BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion.
Both ConocoPhillips and Oil Search are optimistic about the potential of the Nanushuk Formation on the North Slope following the combined drilling of nine delineation wells over the winter in the Greater Willow and Pikka-Horseshoe units.
Oil Search has received the United States Army Corps of Engineers permit and Record of Decision for the Pikka Development Project on the North Slope, in accordance with Section 404 of the US Clean Water Act.
After making a relatively low-key entry into Alaska’s oil scene, Italian company Eni is quietly making a splash in global energy circles, including the North Slope oil patch.
Alaska’s oil potential is global in scale, and international organizations engaged in exploration or development (or both) have been seizing opportunities they see in the Last Frontier.
The Division of Oil and Gas will offer Special Alaska Lease Sale Area (SALSA) blocks in conjunction with the Fall 2019 oil and gas lease sale, Commissioner Corri A. Feige said.
The Alaska Oil and Gas Association (AOGA) will honor individuals and companies/organizations for their achievements working in the oil and gas industry at its annual conference on May 30, 2019, at the Dena’ina Civic & Convention Center.
Alaska’s major oil and gas players (and some newcomers) are investing their faith and money in the Alaska Arctic with new and ongoing projects.
ConocoPhillips (NYSE: COP) announced the winners of its 2018 Supplier Recognition Award program. The ten recipient companies were honored for exhibiting exceptional leadership in observance of the company’s SPIRIT Values.
US Senator Lisa Murkowski chaired the Energy and Natural Resources Committee’s first hearing of the 116th Congress, to examine the outlook for energy and minerals markets. The hearing featured witnesses from the Energy Information Administration (EIA), ClearView Energy Partners, the R Street Institute, Bloomberg New Energy Finance, and Benchmark Mineral Intelligence.