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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A Little Extra from Lagniappe: Oil Discovery East of Prudhoe
The Sockeye-2 test is the second successful exploratory well, after the previous winter’s King Street-1, drilled in the Lagniappe area.
Asset Development Exec Joins ConocoPhillips Alaska
Heather Tash, a veteran of Permian Basin oil operations, recently joined ConocoPhillips Alaska leadership as Vice President, Asset Development.
Harvest to Redevelop Kenai LNG Terminal for Energy Imports
Harvest Alaska is acquiring the Kenai LNG terminal from Marathon, redeveloping export facilities to instead import natural gas for the Southcentral Energy market as early as 2026.
New Chief Executives at Colville
Colville President Jason Reeves becomes CEO as Dave Pfeifer scales back his leadership duties, while Jennifer Segelhorst becomes CFO.
Alaska’s Economic Outlook: Forecasting 2025
Oil production rises while prices retreat, and hiring remains challenging all over. Experts provide their insights on what may be in store for Alaska’s economy in 2025.
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