What the world needs now: oil & gas. Pipeline Pandemonium. AK Economy on Ballot.

In News by wp_sysadmin

News of the Day:      Exploration’s future in a low-cost, low-carbon worldAndrew Lathan & Adam Wilson, Wood Mackenzie, July 1, 2020 The world will rely on oil and gas for much of its energy needs until well beyond 2040. Exploration will be critical in meeting this future demand. Yet exploration is widely perceived as discretionary, even unwarranted. Read on to … read more

Thursday’s Friday Fact Check: Paskvan Peddles Petroleum Prevarications.

In News by wp_sysadmin

If Alaska were just like Texas… Prevarication:  when someone tells a lie, especially in a sneaky way. In what can only be described as an effort to mislead Alaskans, former Senator Joe Paskvan has penned yet another opinion piece about the upcoming oil tax initiative- with an interesting new twist – if only Alaska was like Texas. A few things … read more

Hilcorp assumes management of Prudhoe Bay; Conoco restoring production.

In News by wp_sysadmin

OIL Hilcorp takes over BP’s North Slope oil production as $5.6 billion deal advancesAlex DeMarban, Anchorage Daily News, July 1, 2020 Hilcorp Energy has assumed management of the Prudhoe Bay oil field, marking the end of an era for BP oil production in Alaska and vaulting the smaller company into a position as the state’s second-largest oil producer, the companies … read more