There will be blood; Shot in the arm for gas drillers; $2.6m for Livengood

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Oil There are no winners in oil markets price war Dan K. Eberhart, Forbes, March 9, 2020 The collapse of last week’s OPEC meeting launched an all-out price war that will have far-reaching implications for global oil markets and its three largest producers, the United States, Russia and Saudi Arabia.   Much ink has been spilled on the devastating impact that … read more

Oil’s worst day since the Gulf War; Who’s Backing Coal?

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Oil Global oil production war threatens to impact state revenues Matt Leseman, KTUU, March 8, 2020 Alaska is caught in the crossfire of an oil production war between Russia and Saudi Arabia.  “Friday, oil prices dropped almost 10%, in just one day,” said Oil and Gas Analyst Larry Persily.  As of Sunday, the price of Arctic North Slope crude, was … read more

Hilcorp increases production; Blocking gas bans; Alaska shines for mining

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Oil Hilcorp revived this declining North Slope oil field. Can it do the same for Prudhoe Bay?Nathaniel Hertz, Alaska’s Energy Desk, March 5, 2020 For three decades, the overarching story of Alaska’s big North Slope oil fields has been one of decline, with production gradually sinking as companies pumped out the most easily accessible crude.  But over the past few … read more