BP's exit from Alaska was rumored long before it was officially announced on Tuesday. But that's not the only reason the company's $5.6 billion deal with Hilcorp is far from surprising, experts and industry insiders said.
One of Alaska's "Big Three" oil companies is stepping away from its major role in the state. BP is leaving its position as the company that oversees Prudhoe Bay.
The state and its three oil company partners - ExxonMobil, BP and ConocoPhillips -- voted unanimously late Thursday afternoon to continue work on the project, which aims to bring natural gas from the North Slope to the Kenai Peninsula for export. Download Audio
Gov. Bill Walker has pulled a controversial reserves tax from consideration during the legislature’s special session, after receiving assurances from the state’s partners in the Alaska LNG project that should any one company pull out, it would not withhold its gas from the project.
Lawmakers are heading to Juneau to discuss the Alaska LNG project - a so-called "gigaproject" with a price tag of $45-$65 billion. But if you're like a lot of Alaskans, you might be a little fuzzy on the details. So we break it down. Download Audio
Lawmakers have been expecting a special session on the state's proposed $55-billion gas pipeline project. But when Gov. Bill Walker called the session, it came with a surprise - a proposed tax on natural gas reserves held by the very companies the state is trying to partner with.
A giant drilling rig is completely blocking one of the main roads near Prudhoe Bay.
BP has had another spill on the North Slope. Liquids squirted out of a conduit under a road during a pressure test at the Lisburne field.
Rep. Young Missing from Washington as Congress Nears Debt Limit Deadline, Two Fort Wainwright-based Soldiers Killed in Afghanistan, BP Cleaning Up Oil Spill on North Slope, Convicted Poacher Sentenced on Probation Violation, and more...
The Trans Alaska Pipeline was shut down for maintenance over the weekend, and during pressure testing a valve blew where it runs under a road at BP's Lisburne field.
Friday, July 15 at 2:00pm on KSKA 91.1FM and 7:30pm on KAKM, Channel 7 television Dan Sullivan has gone to court over the Knik Arm Crossing; AHFC did a study of the proposed bullet line bringing gas from the North Slope to Southcentral; "BP Ordered to send Feds $25 million"...
British Ambassador Sir Nigel Sheinwald is visiting Alaska for the first time, and he has a lot on his plate.
Copies of Palin’s Emails Will Be Available to Public, British Ambassador Takes First Trip to Alaska, DOD releases IDs of soldiers killed in Afghanistan, Mountain Sickness Keeps Ranger Patrol Busy, and more...
Lori Townsend, APRN – Anchorage BP announced today that it’s selling $7 billion in oil field assets to Houston based Apache Corporation. But the...