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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
“ 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
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
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
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
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
Native Alaskans and environmental groups are asking a federal court to block the Trump administration from selling oil drilling rights in the Arctic National Wildlife Refuge. (Bloomberg) — Native Alaskans Continue Reading
JP Morgan. Citi. Morgan Stanley. Goldman Sachs. All of these banks have announced they will no longer finance oil and gas drilling projects in the Arctic, virtue signaling to environmental Continue Reading
The Trump administration is racing against legal deadlines and a merciless regulatory calendar in its last-ditch effort to sell drilling rights in the Arctic National Wildlife Refuge before President-elect Joe Continue Reading
A group of investment firms, conservationists and indigenous groups have called on some of the world’s biggest insurers to cease supporting oil and gas projects in the U.S. Arctic National Continue Reading
A polar bear walks across rubble ice in the Alaska portion of the southern Beaufort Sea. (Mike Lockhart/USGS/AP) The Trump administration is asking oil and gas firms to pick spots Continue Reading
The Trump administration is advancing plans to auction drilling rights in the U.S. Arctic National Wildlife Refuge before the inauguration of President-elect Joe Biden, who has vowed to block oil Continue Reading
The Trump Administration will take key steps to finalize a sale of oil drilling leases in the sensitive Arctic National Wildlife Refuge (ANWR) in Alaska just before Democrat Joseph Biden, Continue Reading
The Bureau of Land Management approved a ConocoPhillips-led oil exploration project in Alaska, which could yield some 160,000 barrels of crude daily when it becomes operational, the BLM said . Continue Reading
Highlights Election uncertainties could cause delays BLM might be weighing how to integrate new lands Nanushuk formation extends to possible acreage Anchorage — Two Alaska North Slope lease sales normally Continue Reading
A top official at the Interior Department has delayed the release of a study that shows how oil and gas drilling in Alaska could encroach upon the territory of polar Continue Reading
Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years. The Dutch oil industry giant applied Continue Reading
The group of 15 Democrat-led states alleges the plan fails to account for danger to wildlife and climate-change impacts. (Bloomberg) — A group of 15 Democrat-led states sued to block Continue Reading
Environmentalists and Alaska natives are challenging the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar Continue Reading