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Cook Inlet Production Up, But Energy Concerns Not Over
According to the state’s Department of Revenue, Cook Inlet production increased by 13 percent last year. Up-and-coming companies, like Hilcorp, spent $300 million this year on their investments, including drilling 10 new wells and working over more than 70 old ones. So does the Cook Inlet Renaissance mean that Southcentral’s energy woes are over?
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Will Smaller Capital Budgets Mean Fewer Jobs?
During the recession, Alaska lawmakers spent record amounts on infrastructure as a way of putting people to work. They even went as far as calling their capital budgets "job bills." But with less tax money coming in, the days of fat capital budgets are coming to an end. Should Alaskans be worried about what that means for the state unemployment rate?
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UAA Tops Out New Engineering Building
The final piece of steel in the University of Alaska Anchorage's new engineering building was put into place today. It marks the beginning of the end for a decade of vast expansion at the university.
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Alaska News Nightly: November 20, 2013
Stebbins Resident Weather Western Alaska Storms; Tlingit Code Talkers Receive Recognition; ConocoPhillips Adding New Drill Rig To Kuparak Oil Field; Alaska Oil and Gas Conservation Commission Revises Hydro Fracking Regs; Alaska's Insurance Director Resigns; Tennis Decision Postponed, Assembly Questions Funding; Snow, Freezing Rain Headed To Anchorage; Feds Finailze Otter Use Guidelines; State Gets More Time For Fairbanks Air Quality Improvement Plan; UAF Celebrates Ted Stevens’ Birthday With New Mapping Exhibit
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ConocoPhillips Adding New Drill Rig To Kuparak Oil Field
ConocoPhillips announced Wednesday that they are adding another new drill rig to the Kuparak oil field on the North Slope. This is the second rig they’ve added this year since the new oil tax bill was signed into law. The drill rig they installed in May is producing 1,600 barrels of oil per day.
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LNG Pipeline Plan Suggests State Ownership Stake
The Department of Natural Resources has released a roadmap for getting a natural gas pipeline built, and it involves taking on a multi-billion-dollar ownership stake in the project.
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ConocoPhillips Releases 3rd Quarter Earnings
Conoco Phillips has released its third quarter Alaska earnings. According to a release Thursday, the oil company earned adjusted earnings of $494 million in the third quarter of 2013.
Point Thomson development moving ahead
Soon after Alaska became a state, nearly 50 years ago, Exxon Mobil began buying leases at Pt. Thomson on the eastern side of the North Slope. Now, after a seven year legal battle with the state, they are starting to develop the area.
Nikiski Top Pick For Gasline Terminal
Since natural gas was discovered on the North Slope, there's been talk of building a pipeline to get it to market. But where should that pipeline end? Exxon, BP, ConocoPhillips, and TransCanada announced on Monday that Nikiski is their top choice for a stopping point.
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Alaska News Nightly: October 7, 2013
Nikiski Top Choice For LNG Pipeline Destination; Great Bear Says Alaska’s Shale Has Great Potential; Big Wind Storm Predicted To Hit Anchorage During Morning Commute; Salvage Begins On Sunken Tender In Haines Harbor; Furloughed Employees Struggle To Pay Bills; Badly Beaten Teen Remains Unconscious; Fairbanks Police To Play Support Role In Fairbanks 4 Review; Anchorage, Native Corporation Disagree on Gas Revenues; YK Delta Company Competing For Super Bowl Commercial Time
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Getting Alaska Back on the Global Energy Map
President, ConocoPhillips Alaska, Trond-Erik Johansen was recorded speaking on “Getting Alaska Back on the Global Energy Map” at the Alaska World Affairs Council in Anchorage on September 27, 2013.
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ConocoPhillips Evaluating Request To Reopen Kenai Peninsula LNG Facility
The state of Alaska is asking ConocoPhillips to reopen its liquefied natural gas plant on the Kenai Peninsula.
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Alaska News Nightly: September 17, 2013
Southeast Alaska Experiencing Strong Economic Growth; Search Continues For New Major Partner For Pebble Mine; Delegation Skeptical Of Pebble’s Future; ConocoPhillips Evaluating Request To Reopen Kenai Peninsula LNG Facility; No State Aid In Sight For St. Lawrence Island Communities After Disaster Declaration; Fairbanks Voters To Decide On 2 School Bond Propositions; Muni Rejects Union Dues Initiative; Alaska Supreme Court To Consider Healy-Area LNG License Appeal; Minnesota Man Completes 5,000 Canoe Trek
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Oil Tax Battle Wages On Through Regulatory Process
After a bill gets signed into law, coming up with the regulations to implement it is supposed to be the boring part. But when it comes to oil taxes, the way regulations are written could mean millions of dollars for either the state, or for oil companies. Now, both supporters and opponents of the recently passed tax overhaul aren't totally pleased with how the regulatory process is going.
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With Arctic Growth Looming, Airlines Put Off Planning
Executives at Alaska Airlines and Peninsula Airways admit that their service to Unalaska isn’t perfect. Lopsided demand for flights and rough Aleutian weather already make it tough for them to serve the community. But huge demand from Arctic oil employees might make it even tougher. As KUCB’s Lauren Rosenthal reports in a follow up to yesterday’s story, Unalaska faces an uphill battle to get better air service before growth picks up in the Arctic.
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How Much Are Companies Spending Lobbying Juneau?
There are over 10,000 registered lobbyists in Washington, DC. By contrast, Juneau barely breaks the hundred mark. But even though they're a small tribe, they still wield plenty of influence in the state capitol.
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A consortium of 10 Arctic, coastal village corporations recently formed the Bering Sea Alliance and invited Shell, ConocoPhillips and Statoil to a meeting in the community of Wales. The Seward Peninsula village is northwest of Nome.
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Alaska News Nightly: June 28, 2013
House Passes Bill To Increase Offshore Oil, Gas Drilling; Polar Star Headed For Arctic Ice Trials; Village Consortium Discusses Regional Impacts Of Development; Sea Lion Pup Born At SeaLife Center; New Policies Change Yukon Commercial, Subsistence Fishing; Family Of Man Shot By Officer Holds Vigil, Calls For Change; AK: A Remote Cruise; 300 Villages: Teller
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Lawsuit Filed To Block Bridge To Alaska Reserve
A second lawsuit is challenging an Army Corps of Engineers permit granting ConocoPhillips access to leases within the National Petroleum Reserve- Alaska.
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Alaska News Nightly: June 5, 2013
Galena Residents Begin To Rebuild; New Mexico Man Killed In Petersburg-Area Plane Crash; Many Gather To Remember Katie John; New Oil Spill Technology A ‘Game Changer,’ Says CIRCAC; Lawsuit Filed To Block Bridge To Alaska Reserve; Lesil McGuire Announces Candidacy For Lieutenant Governor; New Honorary Consul An Opportunity For Alaska
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