The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System (TAPS) through the Alyeska Pipeline Service Company.[1]
The Alaska corporation commonly known as Alyeska Pipeline Company was founded in 1970 to design, construct, operate and maintain a pipeline to transport oil from the fields on the North Slope of Alaska where oil was discovered in 1968 to an ice-free deep-water port in Valdez, Alaska. The pipeline was built between March 1975 and June 1977, running from the North Slope fields at Prudhoe Bay to the Marine Terminal at Valdez on Prince William Sound. Alyeska then went on to operate and maintain TAPS. The first oil flowed into the pipeline on June 20, 1977, and the first tanker load departed from Valdez on August 1, 1977.
Totem Marine Tug & Barge, Inc. v. Alyeska Pipeline Service Co. was argued before the Alaska Supreme Court in 1978.
The Alyeska Pipeline Service Company was partially responsible for helping to respond to the Exxon Valdez oil spill. However, Alyeska Pipeline was unprepared for the events, and consequently slow to respond with cleanup crews and equipment.[2] Additionally, shortly before the Exxon Valdez spill, Alyeska had persuaded the Coast Guard that some safety equipment was not necessary on tankers---equipment that may have reduced the scale of the Exxon Valdez disaster. September 2017 Alyeska had another spill due to a mix up of piping by long time employees, and dispensed anywhere from 9.5 to 38 barrels of product into the narrows of Valdez.
The thirty-year TAPS State and Federal land leases were due to expire in 2004. The State Lease was renewed for another thirty years on November 26, 2002, and a matching Federal Record of Decision for Right-of-Way was signed on January 8, 2003.
In 2019, it was announced that BP would be selling its shares in Alyeska to Houston-based Hilcorp.[3]
Organizationedit
The major owner of the company is Hilcorp with 46.93% of the shares dating from the acquisition of BP. The other group members are ConocoPhillips Transportation (shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC[4]) (28.29%), ExxonMobil (20.34%), Koch Alaska Pipeline Company (3.08%), and Unocal (1.36%). The government responsibility in regulating TAPS is managed through the Joint Pipeline Office (, JPO), a consortium of thirteen federal and state agencies under the Department of the Interior.
The corporation is named after an Aleut word meaning "mainland". It is headquartered in Anchorage and has around 900 employees.
Referencesedit
^"Division of Corporations, Business & Professional Licensing". Archived from the original on 2012-12-24. Retrieved 2008-11-27.
^Ferrell, O. C., Fraedrich, J., & Ferrell. (2014). Business Ethics: Ethical Decision Making & Cases (10 edition). Stamford, CT, USA: South-Western College Pub. (p. 425-426)
^"Getting Inside the Trans-Alaska Pipeline". 19 September 2019.
^(PDF). Archived from the original (PDF) on 2009-01-20. Retrieved 2009-02-11.{{cite web}}: CS1 maint: archived copy as title (link)
External linksedit
Alyeska Pipeline Service Company website
January 01, 1970
alyeska, pipeline, service, company, alyeska, consortium, refers, major, companies, that, operate, trans, alaska, pipeline, system, taps, through, industrypipeline, transportfounded1970headquartersanchorage, alaska, united, stateswebsitealyeska, pipe, contents. The Alyeska consortium refers to the major oil companies that own and operate the Trans Alaska Pipeline System TAPS through the Alyeska Pipeline Service Company 1 Alyeska Pipeline Service CompanyIndustryPipeline transportFounded1970HeadquartersAnchorage Alaska United StatesWebsitealyeska pipe wbr com Contents 1 History 2 Organization 3 References 4 External linksHistory editThe Alaska corporation commonly known as Alyeska Pipeline Company was founded in 1970 to design construct operate and maintain a pipeline to transport oil from the fields on the North Slope of Alaska where oil was discovered in 1968 to an ice free deep water port in Valdez Alaska The pipeline was built between March 1975 and June 1977 running from the North Slope fields at Prudhoe Bay to the Marine Terminal at Valdez on Prince William Sound Alyeska then went on to operate and maintain TAPS The first oil flowed into the pipeline on June 20 1977 and the first tanker load departed from Valdez on August 1 1977 Totem Marine Tug amp Barge Inc v Alyeska Pipeline Service Co was argued before the Alaska Supreme Court in 1978 The Alyeska Pipeline Service Company was partially responsible for helping to respond to the Exxon Valdez oil spill However Alyeska Pipeline was unprepared for the events and consequently slow to respond with cleanup crews and equipment 2 Additionally shortly before the Exxon Valdez spill Alyeska had persuaded the Coast Guard that some safety equipment was not necessary on tankers equipment that may have reduced the scale of the Exxon Valdez disaster September 2017 Alyeska had another spill due to a mix up of piping by long time employees and dispensed anywhere from 9 5 to 38 barrels of product into the narrows of Valdez The thirty year TAPS State and Federal land leases were due to expire in 2004 The State Lease was renewed for another thirty years on November 26 2002 and a matching Federal Record of Decision for Right of Way was signed on January 8 2003 In 2019 it was announced that BP would be selling its shares in Alyeska to Houston based Hilcorp 3 Organization editThe major owner of the company is Hilcorp with 46 93 of the shares dating from the acquisition of BP The other group members are ConocoPhillips Transportation shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC 4 28 29 ExxonMobil 20 34 Koch Alaska Pipeline Company 3 08 and Unocal 1 36 The government responsibility in regulating TAPS is managed through the Joint Pipeline Office 1 JPO a consortium of thirteen federal and state agencies under the Department of the Interior The corporation is named after an Aleut word meaning mainland It is headquartered in Anchorage and has around 900 employees References edit Division of Corporations Business amp Professional Licensing Archived from the original on 2012 12 24 Retrieved 2008 11 27 Ferrell O C Fraedrich J amp Ferrell 2014 Business Ethics Ethical Decision Making amp Cases 10 edition Stamford CT USA South Western College Pub p 425 426 Getting Inside the Trans Alaska Pipeline 19 September 2019 Archived copy PDF Archived from the original PDF on 2009 01 20 Retrieved 2009 02 11 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link External links editAlyeska Pipeline Service Company website Retrieved from https en wikipedia org w index php title Alyeska Pipeline Service Company amp oldid 1217432682, wikipedia, wiki, book, books, library,
