Business

Hilcorp, BP want many of their answers to state regulators’ questions kept confidential

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…

ConocoPhillips to cut Alaska oil production by 100,000 barrels per day

ConocoPhillips says it will cut oil production in Alaska by about 100,000 barrels per day for the month of June. That’s about half of Conoco’s daily production in the state, and roughly a fifth of the crude that typically flows down the trans-Alaska pipeline.

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