BP on April 29 announced its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013.
BP on April 22 announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp.
Alaska sued the Obama administration over its rejection of an oil and gas exploration plan for the Arctic National Wildlife Refuge as the state seeks to determine the extent of energy resources in the area, Bloomberg reported on March 15.
Gov. Sean Parnell on January 10 announced a new way forward on a long-hoped-for natural gas pipeline that includes scrapping the terms of a 2007 law he says no longer works well for the situation, AP has reported.
ExxonMobil’s Point Thomson project successfully completed a number of infrastructure milestones during the summer as part of an ongoing commitment to Alaska’s energy future.