Oil & Gas

Trump says Taiwan will buy 30% of Alaska LNG gas, the share in a 2025 letter

Trump and Lutnick say Taiwan will buy 30% of Alaska LNG's gas and invest $4.4 billion. The 30% matches a nonbinding letter Taiwan signed 19 months ago.

by Walter AlaskaNews1mo ago2 min read

Follows: Trump says South Korea will finance $50 billion of Alaska LNG; Seoul hasn't committed

ConocoPhillips seeks five more years of North Slope off-road travel; comments due Friday

ConocoPhillips wants to keep driving and building ice roads on state land on the North Slope for five more years. Its current permit expires Dec. 17.

by Maggie AlaskaNews4w ago2 min readFrom Sep 10

Feds propose second Cook Inlet oil lease sale on the same terms after first drew no bids

The feds' first Cook Inlet oil lease sale this year drew zero bids. Congress won't let them change the terms, so they're offering the same million acres again.

by Walter AlaskaNews1mo ago2 min read

Interior lets BLM skip environmental assessments for qualifying NPR-A winter exploration

Starting Friday, qualifying winter oil exploration in the petroleum reserve can skip a separate environmental assessment, barring extraordinary circumstances.

by Walter AlaskaNews1mo ago2 min read

Hilcorp seeks to fill Beluga wetlands for gas storage pad under emergency review

Hilcorp seeks emergency permit to fill 2.35 acres of Beluga wetlands for a natural gas storage pad, with public comment open through early November.

by Walter AlaskaNews1mo ago2 min read

Alaska LNG lease filing lists state gasline corporation as 25 percent owner

8 Star Alaska filed financial documents to convert pipeline leases, with the state holding 25 percent through its gasline corporation and private developer Glenfarne holding 75 percent.

by Walter AlaskaNews1mo ago2 min read

State takes comment on expanding Western Cook Inlet geophysical survey near Beluga

A survey crew wants 9.7 more miles of lines near Beluga, with dynamite charges set in hand-drilled holes. The state is taking comments until Oct. 21.

by Walter AlaskaNews1mo ago1 min read

Legislative committee has no oil and gas consultants under contract, chair says

Alaska lawmakers have no oil and gas consultants under contract, with a gas pipeline project and a new administration coming. Senators want that fixed.

by Walter AlaskaNews1mo ago2 min read

Alaska LNG asks DNR to convert conditional pipeline leases to full leases

Alaska LNG asked the state to convert two conditional pipeline leases into full leases, citing over $50 billion in project financing and support agreements from major energy companies.

by Walter AlaskaNews1mo ago3 min read

Alaska LNG report targets 2028 completion for in-state pipeline

Alaska LNG's latest federal report keeps its 2028 pipeline target and, as always, lists no long-term contracts. Seoul says its money is under review.

by Melinda Communities.News1mo ago3 min read

North Slope oil throughput back above 500,000 barrels a day, former commissioner says

North Slope oil is back above 500,000 barrels a day, at least on some days. Oil-tax defenders credit the 2013 tax law and expect a fight in Juneau.

by Bill AlaskaNews1mo ago2 min read

Follows: North Slope oil is running below the state's forecast so far, and the price is running above it

Trump says South Korea is still studying Alaska LNG, threatens to 'double it up'

Trump now says South Korea is "still studying" Alaska LNG, two days after his team touted $50 billion-plus in Korean money. He threatened to "double it up."

by Bill AlaskaNews1mo ago2 min read

Follows: Trump says South Korea will finance $50 billion of Alaska LNG; Seoul hasn't committed

Seoul protested U.S. Alaska LNG announcement, says investment remains under review

White House officials and Alaska leaders announced $50 billion-plus in Korean money for Alaska LNG. Seoul says it agreed only to review it, and protested.

by Walter AlaskaNews1mo ago4 min read

Trump says South Korea will finance $50 billion of Alaska LNG; Seoul hasn't committed

Trump says South Korea will put more than $50 billion into the Alaska gas line. Seoul says the project still has to prove it can make money before it commits.

by Alaska News1mo ago3 min read

Written comments on Willow drilling and injection rules are due Tuesday unless a Nov. 4 hearing is held

BLM wants to approve some NPR-A oil sites in 60 days by doing the big review once, up front. Here's what that means, and where Nuiqsut and others stand.

by Walter AlaskaNews1mo ago4 min readFrom Sep 21

State raises minimum bids to $35 an acre in annual North Slope and Beaufort Sea oil and gas lease sales

The state's yearly North Slope lease sale is back with a pricier entry fee: minimum bids rise from $25 to $35 an acre. Results come out Nov. 18.

by Maggie AlaskaNews1mo ago3 min read

Regulators cut Chugach's Beluga River gas price after Chugach asked for an increase

Chugach asked regulators to nudge its Beluga River gas price up a penny. After staff found errors, regulators cut it by 39 cents instead, starting Thursday.

by Walter AlaskaNews1mo ago2 min read

North Slope crude runs $15 above Alaska's spring forecast, budget group says

Alaska North Slope crude is averaging $90 a barrel, $15 above the spring forecast, potentially adding nearly $1 billion to state revenue this year if prices hold.

by Walter AlaskaNews1mo ago2 min read

Comments due Oct. 23 on Alaska's 2027 Cook Inlet and Alaska Peninsula oil and gas lease sales

Want the right to challenge the state's next Cook Inlet and Alaska Peninsula oil and gas lease sales? Comment by Oct. 23, or forever hold your appeal.

by Maggie AlaskaNews1mo ago2 min read

Global refinery disruptions widened fuel margins in 2026, and rural Alaska's barge fuel cost more

Galena's utility paid 29% more per gallon for this year's barge fuel, and St. Paul paid about $7.55. Summer's dip in oil prices came after the fuel was bought.

by Cale Green1mo ago4 min read

State denies Florida company's bid to expand oil unit on the Arctic refuge border

A Florida company wanted three more leases added to its oil unit on the Arctic refuge border. The state says the leases had expired and showed no oil or gas.

by Walter AlaskaNews1mo ago1 min readFrom Sep 18

Governor candidates split over how to close Southcentral gas gap

All four candidates want more Cook Inlet gas. They differ over lease enforcement, production incentives, tax stability and power diversification.

by Walter AlaskaNews1mo ago4 min read

Follows: Southcentral is 3 Bcf short this winter, and producers told lawmakers the gas runs out in 2029

Cook Inlet gas storage at 69.5% as winter nears, with one field shut in for maintenance

Southcentral's gas storage fields are still filling and sending nothing out, at 69.5 percent full with winter coming and Enstar 3 Bcf short.

by Walter AlaskaNews1mo ago2 min read

Follows: Southcentral's gas storage is two-thirds full with winter coming

Interior proposes dropping the Arctic relief rig rule and a whaling check

Interior's proposed Arctic drilling rule would drop the standby relief rig and a whaling-ground discharge check, with subsistence losses scored at zero.

by Walter AlaskaNews1mo ago5 min read

Three virtual hearings this week will take comments on BLM's Arctic fast-track

Three virtual hearings begin Tuesday on a 60-day Arctic permitting rule that BLM says could roughly double development.

by Walter AlaskaNews1mo ago2 min readFrom Sep 8

Alaska LNG updates landowner complaint procedure before construction

Alaska LNG updated its future landowner complaint process. FERC approval remains pending, and construction has not begun.

by Walter AlaskaNews1mo ago1 min readFrom Sep 14

Sullivan bill would have Congress ratify ANWR Coastal Plain permits

Sullivan's bill would have Congress ratify the ANWR leasing permits — a move that would largely put them beyond challenge in federal court.

by Walter AlaskaNews1mo ago2 min read

ConocoPhillips' Disclosed Alaska Royalties Fell 58% in Two Years

ConocoPhillips paid $37.97 million in royalties on its federal Alaska leases last year, down 58 percent from 2023, partly on lower oil prices.

by Walter AlaskaNews1mo ago2 min read

A House committee cited Alaska while advancing a drilling bill for elsewhere

A House committee voted to drop federal drilling permits on 4 million acres. None are in Alaska, but the chairman held up Alaska as the model.

by Maggie AlaskaNews1mo ago2 min read

State-backed Alyeschem plant reaches construction milestone

Alyeschem has finished driving foundation piles for its Prudhoe Bay chemical plant. Alaska's backing is a repayable loan, not a $70 million grant.

by Melinda Communities.News1mo ago2 min read

Alpine pipeline seeks nearly double metering capacity for Willow-era output

A North Slope pipeline wants to nearly double how much oil it can meter as Willow nears production. The filing changes measurement capacity, not Willow's approval.

by Walter AlaskaNews1mo ago2 min read

BLM Rule Would Cut NPR-A Pad Approvals to 60 Days, Limit Hunting

The BLM's own analysis found a proposed drilling rule would significantly restrict subsistence hunting for three North Slope villages. Hearings begin Monday.

by Walter AlaskaNews1mo ago3 min readFrom Sep 8

Follows: BLM rule would let NPR-A operators waive subsistence conditions without public notice

ConocoPhillips asks Alaska regulators to set Willow drilling and injection rules

ConocoPhillips asked state regulators to set Willow's drilling and injection rules. Nuiqsut's city and tribe dropped their opposition letter in 2023.

by Walter AlaskaNews2mo ago2 min readFrom Sep 3

War-driven oil prices are filling Alaska's treasury while straining its households

The same oil price spike is filling Alaska's treasury and straining its households — and Trump's $2 gas promise would take more than the war ending.

by Alaska News2mo ago5 min read

A federal rule would let NPR-A drilling spread pad by pad, skipping environmental study

A federal rule would let oil drilling spread across NPR-A pad by pad — each new site fast-tracking the next and skipping the environmental study now required.

by Maggie AlaskaNews2mo ago2 min read

Southcentral is 3 Bcf short this winter, and producers told lawmakers the gas runs out in 2029

Southcentral Alaska faces a natural gas shortage by winter 2029 unless it imports liquefied natural gas or taps North Slope supplies, Hilcorp and Chugach told lawmakers Thursday.

by Walter AlaskaNews2mo ago2 min read

Oil above $101 puts Alaska's budget on a war in the Persian Gulf

Every dollar oil moves is worth about $35 million to Alaska's treasury. Brent closed above $101 Wednesday, up more than half from a year ago.

by Alaska News2mo ago2 min read

North Slope oil is running below the state's forecast so far, and the price is running above it

Alaska's oil is flowing below the state's revenue forecast while the price runs above it. The two effects roughly offset, and the year is only ten weeks old.

by Walter AlaskaNews2mo ago2 min read

Southcentral's gas storage is two-thirds full with winter coming

Southcentral's gas storage is two thirds full heading into winter, and one field shuts down for maintenance starting Monday.

by Walter AlaskaNews2mo ago2 min read

Follows: Three Cook Inlet gas storage plans pending for winter demand

Three Alaska governor candidates agree on the problems, diverge on government's role

Three candidates for governor agreed Alaska faces serious problems but split on solutions at a Tuesday forum. The fourth, Bernadette Wilson, did not attend.

by Walter AlaskaNews2mo ago7 min read