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.
Latest Oil & Gas News
Alicia Siira, Joe Michel, Rebecca Logan, and Kati Capozzi explain potential consequences of the PRO Act on Alaskan workers.
“It is gratifying to see this renewed bid activity in Cook Inlet lease sales from both established operators and new entrants,” says DNR Deputy Commissioner Sara Longan.
The filing follows weeks of advocacy and outreach by Senators Lisa Murkowski and Dan Sullivan and Congressman Don Young to members of the Biden administration.
BP recorded the largest drop of revenue from $297 billion to $180 billion, or nearly 40 percent, between 2019 and 2020.
The revised development plan ultimately allows Oil Search to increase its overall production at a reduced cost.
Spotlight Business Profiles
Spotlight Your Business Here
In This Issue
Alaska Problems Require Alaska Solutions
On January 16, a fire destroyed the water plant and washeteria in the southwest Alaska village of Tuluksak. For the village of about 350 people, it was a devastating blow. The water plant was the only source of drinking water in the village, in which the primarily Yup’ik residents lack indoor plumbing and rely on honey buckets, not uncommon in the flat, swampy region.