Alaska’s oil potential is global in scale, and international organizations engaged in exploration or development (or both) have been seizing opportunities they see in the Last Frontier.
The Division of Oil and Gas will offer Special Alaska Lease Sale Area (SALSA) blocks in conjunction with the Fall 2019 oil and gas lease sale, Commissioner Corri A. Feige said.
The icebreaking tanker SS Manhattan was an oil company’s attempt to see if it might be profitable to move Alaska oil to the East Coast by plowing through the ice-clogged Northwest Passage.
The Alaska LNG project has competition.
Alaska’s major oil and gas players (and some newcomers) are investing their faith and money in the Alaska Arctic with new and ongoing projects.
In 2017, BP Alaska celebrated forty years of operations at Prudhoe Bay, which over the last forty-plus years has produced 13 billion barrels of oil.