The Interior Gas Utility is looking to the North Slope, instead of Cook Inlet, for a long-term energy supply, agreeing with Harvest Alaska to build a new LNG plant.
The only bidder in the December 30 Cook Inlet lease sales was Hilcorp, buying leases on six state tracts and one in federal waters.
New projects on the North Slope, such as Pikka, could ensure that the Trans Alaska Pipeline System rarely drops below half capacity for the foreseeable future.
Nearly recovered from the COVID-19 slump, Alaska’s resource industries are optimistic for 2023—if enough workers can be found to fill job openings.
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.
New research by the Petroleum Development Lab at the UAF Institute for Northern Engineering demonstrates the potential for commercial production of heavy crude at existing North Slope oil fields.
ConocoPhillips Alaska’s optimization of new technologies and commitment to sustainable development has enabled it to reduce its footprint in the environment by extending drilling from fewer well pads, providing increased revenue and employment opportunities in the state.
Environmental, social, and governance policies have thwarted Arctic energy investment, but they don’t have to, as the Alaska Oil & Gas Association conference learned.
Federal money for the Native Village of Eyak will pay for construction of a road to a spill response facility at Shepard Point, north of Cordova.
The final investment decision is “yes” for Australian oil company Santos to proceed with developing the Pikka Project on the North Slope.