Oil & Gas
Alaska runs on oil. From providing jobs to contributing directly and indirectly to economies statewide, oil and gas companies are crucial to Alaska’s fiscal well-being. Alaska Business is an advocate for responsible resource development and as such we report on the oil and gas industry as it pursues projects that are environmentally sound, benefit local communities, and are profitable.
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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?
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.
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