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BP to sell Alaska business to Hilcorp for $5.6B

Green Car Congress

BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s

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Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

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The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. California. 1,000-1,200. Pennsylvania. West Virginia. Wyoming. **.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Obama Administration Opens Up Oil and Gas Development and Exploration in Gulf of Mexico, Atlantic and Arctic

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The Obama Administration will expand oil and gas development and exploration on the US Outer Continental Shelf, while protecting fisheries, tourism, and places off US coasts that it says are not appropriate for development. And the only way this transition will succeed is if it strengthens our economy in the short term and the long term.

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15 Air Carriers Sign Non-Binding MOUs on Synthetic Jet Fuel Purchases with Two Providers: AltAir and RenTech

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A core group of 15 commercial airlines has signed non-binding memoranda of understanding (MOUs) for negotiating purchases from two different producers of synthetic jet fuel: AltAir Fuels LLC and RenTech Inc. AltAir Fuels LLC was formed in 2008 to develop projects for the production of jet fuel from renewable and sustainable oils.

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Five Dead, Two In Critical Condition From Fire at Tesoro Refinery

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In 1998, it purchased the Anacortes Refinery from Shell. With a total crude-oil capacity of some 120,000 barrels per day, the refinery primarily supplies gasoline, jet fuel and diesel to markets in Washington and Oregon, and manufactures heavy fuel oils, liquefied petroleum gas and asphalt. compared with Europe’s at 6.5.

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Alaska Airlines to be Gevo’s commercial launch partner for renewable alcohol-based jet fuel

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Gevo has signed a strategic alliance agreement with Alaska Airlines to purchase Gevo’s renewable jet fuel and fly the first commercial flight on alcohol-to-jet fuel (ATJ). Alaska Airlines was the first US airline to fly multiple commercial passenger flights using a biofuel from used cooking oil. Earlier post.).

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