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(Bill Montgomery/Houston Chronicle)

Oil companies lose trans-Alaska pipeline case

The ruling states that the project to update four pump stations and control systems along the 800-mile line, known as Strategic Reconfigurations, was “imprudently” managed.

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.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Statoil to exit Arctic leases north of Alaska

Statoil’s announcement comes two months after Royal Dutch Shell announced it would abandon its $7 billion Arctic drilling efforts in a neighboring part of the Chukchi Sea north of Alaska, after drilling a dry hole.
Shell Oil President Marvin Odum, center, speaks at the University of Houston energy symposium, "Carbon tax: Is it the right time?" on Tuesday, Nov. 10, 2015. ( Karen Warren / Houston Chronicle )

Shell Oil Co. president touts carbon tax over piecemeal regulations

A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum said Tuesday at a University of Houston energy symposium on “Carbon Tax: Is It the Right Time?”

State Sen. Cathy Giessel, right, speaks on the floor of the Alaska Senate during debate on a bill to authorize the buyout of one of the state's partners in a proposed gas project, Tuesday, Nov. 3, 2015, in Juneau, Alaska. The bill passed the Senate 16-3. (AP Photo/Becky Bohrer)

Alaska Senate approves TransCanada buyout bill

The Alaska Senate on Tuesday approved legislation that would give the state a greater share in a proposed liquefied natural gas project by buying out one of the project’s partners.
Jack-Up Rig model by China National Petroleum Corporation is on display during the OTC at Reliant Center on Wednesday, May 8, 2013, in Houston. ( Mayra Beltran / Houston Chronicle )

ConocoPhillips to exit deep-water exploration by 2017

It is part of the company’s plan to sell $1 billion to $2 billion assets a year as it braces for lower oil prices.
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Gas reserves tax from Alaska special session agenda

The decision came after Gov. Bill Walker received written assurances from BP and ConocoPhillips Alaska that they would be willing to commit to make their gas available to a gas project if they are not participating.
(AP Photo/Lisa Poole, File)

Phillips 66 names new CFO

Phillips 66 Vice President of Investor Relations Kevin Mitchell, 49, will become the executive vice president of finance and CFO on Jan. 1 after Maxwell steps down, Phillips 66 said Friday in a filing with the U.S. Securities and Exchange Commission.

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.

Phillips 66 grows in Texas, Louisiana to feed refineries

Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.