Offshore in Cook Inlet, a 'silent economy' hunts for gas to keep Alaska running Northern Journal helicoptered out to the offshore rig drilling for the increasingly scarce natural gas that powers urban Alaska.
Amid gas crunch, Alaska could revoke leases from a company whose drilling has stalled The Dunleavy administration is threatening to strip Texas-based BlueCrest Energy of oil and gas leases near Anchorage, saying it’s failed to advance development that could delay urban Alaska's impending gas shortage.
Interesting stuff: Dunleavy attends Trump fundraiser, solar for Alaska airports, and a company wants $50 million in state loans for natural gas drilling Also: A renewable energy advocacy group says a recent ruling by state regulators is an "abdication" of their responsibility, and a contested election for leadership of Alaska's largest statewide Native organization.
Small Cook Inlet producers say they need state government help before drilling for new natural gas 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.