"Prudhoe Bay"

Spending on construction projects in Alaska is expected to increase this year according to the University of Alaska’s Institute of Social and Economic Research.

The terms of the agreement with the North Slope producers and TransCanada have been released.

In another sign of how climate change is transforming the Arctic, a Toronto-based company is planning to lay a fiber-optic cable through Canada’s Northwest Passage.

On Monday, BP committed to spending at least a billion dollars in Alaska over the next few years. The oil giant plans to use that money to bring two drill rigs to Prudhoe Bay and to potentially expand into undeveloped parts of that field.

Two years after executives told lawmakers the company could pump one million barrels into TAPS a day, it isn’t even close to serious production.