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(AP file photo/Marco Garci)

Tesoro buying assets in Alaska

San Antonio-based refiner Tesoro said it’s buying all of Flint Hills’ wholesale fuel marketing contracts in Alaska, along with a terminal in Anchorage with 580,000 barrels of storage, a truck rack and rail-loading capability.
(Kristian Helgesen/Bloomberg)

Statoil sees more Norway oil exploration cuts amid Arctic halt

Norway’s biggest oil explorer and producer is set to drill 16 wells in the country as an operator in 2015, down from 21 last year.

ConocoPhillips approves $900 million Arctic reserve project

The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell CEO: “We have to live within our means”

The oil bust has forced Shell and its rivals to recalibrate the timing and affordability of projects around the world.

ConocoPhillips wins drilling permit for project in Alaska’s petroleum reserve

The company first applied to produce oil from its Greater Mooses Tooth site in Alaska 13 years ago.
(Bureau of Safety and Environmental Enforcement)

Shell abandons Arctic oil quest after $7 billion bid yields ‘disappointing’ results

After failing to find commercially viable quantities of oil and gas at its Chukchi Sea well, Shell said it will halt exploring U.S. Arctic waters and could take a $4.1 billion write down.
Jed Hamilton and Kevin Harun take part in the University of Houston 2015-2016 Energy Symposium.  (Craig H. Hartley/For the Chronicle)

Exxon Mobil official promotes Arctic exploration

“If the U.S. stands in the background, Russia will move forward, and things won’t be as good as they could be if the U.S. had a seat at the table in the Arctic,” said Jed Hamilton, senior Arctic consultant at Exxon Mobil Upstream Research Company.
Northstar Island, an artificial island in the Beaufort Sea north of Alaska, is a site of oil and gas drilling. (U.S. Department of the Interior)

Feds to review Hilcorp’s plan for manmade island in Arctic

Although other gravel islands have been built in the Beaufort Sea, Hilcorp’s proposed Liberty project would be the first oil production facility located entirely in federal waters off the Alaska coast.
President Barack Obama waves from the top of the steps of Air Force One at Andrews Air Force Base in Maryland on Monday, Aug. 31, 2015, before departing to Alaska. Obama is traveling on a three-day trip to Alaska aimed at showing solidarity with a state often overlooked by Washington, while using its glorious but changing landscape as an urgent call to action on climate change. (AP Photo/Susan Walsh)

Obama on defense as he heads to Alaska

Environmentalists say there is a clash between Shell’s exploratory oil drilling in the Chukchi Sea and Obama’s visit to survey shrinking glaciers and speak with coastal residents worried about rising seas.

This July 30, 2014 photo shows Margerie Glacier, one of many glaciers that make up Alaska's Glacier Bay National Park. With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. (AP Photo/Kathy Matheson)

In Alaska, Obama to walk fine line on climate change, energy

The unambiguous goal of the president’s trip is to use dramatic and alarming changes to Alaska’s climate to instill fresh urgency into his global warming agenda.