The BLM says the decision still leaves nearly 12 million acres available for oil and gas leasing. That’s slightly more than 50% of the NPR-A. The Trump administration had wanted closer to 80% open to drilling.
North Slope
Will Alaska oil production get a boost from high prices? Not likely, says this industry observer.
With oil above $100 a barrel, some Alaskans have wondered: Will companies now be drilling for more oil here?
ConocoPhillips says it’s still trying to find the source of North Slope gas leak
Officials with ConocoPhillips are still trying to determine the source of an ongoing natural gas leak reported at a North Slope oil drill site earlier this month.
Hilcorp fined for its response to Cook Inlet and North Slope leaks
Oil and gas company Hilcorp paid federal regulators $180,500 for taking too long to inspect and repair dozens of leaks in Cook Inlet and on the North Slope.
ANCSA made only Alaska Natives born before December 1971 corporate shareholders. Those born after want change
Some Alaska Native leaders say that issuing shares to descendants is an obvious choice to help preserve Native corporations’ Indigenous character and distinguish them from traditional capitalist businesses.
Oil prices plunge amid omicron variant concerns
A barrel of Alaska North Slope crude was about $71 on Monday, $11 less than the week of Thanksgiving.
Amid calls to cut production, Sen. Sullivan casts natural gas as climate solution
In the climate debate, natural gas is cast as both hero and villain. For protestors at the COP26 climate conference in Glasgow, producing and burning natural gas is unequivocally bad, a danger to the planet. “We cannot have any fossil fuel development if we are to have a fighting chance of staying below 1.5 degrees,”…
Rise in oil prices could add $1.2B in state revenue for Alaska, preliminary forecast says
State slightly lowers forecast for production due to uncertainty over large projects.
Global supply shortages are driving up Alaska oil prices
The short supply is being driven largely by COVID-19. When the pandemic first hit in 2020, demand for crude oil collapsed and OPEC scaled back production dramatically.
Alaska’s oil and gas jobs have failed to rebound from pandemic losses, slowing state’s recovery
The number of jobs in Alaska’s oil and gas industry remains relatively low after companies cut nearly a third of the workforce during the COVID-19 pandemic.