How COVID-19 Prompted Oil Search to Pivot at Pikka
The revised development plan ultimately allows Oil Search to increase its overall production at a reduced cost.
Tag: North Slope
ConocoPhillips Is ‘Getting Back to Work’ in 2021
“As we take a look at 2021, our focus is getting back to work for Alaska’s future,” says ConocoPhillips Alaska President Erec Isaacson.
BP Leaves Big Shoes to Fill
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.
Ahtna Subsidiary Acquires North Slope Pad Space
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.
2019 Alaska Oil & Gas Lease Sale Delivers Positive Results
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.
BHGE Changes Its Name to Baker Hughes Company
Baker Hughes, a GE company has successfully changed its name to Baker Hughes Company.
Oil Season
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.
Lynden’s Hovercraft Teams Provide Essential Services in Alaska
Five times each day, Lynden’s Bering Marine hovercraft team loads up an AP-188 hovercraft with sixty ENI Petroleum employees and safely transports them roundtrip from Prudhoe Bay to Spy Island, a drill site near Oliktok Point.
BP to Sell Alaska Business to Hilcorp
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.
Booming Interest in Nanushuk
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.