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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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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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.
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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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.
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.
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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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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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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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.
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
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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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.
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.
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.
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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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.
Walker replaces 2 on gas line board ahead of crucial vote
Gov. Bill Walker is once again shaking up the state's gas line team. On Friday, Walker replaced two of seven board members for the Alaska Gasline Development Corporation, or AGDC.
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AK: With sustainable logging in mind, Galena looks to forests for fuel
Large-scale logging on the Yukon River started about a hundred years ago. These days, villages like Galena are once again looking to the forest for an energy supply. But this time, a new generation of loggers is thinking more about sustainability.
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