ConocoPhillips cuts spending in Alaska by another $200M as oil prices sink
ConocoPhillips said Thursday that it will cut capital spending in Alaska by another $200 million as demand plummets and oil prices tumble to an 18-year low. That’s on top of a $200 million reduction the oil giant announced last month.
Valdez challenges RCA’s decision to keep Hilcorp finances confidential
The City of Valdez is taking a fight to have Hilcorp reveal its finances
to state Superior Court in Anchorage.
Industry trade groups sue backers of Alaska oil tax initiative, argue signatures invalid
The industry groups claim that some signature gatherers were paid more than $1 per signature, in violation of state law. But supporters of the initiative ardently deny the allegations, calling them baseless.
Cruise lines are taking bookings for an Alaska cruise season that might not even happen
Skagway Mayor Andrew Cremata said he was surprised to learn that Carnival Cruise Line is offering a seven-day cruise through his town in early July, but it's not clear whether that trip is even happening.
Some Anchorage hotels are transforming from tourist havens to quarantine sites
Other hotels have decided to close, and many have laid off a bulk of their employees.
BP’s sale of its Alaska business is in jeopardy, The Wall Street Journal reports
Banks have balked at financing the $5.6 billion deal, the newspaper reported on Thursday.
Why does a barrel of Alaska oil cost less than a pizza?
Economists at the state’s Department of Revenue were working to identify what drove the price down and what they could expect going forward.
ConocoPhillips shuts down North Slope drilling over coronavirus concerns
The impacts of the coronavirus continue to reverberate across Alaska, including its oil fields.
Alaska’s largest private employer, ASRC, cuts jobs after coronavirus causes oil price collapse
Alaska’s largest private-sector employer, Arctic Slope Regional Corp., has laid off employees and cut charitable giving due to the collapse in oil prices and the economic shutdown caused by the global coronavirus pandemic.
Dillingham urges governor to close Bristol Bay fishery
The City of Dillingham and the Curyung Tribal Council wrote a strongly worded letter to Governor Mike Dunleavy Monday urging him to consider closing Bristol Bay’s commercial fishery to protect the community from the coronavirus pandemic.
The coronavirus pandemic is devastating Alaska’s budget, and it could cost you your PFD
The Legislature approved a budget last weekend that’s predicted to drain 70 percent of the cash left in the state's primary savings account. And things will be even worse without a substantial increase in the price of oil.
To guard against coronavirus, Alaska oil companies are screening workers before flights to the North Slope
The companies met last week and agreed to "start screening all of their workers when they check in in Anchorage," said Heidi Hedberg, Alaska's public health director.
USDA opens investigation into why Forest Service grant was given to Alaska to work on Roadless Rule
The federal Office of the Inspector General is opening an investigation into how the U.S. Forest Service granted millions of dollars to the State of Alaska to work on a Roadless Rule decision in the Tongass National Forest.
Under proposed Trump changes to Migratory Bird Act, Exxon wouldn’t have been fined for Valdez spill, advocacy groups say
For more than 100 years, the Migratory Bird Treaty Act has protected such populations. Now, the Trump administration is proposing to reduce the law’s reach in an effort to remove red tape for developers.
Dunleavy urges calm as a volatile economy and tourism warnings add to Alaska coronavirus anxiety
As the coronavirus continued to cause havoc for the global economy Monday in ways that threaten the stability of Alaska's budget, the Permanent Fund and tourism, Governor Mike Dunleavy called a news conference to soothe Alaskans' anxiety.
Gulf of Alaska cod loses sustainability labels because of scarcity caused by climate change
After 10 years of certification, Gulf of Alaska cod will have its blue-sticker sustainability label suspended starting April 5, 2020.
Hilcorp revived this declining North Slope oil field. Can it do the same for Prudhoe Bay?
While many North Slope fields are only the decline, production at Hilcorp's Milne Point has actually increased by huge amounts. Now, the company is acquiring the massive Prudhoe Bay field, raising hopes of a similar revival there.
Native groups object to prison sentence of Kaktovik man who shot and wasted polar bear
After a Kaktovik man was found guilty of killing and wasting a polar bear in a small North Slope village, several prominent Alaska Native organizations are calling the sentence “inappropriate.”
50 years after a fuel spill near Haines, the Corps of Engineers plans to clean up contamination on the Chilkat River
A fuel spill from half a century ago is polluting soil and water near Haines, and the Corps of Engineers wants advice on how to clean it up.
Switch from BP’s corporate giving model to Hilcorp’s employee contributions could be ‘a bucket of cold water’ for nonprofits
Hilcorp’s philanthropic strategy is more about individual employee giving than corporate sponsorship. And, a national expert says, that’ll diffuse the giving and make it harder to predict — at least at first.