Despite oil prices hovering around $30 a barrel, ConocoPhillips is plowing ahead with projects in the National Petroleum Reserve Alaska. The company invited Alaska journalists on a tour this week of CD5, its newest drill site -- the first to produce oil from the NPRA and, the company hopes, the gateway to more development. Download Audio
Each winter, when the tundra freezes, the North Slope gets busy. It's the travel season, the time of year when oil producers can put in ice roads and move heavy vehicles over the frozen ground. But before any of that can happen, one task comes first: looking for polar bears. Download Audio
The company will cut 3,000 positions from its worldwide marketing and refining operations. That comes on top of the 4,000 layoffs BP announced last month in its global production and exploration units.
As natural gas prices following oil in an extended plunge, lawmakers heard a series of updates on the Alaska LNG project -- and tension between the Walker administration and the state's three oil company partners once again spilled into the open. Download Audio
Utilities from Homer to Fairbanks are in discussions to overhaul the way electricity is generated and transported across the region. The goal is cheaper electricity -- and more renewable power.
As oil prices have dropped to levels that were unthinkable just a year ago, many Alaskans are wondering whether the state is facing economic calamity. The short answer is: not yet. We spoke with state labor economist Neal Fried, to ask how it's possible that at $30 dollars a barrel, Alaska is still doing pretty well.
Thanks to a drop in both oil prices and production, Alaska is facing another major budget deficit this year. Cutting spending, raising taxes, and dipping into the Permanent Fund are all on the table in this video.
Standard & Poor's downgraded Alaska's credit rating Tuesday after months of warnings to shore up the state budget. With plunging oil prices wreaking havoc on the state's budget, the agency knocked the state down a notch from the top AAA rating it has held for the last four years.
This month, the state committed to another year of work on the Alaska LNG project, the effort to bring natural gas from the North Slope to the Kenai Peninsula for export. But with natural gas prices plunging alongside oil, APRN's Rachel Waldholz asks: should Alaska be worried?
Gov. Bill Walker released his plan for dealing with the state's mammoth budget deficit. It includes Alaska's first income tax since 1980, and a complete overhaul of the permanent fund -- effectively cutting PFD checks in half next year.
Gov. Bill Walker released his battle plan today for dealing with the state's behemoth budget deficit. It includes Alaska's first income tax since 1980, and a complete overhaul of how the state uses the permanent fund -- effectively cutting PFD checks in half next year.
With a budget crisis prompting cuts across the state, the high rent at the Legislative Information Office has become an embarrassment for lawmakers. They are actively scouting for alternatives.
The state and its three oil company partners - ExxonMobil, BP and ConocoPhillips -- voted unanimously late Thursday afternoon to continue work on the project, which aims to bring natural gas from the North Slope to the Kenai Peninsula for export.