In 2006 corrosion in its pipelines led to a sizeable spill on Alaska's North Slope.
The North Slope of Alaska produces about 630, 000 barrels of oil a day about 9% of total U.S. output.
And take it from a gal who knows the North Slope of Alaska: We've got lots of both.
And there are companies other than BP that are up on the North Slope, so their jobs should not be affected.
Edward S. Itta served as the Mayor of the North Slope Borough of Alaska from 2005 to 2011.
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The rig had been working in the Beaufort Sea, off Alaska's North Slope.
After the pipeline was shut down, Alyeska ordered all North Slope producers to scale back production to 5% of normal levels.
Shell began work on its planned well in the Chukchi Sea, about 90 miles off the Alaskan North Slope, on Sunday.
Offshore oil production could help refill the pipeline just when the flow from the North Slope is projected to reach critical lows.
In the U.S., major federal industry partnerships have been formed in both the Gulf of Mexico and on the North Slope of Alaska.
Hence decades worth of hand-wringing over the Trans-Alaska Pipeline and the (current) closing of large areas of the North Slope to oil drilling.
It also announced plans to boost investment in the North Slope fields in Alaska after the Alaskan Legislature lowered taxes on the oil industry.
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The Gwich'in are united in their opposition to oil development, but neighboring Inupiat Eskimos on the North Slope are more divided on the issue.
North Slope producers are occasionally advised by Alyeska to prorate production, or reduce output proportionally, for example, when maintenance work is performed on the pipeline.
The company that operates the Trans Alaska Pipeline told operators on the North Slope to cut crude production by 95%, after discovering an oil leak.
Oil companies are currently reinjecting 8 billion cubic feet a day--13% of U.S. demand--to boost the production of oil in the North Slope of Alaska.
Oil companies are currently reinjecting 8 billion cubic feet a day 13% of U.S. demand to boost the production of oil in the North Slope of Alaska.
The most ambitious project is the 3, 600-mile Alaskan pipeline, which will run from the North Slope along the Alcan Highway through the Yukon and British Columbia.
"The coastal plain of the refuge is only a tiny fraction of the entire North Slope of Alaska, " he argued, waving his hand in a wide arc.
The 800-mile pipeline, owned by a BP PLC-led consortium, carries about 670, 000 barrels of oil a day 13% of U.S. production from Alaska's North Slope the length of the state to Port Valdez.
An estimated 85.4 trillion cubic feet of "undiscovered, technically recoverable gas" is frozen in the state's North Slope region, according to a U.S. Geological Survey study released by the Interior Department.
However, investors should also keep in mind that average prices for crude oil (Brent, WTI, Alaska North Slope) in Q4 2012, have generally remained in line with the previous quarters.
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The U.S. Geological Survey estimates more than 90 billion barrels of oil and nearly 1, 700 trillion cubic feet of natural gas may be recoverable by drilling in the North Slope area.
Herman Aishanna, an Inupiat supervisor for public works in Kaktovik village, told me that North Slope oil revenues are already declining, and new sources of tax money and jobs must be found.
In a big blow for Royal Dutch Shell, the Obama administration has blocked the drilling of exploratory wells in the Arctic Ocean off the North Slope of Alaska until 2011 at the earliest.
The North Slope natural gas hydrates make up 11.5 percent of the volume of gas within all other undiscovered, technically recoverable gas resources in the United States -- frozen or not, the USGS estimated.
He's a lifelong commercial fisherman ... a production operator in the oil fields of Alaska's North Slope ... a proud member of the United Steel Workers Union ... and world champion snow machine racer.
They also propose more pipelines to move natural gas into the lower 48 from Alaska's North Slope, and would move to hold down price increases that may be put in place by Western electricity providers.
Separately, in August, Alaska Gov. Sarah Palin, the former GOP vice presidential candidate, signed a bill allowing TransCanada Alaska to build a 1, 715-mile natural gas pipeline from the North Slope's Prudhoe Bay to Alberta, Canada.
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