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.
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.
Hilcorp became the main oilfield operator in the state after it bought BP’s Alaska assets last year.
Some North Slope communities there have seen their first infections of the pandemic during the surge driven by the delta variant.
Last week, the Interior Department directed the Bureau of Land Management to review the NPR-A management plan for compliance with President Biden’s climate goals.
Anderson has worked for the department for 20 years. His most recent position was director for the Northern Region. The governor’s office did not provide the reason for John MacKinnon’s departure and said that it doesn’t comment on personnel issues.
Democrats in the U.S. House want to use the budget process to reverse the 2017 law requiring oil lease sales in the Arctic National Wildlife Refuge.
U.S. District Court Judge Sharon Gleason, in a 110-page ruling Wednesday, said the Trump administration’s approval of the project under the National Environmental Policy Act was flawed.
The announcement calls for a new study that will be a supplement to the 2019 environmental impact statement conducted by the Trump administration.
New research on how climate change affects things built on or in permafrost shows this type of infrastructure will deteriorate faster than expected.