alaska Archives - Oil & Gas 360

Big oil reconsiders previously unattractive destinations

May 14, 2026

(Oil Price) – The Middle Eastern crisis has prompted a reprioritization among international oil companies. Previously unattractive drilling destinations are suddenly looking quite attractive—even Alaska. The oldest oil and gas producing part of the United States has for years been out of the spotlight as the industry moves to cheaper and faster-growing locations. The only news of any substance about Alaska

ConocoPhillips CEO warns supply losses, infrastructure gaps will drive higher oil prices

March 25, 2026

(World Oil) – You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets. Speaking in a leadership dialogue with S&P Global Vice Chairman Daniel Yergin, Lance said that current turmoil

Trump ally ties up with Russia’s Novatek on natural gas in Alaska, NYT reports

February 20, 2026

(BOE Report) – American financier Gentry Beach, who has ties to U.S. President Donald Trump’s family, signed an agreement with Russia’s energy giant Novatek last autumn to develop natural gas in Alaska amid Western sanctions against Russia, the New York Times reported on Friday. In August, Trump and Russian President Vladimir Putin met in Alaska for talks aimed at ending

A trend break? EIA sees jump in Alaska oil production in 2026

November 19, 2025

(Oil Price) – Alaska’s production outlook is shifting for the first time in nearly a decade, with the U.S. Energy Information Administration (EIA) on Wednesday projecting that North Slope crude output will rise by some 13% next year as two large fields move into high-volume phases. This would mark the strongest annual increase since the 1980s and a rare break from the long

Trump finalizes rollback of Arctic drilling restrictions

November 14, 2025

(World Oil) – The Trump administration rescinded restrictions on oil drilling in Alaska’s mammoth state petroleum reserve, reversing a move by former President Joe Biden that put limits on an area holding an estimated 8.7 billion barrels. The policy reversal finalized Thursday applies to a 2024 rule that banned drilling on nearly half of the 23 million-acre National Petroleum Reserve-Alaska,

Alaska’s $44 billion LNG project nears key milestone as pipeline study wraps up

October 21, 2025

(Oil Price)– The proponents of the $44-billion Alaska LNG are expected to complete by the end of the year the crucial engineering and cost study for an 800-mile-long pipeline set to service the export project, U.S. Secretary of the Interior Doug Burgum has said. “There’s a lot of optimism about the Alaska LNG project, and the FEED study should be

House Committee set to boost oil and gas drilling on federal lands

May 6, 2025

(Oil Price) – The House Natural Resources Committee is preparing to launch an overhaul of oil and gas drilling legislation in a bid to boost drilling activity on federal lands via a surge in lease sales in key producing regions. The changes are set to become part of the budget reconciliation bill to be discussed at a hearing later today. After

Alaska seeks South Korean investors for its $44-billion LNG project

March 25, 2025

(Oil Price) – On Tuesday, Alaska Governor Mike Dunleavy discussed the Alaska LNG project and other potential energy and trade cooperation with South Korean Industry Minister Ahn Duk-geun, as the U.S. Administration is looking to attract Asian investors in the $44-billion Alaska LNG export project. Dunleavy and other Alaska state representatives and energy officials have been touring America’s north Asian allies Japan, Taiwan, and South

EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

March 19, 2025

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska — the Nuna and Pikka projects — are expected to boost crude oil

Alaska looks to lure Asian investors in $44-billion LNG project

March 17, 2025

(Oil Price) – Officials from Alaska plan a visit to Japan and South Korea in search of potential Asian investors in the planned $44-billion Alaska LNG project, which is strongly supported by the Trump Administration. State firm Alaska Gasline Development Corporation (AGDC) seeks to advance the Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S.

Alaska wildlife refuge drilling auction yields no bids, US says

January 8, 2025

(Investing) – The U.S. Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should remain off-limits to fossil fuel development, even

US to offer minimum acreage required at Alaska oil and gas auction

December 10, 2024

(Investing) – The Biden administration will offer oil and gas drilling leases in Alaska’s Arctic National Wildlife Refuge at a sale on Jan. 9, the U.S. Interior Department said on Monday. The agency will make 400,000 acres (161,874 hectares) available to drillers at the auction, the minimum required by a law that mandated the sale. ANWR is a 19 million-acre refuge

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