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Oil & Gas

Alaska’s Economic Outlook: Forecasting 2025

Alaska’s Economic Outlook: Forecasting 2025

by Terri Marshall | Jan 6, 2025 | Magazine, Mining, Nonprofits, Oil & Gas, Telecom & Tech

Oil production rises while prices retreat, and hiring remains challenging all over. Experts provide their insights on what may be in store for Alaska’s economy in 2025.

ConocoPhillips Alaska’s Nuna Project Produces First Oil

ConocoPhillips Alaska’s Nuna Project Produces First Oil

by alaskabusiness | Dec 20, 2024 | News, Oil & Gas

ConocoPhillips Alaska’s Nuna project produced first oil on December 17 and will add wells, on-pad infrastructure, and pipelines that tie to the Kuparuk River Unit.

$10.9M from State North Slope Lease Sale

$10.9M from State North Slope Lease Sale

by alaskabusiness | Dec 13, 2024 | Government, News, Oil & Gas

The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.

Ten Years of Fiscal Stability with SB21

Ten Years of Fiscal Stability with SB21

by Tasha Anderson | Dec 2, 2024 | Government, Magazine, Oil & Gas

In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?

Hilcorp Completes $1B Purchase of Eni’s North Slope Assets

Hilcorp Completes $1B Purchase of Eni’s North Slope Assets

by alaskabusiness | Nov 6, 2024 | News, Oil & Gas

Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.

Hilcorp Partners with Japanese Firms to Study Carbon Sequestration

Hilcorp Partners with Japanese Firms to Study Carbon Sequestration

by alaskabusiness | Oct 15, 2024 | Environmental, News, Oil & Gas

Hilcorp Alaska signed an agreement with two Japanese corporations to study the feasibility of storing carbon dioxide emissions from Japan in underground reservoirs in Alaska.

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