U.S./Canada ///

ConocoPhillips to restore curtailed production as oil prices rise

The company will bring back output in Alaska and other states next month, with Canadian production coming back in the third quarter. “Given ongoing variability and uncertainty in the outlook for production curtailments, the company will continue to suspend forward-looking guidance and sensitivities,” Conoco said in a statement Tuesday.

Alaskan and Canadian oil finds new Chinese buyers as their economy restarts

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.

Interior chief predicts interest in Alaska National Wildlife Reserve leases despite oil price crash

Bleak crude prices and fuel demand forecasts won’t blunt oil company bidding for Arctic drilling rights, Interior Secretary David Bernhardt said Monday.

Wall Street is feeling the pressure to stop Arctic oil funding

The latest front in the war against drilling for oil in Alaska’s rugged wildlife refuge isn’t Washington -- it’s Wall Street.

Alaska’s $67B sovereign fund irked by green-leaning banks

Alaska’s $67 billion sovereign wealth fund, a pool that invests some of the state’s revenue from oil and other resources, is expressing displeasure with banks that oppose financing new Arctic exploration or development.

Arctic oil drilling plan coming soon, U.S. interior chief says

The Trump administration is moving to sell drilling rights in the Arctic National Wildlife Refuge, Interior Secretary David Bernhardt said Saturday.

Trump administration paves way for Arctic drilling rights sale

The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity.

USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

This new assessment updates a 2008 USGS study that estimated about 85 trillion cubic feet of undiscovered, technically recoverable gas resources within gas hydrates on the Alaska North Slope.

Alaska snow cover thinning, may pose hurdle for refuge drilling

Snow depths on Alaska’s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 Bbbl of oil.

BP focuses on deepwater, shale in historic shift south from Alaska

BP has closed one chapter in its U.S. business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s time for a new phase in the company’s American story.

Alaska is the biggest bet yet for Texas’ anti-shale oil billionaire

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, he’s making his biggest bet yet -- Alaska -- just as shale producers run out of steam.

ConocoPhillips to acquire Nuna discovery acreage in Alaska

ConocoPhillips Alaska (COPA) has announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100% of the Nuna discovery, located just east of the Colville River and approximately 5 mi southwest of Oooguruk field.

Federal judge blocks President Trump's Arctic drilling plans

The Trump administration's attempt to restore oil and gas leasing in U.S. waters was blocked by a federal judge in Alaska, delivering a win to environmentalists who argued that offshore drilling isn’t worth the risk.