Energy & Mining

There are no microreactors operating anywhere in the United States, but a few pilot projects are planned, including one at Eielson Air Force Base.

With crude oil, all barrels aren’t the same.

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.

After months of incremental bumps, a barrel of Alaska North Slope shot up to $125 last week. A day later, he said, the markets reconsidered, and it dropped to $110.

Dunleavy said the suspension would help Alaskans affected by rising fuel prices and inflation. 

Residents of Western Alaska bush communities could see an increase in the price of gas, stove and heating oil. And that price may not come down any time soon.

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.

Revenue Commissioner Lucinda Mahoney said the value of state-held Russian investments has declined from $267 million at the end of 2021 to a current estimate of no more than $15 million. 

President Biden announced on Tuesday a ban on Russian oil and gas imports to the U.S.

He also requested further actions from the federal government and Alaska businesses and individuals.