Uneconomic

North Dakota in Freeze as Production Declines

A deep freeze named Brutus hammered North Dakota with a pre-winter force in November, knocking down oil and gas production from all-time record levels the previous month, according to the latest statistics from the state Department of Mineral Resources (DMR).

January 14, 2013

API: Deepwater Permitting Delays Threaten Energy Security

Nearly a third of U.S. deepwater production could be rendered uneconomic if Gulf of Mexico (GOM) permitting timelines are extended, according to a report released last week by the American Petroleum Institute (API).

January 31, 2011

API: Deepwater Permitting Delays Threaten Energy Security

Nearly a third of U.S. deepwater production could be rendered uneconomic if Gulf of Mexico (GOM) permitting timelines are extended, according to a report released Tuesday by the American Petroleum Institute (API).

January 27, 2011

BP Touts Hybrid Fiscal Package to Jump Start Alaskan Pipeline

Despite the Alaskan gas pipeline project being deemed uneconomic at the end of a study conducted by BP, ExxonMobil and ConocoPhillips, David Welch, BP president of Alaska-Canada Gas, said Thursday the company’s new fiscal package could not only make the project viable, but more importantly, could get it up and running by the end of 2011 if the energy bill goes through this year.

November 11, 2002

BP Touts Hybrid Fiscal Package to Jump Start Alaskan Pipeline

Despite the Alaskan gas pipeline project being deemed uneconomic at the end of a study conducted by BP, ExxonMobil and ConocoPhillips, David Welch, BP president of Alaska-Canada Gas, said Thursday the company’s new fiscal package could not only make the project viable, but more importantly, could get it up and running by the end of 2011 if the energy bill goes through this year.

November 8, 2002