Hilcorp
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The $1-billion carbon capture project in Texas is revived after a 3-year hiatus. -
The future of the heavy-oil business in Alaska looks more promising than ever after a 2-year pilot delivers technical and economic success.
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The deal follows BP’s divestment of its global petrochemicals business in late June.
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The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips.
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The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore.
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Well fires look all consuming, but proving they burn all the oil without leaving a spill behind required the efforts of Boots Coots plus a rocket scientist and a lot of high powered computer equipment.
