U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump's executive order enabling them to do so, company officials and industry ...

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Higher-than-forecast oil prices may take a bite out of the deficit, but spending from savings will likely still be needed.

JUNEAU — The Alaska Legislature is facing a substantial deficit in the upcoming fiscal year, due largely to diminished oil ...

Located on Alaska’s North Slope, the Megrez-1 well was drilled to delineate the eastern part of the Ahpun field with the aim of proving the existence of 510 million barrels of oil and about 100 ...

This “Indiana” sized piece of land in Northwest Alaska is home to an estimated 8.7 billion barrels of crude oil. If Trump gets COP approval to operate on this reserve, that could really open ...

January 8, 2025 • Alaska's oil and gas sector has long been in decline. From a peak of oil production in the 80s, more than 2 million barrels per day, to a 75% drop to under 500,000 today.

Drilling in Alaska's pristine Arctic refuge has ... the Beaufort Sea is estimated to have up to 11.8 billion barrels of recoverable oil, enough to supply the U.S. for more than a year and a ...