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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HEX Rebrands Inlet Operator Furie Under Parent Company Colors
Parent company HEX is spreading its brand across Furie Operating Alaska, the Cook Inlet natural gas producer it acquired in 2019.
Alyeschem Breaks Ground on North Slope Petrochemical Factory
Alyeschem broke ground on a North Slope chemical plant to produce methanol and ultra-low sulfur diesel, scheduled for operation by the end of next year.
Ongoing Optimism: Glenfarne Issues ‘Call to Arms’ for Alaska LNG Pipeline
A final investment decision on a North Slope gasline is still months away, but Glenfarne is asking its contractors to have equipment ready for construction before next spring.
Pikka Produces: Santos Announces First Oil
Santos says Phase 1 of its Pikka unit achieved first oil over the weekend, ramping up toward 80,000 barrels per day in the next few months.
NPRA Lease Sale Shows Industry’s Interest Points North
While a federal oil and gas lease sale in Cook Inlet fizzled, a sale in the National Petroleum Reserve–Alaska attracted eleven interested companies.
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