Fauske resigns as president of state gas line corporation
Dan Fauske has resigned as president of the Alaska Gasline Development Corporation. It follows other recent changes at the corporation, which is responsible for Alaska's share of the proposed $45 to $65 billion project to bring natural gas from the North Slope.
With replacements and resignation, Walker consolidates control of gas line project
You don't normally associate "state gas line corporation" and "drama" - but this weekend, the state-owned Alaska Gasline Development Corporation was the source of all kinds of drama.
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Tesoro to buy Flint Hills assets in Anchorage, Fairbanks
Tesoro Corp. has announced that its Alaska affiliate will purchase a portion of Flint Hills Resources assets in Fairbanks and Anchorage.
State buys out TransCanada’s interest in gas project
The state of Alaska has completed its acquisition of TransCanada Corp.'s interest in a major gas project. Gov. Bill Walker, in a release, called it an historic day.
Feds say TAPS owners can’t raise rates to pay for over-budget upgrades
A federal commission says the oil companies that own the trans-Alaska pipeline can’t raise rates to cover cost overruns for an upgrade that went horribly over-budget.
New rules may help small energy projects sell to the grid
New rules could make it possible to develop more alternative energy in Alaska, by making it easier for independent projects to sell their power to the grid.
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Report recommends limited changes to oil tax credits
The state paid out more than half a billion dollars in refundable tax credits this past year -- and gave up another half a billion in credits deducted from companies' tax liabilities. Download Audio
Murkowski declares ANWR wilderness bill ‘dead on arrival’
A pair of Democratic senators have introduced a bill to designate parts of the Arctic National Wildlife Refuge as a permanent wilderness area, prompting outrage from Alaska Senators Dan Sullivan and Lisa Murkowski.
Tesoro’s Flint Hills acquisition expected to streamline petroleum distribution
Tesoro’s pending acquisition of Flint Hill’s fuel distribution and marketing operations in Fairbanks, North Pole and Anchorage, will streamline the transportation of refined petroleum products from Southcentral to the Interior.
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BOEM staffers say rush for Arctic study undermined their work
When Shell announced it was giving up on its leases in the Arctic Ocean, it blamed, in part, the challenging regulatory climate. But an inspector general’s report released today says many of the government regulators who worked the Arctic lease case felt they were too rushed to provide a rigorous review.
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Tanacross hydropower project nets $500K federal grant
A small hydropower project near Tanacross is one step closer to fruition after receiving a half-million dollar federal grant.
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Gov calls for permanent fund overhaul, income tax, cuts to PFD
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.
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Two Interior Energy Project proposals under consideration
The Interior Energy Project remains focused on getting natural gas to the region at long targeted price point. IEP team leader Bob Shefchik says proposals being considered from 2 vying project partners would provide gas to customers at a price equivalent to 2 dollar heating oil.
Hilcorp plans gravel island to extract Arctic offshore oil
Arctic offshore drilling by Royal Dutch Shell PLC drew protests on two continents this year, but a more modest proposal for extracting petroleum where polar bears roam has moved forward with much less attention.
Shell seeks to extend drilling rights off Alaska
The company filed an appeal on Tuesday, asking the federal government to reconsider extending its drilling rights in the Chukchi and Beaufort Seas, which are set to expire by 2020.
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Governor’s budget proposes major changes to oil tax credits
The governor's budget gets about half a billion dollars from the oil and gas industry, proposing deep cuts to the state's system of oil and gas tax credits.
Amid plunging gas prices, how competitive is Alaska LNG?
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?
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S&P warns further downgrades may be on horizon
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.
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North Slope crude hits 3rd-lowest mark since 2009
Crude prices continue to fall across the United States -- with Brent Crude Oil setting an 11-year low, dipping below $33 per barrel Thursday morning. Alaska North Slope crude is following a similar track, coming in at $34.82 per barrel on Jan. 5 - the most recently-reported price.
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Gov’s plan aims to reshape state’s relationship with oil
Governor Bill Walker says the state must change how it does business: he argues it's time for Alaska to tap its enormous savings accounts.
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