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
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
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 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
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
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
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
