oil and gas

Sen. Bill Wielechowski, R-Anchorage, center, and Sen. Mike Shower, R-Wasilla, right, listen members from the Department of Revenue give a state revenue forecast during a Senate Finance Committee meeting at the Capitol on Wednesday, Jan. 16, 2019. (Michael Penn | Juneau Empire)

Volatile oil market prompts conservative forecasts

New Alaska Gov. Mike Dunleavy’s administration is taking a more conservative approach to oil revenue forecasting to help avoid the creation of an oversized budget.… Continue reading

 

Lisa Bruner presents at Wednesday’s Joint Chamber Luncheon, on Wednesday, Oct. 3, 2018, in Kenai, Alaska. (Photo by Victoria Petersen/Peninsula Clarion)

ConocoPhillips bullish on Alaska’s future

At Wednesday’s Joint Chamber Luncheon, Lisa Bruner, vice president of North Slope operations for ConocoPhillips, presented residents with a big picture look at the company’s… Continue reading

 

Borough, Nikiski seek to have greater participation in LNG export project

The Kenai Peninsula Borough is seeking an official role in federal permitting of plans to export North Slope natural gas to Asia via a 806-mile… Continue reading

Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

Alaska pauses plan to borrow $1 billion for oil-company payouts

State officials confirmed Tuesday that a billion-dollar bond issue is on hold amid a pending lawsuit by two Juneau men.

Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

Cook Inlet Energy fined over well pressure at Osprey platform

Cook Inlet Energy has received fines totaling $50,000 from the Alaska Oil and Gas Conservation Commission (AOGCC) — $25,000 for failing to test a new… Continue reading