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…
Energy & Mining
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.
‘The first glance at what’s coming’: Oilfield service companies alert state of more than 250 layoffs in Alaska
Four oilfield service companies have alerted the state of sweeping layoffs at their North Slope operations as the coronavirus crushes demand for fuel, oil prices crash and drilling activity declines.
Supreme Court ruling could be setback for proposed mine near Haines
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As spill response enters third week, oil continues to make its way into Port Valdez
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BP says sale to Hilcorp is still on, but under revised terms
In a statement late Sunday, BP confirmed its commitment to close the multi-billion dollar sale.