Alaska’s oil potential is global in scale, and international organizations engaged in exploration or development (or both) have been seizing opportunities they see in the Last Frontier.
The Division of Oil and Gas will offer Special Alaska Lease Sale Area (SALSA) blocks in conjunction with the Fall 2019 oil and gas lease sale, Commissioner Corri A. Feige said.
Ukpeaġvik Iñupiat Corporation (UIC) has announced that it intends to enter into a new relationship to operate the local grocery store in Utqiaġvik.
Alaska’s major oil and gas players (and some newcomers) are investing their faith and money in the Alaska Arctic with new and ongoing projects.
UIC Bowhead Transport Company is now teamed up with Alaska Marine Lines. With this new partnership, barge and lighterage service will continue to be provided to/from and between the communities on the North Slope.
ConocoPhillips (NYSE: COP) announced the winners of its 2018 Supplier Recognition Award program. The ten recipient companies were honored for exhibiting exceptional leadership in observance of the company’s SPIRIT Values.
Greater Mooses Tooth 1 (GMT1) yielded first oil in October. Relying on new oil drilling technology, it is the most recently developed production site for ConocoPhillips on the North Slope as the company continues its methodical westward expansion into the National Petroleum Reserve-Alaska (NPR-A) along a geological formation known as the Barrow Arch.
In January 2018, the Anchorage Economic Development Corporation (AEDC) projected that after an enduring economic recession, things were beginning to look up for the oil and gas sector.
Working in Alaska’s North Slope can be challenging enough, but a few companies are taking that challenge a step further, drilling from manmade islands into promising basins miles off the coast.
The Alaska Gasline Development Corporation (“AGDC”) and BP Alaska announced an agreement on key terms of a gas sales agreement, a major step forward for the Alaska LNG Project.