1 May 2008
US: BP and ConocoPhillips in Alaska pipeline deal
SUPERMAJORS BP and ConocoPhillips have joined forces to build Denali, the Alaska gas pipeline that they say will be the largest private-sector construction project built in North America. The new line will pipe 4bn cubic feet a day of gas to markets in the lower 48 states and should extend the life of BP's North Slope gasfields for another 50 years, according to firm's chief executive, Tony Hayward. The companies will spend $0.6bn on the pipeline's first phase. That will involve construction of a gas-treatment plant on Alaska's North Slope and a large-diameter pipeline stretching 700 miles across Alaska, Canada's Yukon Territory and the provinces of British Columbia and Alberta. "Should it b
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
