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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Badami Changes Hands as APA Acquires Savant Alaska
A $70 million deal makes Badami Unit operator Savant Alaska part of APA Corporation, which has exploration assets nearby on the eastern North Slope.
Alaskans Compete for ANWR Leases
While the Alaska Industrial Development and Export Authority enlarged its investments in Arctic National Wildlife Refuge oil leases, Cook Inlet gas producer HEX expanded into the North Slope with rival bids on a couple tracts.
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.
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