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million bpd in 1988, and production has since fallen largely because of the production decline of mature oil fields, limited lease availability, and high exploration and production costs. ConocoPhillips produced first oil from the Nuna project in December 2024. Average annual crude oil production in Alaska peaked at 2.0
Genel Energy has announced its audited results for the year ended 31 December 2024. Paul Weir, Chief Executive of Genel, said: " In 2024, we demonstrated further progress on our journey of building towards delivering resilient, diversified cash flows. Production costs (17.6) (18.0) EBITDAX1 1.1 Operating loss (52.4) (10.3)
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