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Anchorage Municipal Light and Power and Chugach Electric Association are looking to buy ConocoPhillips’ stake in the Beluga River Unit about 35 miles west of Anchorage.
Though crude is cheaper than during the financial crisis seven years ago, global oil prices haven’t fallen far enough yet to force oil producers to shut in more than 0.1 percent of the world’s daily supply.
ConocoPhillips, the No. 3 U.S. oil company, announced a quarterly loss on Thursday and said it is cutting its shareholder dividend by two thirds.
The shipment is among the first in a wave of liquefied natural gas projects that are coming online even as low oil prices have dragged down the value of natural gas on international markets.
Crude oil exports began at the very end of 2015 shortly after Congress voted to end the 40-year ban.
San Antonio-based NuStar Energy is loading the oil cargo on New Year’s Eve at its dock at the Port of Christi.
Company spokesman Jan-Erik Geirmo said the evacuees were taken to other oil fields as a precaution, and that 85 people remained on platforms in the Valhall field Thursday morning.
The two companies said they plan to finish loading the Eagle Ford crude cargo on Thursday at the Port of Corpus Christi.
The company had been searching for a buyer for its 50 percent share of the Polar Lights field in northwestern Russia for more than 18 months as output slumped and international sanctions made it harder for U.S. companies to operate in Russia.
The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of the week.