Technology, Investment Hasten Alaska Oil and Gas ‘Renaissance’
The annual conference of the Alaska Oil and Gas Association hailed rapid changes in the industry that promise to boost production for a decade.
Tag: North Slope
Pumping Up the Volume with New Slope Production
Nuna has recently started production, Pikka may start production oil ahead of schedule, and other efficiencies in Prudhoe Bay may lead to more oil. Learn more about the efforts of North Slope operators to increase the amount of oil flowing through TAPS.
AIDEA Commits $70M to North Slope Methanol/Ultra-Low Sulfur Diesel Plant
AIDEA delivers on a pledge for a $70 million loan to Alyeschem for building a North Slope chemical plant to produce methanol and ultra-low sulfur diesel.
A Little Extra from Lagniappe: Oil Discovery East of Prudhoe
The Sockeye-2 test is the second successful exploratory well, after the previous winter’s King Street-1, drilled in the Lagniappe area.
ConocoPhillips Alaska’s Nuna Project Produces First Oil
ConocoPhillips Alaska’s Nuna project produced first oil on December 17 and will add wells, on-pad infrastructure, and pipelines that tie to the Kuparuk River Unit.
$10.9M from State North Slope Lease Sale
The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.
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.
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.
Alyeschem Methanol Plant Gets Boost from North Slope Borough
Alyeschem has support from the North Slope Borough and a funding commitment from the Alaska Industrial Development and Export Authority for an Arctic petrochemical plant.
ConocoPhillips Alaska Update: Plans for Greater Mooses Tooth 2, Nuna, and Willow
ConocoPhillips announced in December 2023 a Final Investment Decision to move forward with the Willow project, while construction continues in 2024 on the Nuna project. The company updates us on some of the most anticipated North Slope developments.