Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • India: Why a Hunger Strike Is Rallying Cockroach Protesters
  • Bangkok Post – South Africa’s anti-migrant unrest led over 160,000 to flee
  • Duplo teams up with Wema Bank to automate business finances
  • Gov. Shapiro announces biotech initiative in West Philadelphia
  • FirstFT: China weighs tighter export controls on AI technologies – Financial Times
  • Nine to axe 30 jobs at the Age and SMH due to ‘extreme’ AI disruption | Nine Entertainment
  • Saudi, UAE ministers use social media to signal unity after months of tension
  • Wahaha Heiress Loses Hong Kong Appeal Over Freeze on $1.8 Billion HSBC Account
  • £2.5bn regeneration plan to transform east London waterfront unveiled – London Evening Standard
  • Automobile industry urges formal mechanism for petrol pump fuel quality checks amid E20 concerns
  • India tunnel collapse kills 10 as toxic gases hamper rescue | Humanitarian Crises News
  • Forget hygge, this little-known Malaysian secret could be the key to happiness – The Canberra Times
  • Global LNG trade hits record in 2025 as 2026 tests market resilience
  • Precautionary medical evacuation following a potential healthcare related exposure to Ebola – GOV.UK
  • Indonesia unveils ambitious plan for universal 100 mbps internet within two years, ETCIOSEA
  • Asia Minute: China and Japan argue over coral atoll in the western Pacific
  • Bank Of Chongqing Prelim H1 Net Profit Up 10.3% Y/Y — TradingView News
  • H.E. Mubaraka Ibrahim Inaugurates IBD Summit 2026 in Dubai
Tuesday, July 21
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore industries/sectors»Oil and Gas»U.S. set to hold latest oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge
Oil and Gas

U.S. set to hold latest oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge

By IslaJune 5, 20264 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Snow covers the mountains of the Brooks Range in the Arctic National Wildlife Refuge, Oct. 14, 2024, near Kaktovik, Alaska. Lindsey Wasson/AP File Photo

Administration argues the Arctic National Wildlife Refuge is a potential untapped resource

JUNEAU, Alaska – The Trump administration’s push to expand oil and gas development in Alaska faced a new test Friday, with the latest lease sale set for the Arctic National Wildlife Refuge.

Opponents of drilling in the refuge’s coastal plain have pointed to a lack of industry interest in the prior two sales held there and ongoing changes in Alaska’s arctic region due to climate change as proof the region should be off-limits to drilling. But supporters of drilling see the coastal plain, which is roughly the size of Delaware, as a potential untapped resource that could boost U.S. oil production and generate new revenue and jobs.

A coalition of conservation groups this spring sent a letter to leaders of 11 petroleum companies including major ConocoPhillips and Hilcorp, both major players in Alaska, urging them to not participate in the sale. The letter cited ongoing litigation over the leasing program, dating to President Donald Trump’s first term, and warned of “financial, operational and reputational risks.”

The letters, signed by groups including The Wilderness Society, Sierra Club and Earthjustice, called the refuge a crown jewel in the country’s public lands system and said there is strong support for protecting it, “making any action there especially visible and consequential.”

The Trump administration has taken a keen interest in Alaska, and his tax and spending bill passed by Congress last year included provisions mandating lease sales in three regions of the state. In addition to the refuge’s coastal plain, leases have also been offered in the National Petroleum Reserve-Alaska and in Cook Inlet, an aging basin that’s provided natural gas for Alaska’s most populous region for decades.

There were no takers in the Cook Inlet auction in March. But there were hundreds of bids, including from major oil companies, for what was the first sale since 2019 in the National Petroleum Reserve-Alaska – despite pending litigation challenging the leasing program. The Trump administration has moved to open more lands to drilling in the reserve and roll back protections there. The petroleum reserve is where ConocoPhillips Alaska is developing the large Willow oil project.

On Alaska’s vast, petroleum-rich North Slope, the major oil fields of Prudhoe Bay and Kuparuk lie between the National Petroleum Reserve-Alaska and the Arctic National Wildlife Refuge.

A state corporation, the Alaska Industrial Development and Export Authority, currently holds leases in the refuge but there is no active drilling. The U.S. Geological Survey has estimated that the coastal plain could contain 4.25 billion to 11.8 billion barrels of recoverable oil, but there is limited information about the amount and quality of oil.

The coastal plain, bordering the Beaufort Sea in northeast Alaska, features rolling hills and tundra and provides habitat for wildlife including musk oxen and migratory birds. It is considered sacred by the Gwich’in, because the caribou herd they rely upon calve there. Leaders from Gwich’in villages near the refuge have vowed to continue fighting to prevent drilling there.

But some Alaska Native communities have embraced development and see it as essential to the regional economy.

Nagruk Harcharek, president and CEO of Voice of the Arctic Iñupiat, an advocacy group whose members include leaders from Alaska Native communities on the North Slope, said there’s a long history of balancing development with culturally important practices, such as subsistence hunting. Responsible development is a key part of self-determination, particularly for residents in Kaktovik, the only community within the refuge, who support drilling, he said.





Source link

Related Posts

Global LNG trade hits record in 2025 as 2026 tests market resilience

July 21, 2026

Vår Energi to combine with BlueNord, building the largest independent producer of oil and gas in Europe — TradingView News

July 21, 2026

How bp is Using AI & Robotics to Boost Oil & Gas Production

July 20, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

China Scraps 12,000 Degrees in Biggest Academic Overhaul in Years

June 14, 2026

Chinese Wall may stem India tech flows for electronics and automobile

June 1, 2026

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026
Don't Miss

India: Why a Hunger Strike Is Rallying Cockroach Protesters

By IslaJuly 21, 2026

On July 18, the award-winning Indian activist Sonam Wangchuk was picked up by the Delhi…

Bangkok Post – South Africa’s anti-migrant unrest led over 160,000 to flee

July 21, 2026

Duplo teams up with Wema Bank to automate business finances

July 21, 2026

Gov. Shapiro announces biotech initiative in West Philadelphia

July 21, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

Global LNG trade hits record in 2025 as 2026 tests market resilience

By IslaJuly 21, 2026

Precautionary medical evacuation following a potential healthcare related exposure to Ebola – GOV.UK

By IslaJuly 21, 2026

Indonesia unveils ambitious plan for universal 100 mbps internet within two years, ETCIOSEA

By IslaJuly 21, 2026
Most Popular

Record-low rupiah makes Indonesia hard to resist

June 6, 2026

Three-year biotech policy drafted

May 26, 2026

Cockroach Janta Party protest LIVE: ‘Youth of the country will no longer fear’ Abhijeet Dipke leads students, youth at Jantar Mantar protest

June 6, 2026
Our Picks

China Joins India, US, UK, Japan, Germany, France, Australia and More Nations for IBTM Asia Pacific 2027 in Bangkok, Paving the Way for the Future of the MICE Sector and Business Events in Asia: New Report Reveals

April 14, 2026

‘Look, no hands’: China chases the driverless dream at Beijing car show | Self-driving cars

April 24, 2026

Inside Leeds United’s pre-season tour with Japan decision, Brazil stress test and Under 21 group

July 21, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.