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House urges Exxon Mobil to pay oil spill judgment

JUNEAU (AP) -- Spurred by the company's move to block the BP Amoco-Atlantic Richfield Co. deal, the House passed a resolution Tuesday urging Exxon Mobil Corp. to pay a massive court judgment stemming from the Exxon...
Alaska can join companies' defense of merger

...The state of Alaska can join the defense of the $30 billion merger between oil companies BP Amoco PLC and Atlantic Richfield Co., a federal judge ruled Tuesday. U.S. District Judge Susan Illston granted Alaska's request to enter...
Companies donate $4 million to university under agreement with state

...signed the agreement with the Knowles administration in 1999 in return for state approval of BP's plan to acquire Atlantic Richfield. Federal regulators balked at the buyout because it would have concentrated most of Alaska's North Slope oil...
Phillips lays keel for 3rd Millennium-class tanker the Oil Pollution Act of 1990, passed after the Exxon Valdez spill. The tankers were designed by the former Atlantic Richfield Co. They passed on to Phillips Alaska after its Oklahoma-based parent company Phillips Petroleum Co. bought...
Benefits of oil industry show in investments back to communities

...Charter for Development agreement was reached with the Knowles administration last fall, BP, through its takeover of Atlantic Richfield, was poised to become the majority owner of every producing oil field on the North Slope. The charter's nonbinding...
Revenue commissioner: Gas line would not be 'another Prudhoe'

...Therefore, the market value of Prudhoe gas is only a fraction of Prudhoe oil's. Prudhoe oil was a bonanza. As BP, Atlantic Richfield and Exxon developed the field and built the pipeline in the mid-1970s, an energy crisis gripped the United States...
Buying BP in Alaska would be a big bite for Apache Oil

...history in Alaska and is familiar with the state. It isn't widely known, but Shell made an aggressive offer for Atlantic Richfield Co.'s Alaska asset, Arco Alaska, before those were sold to Phillips Petroleum. According to sources familiar...
Independent drillers find opportunity at Prudhoe Bay

...peak 1.6 million barrels a day. For the three companies that owned almost the entire field -- BP, Exxon and Atlantic Richfield -- it was, for a time, the biggest and most valuable asset they owned. But visions of more giant fields stashed...
Lawmakers oppose merger

JUNEAU -- The Legislature's special committee on BP Amoco's proposed takeover of Atlantic Richfield Co. decided to oppose the deal Tuesday, nearly a week after the Federal Trade Commission voted to block it. The Special Joint...
Senator: Merger block threatens Alaska economy

ANCHORAGE -- The Federal Trade Commission's decision to block BP Amoco's proposed buyout of Atlantic Richfield Co. threatens to destroy Alaska's economy, Sen. Ted Stevens said Wednesday. Stevens questioned the handling of the proposed...


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