Interior Gas Utility Adopts Purchase, Manufacturing Agreements
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.
Oil & Gas
Hilcorp the Sole Bidder in State and Federal Cook Inlet Lease Sales
The only bidder in the December 30 Cook Inlet lease sales was Hilcorp, buying leases on six state tracts and one in federal waters.
Pikka’s Promise to Keep TAPS Flowing
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.
Resource Industries Expect Stronger, Stranger Economy in 2023
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.
Growing Interest in North Slope Lease Sale
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 Technique for Heavy Oil Recovery
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.