Alaska

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
Hilcorp Captures BP’s Legacy Alaska Oil, Gas Operations for $5.6B

Hilcorp Captures BP’s Legacy Alaska Oil, Gas Operations for $5.6B

Houston-based Hilcorp Energy Co., one of the largest private operators in the country and the largest in Alaska, pulled a stunner Tuesday, agreeing to pay BP plc $5.6 billion for all of its legacy operations and interests.

August 27, 2019

Judge Rejects Trump Executive Order on Arctic, Atlantic Offshore Leasing

A federal district court judge in Alaska last Friday ruled an executive order (EO) issued by President Trump in 2017 opening areas of the Arctic and Atlantic oceans to oil and gas leasing was “unlawful and invalid,” and ordered the areas closed to leasing.

April 1, 2019

Alaska Gasline Signs LNG Collaboration Agreement with BP, ExxonMobil

The Alaska Gasline Development Corp. (AGDC) has signed an agreement with BP plc and ExxonMobil Corp. to collaborate on ways to advance the state-owned corporation’s Alaska LNG project, including identifying ways to improve the project’s competitiveness and secure FERC authorization to build the project.

March 11, 2019
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