ConocoPhillips announced it intends to buy 21,000 acres from Caelus Natural Resources, which includes the Nuna oil discovery.
A proposal by Alaska Gov. Mike Dunleavy would strip the North Slope Borough of its power to collect nearly $400 million in property taxes from oil companies each year. The idea gets at a longstanding question: How much money from oil should stay in the North Slope, where it’s pumped from the ground?
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
ConocoPhillips announced today (Nov. 18) that it will move ahead with construction of a $900 million project in the North Slope's National Petroleum Reserve. And small independent companies collectively spent $9.5 million for the right to drill on state land on the North Slope.
Norwegian oil company Statoil said Tuesday (Nov. 17) that it will end exploration efforts in the Chukchi Sea and close its Anchorage office. The decision comes just two months after Shell ended its quest to drill in the Arctic Ocean, citing disappointing results at its first well. 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.
The US Army Corps of Engineers has granted a permit to ConocoPhillips Alaska that will give the company access to the National Petroleum Reserve-Alaska.
The ConocoPhillips liquid natural gas plant in Nikiski that was moth-balled last month has gotten a reprieve.
ConocoPhillips has extended operations at its Kenai liquefied natural gas plant until October to fill an additional order.
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The U.S. Environmental Protection Agency has released draft air quality permits necessary for exploratory drilling projects in Alaska's Arctic waters to proceed.
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Conoco-Phillips plans to split into upstream and downstream companies. That's a bit of a trend among oil giants.
Governor Parnell announced plans on Thursday to aggressively push oil development on state lands and waters including areas next to the Arctic National Wildlife Refuge and the National Petroleum Reserve Alaska.