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.
North Slope
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.
Exxon transfers Point Thomson operations on Alaska’s North Slope to Hilcorp
Hilcorp became the main oilfield operator in the state after it bought BP’s Alaska assets last year.
Alaska’s North Slope grapples with soaring COVID-19 infection rate, low vaccinations
Some North Slope communities there have seen their first infections of the pandemic during the surge driven by the delta variant.