BP built its business on oil and gas, and climate change is taking it apart
One of the world's biggest oil and gas companies Tuesday mapped out how it plans to navigate the next decade by radically cutting back on its oil and gas business.
Energy
Industry trade groups appeal to Alaska Supreme Court to fight oil-tax ballot measure
The Resource Development Council and other groups argue that some petition signatures should be tossed out.
Judge dismisses lawsuit against ballot measure group seeking to raise oil taxes
Anchorage Superior Court Judge Thomas Matthews centered his decision on the constitutional rights of voters and the initiative process.
Salaries for signature gatherers debated in Alaska oil tax initiative lawsuit
The lawsuit could have big implications for future voter-driven initiatives in Alaska.
Hilcorp takes over BP’s North Slope oil production as $5.6 billion deal advances
Hilcorp Energy replaces BP as the operator of the Prudhoe Bay oil field.
In initial step, Alaska approves chunk of BP’s $5.6 billion deal with Hilcorp
The approval involves the transfer of BP Alaska's oil field interests to Hilcorp. But the deal is not fully complete.
A second virus wave again threatens U.S. oil demand
The resurgence of the virus in the three states with the biggest gasoline markets threatens to take American drivers off the road and stymie a remarkable recovery for oil.
Trump administration moves to make millions more acres available for oil and gas leasing in Alaska reserve
Conservation groups decried the move, saying the plan threatens prized areas in the National Petroleum Reserve-Alaska that were previously protected.
Upstream portion of BP Alaska sale to Hilcorp is on track for state approval
State regulators are continuing to evaluate Hilcorp’s financial wherewithal to take a large stake in the Trans-Alaska Pipeline System.
Hilcorp again is lone bidder in Cook Inlet oil and gas lease sale
The Alaska Division of Oil and Gas received three bids from the Houston-based producer, netting the state nearly $179,000 for 7,146 acres.
Oil exploration could leave decades-long scarring in Arctic National Wildlife Refuge, Alaska researchers report
But an official with a seismic exploration company that has proposed doing work in the refuge said modern technology prevents such damage.
ConocoPhillips to resume normal Alaska North Slope oil production in July
The company attributed the recent production cut to low prices and a global oversupply of oil.
Alaska court sides with proponents of oil tax ballot measure in dispute with state
The Superior Court judge determined that Lt. Gov. Kevin Meyer engaged in “partisan suasion.”
BP to cut 10,000 jobs worldwide as pandemic slams oil and gas industry
The changes are expected to significantly affect senior executive levels, cutting the number of group leaders by a third.
Alaska regulators fine Hilcorp $30K for oil meter violations on Kenai Peninsula
Hilcorp’s violation stems from an agreement in October under which the commission allowed use of new metering equipment but required the monthly performance reports.
EPA opts not to delay advance work on proposed Pebble mine for now
An Environmental Protection Agency official told the Army Corps of Engineers in Alaska that the agency still has serious concerns about the plan.
Change of course for proposed Pebble mine transportation corridor reignites access issues
The lead permitting agency changed the project’s transportation corridor from a southerly route across Iliamna Lake to one along the lake’s northern shore.
Trans-Alaska pipeline operator ends cut to North Slope oil production
The cut, prompted by demand concerns, peaked at 75,000 barrels of oil daily.
Alaska LNG project gets federal approval. The next step is to find investors.
Other state and federal permits would be needed before construction could begin on the project, which has already cost more than $500 million.
As oil demand begins to recover, Alyeska Pipeline to ease up on North Slope production cut
But ConocoPhillips is still sticking to its plan for a 100,000-barrel-per-day cut in June.