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.
New Alaska Bitcoin mine would use as much power as the state’s largest coal plant produces The startup planning the operation near the North Slope oil fields would power its computers not with coal but with another fossil fuel: natural gas that’s currently going unused.
Above the Yukon River, on Native land, Hilcorp is set to drill for oil this summer Hilcorp has signed oil leases with Doyon, the Indigenous-owned corporation for Interior Alaska, which hopes the drilling effort will yield the state’s next big oil field. But there’s fierce opposition from local tribes.
Rolling blackouts could loom for urban Alaska as natural gas crunch intensifies Homer Electric Association, which serves much of the Kenai Peninsula, recently announced that it secured an “interruptible” gas agreement for the next year — meaning that it could experience a shortfall of the fuel during a cold snap.
In latest sign of North Slope’s evolution, privately owned Texas company targets Chevron’s Alaska assets A little known Texas company is buying a share of a key North Slope pipeline and asked to buy all of Chevron's oil interests in the region — reviving questions about the Alaska oil industry’s capacity to decommission aging infrastructure and pay damages in the event of a spill.