Ten Years of Fiscal Stability with SB21
In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?
Oil & Gas
Hilcorp Completes $1B Purchase of Eni’s North Slope Assets
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
Hilcorp Partners with Japanese Firms to Study Carbon Sequestration
Hilcorp Alaska signed an agreement with two Japanese corporations to study the feasibility of storing carbon dioxide emissions from Japan in underground reservoirs in Alaska.
Pikka’s Promise Becoming Reality
From its new headquarters building in Downtown Anchorage, Santos is watching construction proceed apace at the Pikka project on the North Slope.
ConocoPhillips Acquires Chevron’s Remaining North Slope Assets
ConocoPhillips signed a $300 million purchase agreement for Chevron’s 5 percent interest in the Kuparuk River Unit and 1.2 percent share of Prudhoe Bay.
ConocoPhillips Alaska Delivers Nuna Module to North Slope
ConocoPhillips’ Nuna module, delivered to the North Slope’s Kuparuk River Unit, is its first Alaska-made production module in twenty years.