Ten Years of Fiscal Stability with SB21
In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?
Tag: Hilcorp
Hilcorp Completes $1B Purchase of Eni’s North Slope Assets
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
Hilcorp Partners with Japanese Firms to Study Carbon Sequestration
Hilcorp Alaska signed an agreement with two Japanese corporations to study the feasibility of storing carbon dioxide emissions from Japan in underground reservoirs in Alaska.
$8M from Combined State Slope, Inlet Lease Sales
Area-wide lease sales for the North Slope and Cook Inlet brought an estimated $8 million to the State of Alaska, an increase over last year but not the major bump that new Inlet royalty terms were supposed to stimulate.
North Slope Gas to Heat Interior Alaska
There’s now a plan to transport stranded North Slope gas to another market, with the bonus of providing affordable heat to the Interior.
Hilcorp the Sole Bidder in State and Federal Cook Inlet Lease Sales
The only bidder in the December 30 Cook Inlet lease sales was Hilcorp, buying leases on six state tracts and one in federal waters.
Growing Interest in North Slope Lease Sale
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.
AOGA Names Winners of Annual Industry Awards
The industry group is honoring Alyeska Pipeline Service Company, a rising star in its ranks, a retiring executive of Hilcorp, and NANA Management Services.
Sustainable Energy: Easier Said than Done
Speakers at the Alaska Sustainable Energy Conference envision great potential for renewable sources—but not for the next couple of decades.
BP Leaves Big Shoes to Fill
The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.