In the climate debate, natural gas is cast as both hero and villain. For protestors at the COP26 climate conference in Glasgow, producing and burning natural gas is unequivocally bad, a danger to the planet. “We cannot have any fossil fuel development if we are to have a fighting chance of staying below 1.5 degrees,”…
North Slope
Rise in oil prices could add $1.2B in state revenue for Alaska, preliminary forecast says
State slightly lowers forecast for production due to uncertainty over large projects.
Global supply shortages are driving up Alaska oil prices
The short supply is being driven largely by COVID-19. When the pandemic first hit in 2020, demand for crude oil collapsed and OPEC scaled back production dramatically.
Alaska’s oil and gas jobs have failed to rebound from pandemic losses, slowing state’s recovery
The number of jobs in Alaska’s oil and gas industry remains relatively low after companies cut nearly a third of the workforce during the COVID-19 pandemic.
Exxon transfers Point Thomson operations on Alaska’s North Slope to Hilcorp
Hilcorp became the main oilfield operator in the state after it bought BP’s Alaska assets last year.
Alaska’s North Slope grapples with soaring COVID-19 infection rate, low vaccinations
Some North Slope communities there have seen their first infections of the pandemic during the surge driven by the delta variant.