Tegan Hanlon, Alaska's Energy Desk - Anchorage

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pipeline

Alyeska ends its cut to North Slope oil production as demand improves

Storage concerns had driven the company to cut oil flow down the trans-Alaska pipeline by as much as 15% earlier this month.

In the time of social distancing, Alaska holds its first online oil and gas lease sale

It’s a new way of doing business for the state department that has long relied on in-person auctions and sealed bids.

Trans-Alaska pipeline operator increases oil flow, demand creeps back

Demand for oil is starting to creep back as the economy reopens, and oil producers globally have made major cutbacks to production.

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

The companies are petitioning the Regulatory Commission of Alaska to keep a list of documents and other information confidential, including details about whether the recent turmoil in the industry has impacted Hilcorp’s ability to pay for the $5.6 billion deal.

ConocoPhillips to cut its Alaska oil production in half due to ‘unacceptably low’ prices

Conoco will cut oil production in Alaska by about 100,000 barrels per day for the month of June. That's about 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

Across the country, companies that provide oilfield services and equipment are cutting jobs and bracing for bankruptcy as the pandemic launches the oil and gas industry into a tailspin.

BP says sale to Hilcorp is still on, but under revised terms

The oil and gas giant says it expects the deal to close in June.
A pipeline stretching toward a sunset

Oil prices fell to a historic low Monday. Here’s what that means for Alaska.

While crude prices have continued to plummet in recent weeks, and oil companies have announced spending cuts, Monday’s price meltdown was particularly staggering.

ConocoPhillips cuts spending in Alaska by another $200M as oil prices sink

ConocoPhillips said Thursday that it will cut capital spending in Alaska by another $200 million as demand plummets and oil prices tumble to an 18-year low. That’s on top of a $200 million reduction the oil giant announced last month.

Valdez challenges RCA’s decision to keep Hilcorp finances confidential

The City of Valdez is taking a fight to have Hilcorp reveal its finances to state Superior Court in Anchorage.
Supporters of Vote Yes for Alaska's Fair Share stand in front of a yellow banner.

Industry trade groups sue backers of Alaska oil tax initiative, argue signatures invalid

The industry groups claim that some signature gatherers were paid more than $1 per signature, in violation of state law. But supporters of the initiative ardently deny the allegations, calling them baseless.

BP’s sale of its Alaska business is in jeopardy, The Wall Street Journal reports

Banks have balked at financing the $5.6 billion deal, the newspaper reported on Thursday.
An aerial view of one of the exploration pads and wells that ConocoPhillips drilled during the 2018 exploration season at its Willow prospect.

ConocoPhillips shuts down North Slope drilling over coronavirus concerns

The impacts of the coronavirus continue to reverberate across Alaska, including its oil fields.

State medical officer encourages Alaskans to wear homemade masks

The number of Alaskans diagnosed with COVID-19 had grown to 147, up from 143 cases a day earlier.

Prudhoe Bay worker tests positive for COVID-19, BP says

The worker is an Alaska resident who had traveled out of state, according to Alaska's health commissioner.

Wristbands, longer shifts, fever checks: How Alaska oil companies are responding to the global pandemic

While work is continuing on Alaska’s remote North Slope, oil and gas companies say it’s not business as usual. They’re taking new precautions to keep the virus away.

Switch from BP’s corporate giving model to Hilcorp’s employee contributions could be ‘a bucket of cold water’ for nonprofits

Hilcorp’s philanthropic strategy is more about individual employee giving than corporate sponsorship. And, a national expert says, that’ll diffuse the giving and make it harder to predict — at least at first.
Supporters of Vote Yes for Alaska's Fair Share stand in front of a yellow banner.

Alaska oil tax initiative has enough valid signatures to appear on ballot, election officials say

When the initiative would appear on a ballot depends on when the Alaska Legislature wraps up its work.

As it prepares to exit the state, BP donates nonprofit meeting space in Anchorage to community foundation

The Alaska Community Foundation says it will maintain the energy center as a free meeting space for at least the next 20 years.