Arctic

Exploration & Production

Alaska Forecast Predicts North Slope Oil Production To Continue Slide

Alaska North Slope oil production has slipped below 500,000 barrels per day and will decline further in coming years, according to the latest forecast released by the state Department of Revenue.

December 9, 2019

Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019

Exploration & Production , Legislation , Lease Sales

US Takes Major Step Toward Oil Drilling In Alaska Wildlife Refuge

The Trump administration on Sept. 12 took a major step toward opening Alaska's Arctic National Wildlife Refuge (ANWR) to oil drilling, drawing criticism from environmentalists and an effort by Democratic lawmakers to put the pristine wilderness area off limits to development.

September 12, 2019

Unconventional , Discoveries , Technology , Drilling

Exploring Riches Under The Arctic

While few parts of the Arctic are seeing an uptick in exploration activity, most countries are making slow progress.

September 9, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Sept. 6, 2019)

An Alaskan North Slope wildcat and Fieldwood drilling the first test well in the U.S. Gulf’s Green Canyon Block 200 top this week’s drilling activity highlights from around the world.

September 6, 2019

Business , Exploration & Production , Acquisitions & Divestitures , Trends

BP’s Alaska Exit Highlights Divergence Between Majors, Privates

The multibillion-dollar sale of BP’s Alaska business to Hilcorp illustrates the divergent strategies of the majors from private oil and gas players, analysts say.

September 6, 2019

Trends

A&D Transactions From The Week Of Sept. 4, 2019

Here’s a snapshot of energy deals from the past week including Hilcorp’s $5.6 billion acquisition of BP’s Alaska business and Riviera’s multimillion-dollar Hugoton exit.

September 4, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Aug. 30, 2019)

Another Powder River Basin discovery by Chesapeake and BP’s Mad Dog Field expansion in the U.S. Gulf top this week’s drilling activity highlights from around the world.

August 29, 2019

Trends

A&D Transactions From The Week Of Aug. 28, 2019

Here’s a snapshot of energy deals from the past week including the PDC and SRC Energy merger, which will create the second-largest D-J Basin producer, and Kinder Morgan’s $2.5 billion asset sale.

August 28, 2019

Business , Exploration & Production , Acquisitions & Divestitures

Hilcorp To Buy BP’s Alaska Business For $5.6 Billion

BP CEO Bob Dudley said the Alaska exit in no way represents a move away from the U.S. by the London-based oil major.

August 27, 2019