More Alaska crude flows to Asia as Strait of Hormuz stays shut Two tankers have departed Valdez for Asia in recent weeks — the same number that shipped oil to Asia in all of 2025.
The state of Alaska could spend nearly $200 million on oil exploration, leasing in Arctic refuge Alaska’s economic development agency, AIDEA, wants to conduct geologic testing on its existing oil leases — and to bid on new ones — in the Arctic National Wildlife Refuge.
With one of two wells drilled, Hilcorp to pull out of Yukon Flats The wells was drilled on Indigenous-owned land, in a program that prompted sharp opposition from area tribes.
A giant lease sale could launch a new era of oil on Alaska's North Slope Two huge companies thought to have little interest in Alaska investment, Shell and ExxonMobil, spent millions to buy new leases on the North Slope — though drilling still faces obstacles.
ConocoPhillips says North Slope drilling will continue mostly as planned after rig collapse The company said it will replace “The Beast” with another Doyon rig.
Hilcorp chairman: We’re going to Venezuela Two big players in Alaska’s oil industry say they’re keen on investing in post-Maduro Venezuela.
A small Texas firm is gearing up for a $150 million search for oil beneath the Arctic Ocean Narwhal Exploration is one of three small, privately owned companies with offshore leases in West Harrison Bay, a promising but largely unexplored area once controlled by Shell.