Looking behind the scenes of the oil and gas industry, it quickly becomes apparent that it requires a lot of moving parts to keep things running smoothly.
The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.
One of the key aspects of the Deadhorse Aviation Center’s success is its ability to meet both the actual and anticipated needs of its target users. And over the years, there have been many.
The Alaska Industrial Development and Export Authority Board approved a resolution that enables AIDEA to modify terms of its loans related to development of the Southern Miluveach Unit (known as the Mustang Field).
Ahtna Petrochemical Products, a subsidiary of Ahtna Netiye’, has acquired twenty-three acres of North Slope pad space to support operational and logistical needs of the oil and gas industry in Alaska.
Oil and gas exploration companies offered $7.8 million for the rights to search for oil on 154,610 acres of state land on Alaska’s North Slope and Beaufort Sea, according to results from the 2019 oil and gas lease sale conducted by the Division of Oil & Gas.
Baker Hughes, a GE company has successfully changed its name to Baker Hughes Company.
Fall is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season.
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.