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Second major oil company abandons Arctic exploration

Environmental groups are hailing the announcement that Norwegian oil giant Statoil is giving up on its oil and gas exploration in the Arctic Ocean north of Alaska. The reaction of the state's elected...
BP reports 96 percent drop in 3Q profit

LONDON - Oil giant BP reported a 96-percent drop in third-quarter profit Tuesday and announced further efforts to curtail spending as it prepares...
Analysis: Pay now or later for gas pipeline?

...estimated to cost $45 billion to $65 billion.The state isn't planning to pay that whole sum. It has partners: oil giants BP, ConocoPhillips and ExxonMobil. Together, they're planning to pay for 75 percent of AKLNG.The remaining one-quarter...
State | AK legislature
My Turn: Our search for villains and heroes

...chorus of scientists and activists calling for an investigation by the Justice Department.As I wrote last week, the oil giant funded research which reportedly showed links between burning fossil fuels and the rise in global temperatures. However...
Drilling boom increases harmful spills

...pits seeped beneath a 6,000-acre cotton and nut farm near Bakersfield, California, and contaminated groundwater. Oil giant Aera Energy was ordered in 2009 to pay $9 million to grower Fred Starrh, who had to remove 2,000 acres from production...
Nation and World
Feds allow Shell to drill for oil in Arctic

...of Safety and Environmental Enforcement announced that it approved the permit to drill below the ocean floor after the oil giant brought in a required piece of equipment to stop a possible well blowout.The agency previously allowed Shell to begin...
With protest in Oregon over, Shell prepares for Arctic drilling

...ANCHORAGE - Hours after a repaired Shell icebreaker eased past protesters in Oregon to join an Arctic drilling operation, the oil giant used other vessels in its flotilla to begin excavating off the coast of Alaska in hopes of confirming the presence of...
Clinton distances from Obama on climate change

...last time they tried to do that should be a red flag for anybody," Clinton said, referring to a setback that beset the oil giant when it tried to drill there in 2012, including a rig that ran aground.In the early months of her campaign, Clinton...
Settlement of $211M reached in Gulf oil spill

...Wednesday with Transocean Ltd., owner of the ill-fated Deepwater Horizon drilling rig.In a separate development, oil giant BP - which leased the rig from Transocean - reached settlements resolving years of complicated spill-related litigation...
Not For Web
Lawmakers hold private gas project meetings

...natural gas could cost more than $65 billion and includes partnerships among the state, pipeline builder TransCanada and oil giants ExxonMobil, ConocoPhillips and BP. Selling the state's reserves of natural gas is considered crucial for an oil-dependent...


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