The annual economic report prepared for the Alaska Oil and Gas Association conference anticipates $14 billion in industry spending, supporting 2,600 to 2,900 jobs.
The industry group is honoring Alyeska Pipeline Service Company, NANA Management Services, a Santos executive, and a resource educator.
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.
Environmental, social, and governance policies have thwarted Arctic energy investment, but they don’t have to, as the Alaska Oil & Gas Association conference learned.
The industry group is honoring Alyeska Pipeline Service Company, a rising star in its ranks, a retiring executive of Hilcorp, and NANA Management Services.
The professional trade association for the oil and gas industry in Alaska has a new Regulatory and Legal Affairs Manager.
Accessing capital to finance Alaska’s oil and gas projects is more difficult than it has been in the past, says Alaska Oil & Gas Association President and CEO Kara Moriarty.
Augmented reality, wireless networks, blue hydrogen: on the North Slope, urgent necessity is the mother of all kinds of invention. As much as Alaska is a resource extraction economy, that activity also inspires, deploys, and hones technological innovations.
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.
Many industry experts agree that oil, natural gas, solar, hydro, geothermal, and tidal can all be developed in Alaska without one encroaching on the other’s economic importance to the state. Combined, petroleum and renewables are a positive one-two punch for Alaskans, not ideologically opposed platforms locked in some industrial grudge-match.