Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Texas company eyeing new oil pool in Alaska’s Cook Inlet

The plea comes as a state Senate working group has been scrutinizing the program, which paid $628 million last year to companies on the North Slope, in Cook Inlet and other areas.
(Bill Montgomery/Houston Chronicle)

Oil companies lose trans-Alaska pipeline case

The ruling states that the project to update four pump stations and control systems along the 800-mile line, known as Strategic Reconfigurations, was “imprudently” managed.
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Alaska buys out TransCanada’s interest in gas project

Legislators earlier this month approved funding for the state to buy out the Canadian pipeline company’s interest in the project, giving the state a greater stake.
FILE - In this Sept. 6, 2013, file photo, Ingrid Forsmark kayaks on Kintla Lake in Glacier National Park, Mont. The Interior Department plans to cancel a long-suspended oil and gas drilling lease near Glacier National Park that's on land considered sacred to the Blackfoot tribes of the U.S. and Canada, according to court documents filed Monday, Nov. 23, 2015. (AP Photo/Matt Volz, File)

U.S. to cancel lease on land sacred to Blackfoot Indian tribes

Tribal leaders said such a move would make up for a wrong done to them in 1982, when the government issued the lease without consulting the tribes.
(Kristian Helgesen/Bloomberg)

Norway faces 20 percent drop in oil investment after prices slump

Norway’s oil companies reduced their exploration-spending forecast for next year by 35 percent from the previous quarter’s estimate, and foresee a “sharp decline” in the number of offshore wells, Statistics Norway said.
(AP file photo/Marco Garci)

Tesoro buying assets in Alaska

San Antonio-based refiner Tesoro said it’s buying all of Flint Hills’ wholesale fuel marketing contracts in Alaska, along with a terminal in Anchorage with 580,000 barrels of storage, a truck rack and rail-loading capability.
(Kristian Helgesen/Bloomberg)

Statoil sees more Norway oil exploration cuts amid Arctic halt

Norway’s biggest oil explorer and producer is set to drill 16 wells in the country as an operator in 2015, down from 21 last year.

ConocoPhillips approves $900 million Arctic reserve project

The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Statoil to exit Arctic leases north of Alaska

Statoil’s announcement comes two months after Royal Dutch Shell announced it would abandon its $7 billion Arctic drilling efforts in a neighboring part of the Chukchi Sea north of Alaska, after drilling a dry hole.
Shell's executive vice president for the Arctic, Ann Pickard, stands in front of the massive legs of the Transocean Polar Pioneer while it is being loaded with supplies in Seattle. Shell Oil Co. plans to use the Polar Pioneer and the Noble Discoverer to bore two exploratory oil wells in its Burger Prospect in the Chukchi Sea, about 70 miles northwest of the Alaska coast. Pickard, 60, took over Shell's Arctic portfolio in 2013 -- the latest step in a long career that included a three-year stint in Australia and five years heading Shell's interests in Nigeria.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell’s top Arctic exec is retiring, will join KBR board

Shell ended its $7 billion Arctic venture after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.