All publications by tag «ALASKA»
2019, August, 28, 12:10:00BP SELLS ALASKA FOR $5.6 BLN
BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. 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.
2019, May, 13, 12:25:00ALASKA LNG OPPORTUNITY
“[The Russians] are bringing 16.5 million tons of LNG from the Yamal [LNG project] through the Bering Strait [en route to Asia] 2,600 miles through the ice, while we’ve got big fields in Prudhoe Bay [Alaska] that are lying fallow” that would require just 600 miles through the ice zone, Treadwell asserted to lawmakers at a maritime subcommittee hearing in the U.S. House of Representatives.
2018, August, 15, 10:30:00ALASKA LNG: $43 BLN
PLATTS - A deal between Chinese companies and Alaska's state gas corporation to build the $43 billion Alaska LNG Project appears to be on scheduled despite the trade war brewing between the US and China.
2017, November, 14, 17:50:00CRITICALLY IMPORTANT ALASKA
API welcomed legislation that would allow for safe and responsible natural gas and oil development in a small non-wilderness portion of Alaska’s Arctic National Wildlife Refuge (ANWR). The legislation was released by the Senate Energy and Natural Resources Committee to be included as part of the budget reconciliation bill.
2016, August, 30, 18:40:00ALASKA LNG: LEAST COMPETITIVE
“The Alaska LNG project is one of the least competitive on a cost of supply basis compared with other”
2016, May, 10, 18:15:00MAJORS RELINQUISHED $2.5 BLN
The pullout comes as crude oil prices have plummeted to less than half their June 2014 levels, forcing oil companies to slash spending. For Shell and ConocoPhillips, the decision to abandon Arctic acreage was formalized just before a May 1 due date to pay the U.S. government millions of dollars in rent to keep holdings in the Chukchi Sea north of Alaska.
2015, November, 19, 19:30:00STATOIL LEAVES ALASKA
Statoil ASA announced that it will vacate leases it holds in the Chukchi Sea off Alaska and close its office in Anchorage because they are no longer competitive. Its Nov. 17 action came after Shell Offshore Co. made a similar move with its Alaska federal offshore leases for the same reason.
2015, October, 1, 19:45:00SHELL STOPPED DRILLING
The oil giant is to halt drilling at the Burger J well in the US Arctic, saying it can't justify the expense due to low oil prices. Shell only won the controversial permission to explore the icy waters last month.
2015, May, 13, 20:55:00SHELL WILL DRILL
Shell will conduct its drilling in 140 ft of water about 70 miles northwest of the Alaskan village of Wainwright using the M/V Noble Discoverer drillship and Transocean Ltd.’s Polar Pioneer semisubmersible drilling unit, with each vessel providing relief-well capability for the other. The two drilling rigs and their supporting vessels will depart the Chukchi Sea at the conclusion of each exploration drilling season.
2015, April, 4, 13:10:00ARCTIC EXPLORATION’S RISK
Arctic exploration is worth the risk. Exxon has decades of experience working in that part of the world, including successful projects in Russia — but also a catastrophic oil spill in Alaska’s Prince William Sound when the Exxon Valdez oil tanker ran aground in 1989.