What's new in production ///

It’s hard to imagine, but the Trans-Alaska Pipeline System (TAPS) is pushing 40 now. TAPS began construction in March 1974 and was completed 38 years ago this month, in May 1977, following some of the most contentious dialog and crosstalk in modern energy history. The first barrel of oil flowed out the south end at Valdez, Alaska, on July 22, 1977. The enormity of the reserves in Prudhoe Bay field had been known since the late 1960s, but the infeasibility of transporting the oil out of the North Slope kept a lid on production. There were some experimental shipments by icebreaker/tanker ships, but it took the Arab oil embargo to incentivize investors to put up the funding.

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