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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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.
Growing Interest in North Slope Lease Sale
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.
New Technique for Heavy Oil Recovery
New research by the Petroleum Development Lab at the UAF Institute for Northern Engineering demonstrates the potential for commercial production of heavy crude at existing North Slope oil fields.
ConocoPhillips Alaska’s Extended Reach Helps Shrink Its Carbon Footprint
ConocoPhillips Alaska’s optimization of new technologies and commitment to sustainable development has enabled it to reduce its footprint in the environment by extending drilling from fewer well pads, providing increased revenue and employment opportunities in the state.
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