US Interior approves reduced ConocoPhillips Willow oil project in Alaska

The US Interior Department March 13 approved ConocoPhillips’ Willow oil and gas project in the National Petroleum Reserve-Alaska, allowing the company to proceed with its $8 billion plan to boost oil output by an estimated 180,000 b/d. The decision came one day after President Joe Biden announced new restrictions on oil and natural gas exploration off Alaska’s Arctic Coast, along…