Alaska and Arctic Canada - an upstream review of 2013
In 2013, a fiscal overhaul in Alaska boosted the value of the North Slope’s fields by US$5.2 billion. ConocoPhillips and BP responded by increasing capital investment and near-term activity in the state. However, the new terms could still be repealed by voter referendum in the August 2014 Alaska primary election. Leasing activity across most areas of Alaska and Arctic Canada was muted in 2013, but some explorers found success.