TransCanada Corporation received the support of the Alaska Legislature to award the company a license for the Alaska Pipeline Project under the Alaska Gasline Inducement Act (AGIA).
“The Legislature’s decision represents a significant milestone in advancing this major natural gas pipeline project to connect stranded U.S. natural gas reserves to Alaskan and Lower 48 consumers. We [...]

“The Florida-based UPDA (www.updastock.com) is doing its part to help the U.S. become more energy independent by buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. “Americans use over 20 million barrels of oil a day, over half of which is imported,” said Abdullah. [...]

Brooks Range Petroleum Corporation says it’s drilling an exploratory well this winter on the North Slope. The small Anchorage-based firm says it wants to confirm an oil accumulation just north of the giant Prudhoe Bay field that had been tested in 1974. The company says a drilling rig began work on the North Shore Number-One [...]

Bow Valley Energy Ltd. said that the first well of a two-well exploration program on the North Slope of Alaska commenced drilling operations Thursday.
The North Shore No. 1 well was spud using the Nabors Alaska drilling rig No.16E. The well should take approximately 30 days to drill, after which the rig will move to the [...]

Energy giant BP has said that net profits dipped in 2006, reflecting a decline in production and refining margins, despite record peaks for crude oil prices in the middle of the year.
Fourth-quarter profits meanwhile slid following recent oil price losses, combined with higher safety costs following the deadly Texas City refinery blast in 2005.
BP also [...]

Gov. Sarah Palin told lawmakers Wednesday to soon expect legislation outlining the process for a natural gas pipeline.
In her first State of the State address, Palin minced no words about her priorities for this year’s legislative session, which began on Tuesday.
“This gas line, it’s going to fuel our homes, our economy, and careers for Alaskans [...]

Opponents of oil drilling in an Alaskan wildlife refuge are going on the offense after playing defense for a quarter of a century. They want the new Democratic Congress to make an oft-challenged drilling ban permanent.
Legislation introduced in the House on Friday would make the oil-rich 1.2 million-acre coastal strip of the Arctic National Wildlife [...]

About half the oil and more than a quarter of the natural gas beneath 99 million acres of federal land are off-limits to drilling, the Bush administration said Tuesday.
In a report sought by industry and ordered last year by Congress, the Interior Department’s Bureau of Land Management said just 3 percent of the oil and [...]

Sarah Palin’s gubernatorial campaign slogan “New Energy for Alaska” promised a fresh look at Alaska’s future and hinted that the energy industry would feature high on her administration’s agenda. But now that the campaign dust has started to settle, it’s worth a look at what the governor-elect said and what it might mean for Alaska’s [...]

Shell is moving ahead with its plans for drilling exploration wells in the Beaufort Sea next year.
Shell plans two wells at the Siv Ullig field and two wells east of that at a location named Olympia, Paul Smith, Shell operations manager, said at a recent National Marine Fisheries Service meeting.
Siv Ullig was previously known as [...]