Top News & Analysis Alaska

  • One of the reports adds that the Marcellus reserves that lie below parts of Pennsylvania, West Virginia, Ohio and New York are far larger than recent government estimates, while another said the powerful combination of resource, cost and location is altering natural gas prices and market trends across the nation.

  • Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.

  • It cited a consultant's findings, indicating that between July 2008 and February 2012, the program generated an estimated $2 in economic activity in Alaska for every $1 in tax credits issued. Eighty-four percent of direct wages for qualified productions went to non- Alaska residents.

  • BARROW, Alaska-- Nearly every shareholder of the Barrow- based Arctic Slope Regional Corp. will be pocketing about $4,000 just before the holidays. The Alaska Native corporation has announced the fall dividend will be $40 per share. The board is targeting an annual payout of $50 per share.

  • WITH HONORS: College savings plans offered through four states earned top marks from Morningstar in the company's annual update to ratings of so-called 529 plans. PRETTY GOOD: Four other plans earned silver-medal honors from Morningstar. Those 529 plans are sponsored by Arkansas, Michigan, Ohio and Virginia.

  • BOSTON-- College savings plans offered through the states of Alaska, Maryland, Nevada and Utah earned top marks from Morningstar Inc. in the company's annual update to ratings of so-called 529 plans.

  • Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.

  • --New York- based Marsh& McLennan Cos. has reported material improvement in both its business and financial profiles in recent years. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised its counterparty credit rating on Marsh& McLennan Cos. to' BBB' from' BBB-'.

  • ANCHORAGE, Alaska-- The Interior Department's deputy secretary said Thursday that there will be no slowdown of the permitting process for Arctic offshore drilling if President Obama is re-elected. Royal Dutch Shell PLC was allowed to begin exploratory drilling in the Beaufort and Chukchi seas off Alaska's north shores this summer, but U.S.

  • The governor said earlier this year that the 2013 Legislature could take up gas tax legislation if TransCanada Corp. and the North Slope's major players _ Exxon Mobil Corp., BP and ConocoPhillips _ met a number of milestones in 2012. All of those benchmarks have been met, including cost estimates and a rough timeline for a potential project.

  • Oct 11- California's refiners increased their stockpiles of gasoline by more than 5 percent last week, despite a drop in production that fuelled an unprecedented spike in prices, state data showed on Thursday.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • ANCHORAGE, Alaska, Oct 11- An oil-spill barge that Royal Dutch Shell Plc needs to support drilling in Arctic waters has regulatory approval, even though it has come too late for this year's operations, officials from the U.S. Coast Guard and Shell said on Thursday.

  • United Airlines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta Air Lines, which had matched the price hike that United started on Tuesday night, dropped prices back earlier Thursday.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • Delta Air Lines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta had raised prices to match an increase started by United Airlines. J.P. Morgan analyst Jamie Baker says the increase is unraveling because it gained only limited support from a few other carriers _ American, Alaska and US Airways.

  • "We have applied to the Department of Commerce to export domestic U.S. crude oil," Shell spokeswoman Kayla Macke told Reuters, adding that as a global commodity, imports and exports would follow supply and demand.

  • Oct 11- West Coast oil refiners saw only a small dip in operations last week and gasoline inventories were little changed, according to government data that shed little new light on the unprecedented spike in California gasoline prices.

  • CHUQUICAMATA, Chile-- From above, it looks like a colossal amphitheater carved from rock, or the vast crater from a meteorite that crashed into Chile's Atacama desert ages ago.