Alaska's North Slope Holds 3.6 Bn Barrels Oil
U.S. Geological Survey (USGS) department estimated that Alaska's Central North Slope 3.6 billion barrels of oil. Assessment also included estimate for 8.9 trillion cubic…
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.
BP Exits Alaska in $5.6 Bln Sale
British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.The deal…
Alaska Officials Probe BP's Prudhoe Bay Wells After Spill
Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small…
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…
Reassessing Alaska's Energy Frontier
Less than 80 miles from Prudhoe Bay, home to the giant oil fields that feed the Trans-Alaska Pipeline, lies the site of USGS’ latest oil and gas assessment: the National…
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…
Alaska Eyes Foreign Capital to Jump-start Energy Projects
Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries while struggling to compete with lower-cost shale projects and reverse a decades-long output decline.
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…
No Cheap Fuel Bonanza for Airlines
While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines serving the U.S.
BP Completes Prudhoe Bay Turnaround
BP Plc on Monday said it completed work at two oil processing facilities at Alaska's Prudhoe Bay field in early to mid-September, but did not comment on the size and scope…
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…
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…
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…
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.
Flooding, Ice Close AK North Slope Highway
Alaska's lone road to North Slope oilfield operations has been shut for days while emergency crews divert flood waters from an adjacent river and oil companies fly provisions to the Arctic region…
ExxonMobil Resumes Drilling at Point Thomson
ExxonMobil announced today that it has resumed drilling at Point Thomson on Alaska’s North Slope as construction continues toward bringing the initial production system online.
BP cuts 275 AK Jobs, Divests in Oil Fields
BP will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area, it said on Tuesday.
EXXONMOBIL's Alaska LNG Project Moves Forward
The Alaska LNG Project has marked a major milestone with the recent submission of a formal request to the Federal Energy Regulatory Commission (FERC) to start the pre-file…
AK Oil Tax Faces Repeal Vote
Alaskans will vote on Aug. 19 to repeal or uphold a new law that cut taxes on oil production and is worth as much as $1 billion annually to North Slope producers Conoco Phillips…
