One way out of Alaska’s impending natural gas shortage could sit under the ocean floor, a few miles north and offshore of the Kenai Peninsula community of Anchor Point. There, a company says it’s ...

When, in 1966, Atlantic Richfield Company (ARCO) was balking at continuing to explore for oil at Prudhoe Bay, Gov. Wally Hickel told them, “Drill or I will.” As Hickel later described it in his oral ...

Industry watchers say the lukewarm response to the hotly contested sale points to a long-term trend of low interest in the inlet's federal waters. (Sabine Poux/KDLL) After months of back-and-forth ...

More than 70% of Alaskans live in the communities along the railbelt. Residents of those communities are facing a spike in energy costs that will bring up prices statewide, due to a looming shortage ...

A federal deadline came and went this week for oil companies to bid on around 1 million acres of drilling territory off Alaska’s Cook Inlet. “At this time, no bids have been received,” the Bureau of ...

Hilcorp Alaska LLC won an exploration tract Dec. 30 in the federal waters of Cook Inlet, Alaska, after submitting the only lease bid to the Bureau of Ocean Energy Management. Cook Inlet Planning Area ...

WASHINGTON - Federal regulators announced Friday they are opening a "new chapter in oil and gas development" in the U.S. with lease sales slated for substantial areas in the Gulf of America and Alaska ...