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.
The icebreaking tanker SS Manhattan was an oil company’s attempt to see if it might be profitable to move Alaska oil to the East Coast by plowing through the ice-clogged Northwest Passage.
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.
In January 2018, the Anchorage Economic Development Corporation (AEDC) projected that after an enduring economic recession, things were beginning to look up for the oil and gas sector.