NANA Development is not disclosing the financial terms, but will end up owning Grand Isle Shipyard Incorporated, on the coast of the Gulf of Mexico.
Conoco-Phillips plans to split into upstream and downstream companies. That's a bit of a trend among oil giants.
The price of crude oil is up strongly this morning, after the weekly inventory report came out and showed the nation's crude stocks down 3.1 million barrels...
It pulls together top officials from agencies like Energy Department and the Environmental Protection Agency and will be led by Interior Department Deputy Secretary David Hayes.
Escopeta Oil and Gas spokesman Steve Sutherlin told the Anchorage Chamber of Commerce last week that the Customs and Border Protection bureau will likely take action soon to resolve the continuing Jones Act issue that has kept their Spartan 151 jack-up rig out of U.S. waters so far.
The company's latest plans call for using it in the Chukchi Sea, along with a second drilling vessel, the Noble Discoverer.
U.S. Senator Maria Cantwell of Washington says federal officials have confirmed to her that they are investigating the high price of fuel.
The "Arctic Imperative" conference concluded yesterday in Girdwood with talk of future investment options.
Secretary of the Interior Ken Salazar announced on Thursday that the department of the Interior will accelerate a lease sale in the National Petroleum Reserve-Alaska, holding it before the end of this year and annually after that.
Salazar Announces Acceleration of Lease Sale in NPR-A, Arctic Council Reports Record Temperatures Since 2005, Former Mayor of Sitka Ben Grussendorf Dies of Illness, Parnell Administration Optimistic About Gas Pipeline, and more...
A Shell mobile drill rig will be leaving Alaska for Washington state this summer in anticipation of the 2012 Arctic drilling season.
A University of Alaska professor says there’s a lot of value remaining in proven North Slope oil reserves, but the state needs to do a better job preparing for the future.
House Votes to Bar FDA Approval of ‘Frankenfish’, Congressional Delegates Divided on Likelihood of Gas Pipeline, UAA Professor Urges Better Management of Oil Reserves, Annual Finances Released by Congressional Delegates, and more...
Scientists Says Ketchikan Facing 'Massive' PSP Event, Critics Label Redistricting Plan ‘Flawed’, Special Session Cost Alaska At Least $960,018, Hastings Fire Expected to Increase, and more...
Alaska’s U.S. Senators are continuing to warn the state that letting the Coastal Zone Management Program die could have dire consequences.
The British Ambassador is visiting Alaska. Sir Nigel Sheinwald plans to go to Sitka today and to Prudhoe Bay later this week. Monday, the Ambassador was taken on a tour of the Pebble mining area, by Anglo American, and also met with United Fishermen of Alaska to discuss the proposed mine.
Efforts to get an offshore oil and gas drilling rig up to Cook Inlet continue to run into snags. One has made it as far as Canada, but it's not clear what it going to happen to it next.
Alaska’s future role in Missile Defense, the treatment of our veterans, the federal role in oil and gas development and coastal zone management are among the issues Senator Mark Begich has been working on.
A federal enforcement agency has filed charges that say speculators have been driving up the price of crude oil, which, in turn, affects the price of fuel at the gasoline pump and the fuel barge.
Lori Townsend, APRN – Anchorage BP announced today that it’s selling $7 billion in oil field assets to Houston based Apache Corporation. But the...