Shell may have given up on drilling off Alaska's coast, but federal regulators are now taking public comment on another -- though very different -- offshore drilling proposal. Download Audio
Hilcorp Alaska has applied to drill two additional oil and natural gas exploration wells southeast of Ninilchik in the Kenai Peninsula Borough.
Four people were safely evacuated from a drilling platform in Cook Inlet that caught fire Thursday morning. Download Audio
BP Alaska, a major player in the state's oil industry, is planning to lay off 275 employees and contractors early next year.
BP announced Tuesday it’s selling some of its assets on the North Slope. The company will sell to aging oil fields – Endicott and Northstar – to Hilcorp, a company that is developing oil and gas wells in Cook Inlet. Hilcorp will also buy a 50 percent interest in two other fields- Milne Point and Liberty. Download Audio
The energy company Hilcorp has announced another step toward finalizing its acquisition of Cook Inlet assets from Marathon. The transaction had been under investigation by the Federal Trade Commission, but that investigation has closed and the deal will move forward as South Central Alaska braces for a possible natural gas shortage in the coming years.
After concerns were raised about the safety of the Drift River storage facility located at the base of Mt. Redoubt, the energy company Hilcorp has started a project to ensure protection of the large oil tanks located there. But, the project first needed waivers from provisions of the Redoubt Bay Critical Habitat Management Plan.
Chevron plans to sell its holdings in Cook Inlet. They will be sold to Houston-based Hilcorp Alaska LLC.