Tuesday, January 21, 2025
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Oil & Gas

Dunleavy allies tap AIDEA slush fund for $50 million for gas pipeline study, bypassing the Legislature

Mining Dermot Cole -
Two state-owned corporations that don’t act without the blessing of Gov. Mike Dunleavy have cooked up a plan to tap into a slush fund to provide a $50 million guarantee to pay for a gasline study.
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Alaska-owned corporation approves $750,000 for legal fights over Ambler Road and ANWR

Environment James Brooks, Alaska Beacon -
The corporation is preparing to bid on an upcoming oil and gas lease sale in the Arctic National Wildlife Refuge.
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State-owned Alaska corporation approves up to $20 million for potential Arctic refuge oil bid

Economy James Brooks, Alaska Beacon -
AIDEA voted unanimously to spend up to $20 million to prepare and possibly submit bids in an upcoming oil lease sale in ANWR.
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Hilcorp again eyes Interior Alaska for oil exploration

Environment Nathaniel Herz, Northern Journal -
Hilcorp has previously explored in the area in a partnership with Doyon, the Native-owned regional corporation for Interior Alaska. 
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Biden reverses Trump’s effort to end environmental protections for 28 million acres of Alaska

Environment Matt Acuña Buxton -
Interior Secretary Deb Haaland announced today that federal protections against mining, oil and gas development on 28 million acres of federal land in Alaska will stay in place.
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Small Cook Inlet producers say they need state government help before drilling for new natural gas

News Nathaniel Herz, Northern Journal -
One company, Bluecrest, said it will need more support even after a state agency agreed to forgive some $7 million in loans. Another company, HEX, says it needs the state to agree to a royalty reduction before it will drill a well.
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Alaska’s embattled economic development agency signs contracts with seven law firms

Economy Nathaniel Herz, Northern Journal -
AIDEA has long used outside attorneys. What’s new is selecting firms in advance, which the agency's leader says allows work to happen more quickly than going through the state’s procurement process each time an issue comes up.
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Shell abandons North Slope oil leases, raising questions about the industry’s future in Alaska

Environment Nathaniel Herz, Northern Journal -
As the world pivots toward lower-carbon energy sources in response to global warming, experts say some of the state’s hard-to-tap oil prospects are becoming less attractive.
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Eight young Alaskans sue to block proposed trans-Alaska natural gas pipeline

Environment James Brooks, Alaska Beacon -
The plaintiffs say the pipeline will contribute to climate change that harms their ability to access fish, wildlife and natural resources.
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Gov. Dunleavy examining energy bills passed by Alaska Legislature

Environment Yereth Rosen, Alaska Beacon -
The governor expressed optimism about a bill on carbon storage and other energy provisions but was pondering next steps on royalty relief bills that failed to pass.
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