Oil & Gas
Alaska runs on oil. From providing jobs to contributing directly and indirectly to economies statewide, oil and gas companies are crucial to Alaska’s fiscal well-being. Alaska Business is an advocate for responsible resource development and as such we report on the oil and gas industry as it pursues projects that are environmentally sound, benefit local communities, and are profitable.
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Alaska’s Economic Outlook: Forecasting 2025
Oil production rises while prices retreat, and hiring remains challenging all over. Experts provide their insights on what may be in store for Alaska’s economy in 2025.
ConocoPhillips Alaska’s Nuna Project Produces First Oil
ConocoPhillips Alaska’s Nuna project produced first oil on December 17 and will add wells, on-pad infrastructure, and pipelines that tie to the Kuparuk River Unit.
$10.9M from State North Slope Lease Sale
The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.
Ten Years of Fiscal Stability with SB21
In the ten years since voters upheld SB21, oil taxation has seen a decade of relative stability. Has the tax structure lived up to its promise of boosting investment in Alaska’s oil fields?
Hilcorp Completes $1B Purchase of Eni’s North Slope Assets
Hilcorp takes over the Oooguruk and Nikaitchuq near-offshore units from Italian energy company Eni SpA in a deal valued at $1 billion.
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