Most experts indicate that the Last Frontier has turned the corner and in 2020 will claw its way out of the recession that started several years ago. However, the recovery is not expected to be uniform, as Anchorage remains in recession and many of the impacts of the state’s budget cuts have yet to play out.
Alaska has some of the best renewable energy resources in the world. Yet the current lack of a domestic energy policy, transmission costs, and the isolation of more than 200 communities create a challenging environment in which to develop those resources and bring them to market.
The bimodal nature of our state’s healthcare system, pressure on pediatric specialists, and the rugged nature of the state are all challenges facing pediatricians who practice in Alaska.
In addition to helping with oil spill response, Alaska ShoreZone data assists with fisheries research, recreation reconnaissance, climate change research, and even helping calibrate drone software for NASA.
Both ConocoPhillips and Oil Search are optimistic about the potential of the Nanushuk Formation on the North Slope following the combined drilling of nine delineation wells over the winter in the Greater Willow and Pikka-Horseshoe units.
The Ravn Air Group is launching a “new” PenAir, following the acquisition of PenAir’s assets by investment affiliates of J.F. Lehman & Company for $12.3 million.
An inside look at an upcoming piece that will be published in our May 2019 issue.
The most daunting task ahead of AGDC is bringing investors on board and proving to the legislature that the pipeline is economically viable.
Many people only associate Native corporations with resource extraction projects and investments; however, most have far more diversified investment portfolios, with many teaming up with local businesses.
Greater Mooses Tooth 1 (GMT1) yielded first oil in October. Relying on new oil drilling technology, it is the most recently developed production site for ConocoPhillips on the North Slope as the company continues its methodical westward expansion into the National Petroleum Reserve-Alaska (NPR-A) along a geological formation known as the Barrow Arch.