Russia Sanctions Spur Buying Frenzy for Ice-Breaking Tankers
The cost of oil tankers that can navigate icy waters has surged. The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions Continue Reading
Alaskan Residents Receive Over $3000 In Oil Dividends
The Alaskan authorities distributed a check of over $3,000 to almost all residents of the state in payment from its investment fund that gets filled up from oil profits. Called Continue Reading
Climate activists worried after Biden releases review of Alaska oil project
The Biden administration on Friday released a new environmental assessment of a controversial oil project on Alaska’s North Slope but declined to reveal whether it was leaning toward approving a project Continue Reading
Alaska’s June wildfires break records, fueled by hot, dry weather
A record number of acres have burned this month in Alaska, forcing Indigenous people from their homes, compromising air quality and stretching firefighting resources thin. More than 1 million acres Continue Reading
A Warming Arctic Emerges as a Route for Subsea Cables
Northern countries are racing to build undersea communications cables through the waters of the Arctic, as shrinking ice coverage opens the region to new business opportunities and heightens geopolitical rivalries Continue Reading
Top oil and gas players pulling out of Alaska’s Arctic National Wildlife Refuge
Bucking political headwinds, oil and gas companies are dropping federal leases in the Arctic National Wildlife Refuge, but the state of Alaska is holding firm on seven leases held by Continue Reading
Russia Will Regret Selling Alaska If Biden Unleashes Its Energy Potential
Alaska is one of the most resource-rich states in the United States, will billions of barrels of recoverable oil reserves. Russia, which sold Alaska to the United States in 1867, Continue Reading
Three oil firms exit Arctic National Wildlife Refuge, after seeking access
Three major oil companies have given up opportunities to explore for oil in Alaska’s Arctic National Wildlife Refuge, after the industry and Republican politicians have spent decades working to gain access to Continue Reading
Deep Under the Antarctic Ice, Scientists Discover Vast Reservoir of Ancient Water
A vast reservoir of ancient water has been found thousands of feet under the ice in western Antarctica, scientists said in a paper published Thursday in the journal Science. Researchers Continue Reading
Russia’s Richest Man Owns More Melting Arctic Than Anyone
Vladimir Potanin, received a public scolding from Russian President Vladimir Putin on June 5. The broadcast came just days after his mining company, Nornickel, spilled diesel into the Arctic. Vladimir Continue Reading
The Arctic Revolution That’s Changing Climate Science
In a normal year, November is the month when frozen water reconnects friends and families on Baffin Island in the Canadian Arctic. In the Inuktitut language, the word for November—Tusaqtuut—means Continue Reading
Alaska oil field gas leak estimated at 7.2 mln cubic feet
More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaska oil field, forcing workers to evacuate and cutting production last month, operator ConocoPhillips Continue Reading
Santos dispute with ConocoPhillips snags Alaska oil project, stake sale
Australia’s Santos Ltd (STO.AX) is locked in a dispute with ConocoPhillips (COP.N) over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both Continue Reading
Russia’s Arctic gas ambitions at risk as sanctions imperil LNG icebreakers
Russia’s Arctic gas ambitions are under threat as international sanctions over the invasion of Ukraine jeopardise deliveries of the specialised vessels needed to ship the fuel from its vast projects Continue Reading
Gas leak spurs evacuation at ConocoPhillips field in Alaska
A days-long natural gas leak has forced a partial evacuation at one of the biggest oil fields in North Slope, Alaska, media reported on Tuesday, with one local official saying Continue Reading
U.S. Moves to Restrict Oil Leasing in Alaska
The Interior Department said Monday that it plans to block oil and gas leasing on about 11 million acres on Alaska’s North Slope, or roughly half of a 23-million acre Continue Reading
Alaska ‘Icemageddon’ warning follows heat record
The coldest US state of Alaska has recorded its hottest-ever December day, amid an unusual winter warm spell. Temperatures soared to a record 19.4C (67F) on the island of Kodiak Continue Reading
Alaska hits record-high temperature for December, freezing rain – The Washington Post
Imagine running a 5K and winning the race by 10 minutes. That’s analogous to what is transpiring in Alaska at the moment. An exceptional slew of records has tumbled in Continue Reading
Alaska’s Dalton Highway Is Threatened by Climate Change and Facing a Highly Uncertain Future
Dalton Highway and the Trans-Alaska Pipeline are seen in Alaska. Credit: DeAgostini/Getty Images The Dalton Highway and the Trans-Alaska Pipeline are companions that rank among Alaska’s most vital and iconic Continue Reading
ConocoPhillips starts up new Alaska oil project
Highlights Production starts on $1.4 billion new project Peak rate of 30,000 b/d estimated Third in string of National Petroleum Reserve projects ConocoPhillips has started production at its GMT-2 oil Continue Reading
Legal setbacks not stalling ConocoPhillips plans in Alaska – official
The logo for ConocoPhillips is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid ANCHORAGE, Alaska, Continue Reading
Paltry bidding for Alaska oil lease sale
Alaska oil and gas lease sales offering tracts on the North Slope and the Beaufort Sea drew almost no bids, state officials said Wednesday. Only six bids were submitted for Continue Reading
Alaska’s Oil Renaissance Stumbles Despite Rise In Crude Prices
The oil sector had a roller coaster ride during the development of the novel coronavirus pandemic, which took the bottom out of global oil demand in early 2020. The COVID-19 Continue Reading
JPM, Barclays, And Citigroup Are Betting Big On Arctic Oil
Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City Continue Reading
A New Geopolitical Conflict Is Looming Over The Arctic
The Arctic has been the source of geopolitical conflict and territorial disputes for centuries . From walrus ivory and seal skins starting in the middle ages to coal, oil, and Continue Reading
Russia Says Its Offshore Arctic Has Oil And Gas Reserves For Centuries
Russia will not run out of oil and gas anytime soon—its offshore Arctic resources alone could last for decades and even centuries, according to Russian Deputy Prime Minister Alexander Novak. Continue Reading
Alaska’s Oil Industry May Be On Its Last Legs
Last week a judge halted the latest Alaskan oil project following a year of disappointment due to the Covid related drop in oil demand and the cancellation of project after Continue Reading
Fuel for Thought: Alaska looks to ammonia from natural gas as part of energy transition strategy
With the world headed into a low-carbon energy future , Alaska, rich in fossil fuels, is trying to hitch a ride on the green bandwagon. A joint project underway by Continue Reading
Russia Has Big Plans For Arctic Oil
Russia seems intent on selling the world’s very last barrel of oil. As other energy superpowers and petro-states around the world scramble to diversify their economies and establish a foothold Continue Reading
Alaska Ruling Shows Big Oil’s Uphill Battle in Climate-Fears Era
Even the climate-conscious Biden administration supported ConocoPhillips ’s $6 billion oil development on Alaska’s Northern Slope, but that couldn’t stop a judge from throwing it in limbo on environmental grounds. Continue Reading
Federal judge throws out U.S. approval of ConocoPhillips Alaska oil project
A federal judge on Wednesday reversed the U.S. government’s approval of ConocoPhillips’ (COP.N) planned $6 billion Willow oil development in Alaska, citing problems with its environmental analysis, according to court Continue Reading
Federal judge halts ConocoPhillips Willow project on Alaska’s North Slope
A federal judge on Wednesday threw out the permits for a controversial oil project planned for Alaska’s North Slope, faulting the way the federal government had assessed its environmental impact, including how Continue Reading
Alaska’s Most Important Pipeline Faces An Existential Threat
An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather. An 810-foot section of the Trans-Alaska Pipeline Continue Reading
Arctic Roads and Runways Face the Prospect of Rapid Decline
Melting permafrost across Arctic regions has already caused highways to buckle and homes to sink. A new study conducted in the north of Alaska helps explain why rising temperatures are Continue Reading
Arctic’s ‘Last Ice Area’ May Be Less Resistant to Global Warming
Last August, scientists aboard an icebreaker that had been drifting with the ice across the Arctic Ocean in a yearlong research expedition decided to take a detour to the North Continue Reading
Biden administration reinstates roadless rule for Alaska’s Tongass National Forest – The Washington Post
The Biden administration said Friday that it would “repeal or replace” a rule allowing roads and other types of development in more than half of Alaska’s Tongass National Forest, reviving 20-year-old Continue Reading
Russia’s Gazpromneft and Novatek to set up joint Arctic offshore venture
Russian oil producer Gazpromneft (SIBN.MM) has agreed with gas producer Novatek (NVTK.MM) to set up an Arctic offshore joint venture and will together develop the North-Vrangelevskiy area, the companies said Continue Reading
Biden Administration to Suspend Oil Leases in Arctic Refuge
The Biden administration on Tuesday suspended oil leases in the Arctic National Wildlife Refuge in Alaska, blocking plans for the first-ever drilling program in the pristine 19-million-acre wilderness. The Interior Continue Reading
Biden administration backs Alaska oil drilling project approved under Trump
U.S. President Joe Biden’s administration defended on Wednesday a proposed ConocoPhillips (COP.N) oil development in Alaska, backing the drilling project which was approved under the administration of former President Donald Continue Reading
US Interior revokes Trump order on Alaska petroleum reserve
Alaska officials say effects are unclear Trump move had been criticized by activists Northern part of reserve at issue Anchorage — Interior Secretary Deb Haaland has issued an order rescinding Continue Reading
Alaska Won’t Let Biden Stop Its Oil Boom
New discoveries in Alaska by an Australian independent could provide hope for bigger oil finds yet to come in the country’s National Petroleum Reserve. Australian independent oil firm 88 Energy Continue Reading
New oil discovery in National Petroleum Reserve-Alaska points to larger potential
Highlights Could mean oil-bearing Nanushuk formation larger than believed Initial data indicates presence of light, high-quality oil Anchorage — Australian independent 88 Energy has made an apparent oil discovery with Continue Reading
Rarely-Used Recovery Method Could Unlock Billions Of Barrels In Alaska
Early findings in an ongoing four-year study of enhanced oil recovery of heavy oil in Alaska’s North Slope have shown promising results that could potentially unlock billions of barrels of Continue Reading
Biden federal lands order likely to impact long-term Alaska oil expansions
New upstream projects under development on federal lands in northern Alaska will not be immediately affected by the Biden administration’s executive order pausing oil and gas approvals, but expansions of Continue Reading
Endangered species signoff puts LNG facility in Alaska closer to handling imports
The oldest LNG export facility in the US, dormant since 2015, is a step closer to being brought back online to handle imports to power a nearby refinery. The National Continue Reading
Has Big Oil Turned Its Back On Alaska?
“ Is Exploring For Oil Still Profitable? ” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving Continue Reading
Alaska Industrial Development Authority apparent high bidder in ANWR auction
The Alaska Industrial Development and Export Authority was the high bidder, by far the most active bidder, and saw little competition in Alaska’s Arctic National Wildlife Refuge Coastal Plain lease Continue Reading
Trump administration drilling auction for Arctic refuge attracts little interest
The Trump administration on Wednesday found few takers at its sale of drilling leases in a pristine Arctic wildlife refuge, with an Alaska state agency emerging as the sole bidder Continue Reading
Judge Allows Trump Auction of Arctic Refuge Drilling Rights
The Trump administration’s sale of oil drilling rights in the Arctic National Wildlife Refuge will go forward Wednesday, after a federal judge rejected a request by environmentalists to block the auction. The Continue Reading
Trump administration moves to open more of Alaska NPR to oil exploration
US Interior Secretary David Bernhardt signed into effect Jan. 4 a major land management change for the 23 million-acre National Petroleum Reserve-Alaska, a long-anticipated action to open areas along the Continue Reading