The Alaska Industrial Development and Export Authority Board approved a resolution that enables AIDEA to modify terms of its loans related to development of the Southern Miluveach Unit (known as the Mustang Field).
McCown is the second company president hired as an Alyeska employee following Vice Admiral Thomas Barrett, USCG (Ret.), who was brought on in January 2011 and is retiring.
Ahtna Petrochemical Products, a subsidiary of Ahtna Netiye’, has acquired twenty-three acres of North Slope pad space to support operational and logistical needs of the oil and gas industry in Alaska.
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.
Oil and gas exploration companies offered $7.8 million for the rights to search for oil on 154,610 acres of state land on Alaska’s North Slope and Beaufort Sea, according to results from the 2019 oil and gas lease sale conducted by the Division of Oil & Gas.
Researchers from the University of Alaska Fairbanks are mapping oil and gas seeps off Alaska’s coast to better understand hydrocarbon resources and seafloor ecosystems.