"BP"

The announcements signal that businesses no longer see operation in Russia as a safe investment.

Four major oil companies are not taking concrete steps to live up to their pledges to transition to clean energy, new research has found.

Oil company Hilcorp has received the last regulatory approval in its deal to buy the Alaska assets once owned by BP.

A three-judge panel of the 9th Circuit Court of Appeals agreed with environmental groups, saying the agency’s review of drilling impacts was inadequate.

Supporters say Ballot Measure 1 would fix Alaska’s oil tax law and fill the state’s deficit. But those opposed argue it would lead to less investment in Alaska and jeopardize the state’s economy.

Gov. Dunleavy said improvements in technology and decreasing costs of renewable power “open up some new and tremendous possibilities for Alaska.”

In a statement late Sunday, BP confirmed its commitment to close the multi-billion dollar sale.

The company that runs the trans-Alaska pipeline announced a 10% cut to North Slope oil production Friday, amid a global oversupply of crude caused by the COVID-19 pandemic.

The City of Valdez is appealing a decision from the Regulatory Commission of Alaska, the state agency tasked with reviewing a critical piece of BP’s proposed $5.6 billion sale to Hilcorp.

More than 700 companies in Alaska want exemptions to a public health mandate that quarantined employees coming from out of state. But the state has so far refused to release companies’ plans publicly, even as municipal leaders press for access.