Alaska

Alaska LNG Finishes Federal Regulatory Process with NOAA Approval

Alaska LNG Finishes Federal Regulatory Process with NOAA Approval

The Alaska liquefied natural gas (LNG) project cleared its final federal regulatory hurdle this week after the National Oceanic and Atmospheric Administration (NOAA) authorized the incidental take of marine mammals.  The authorization was issued Wednesday permitting the harm or killing of porpoises, sea lions, seals and whales during a five-year period from 2021-2025 during specified…

September 17, 2020
Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

The oil and gas industry is bracing for a possible November victory by Joseph R. Biden Jr., who is leading in the polls and who officially accepted the Democratic nomination Thursday from Wilmington, DE. Although energy policy has taken a backseat to the Covid-19 pandemic and economic hardship facing Americans, climate change has nonetheless garnered…

August 21, 2020
Trump Administration Readies Alaska’s ANWR for Oil, Gas Drilling

Trump Administration Readies Alaska’s ANWR for Oil, Gas Drilling

The U.S. Department of the Interior on Monday signed off on a plan that would allow oil and gas leasing in a swath of the Arctic National Wildlife Refuge (ANWR) in Alaska, a move that invited praise from proponents but swift vows of legal action from environmentalists. Interior Secretary David Bernhardt said officials were acting…

August 17, 2020
Hilcorp Taking Over BP’s Legacy Alaska Upstream Portfolio

Hilcorp Taking Over BP’s Legacy Alaska Upstream Portfolio

Houston’s Hilcorp Energy Co. has completed a takeover of BP plc’s upstream portfolio in Alaska and is nearing a handoff of the midstream unit, allowing the private explorer to become one of the state’s biggest operators. The $5.6 billion deal struck last year with BP hands affiliate Hilcorp Alaska immediate control of BP Exploration (Alaska)…

July 2, 2020
ConocoPhillips to Restore Some Alaska, Lower 48 Oil Output in July

ConocoPhillips to Restore Some Alaska, Lower 48 Oil Output in July

Houston-based ConocoPhillips said Tuesday it expects to begin restoring some curtailed Alaska and Lower 48 oil output in July after shuttering an average 225,000 boe/d net across its global operations in 2Q2020. In a second quarter update ahead of issuing results late in July, the super independent said oil output despite the shut-ins was in…

June 30, 2020
FERC Greenlighting Alaska LNG Export Project Called ‘Capstone Moment’

FERC Greenlighting Alaska LNG Export Project Called ‘Capstone Moment’

FERC has authorized Alaska Gasline Development Corp.’s (AGDC) plans to liquefy and export natural gas produced on Alaska’s North Slope from a plant at Nikiski.

May 21, 2020
BP, Hilcorp Revamp $5.6B Alaska Sale on Decline in Oil Prices, Market Volatility

BP, Hilcorp Revamp $5.6B Alaska Sale on Decline in Oil Prices, Market Volatility

BP plc still expects to offload its legacy Alaska portfolio to Houston-based Hilcorp Energy Co., but terms of the $5.6 billion agreement have been renegotiated in response to market volatility.

April 27, 2020
Cryopeak Building Out Small-Scale LNG Distribution Hub in Northern Canada

Cryopeak Building Out Small-Scale LNG Distribution Hub in Northern Canada

Cryopeak LNG Solutions Corp. has started work on what it said would be the closest liquefied natural gas (LNG) production facility to both Northern Canada and parts of Alaska.

April 13, 2020
Cryopeak Building Out Small-Scale LNG Distribution Hub in Northern Canada

Cryopeak Building Out Small-Scale LNG Distribution Hub in Northern Canada

Cryopeak LNG Solutions Corp. has started work on what it said would be the closest liquefied natural gas (LNG) production facility to both Northern Canada and parts of Alaska.

April 13, 2020
Ballot Initiative to Raise Oil, Gas Taxes Moves Ahead in Alaska

Ballot Initiative to Raise Oil, Gas Taxes Moves Ahead in Alaska

Alaska Lt. Gov. Kevin Meyer certified a ballot initiative last week that would end certain tax credits for oil and natural gas production in the state’s most prolific regions, and effectively increase tax rates.

October 21, 2019
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