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  • Energy

    Alaska gasline corporation opens office in Japan

    by Liz Raines on Jan 19, 16:28

    The Alaska Gasline Development Corporation (AGDC) is opening an office in Tokyo, according to a Jan. 12 notice from the agency and Gov. Bill Walker. The notice specifies Masatoshi Nick Shiratori as director of the office. Aside from the notice, the decision has not been publicly announced. Grace Jang, a spokesperson for Walker, called use […]

  • Energy

    Idaho company sees record silver production at Alaska mine

    by Associated Press on Jan 18, 6:35

    A metal mine in southeast Alaska has reached its highest level of silver production since an Idaho-based company took full ownership of the property in 2008. The Alaska Journal of Commerce reports that Hecla Mining Co. released its 2016 results last week for the Greens Creek mine west of Juneau. The mine produced 9.3 million […]

  • Energy

    Demolition begins on shuttered North Pole refinery

    by Associated Press on Dec 29, 9:30

    Demolition has begun on a shuttered interior Alaska refinery that once produced jet fuel, heating oil, gasoline and asphalt from North Slope oil carried in the trans-Alaska pipeline. The Fairbanks Daily News-Miner reports Flint Hills Resources has started tearing down the North Pole Refinery. Spokesman Jeff Cook in a prepared statement says no one was […]

  • Energy

    Alaska predicts rise in oil prices, drop in production

    by Associated Press on Dec 21, 7:09

    The state Department of Revenue predicts an increase in oil prices next year will provide Alaska with hundreds of millions of dollars in additional revenue. Alaska’s Energy Desk reports that the department’s tax division released its semi-annual report on the state’s fiscal climate this week. Tax officials expect oil prices to rise over the next […]

  • Energy

    Small oil company delays loan repayment after Walker cut tax credits

    by Liz Raines on Dec 01, 20:22

    Last summer, Gov. Bill Walker postponed hundreds of millions of dollars in oil tax credit payments for the second year in a row. “We just didn’t have the cash flow to fund those at this point,” Walker explained after announcing the budget veto in July. Now, companies that were counting on those credits say they’re feeling […]

  • Energy

    ConocoPhillips to sell more Cook Inlet assets

    by Associated Press on Nov 21, 12:28

    ConocoPhillips is looking to sell its Cook Inlet natural gas plant. Alaska’s Energy Desk reports that the Houston-based energy company on Thursday announced that it is putting its Kenai LNG plant up for sale. ConocoPhillips spokeswoman Amy Burnett says the company wants to focus on operations in the North Slope. She says the plant has […]

  • Energy

    Dakota Access pipeline protesters congregate again at bridge after overnight clashes with police

    by Associated Press on Nov 20, 21:50

    CANNON BALL, N.D. (AP) – The Latest on the protest against the Dakota Access oil pipeline. (all times local): 11:15 a.m. Dakota Access oil pipeline protesters are congregating again at a shut-down bridge on a state highway near their camp in southern North Dakota where they clashed with law officers overnight. Dallas Goldtooth with the […]

  • Energy

    Obama blocks new oil, gas drilling in Arctic Ocean

    by Shannon Ballard/AP on Nov 18, 9:26

    The Obama Administration is blocking new oil and gas drilling in the Artic Ocean, citing the regions fragile and unique ecosystem. It’s a victory for environmentalists such as Rick Steiner, who said industrial activity in the icy waters could hurt marine mammals. “Even if nothing goes wrong, the risks and impacts are unacceptable,” Steiner said. […]

  • Energy

    Trump eyes oil billionaire, lawmaker for energy secretary

    by Julie Pace / AP White House Correspondent on Nov 14, 8:17

    An oil billionaire, a North Dakota lawmaker and a former Bush administration official are being considered to run Donald Trump’s Energy Department, according to transition planning documents obtained by The Associated Press. The documents, which are being closely scrutinized by energy lobbyists in Washington, also outline early policy priorities for a Trump administration. Topping the […]

  • Energy

    Senate GOP leader says he asked Trump to back Keystone XL pipeline

    by Associated Press on Nov 11, 10:54

    The top Republican in the Senate says he asked President-elect Donald Trump to move swiftly in approving construction of the Keystone XL pipeline. Senate Majority Leader Mitch McConnell of Kentucky told reporters on Friday that he made the request during his Capitol Hill meeting with Trump a day earlier. President Barack Obama had vetoed legislation […]

  • Energy

    Murkowski, Young to pursue Arctic refuge drilling

    by Becky Bohrer / AP on Nov 09, 15:30

    U.S. Sen. Lisa Murkowski hopes to advance a proposal to allow for oil and gas drilling in the Arctic National Wildlife Refuge, seeing an opportunity with Republicans controlling Congress and Republican Donald Trump set to become president. Murkowski told reporters she will continue chairing the Senate energy committee and will work early on to push […]

  • Energy

    Utility subsidiary seeks withdrawal from state oversight

    by Associated Press on Nov 01, 6:56

    KENAI, Alaska (AP) – As the Homer Electric Association moves forward with its election to withdraw from the oversight of the state utilities regulator, the company’s subsidiary is also planning a deregulation election. The subsidiary, Alaska Electric and Energy Cooperative, operates as a separate cooperative with HEA as its only member. The Regulatory Commission of […]

  • Energy

    US oil rig count up 15 this week to 539

    by Associated Press on Oct 14, 14:01

    The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 539. A year ago, 787 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 432 rigs sought oil and 105 explored for […]

  • Energy

    ConocoPhillips inks deal for new extended reach drill rig

    by Associated Press on Oct 06, 13:37

    Doyon Drilling Inc. has signed a contract with ConocoPhillips Alaska to build an extended reach drilling rig that can be used on Alaska’s North Slope. The rig will be used first on a field northwest of the Alpine field. ConocoPhillips says the rig will increase the area that can be drilled from one site from […]

  • Energy

    Hilcorp to create new gas wells near Ninilchik

    by Associated Press on Oct 05, 8:33

    State officials have approved a plan for Hilcorp Alaska to develop a gravel pad southeast of Ninilchik on the Kenai Peninsula to support natural gas drilling operations. The Peninsula Clarion reports the Alaska subsidiary of Houston, Texas-based Hilcorp Energy Co. applied last year to build the pad to make way for new exploration wells. The […]

  • Energy

    Oil company claims significant North Slope discovery

    by KTVA CBS 11 News on Oct 04, 8:43

    About 50 miles from Barrow, Caelus Energy Alaska said the company’s Smith Bay site could produce “200,000 barrels per day of light, highly mobile oil.” If their claim is true, it could be one of the biggest oil discoveries Alaska has ever seen and could help sustain the oil industry, which has had a bleak […]

  • Energy

    ConocoPhillips Alaska sets drilling record

    by Daniella Rivera on Sep 29, 21:54

    At a time when there’s no clear end in site for plummeting oil prices, good news from the North Slope is rare, but on Thursday ConocoPhillips Alaska announced its set a new drilling record at drill site CD5, the first drill site in the National Petroleum Reserve Alaska (NPRA). CD5 is now home to the longest […]

  • Energy

    Business, labor groups urge Arctic offshore lease sales

    by Associated Press on Sep 12, 11:04

    ANCHORAGE, Alaska (AP) – Alaska and national business and labor groups launched a campaign Monday to keep Arctic areas in the next five-year federal offshore leasing plan. Twenty groups organized as the Arctic Coalition in print and broadcast advertisements are urging the Obama administration to retain a Beaufort Sea lease sale in 2020 and a […]

  • Energy

    State officials criticize federal land management plan

    by Associated Press on Aug 08, 6:39

    FAIRBANKS, Alaska (AP) – The federal government’s new plan to open up one-quarter of the land it manages in eastern Alaska to mining and oil development has received criticism from state officials and leaders who say it restricts development in the state. The Fairbanks Daily News-Miner reports (http://bit.ly/2b7pcmj ) that the Bureau of Land Management’s […]

  • Energy

    Japanese utility companies optimistic about investing in Alaska’s natural gas

    by Liz Raines on Jul 26, 20:55

    Gov. Bill Walker wants to lower the price tag on Alaska’s natural gas pipeline project, AKLNG. Currently at $45 to $65 billion, it’s one of the most expensive in the world. Now, a Japanese energy developer, Resources Energy, Inc. (REI), says its utility companies would be willing to chip in for cheaper gas. Alaska currently partners […]