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
Crater comes to AOGA with years of experience working within the resource development regulatory environment.
ConocoPhillips’ size and dominance in Alaska weren’t enough to inoculate it from the effects of the COVID-19 pandemic; however, 2021 was a “reset” year for the company, which produced approximately 208,000 barrels of oil equivalent per day in Q1 with an average price of $60 per barrel.
The Alaska Oil and Gas Association announced Anna DeVolld, age 16, of Soldotna, Alaska, as the winner of its annual $2,500 college scholarship.
From spearing new prehistoric pools of crude oil to reworking a field to extract oil deposits previously untapped, drilling rigs are the machines that power the oil and gas industry. But, like any machine, they require significant maintenance and care to keep operating at maximum efficiency.
Santos and Oil Search reached an agreement on the merger ratio under a proposed merger and additional terms.
Spotlight Business Profiles
In This Issue
50 Years of ANSCA
Fifty years ago, as the Watergate scandal swirled around then-President Richard Nixon, he signed into law the Alaska Native Claims Settlement Act (ANCSA). It was the largest land claims settlement in the nation’s history and a stark departure from agreements forced on Tribes in the Lower 48.