ConocoPhillips leads Big Oil back to Alaska as Middle East crisis shifts energy strategy

The landscape of global energy investment is undergoing a significant structural shift as international oil companies (IOCs) re-evaluate their geographic priorities. For years, the industry focused on fast-growing, low-cost shale basins or high-yield emerging markets, often leaving mature provinces like Alaska in the background. However, the escalating crisis in the Middle East has fundamentally altered the risk-reward calculus for the world’s largest energy producers. This…