is owned by Buccaneer and Bluecrest Energy, a partner, and is a known oil deposit with a shallower natural gas reservoir. The initial well will be to test the shallow gas deposit to determine if it...
New inlet explorer looks to expand

...focus its efforts on the North Slope. Another company, Pioneer Resources, is attempting to develop the Cosmopolitan oil deposit on the Inlet's east side, while a smaller independent, Armstrong Oil and Gas, is developing a small gas field on...
Reader: What are the ?powers that be? doing?

...Let us hope somebody is smart enough to tell the northern Canadian oil folks that the nearest port for their enormous oil deposits (now estimated as large as OPEC) exist in Valdez via the trans-Alaska oil pipeline. Maybe they won?t have to...
Looking forward: 2011 economy in limbo

...a pipeline across the National Petroleum Reserve-Alaska and the development of that infrastructure will make small oil deposits found in the NPR-A economical to develop. This will take years, however. The current oil field operators, BP and...
Businesses urged to join debate over state oil tax

...pipeline has, Langland said. And with taxation as it is today, companies will have little incentive to continue to find oil deposits, he said. "Our leaders have lost sight of what it takes to stimulate investment," he said. But he encouraged small...


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