INSIDE ALASKA BUSINESS.

Hilcorp

Now that Hilcorp has taken BP's place in Alaska, the Texas-based company is absorbing ExxonMobil's operations at the Point Thomson natural gas field. ExxonMobil will continue to own 62 percent of the North Slope field, which started producing gas liquids in 2016, but Hilcorp will become the operator, pending regulatory approval in early 2022. Hilcorp owns 37 percent of Point Thomson as part of the $5.6 billion purchase of BP's Alaska assets in 2020. An ExxonMobil spokesman says thirty-eight of the company's employees will either be reassigned outside Alaska or interview for new jobs with Hilcorp, hilcorp.com

AGDC

Slow down global warming by sending North Slope natural gas overseas: that's the sales pitch from the Alaska Gasline Development Corporation (AGDC), based on a new report. The state-backed firm hired experts from EXP, SLR Consulting, and Ashworth Leininger Group, who conclude that Chinese power plants could cut carbon dioxide emissions in half by importing liquified natural gas instead of burning local coal. The study also found that the proposed 807-mile gasline from Prudhoe Bay to Nikiski would have less environmental impact than rival LNG projects on the US Gulf Coast and Australia. AGDC is seeking long-term customers to finance construction of the estimated $40 billion gasline. agdc.us

Alaska USA

Alaska USA Federal Credit Union is seeking federal regulatory approval to merge with Washington-based Global Credit Union. The combination of the Anchorage-based financial institution, with 700,000 members in Alaska, Washington, California, and Arizona, and the 45,000 members of Global Credit Union in Washington, Idaho, and military bases in Italy, would create one of the fifteen largest credit unions in the country, with more than $11 billion in assets. alaskausa.org

ANTHC

Alaska Native Tribal Health Consortium is looking for a new CEO. Garvin Federenko resigned as CEO in October to "pursue new business opportunities," Alaska's News Source reports. Federenko began working for the state's largest tribal health organization in 1998. He became chief financial officer in 2020 and was elevated to CEO earlier this year. He was also briefly acting...