Alaska

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…

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.

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.

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.

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.

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.

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.

While domestic liquefied natural gas (LNG) developers touted increased exports as a means of improving the country’s trade balance with China, industry experts told members of the U.S. Senate they have major concerns that business dealings with Beijing could undermine U.S. economic security.

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.