2021 was a fairly quiet year for Alaska’s upstream sector. While recovering from some of the challenges of 2020, new hurdles were raised. A few key events stood out: How did production fair after the shut-ins and project delays seen in 2020? What transpired in the highly contentious ANWR leasing sale? Which exploration wells were drilled and what did they find? And what happened to the much-anticipated FIDs of both Pikka and Willow that failed to materialise? We take a look at the key events and trends across exploration, leasing, production and M&A in this review of the year.