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
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025