In January 2018, the Anchorage Economic Development Corporation (AEDC) projected that after an enduring economic recession, things were beginning to look up for the oil and gas sector.
Cautious optimism surrounds forecasts for Alaska’s economy in 2019 as many predict the state’s recession will finally bottom out—making Alaska one of the last energy-dependent states to begin recovery since oil prices tumbled about three years ago.
There’s been positive news coming out of Alaska’s onshore and offshore Arctic oil operations.
The path to Alaska’s modern day oil prosperity began with a top priority and long forgotten WWII expedition. This mission was a true epic, worthy of remembrance.
Working in Alaska’s North Slope can be challenging enough, but a few companies are taking that challenge a step further, drilling from manmade islands into promising basins miles off the coast.