ConocoPhillips says it will cut oil production in Alaska by about 100,000 barrels per day for the month of June. That’s about half of Conoco’s daily production in the state, and roughly a fifth of the crude that typically flows down the trans-Alaska pipeline.
North Slope
‘The first glance at what’s coming’: Oilfield service companies alert state of more than 250 layoffs in Alaska
Four oilfield service companies have alerted the state of sweeping layoffs at their North Slope operations as the coronavirus crushes demand for fuel, oil prices crash and drilling activity declines.
BP says sale to Hilcorp is still on, but under revised terms
In a statement late Sunday, BP confirmed its commitment to close the multi-billion dollar sale.
Alyeska imposes 10% cut to North Slope production as COVID-19 hammers oil demand
The company that runs the trans-Alaska pipeline announced a 10% cut to North Slope oil production Friday, amid a global oversupply of crude caused by the COVID-19 pandemic.
Oil prices fell to a historic low Monday. Here’s what that means for Alaska.
While crude prices have continued to plummet in recent weeks, and oil companies have announced spending cuts, Monday’s price meltdown for the Lower 48 benchmark was particularly staggering.
North Slope Borough backs out of deal with Ravn, reaffirms right to commandeer assets in emergency
The North Slope Borough is backing out of a tentative deal to rent RavnAir Group’s Utqiaġvik hangar and is reasserting its right to use Ravn’s assets to support air service to its communities during the coronavirus emergency.