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Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope.It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3) of oil. [1]
Alaska headquarters of BP in Anchorage. In February 1969, before the SS Manhattan had even sailed from its East Coast starting point, the Trans-Alaska Pipeline System (TAPS), an unincorporated joint group created by ARCO, British Petroleum, and Humble Oil in October 1968, [24] asked for permission from the United States Department of the Interior to begin geological and engineering studies of ...
Executive Chairman of L1 Energy, Past President of the Royal Academy of Engineering, Author, Member of the House of Lords. Edmund John Phillip Browne, Baron Browne of Madingley, FRS, FREng, FGS [ 1] (born 20 February 1948), is a British businessman. He is best known for his role as the chief executive of the energy company BP between 1995 and 2007.
Even as its plans to keep 2014 capital spending flat at roughly $24-$25 billion, BP plans to significantly increase its capital investment in Alaska this year. Why is the British oil giant ...
The major owner of the company is Hilcorp with 46.93% of the shares dating from the acquisition of BP.The other group members are ConocoPhillips Transportation (shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC) (28.29%), ExxonMobil (20.34%), Koch Alaska Pipeline Company (3.08%), and Unocal (1.36%).
Apr. 21—A 14-floor building that was once the heart of the oil industry in Anchorage now sits largely empty, two years after oil giant BP sold its assets to Hilcorp Alaska and left the state.
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