Oil & Gas
Alaska runs on oil. From providing jobs to contributing directly and indirectly to economies statewide, oil and gas companies are crucial to Alaska’s fiscal well-being. Alaska Business is an advocate for responsible resource development and as such we report on the oil and gas industry as it pursues projects that are environmentally sound, benefit local communities, and are profitable.
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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.
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.
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.
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