Dear Mr. Brena: I just lost my job on the Slope, and don’t know when or if I’ll get back on. I used to feel lucky that I survived the support industry layoffs that happened from 2015-2018, when more than 6,000 Alaskans lost their jobs.  I don’t feel so lucky anymore.   Because of what’s happening with oil prices around the … read more

OIL From the Washington Examiner, Daily on Energy: PRICE RECOVERY FALLS SHORT: The oil price recovery of recent weeks is not sufficient for a significant chunk of producers.  Nearly a third of executives (27%) from 165 oil companies polled by the Dallas Fed said oil prices would have to rise to between $41 and $45 per barrel for the majority … read more

OIL How the worst oil price crash in history changed the upstream industryWood Mackenzie, June 24, 2020 2020 capital expenditure will be US$130 billion lower than our pre-crash view. In total, we have cut US$530 billion of investment (2020 terms) from our outlook for 2020-25 – led by reduced activity in North America: Alaska 2020 budgets have been slashed, production … read more