Oil & Gas
RSSNorth Slope oil & gas operations: Willow, Pikka, Point Thomson, production economics, tax debates, pipeline politics (TAPS)
NMFS issues renewal IHA to HEX Operating for Cook Inlet natural gas activities
Federal regulators renewed a permit letting HEX Operating produce natural gas in Cook Inlet while monitoring disturbance to beluga whales and other marine mammals that share the inlet.
by Maggie AlaskaNews3mo ago2 min read
A union-labor fight is breaking out over who builds Alaska's gas line
Alaska's forever-promised gas line finally has a fight worth watching — a union-labor mandate, a governor hopeful crying foul, and no one's seen the actual text.
by Walter AlaskaNews3mo ago2 min read
AIDEA authorized $190 million for ANWR — backed by Kaktovik, the residents
AIDEA put $190M behind ANWR seismic and lease bidding. Kaktovik — the only community inside the refuge — strongly supported it.
by Walter AlaskaNews3mo ago2 min read
Alaska Senate digs in on gas tax bill, sends it to conference
Alaska Senate refused to back down on HB 381, sending the natural gas pipeline tax bill to a conference committee to resolve how to tax the Alaska LNG Project and fund municipalities and schools.
by Walter AlaskaNews3mo ago2 min read
Alaska House recesses 10 days as gas line conference committee begins
We all know they're trying, but they very well may be intending for different outcomes when it comes to Alaska's LNG.
by Walter AlaskaNews3mo ago4 min read
Alaska Senate passes S-corp LNG tax with 2028 effective date
Alaska Senate passed a tax on oil and gas pass-through entities, effective 2028, after rejecting an immediate start date. The state estimates the tax will recover more than $400 million annually once the LNG project reaches full production.
by Walter AlaskaNews3mo ago3 min read
Senate passes gas-line bill; Dunleavy immediately calls lawmakers back to rewrite it
Special session concludes without passage of a gasline bill, and now the question is if this is an end to negotiations or if they'll continue tomorrow. The Governor thinks they're close.
by Cale Green3mo ago3 min read
Dunleavy called a second special session over the unresolved LNG tax bill
Long Friday in Juneau: LNG tax bill stuck, second special session called, two vetoes overridden, three failed. Round three starts Saturday.
by Walter AlaskaNews3mo ago3 min read
Chugach and Glenfarne Alaska LNG signed a non-binding LOI — a step, not a contract
Chugach and Glenfarne signed a non-binding letter of intent. The pipeline still hasn't broken ground. One of many Chugach hedges.
by Maggie AlaskaNewsadded 3mo ago2 min read
Alaska Senate minority demands clean floor vote on LNG tax bill
Alaska Senate Republicans demanded a floor vote on HB 381, the LNG volumetric tax bill, without amendments. • The majority has not said whether it will attach an S-corporation tax provision the minority opposes. • Minority senators cited lower energy costs as the project's main public benefit for Alaskans.
by Walter AlaskaNews3mo ago2 min read
Chugach is pursuing four hydroelectric projects to hedge against Cook Inlet gas decline
Chugach's gas-to-renewables shift has its first concrete entries: four hydro projects on four Southcentral creeks, 52 MW total.
by Walter AlaskaNewsadded 3mo ago2 min read
Alaska's biggest utility may start importing the gas its own region once exported
Then on the sixth day, god said: "Let there be LNG" And it was goooooood
by Bill AlaskaNewsadded 3mo ago2 min read
Alyeska Seeks Land to Armor the Pipeline Against Floods
Alyeska wants more North Slope land to wall the pipeline off from flooding — the same week the rivers are rising, and a year after the Sag took out the Dalton Highway for real.
by Maggie AlaskaNews3mo ago2 min read
Senate Finance presses Alaska LNG spur line: who builds, who pays, who regulates
Senate Finance gets into the numbers of the LNG line in a hot and spicy day of meetings
by Walter AlaskaNews3mo ago3 min read
Senate Finance demands Phase 1 pipeline math before Alaska LNG tax vote
Senator Stedman blocked a vote on a $750 million annual tax break for Alaska LNG's Phase 1 pipeline until the Department of Revenue shows whether the project actually needs the 2-mill property tax cut to work financially.
by Walter AlaskaNews3mo ago2 min read
Cook Inlet gas production falls to 61 Bcf in 2025
Cook Inlet gas production fell to 61 billion cubic feet in 2025, matching annual regional demand with no winter cushion. • Daily output of 200 million cubic feet falls short of peak winter demand of 320 million cubic feet per day. • Hilcorp has drilled 192 wells since 2012 and spent $1.5 billion just to hold production steady as individual wells decline 30 to 40 percent annually. • Utilities are developing LNG import terminals to fill the gap, targeting first imports in 2027 to 2029.
by Walter AlaskaNews3mo ago2 min read
Alaska regulators say gas-line oversight hinges on federal decision
Federal regulators claim exclusive authority over Alaska's proposed North Slope gas pipeline, blocking state oversight of ratepayer costs. • The project's split into in-state and export phases may give Alaska regulators a limited role if federal jurisdiction is revisited. • Lead developer Glenfarne is targeting a final investment decision this year and first gas by 2029.
by Walter AlaskaNewsadded 3mo ago2 min read
Hilcorp seeks state lease for 1,330-acre gas storage field in Kenai
Hilcorp filed Friday for a state lease to store natural gas in 1,330 acres of subsurface rock beneath Kenai, with public comments due July 7.
by Walter AlaskaNewsadded 3mo ago1 min read
Alaska House passes new tax structure for Alaska LNG pipeline aimed at attracting investors
The Alaska House just passed the latest tax framework meant to finally install the LNG pipeline. Next, the Senate. Maybe. Pipeline still pending.
by Walter AlaskaNews3mo ago3 min read
Senate Finance weighs Alaska LNG tax worth $124M a year — and whether it's enough for host communities
Governments are making compromises on the amount of property tax they'll receive - not all are happy about it
by Walter AlaskaNews3mo ago3 min read
House Finance advances Alaska LNG tax bill, curtailing North Slope's power to negotiate
House Finance advanced Alaska LNG tax bill Wednesday: 13 cents, no side deals, double the impact fund to $80m
by Walter AlaskaNews3mo ago3 min read
Fairbanks spur line language added to Alaska LNG tax bill
Fairbanks North Star Borough secured a requirement for a gas spur line in the state LNG tax bill. Developers must build the spur to access tax breaks. Costs will spread across Railbelt users to keep rates affordable for 3500 local customers.
by Walter AlaskaNews3mo ago2 min read
Two firms seek competing gas-storage leases at Kenai Loop field
Hilcorp and ENSTAR filed competing applications to convert the depleted Kenai Loop gas field into storage, forcing the state to choose between them as Cook Inlet's gas production falls 60 percent short of winter demand for Southcentral Alaska.
by Bill AlaskaNewsadded 3mo ago2 min read
Enstar faces 2033 supply gap as Hilcorp contract expires, no Cook Inlet producer can match drilling scale
Enstar Natural Gas loses its main Cook Inlet gas supplier in 2033 when Hilcorp's contract expires, and no other producer can match Hilcorp's drilling scale, leaving Southcentral facing a supply gap unless a North Slope pipeline delivers gas by then.
by Bill AlaskaNews3mo ago2 min read
Same committee, same day, two close votes on Alaska LNG ratepayer protection — and they didn't go the same way
House Finance can't quite decide how much to protect Alaska ratepayers from LNG cost overruns — Tuesday's two votes split, with the same person providing the swing both times.
by Walter AlaskaNews3mo ago2 min read
ENSTAR Caps the Price. Stedman Eyes the Debt.
ENSTAR is locking in a $16 price ceiling, but Sen. Bert Stedman argued the costs may have just moved upstream, to the tune of $3.3 billion over 30 years.
by Walter AlaskaNews3mo ago3 min read
House Finance writes a $16 gas-price cap into Alaska LNG bill — even if Enstar's contract isn't signed
Alaska House Finance voted 6-5 Monday to write a $16-per-MMBtu price cap for natural gas into the state's Alaska LNG tax bill, protecting consumers even if Enstar's contract with the developer remains unsigned.
by Walter AlaskaNews3mo ago2 min read
House Finance amendment lets pipeline-route municipalities bill Alaska LNG directly — skipping the state appropriation step
House Finance approved an amendment allowing pipeline-route municipalities to bill the Alaska LNG operator directly for their tax share instead of waiting for state appropriation.
by Walter AlaskaNews3mo ago2 min read
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
All three major North Slope producers have signed Alaska LNG Phase 1 sale agreements — and they want their ownership to stop at the lease line
by Alaska News3mo ago3 min read
Department of Revenue presents Senate Finance with Alaska LNG breakeven modeling across cost and tax scenarios
Alaska LNG needs $9.07 per thousand cubic feet to break even under current law, or $10.69 if capital costs reach $60 billion. • Senate Bill 2001 would lower those breakeven prices to $8.54 and $9.97 respectively, but reduce state revenue from North Slope gas. • Department of Revenue presented the modeling to help Senate Finance evaluate the tax restructuring tradeoff.
by Walter AlaskaNews3mo ago2 min read
Department of Revenue presents Senate Finance with 25-scenario sensitivity analysis on Alaska LNG fiscal impact
Department of Revenue modeled Alaska LNG's fiscal impact under SB 2001 across 25 scenarios through 2062. • Baseline scenario projects $29 billion in net state revenue gains. • Worst-case scenario with $100 per barrel oil and major production losses would cost the state $16.2 billion.
by Walter AlaskaNews3mo ago2 min read
North Slope pipeline company seeks to double metering capacity at TAPS
Kuparuk Transportation Company asked Alaska regulators to nearly double metering capacity at a key North Slope pipeline pump station, from 360,000 to 634,000 barrels per day, to handle crude from new oil fields coming online.
by Alaska Newsadded 3mo ago1 min read
North Slope pipeline seeks 76% metering boost at Pump Station 1
Kuparuk Transportation Company asked Alaska regulators to nearly double metering capacity at its North Slope pipeline connection, raising it from 360,000 to 634,000 barrels per day.
by Alaska Newsadded 3mo ago1 min read
Alyeska tears down Pump Station 8 near Salcha
Alyeska Pipeline is demolishing Pump Station 8 near Salcha, 30 miles south of Fairbanks, removing buildings and tanks that have sat idle since the station closed in 1996.
by Alaska Newsadded 3mo ago2 min read
North Slope oil production set to jump 76% as new fields come online
Kuparuk Pipeline seeks permits to boost North Slope oil capacity 76 percent, from 360,000 to 634,000 barrels per day, to handle new fields including the Pikka project. Public comment deadline is June 26.
by Alaska News3mo ago1 min read
North Slope has two fields cleared for gas sales, AOGCC tells Senate
Alaska's oil regulator told lawmakers that only Prudhoe Bay and Point Thomson fields have approval to supply gas to the Alaska LNG project, which aims to start deliveries in 2029.
by Walter AlaskaNews3mo ago2 min read
Alaska LNG seeks 90% property tax cut; Kenai Peninsula pushes back
Alaska LNG is seeking a 90 percent property tax cut to proceed, but Kenai Peninsula Borough says the cut would cost local governments about $30 million annually needed to cover project impacts.
by Walter AlaskaNews3mo ago3 min read
Hilcorp seeks Cook Inlet gas storage lease at Beluga River — part of how Southcentral plans to get through winter as gas production declines
Hilcorp seeks gas storage lease at Beluga River in Cook Inlet to manage Southcentral's winter demand surge. • The site overlaps critical habitat for the endangered Cook Inlet beluga whale, population around 300. • Alaska Department of Natural Resources is taking public comment on the application.
by Alaska News3mo ago2 min read
ANWR lease sale draws $3.74m in winning bids from AIDEA, Hex Energy
The Arctic Refuge lease sale brought in $3.7 million from two bidders, a modest showing compared with the recent NPR-A sale’s 11 companies and $163 million-plus in receipts.
by Walter AlaskaNews3mo ago3 min read
HEX Operating files to renew Cook Inlet spill plan
HEX Operating filed June 3 to renew its Cook Inlet oil spill response plan covering potential discharges up to 82,500 barrels. • The renewal comes as HEX expands drilling with state-backed financing, raising stakes for Cook Inlet salmon habitat and subsistence fishing. • Public comment period runs through July 6, with hearing requests due by June 22.
by Alaska News3mo ago2 min read
