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In a rare feat, oil production on Alaska’s North Slope increased slightly in 2022. The giant oil patch has seen dwindling production for decades, with its primary field at Prudhoe Bay aging. But the Slope remains a key part of Alaska’s economy. Industry observers said the annual increase is a positive sign, though it doesn’t meaningfully change the long-term slide in Alaska ....
The top oil producer in Alaska reported a sharp jump in quarterly profits at the start of the year, as the Russia invasion of Ukraine has boosted oil prices. ConocoPhillips Alaska on Thursday said it took home $584 million in its Alaska operations, about 29% higher than its net earnings in the final three months of last year. Oil prices for North Slope crude shot above $100 a ....
At least in terms of its books, ConocoPhillips pulled out of the pandemic in a big way last year. The Houston-based producer on Thursday posted full-year 2021 earnings of nearly $8.1 billion companywide and approximately $1.4 billion in Alaska. ConocoPhillips netted $2.6 billion in the fourth quarter overall and $451 million from its work on the North Slope. Its tax and ....
Oil patch insider: Narwhal output 1,600 bopd, GMT-2 at 10,000 boepd - January 16, 2022 petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.