Alaska’s state government can expect $1.3 billion less than it previously forecast, largely because of the drop in oil prices.
BP's exit from Alaska was rumored long before it was officially announced on Tuesday. But that's not the only reason the company's $5.6 billion deal with Hilcorp is far from surprising, experts and industry insiders said.
It’s still too early to know if petroleum even exists in the refuge in commercially-viable quantities. But if it’s found, Kaktovik’s residents are simultaneously positioned to be among the biggest beneficiaries, and to experience some of the biggest disruptions.
The Interior department is re-evaluating the management plan for the reserve, aiming to open up land that's currently off-limits to oil leasing.
The Trump administration Tuesday appealed a federal court decision that blocked plans to re-open vast portions of Alaska's Arctic waters to oil drilling.
This talk and discussion features Dr. Alexander James, a professor of economics at the University of Alaska Anchorage. His presentation focuses on what is sometimes called “the paradox of plenty” and how resource-rich countries can often suffer from slow economic growth and other negative effects. Thanks for listening!
Norwegian oil company Statoil said Tuesday (Nov. 17) that it will end exploration efforts in the Chukchi Sea and close its Anchorage office. The decision comes just two months after Shell ended its quest to drill in the Arctic Ocean, citing disappointing results at its first well. Download Audio
The Interior Department won't auction off drilling rights in the Chukchi and Beaufort Seas in the next two years. The auctions would have been the first in the Arctic Ocean since 2008, and the first under President Obama. Download Audio
A public meeting between representatives of Buccaneer Energy and concerned Homer citizens turned contentious Tuesday night, with many people wondering why the company’s ‘Endeavor’ jack-up rig is still parked at the Homer harbor nearly two months after its arrival. Company officials say the rig will soon be moving to drill in the Cosmopolitan Unit near Anchor Point but as KBBI’s Aaron Selbig reports, the State of Alaska says that’s not likely to happen.
On September 10th, after a six-year effort, wrought with permitting challenges and legal battles, and recent delays with renovation of its oil spill-containment barge, Shell Alaska finally began preparatory drilling for offshore oil in the Chukchi Sea. A week later, the company announced that it would abandon plans after an accident damaged its oil spill containment dome. On September 20th, the company received the go ahead from federal officials to move forward with initial drilling activities in the Beaufort Sea. Join host Shelly Wade on Hometown, Alaska and learn more about Shell’s past, current and future role in Alaska’s oil and gas industry. KSKA: Wednesday, 9/26 at 2:00 pm and 7:00 pm
Initially set aside in case of a national energy emergency, today the National Petroleum Reserve-Alaska (NPR-A) is the largest piece of undeveloped federal land owned in the U.S. This week on Addressing Alaskans, Stacie McIntosh, supervisor of the Bureau of Land Management Arctic Field Office provides a tour of the NPR-A and details how the BLM manages the "People, Land and Resources" in the vast 22.8 million acre area stretching from the Brooks Range to the Arctic Coast. KSKA: Thursday 5/31 at 2:00 pm and 7:00 pm
President of Energy Policy Research Foundation, Lou Pugliaresi was recorded speaking on “The Coming Renaissance in North American Oil and Gas” at the Alaska World Affairs Council on April 20, 2012.
An oil tanker docked in icy waters at Nikiski had what investigators are calling a "near miss" when it was accidentally set adrift while loading oil from the Tesoro tank farm. KBBI's Aaron Selbig reports on the January incident, which came to light last week following the release of an internal Tesoro investigation.
Polar Bears Show Signs of Mysterious Illness. Oil Companies Criticize Senate's Tax Plan. Assembly Chair Refuses Call for Outside Election Investigator. Controversial Parnell APOC Appointee Withdraws Name. Report Reveals Oil Tanker Incident in Cook Inlet. Coast Guard Sinks Ghost Ship
State House Speaker Mike Chenault says it's "very unlikely" an oil tax bill will pass before the legislative session's scheduled adjournment. That raises the potential...
Governor Sean Parnell today, (Friday) announced what is likely to be seen as a milestone in the development of North Slope Liquefied Natural Gas,...
The stories up for discussion this week are: oil tax reform, Anchorage Municipal Election on April 3rd, Koenig abduction and arrest, KABATA Knik Arm bridge, federal court house closures, AHFC to lead natural gas pipeline project, Murkowski and others attempting to reform Justice Department, and Rep. Neuman's "Stand Your Ground" bill.
The House overnight approved the next steps necessary that could lead to an instate gas pipeline from the North Slope to Anchorage and South Central.