BP considers flying oil workers from Lower 48 directly to North Slope to limit COVID-19 spread
BP is also extending shifts, like other oil and mining companies.
Energy
Part of ‘The Beast,’ ConocoPhillips’ massive drilling rig, slides off Alaska North Slope road
There were no pipeline leaks or injuries, and it could be moving again soon, officials said.
Public comments on revising Alaska oil spill response range from status quo to modernization
Many questioned why the state would open the regulations to possible changes given the reliance on marine resources and the relative lack of large spills in the state since the Exxon Valdez in 1989.
Coronavirus causes ConocoPhillips to temporarily cancel flights for workers to North Slope fields
The oil company will ask critical workers currently in the fields to remain for an extra two weeks. It’s part of a larger effort to keep the virus out of Alaska’s remote work camps.
ConocoPhillips, Oil Search cutting Alaska spending by $270M
ConocoPhillips and Oil Search announced that they will be scaling back their North Slope operations in response to the collapsed global oil market.
U.S. energy secretary: ‘Topping off’ reserve with U.S. purchases signals confidence in industry
President Trump’s push to refill the country’s oil reserves is intended to reassure domestic producers at a time when collapsed prices are straining the industry.
Oil price war could cost Alaska hundreds of millions in revenue
Without a Permanent Fund dividend, the governor’s budget originally had a roughly $430 million general fund surplus, but that has all but evaporated.
State allows Hilcorp to keep finances from public view as it seeks to buy BP’s Alaska assets
A dissenting regulator said public scrutiny of a major oil field sale will now be based on speculation.
Hilcorp’s $5.6B Alaska deal draws close look by credit rating agencies
Moody’s and Standard & Poor’s have raised concerns, though they say Hilcorp has done well so far.
Hundreds of BP Alaska employees begin to move on, with a mix of feelings from ‘bittersweet’ to ‘ecstatic’
For some, the sale to Hilcorp means moving Outside. For others, it means an early retirement.
OPEC+ talks collapse threatening Russia-Saudi oil alliance
Oil fell more than 9% after Russia refused to bend to the will of Saudi Arabia, whose high-stakes gamble took the group to breaking point.
Federal agency completes environmental review of Alaska LNG Project
The roughly $40 billion North Slope natural gas pipeline and export project is now a major step closer to securing a key federal license.
UBS bank won’t finance new offshore Arctic oil and gas projects
The Swiss bank joins four major U.S. banks that have announced restrictions in Arctic lending in recent weeks.
‘Historic’ legislation enhancing the Alaska Railbelt electrical grid moves forward
The legislation is intended to better integrate six utilities and provide a consistent path for renewable power producers to access the regional transmission system.
Wells Fargo joins megabank peers in announcing it’s ending Arctic oil investment
The bank specifically named the Arctic National Wildlife Refuge as an area where it won’t support project financing.
Effort to raise Alaska oil taxes hits signature threshold to appear on ballot
The state is still reviewing remaining signatures, but the minimum number has been met, an official said.
Alaska Gasline Development Corp. board appoints longtime vice president to top spot
Frank Richards will replace Interim AGCD President Joe Dubler, who announced his retirement Feb. 20.
Future of BP building in Midtown Anchorage unclear after Hilcorp says it won’t move in
A top Hilcorp official said it will still take over the lease for the 15-floor building from BP.
Dunleavy administration considers hitting back after JPMorgan’s ‘anti-Alaskan’ move to halt Arctic oil investment
The bank’s announcement sparked concern from some in the oil industry and strong reactions from state leaders, including one who cut up his Chase credit card.
BP pulls out of regional oil trade organization over differences on carbon pricing, fuel standard
The move that comes after the company vowed to reach net-zero carbon emissions by 2050.