Hilcorp Energy Company will take over BP Alaska’s oil and gas leases within Point Thomson, Milne Point and the massive Prudhoe Bay oil field. The transfer is expected to happen around midnight, and marks the close of a major part of the $5.6 billion deal first announced by the oil companies last August.
Opening millions of acres in the National Petroleum Reserve-Alaska is a move blasted by environmental groups and praised by Alaska’s governor and other state and federal officials
The theme highlights “the challenges and opportunities the Native community and all Alaskans face, including responding to and recovering from the pandemic and resulting economic downturn.”
Judge William Morse sided with the backers of the initiative and wrote in an 18-page order that the summary provided by Lt. Gov. Kevin Meyer was not impartial, as required by state law.
The coronavirus pandemic has forced companies to do business differently and, in some cases, monitor their employees’ health closer than ever.
The increase was driven by seven new cases in the Kenai Peninsula Borough. There also were four in Anchorage, one in Juneau and the first case in the North Slope Borough.
A resident from the North Slope Borough has tested positive for COVID-19. This is the first positive case in the region.
The operator of the trans-Alaska pipeline is allowing oil companies to send more crude from the North Slope to Valdez as demand creeps back and economies reopen.
The pilot of a charter plane is dead after crashing near Teshekpuk Lake southeast of Utqiagvik Thursday night.
As oil and gas company BP presses ahead with the sale of its Alaska business to privately-held Hilcorp, questions loom around how low oil prices are impacting the deal. On Monday, the companies released answers to a state agency that’s scrutinizing a key piece of the transaction, but with a catch: The companies and their…