Biden clamps down on Alaskan oil and gas
Federal government restricts activity in Alaskan petroleum reserve but leaves current arrangements like Willow alone
The Biden administration finalised a rule to restrict oil and gas development in a significant proportion of the National Petroleum Reserve – Alaska (NPR–A) on 19 April. Under the US Bureau of Land Management’s (BLM’s) new rule, 13.3m acres of the 23m acre reserve have been designated as “special areas” limiting future oil and gas leasing and industrial development, while “the rule also codifies existing prohibitions on new leasing in 10.6m acres, more than 40% of the NPR–A”. The rule will apply to existing leases within the special areas but will not alter the terms of those contracts or affect currently authorised activities under them, including ConocoPhillips’ 600m bl Willow project, app
Also in this section
6 December 2024
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now