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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
