Willow Is Go, but Arctic Offshore Is No
The Biden administration approved a scaled-down plan for ConocoPhillips’ Willow project while announcing further restrictions on North Slope oil development.
The Biden administration approved a scaled-down plan for ConocoPhillips’ Willow project while announcing further restrictions on North Slope oil development.
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.