Latest news with #NationalPetroleumReserve
Bloomberg
14-07-2025
- Business
- Bloomberg
ConocoPhillips Seeks to Expand Oil Exploration in Alaskan Arctic
ConocoPhillips is pushing to explore for more oil near its mammoth Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state's Arctic north. The company filed applications Monday with federal regulators asking to drill four new test wells and undertake seismic studies to search for additional oil in the National Petroleum Reserve-Alaska. It is ConocoPhillips' largest proposed exploration campaign since 2020.
Wall Street Journal
01-07-2025
- Business
- Wall Street Journal
The Alaskan Extraction
Say this for Alaska Sen. Lisa Murkowski. The Republican who provided the final, decisive vote to pass the Senate reconciliation bill didn't sell her services cheap. Start with increased oil and gas leasing in Alaska, which the Biden Administration restricted. The bill requires the Interior Secretary to resume oil and gas lease sales in the National Petroleum Reserve and requires a minimum of six off-shore leases between 2026 and 2032. Alaska will receive 70% of the royalties from this new production.
Mint
24-06-2025
- Business
- Mint
Public Land Sales Blocked From Inclusion in Trump's Tax Bill
A Senate proposal to sell millions of acres of public land to help pay for President Donald Trump's massive package of tax cuts and spending has been blocked by the Senate's rule keeper. The parliamentarian ruled the proposal — which would have raised billions through the sale of as much as 3 million acres of federal land — is outside of the scope of the fast-track budget process Republicans are using to pass the legislation implementing a $4.2 trillion tax cut. While it's possible Republicans can try to re-write the proposal so it complies with Senate rules, the decision represents a victory for conservation and environmental groups who were vehemently opposed to the plan. 'Democrats will not stand idly by while Republicans attempt to circumvent the rules of reconciliation in order to sell off public lands to fund tax breaks for billionaires,' the Senate Budget Committee's top Democrat, Jeff Merkley of Oregon, said in a statement. The budget process, which is immune to a filibuster, can be used for legislation primarily aimed at revenue and spending, not for making other changes to public policy. Other parts of the Senate bill that were ruled not to be in compliance with the fast-track procedure include language that would automatically approve permits needed to export liquefied natural gas to applicants who paid a fee, and new fees imposed on renewable energy projects on public land. A provision nullifying lengthy environmental reviews for offshore oil and gas projects was also thrown out. Democrats are challenging more portions of the Senate's bill including measures that would mandate oil and gas lease sales in Alaska's National Petroleum Reserve. The Senate is expected to begin voting on the legislation as soon as this week. With assistance from Erik Wasson. This article was generated from an automated news agency feed without modifications to text.
E&E News
14-06-2025
- Business
- E&E News
9th Circuit allows Willow project to proceed but gives the agency homework
A federal appeals court is largely upholding the Interior Department's approval of ConocoPhillips' massive Willow project in Alaska's National Petroleum Reserve, even as it ordered some supplemental environmental reviews. In a 2-1 decision, a panel on the 9th U.S. Circuit Court of Appeals found Interior's Bureau of Land Management failed to fully explain its rationale for selecting a scaled-back project design that included three drilling areas in the remote Arctic region. 'BLM's lone error is at heart a procedural, not a substantive violation,' said Judge Ryan Nelson, a Trump appointee, writing the majority opinion for the court in the consolidated case. Advertisement 'And while some procedural errors could be 'serious,'' Nelson continued, 'this one is not.'
Fox News
09-06-2025
- Politics
- Fox News
AK lawmakers claim ‘victory' as feds begin reversal of ‘illegal' Biden rule restricting AK oil and gas
Alaska's congressional delegation praised President Donald Trump and Interior Secretary Doug Burgum for starting the process of rescinding a Biden-era rule that restricted oil and gas exploration in the resource-rich National Petroleum Reserve in Alaska. Sen. Dan Sullivan said Burgum announced the move at a town hall in Utqiagvik (formerly Barrow) at the northern tip of the vast state, where local natives applauded because they "understand better than anyone" why responsible oil production is key to their communities' livelihood. Sullivan called the Biden-era rule "illegal" and said it turned vast swaths of an area originally intended for domestic energy production into "de facto wilderness." "Responsible resource development has transformed the lives of the Iñupiat people, supporting the construction of clinics, gymnasiums, water infrastructure—basic amenities most Americans take for granted," Sullivan said. Burgum said his agency determined the 2024 rule exceeded the federal government's bounds under a 1976 petroleum reserve law and also creates "unnecessary barriers to responsible energy development in the National Petroleum Reserve in Alaska." "Congress was clear: the National Petroleum Reserve in Alaska was set aside to support America's energy security through responsible development," he said, adding the prior rule "prioritized obstruction over production." Rep. Nick Begich III called the decision a "major victory" and said that he will work with Trump to ensure responsible resource development. "This is a victory not only for those who support responsible development, but also those who believe in the rule of law," added Sen. Lisa Murkowski. "The 2024 management rule clearly violated the law, establishing restrictions and a presumption against development as part of the last administration's effort to turn the North Slope into one giant tract of federal wilderness," she continued. "Repealing the rule will not weaken our world-class environmental standards, but it will enable Alaska to produce more energy as Congress intended. The result will be good jobs for Alaskans, more affordable energy for America, and significant new revenues for government." In January, Gov. Mike Dunleavy told Fox News Digital that a final, congressionally-mandated sale of land for development in the Arctic National Wildlife Refuge (ANWR) was set up to fail – characterizing it as a parting shot by the last administration toward the Last Frontier. "These leases should be executed in good faith along the established historical processes. And obviously, the Biden administration in the past four years has just been brutal on Alaska," he said at the time, envisioning that the Trump administration would do just as Burgum announced this week. At the time, Murkowski also said that a now-former Interior official "openly admitted" during a working group that the process with which the restrictions were set upon ANWR was done in a way to intentionally circumvent the Congressional Review Act. That law was what allowed other Senate Republicans to undo several Biden-era EPA actions last month with a simple floor vote.
