An updated cost estimate for the state-led Alaska LNG Project has trimmed about $5 billion from the construction price tag, down to $38.7 billion.
Though the new estimate, released at the Alaska... Read more
More than $5 billion has been shaved off the price of the massive Alaska LNG Project in an effort to attract private firms to take over the LNG export plan currently led by the state, Alaska Gasline... Read more
HARRISBURG, Pa. (AP) — The Trump administration has taken the final step to allow rail shipments of liquefied natural gas, a new front in the movement of energy products that had been opposed by... Read more
Suffice it to say the first half of 2020 has been exceptionally challenging on a host of fronts and Alaska’s oil production figures illustrate well the hardships facing one of the state’s premier... Read more
BP and Hilcorp are hoping to close the upstream portion of their $5.6 billion Alaska deal by the end of the month while state regulators continue to evaluate Hilcorp’s financial wherewithal to take a... Read more
For the fourth year running Hilcorp was the only player in the state’s annual Cook Inlet oil and gas lease sale.
The Division of Oil and Gas received three bids from the Houston-based producer,... Read more
DUBAI, United Arab Emirates (AP) — OPEC and allied nations agreed June 6 to extend a production cut of nearly 10 million barrels of oil per day through the end of July, hoping to encourage stability... Read more
Alaska has cleared the biggest regulatory hurdle to developing a long-sought North Slope natural gas pipeline project.
The Federal Energy Regulatory Commission on Thursday issued a record of... Read more
A cash-starved North Slope oil project could again have new owners with hopes of resuming production later this year.
Majid Jourabchi, CEO of Houston-based Thyssen Petroleum, said May 20 that he is... Read more
The state corporation that has been leading the proposed multibillion-dollar Alaska North Slope natural gas project since late 2016 wants someone else to take over the development effort. The... Read more
Southcentral natural gas customers could collectively save $53.6 million under the latest contract between Enstar Natural Gas Co. and Hilcorp Alaska.
According to a letter containing the amended... Read more
Alaska’s congressional delegation is at the center of a growing cadre of Republican lawmakers pushing back on big banks that have decided not to invest in Arctic oil and gas projects.
Three dozen... Read more
Alaska’s senators say the federal officials should consider all options to help buoy the country’s struggling oil industry but simply restricting imports could invite other issues.
Sens. Lisa... Read more
ConocoPhillips announced Thursday morning it will cut its North Slope oil production by about 100,000 barrels per day as the price for Alaska crude continues to flounder relative to other oil... Read more
Oil Search had a successful exploration drilling campaign on the North Slope this winter but the company has cut spending and delayed a final investment decision on Alaska’s largest oil project in... Read more
Alaska’s finances are deteriorating so fast it’s even hard for the professionals tasked with doing so to keep up.
Legislative Finance Director Pat Pitney told the House Finance Committee on April 22... Read more
Market forces that not long ago pushed refiners to pay a premium for Alaska oil have been turned upside down, further depressing an already collapsed oil market and deepening the financial pain of... Read more
An Alaskan bid for a struggling Cook Inlet gas producer appears to be back on following revisions to a state-backed loan for the purchase.
The Alaska Industrial Development and Export Authority... Read more
A long-awaited decision on how to increase the availability of natural gas for businesses and residents in the Fairbanks area was put on hold April 21 to allow the current unprecedented economic... Read more
ConocoPhillips will cut another $200 million from its Alaska work program this year, company executives said this morning shortly before oil prices fell to the lowest level in 18 years.
The formal... Read more
Alaska’s largest oil producer announced this week that it will demobilize its drilling rig fleet at its North Slope fields to reduce the number of workers at risk of COVID-19.
“(ConocoPhillips)... Read more
With one unique North Slope oil discovery already in hand, a small group of explorers claims to have found another prospect on par with one of the state’s largest oil fields that is worth developing... Read more
State regulators want more details about Hilcorp Alaska’s “access to capital” as it seeks to buy BP Alaska’s assets after the historic plunge in oil prices.
The Regulatory Commission of Alaska... Read more
A small Australian explorer is reporting mixed initial results from an exploration well drilled last month in an area south of the largest North Slope oil fields.
Leaders of 88 Energy announced... Read more
They’re undeniably complex, dry, arcane and seemingly always published in painfully hard-to-read print, but the Council on Environmental Quality’s proposed changes to the implementing regulations for... Read more
Suffice it to say the first half of 2020 has been exceptionally challenging on a host of fronts and Alaska’s oil production figures illustrate well the hardships facing one of the state’s premier... Read more
BP and Hilcorp are hoping to close the upstream portion of their $5.6 billion Alaska deal by the end of the month while state regulators continue to evaluate Hilcorp’s financial wherewithal to take a... Read more
For the fourth year running Hilcorp was the only player in the state’s annual Cook Inlet oil and gas lease sale. The Division of Oil and Gas received three bids from the Houston-based producer,... Read more
DUBAI, United Arab Emirates (AP) — OPEC and allied nations agreed June 6 to extend a production cut of nearly 10 million barrels of oil per day through the end of July, hoping to encourage stability... Read more
A cash-starved North Slope oil project could again have new owners with hopes of resuming production later this year. Majid Jourabchi, CEO of Houston-based Thyssen Petroleum, said May 20 that he is... Read more
The state corporation that has been leading the proposed multibillion-dollar Alaska North Slope natural gas project since late 2016 wants someone else to take over the development effort. The... Read more
Alaska’s congressional delegation is at the center of a growing cadre of Republican lawmakers pushing back on big banks that have decided not to invest in Arctic oil and gas projects. Three dozen... Read more
Alaska’s senators say the federal officials should consider all options to help buoy the country’s struggling oil industry but simply restricting imports could invite other issues. Sens. Lisa... Read more
ConocoPhillips announced Thursday morning it will cut its North Slope oil production by about 100,000 barrels per day as the price for Alaska crude continues to flounder relative to other oil... Read more
Oil Search had a successful exploration drilling campaign on the North Slope this winter but the company has cut spending and delayed a final investment decision on Alaska’s largest oil project in... Read more
Alaska’s finances are deteriorating so fast it’s even hard for the professionals tasked with doing so to keep up. Legislative Finance Director Pat Pitney told the House Finance Committee on April 22... Read more
Market forces that not long ago pushed refiners to pay a premium for Alaska oil have been turned upside down, further depressing an already collapsed oil market and deepening the financial pain of... Read more
ConocoPhillips will cut another $200 million from its Alaska work program this year, company executives said this morning shortly before oil prices fell to the lowest level in 18 years. The formal... Read more
With one unique North Slope oil discovery already in hand, a small group of explorers claims to have found another prospect on par with one of the state’s largest oil fields that is worth developing... Read more
State regulators want more details about Hilcorp Alaska’s “access to capital” as it seeks to buy BP Alaska’s assets after the historic plunge in oil prices. The Regulatory Commission of Alaska... Read more
A small Australian explorer is reporting mixed initial results from an exploration well drilled last month in an area south of the largest North Slope oil fields. Leaders of 88 Energy announced... Read more
They’re undeniably complex, dry, arcane and seemingly always published in painfully hard-to-read print, but the Council on Environmental Quality’s proposed changes to the implementing regulations for... Read more