There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.» Read More
Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments- some far-reaching- are fast taking shape.
Shell may have moved an oil rig that ran aground off Alaska last week partly to avoid millions of dollars in taxes, U.S. Rep. Ed Markey said, raising even more questions about the oil company's decision on the timing of the move.
A Shell oil drilling rig grounded off an Alaska island since a New Years Eve storm has suffered damage from waves and flooding but has spilled none of the 155,000 gallons of fuel and other oil products aboard, officials managing the incident said on Thursday.
U.S. House Speaker John Boehner made a U-turn on Wednesday to clear the way for approval of $60 billion in Superstorm Sandy relief by mid-January after drawing withering fire from fellow Republicans, including New Jersey Governor Chris Christie, for canceling an earlier vote.
An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.
At a meeting in Australia, the United States and New Zealand were rebuffed after submitting a joint proposal to protect the Ross Sea, which is considered one of the most pristine oceans in the world. But at the Australian meeting, some nations, including Russia, the Ukraine and China, balked at the proposal.
JUNEAU, Alaska-- A smog-like haze that hung over part of Alaska's Kodiak Island this week was courtesy of a volcanic eruption _ 100 years ago. The National Weather Service says strong winds and a lack of snow Tuesday helped stir up ash from the 1912 eruption of Novarupta, the largest volcanic blast of the 20th century.
ANCHORAGE, Alaska-- Royal Dutch Shell PLC has concluded drilling for the season in the Arctic Ocean off Alaska's northwest and north coast. Shell Alaska spokesman Curtis Smith says the company completed one top hole in both the Chukchi and Beaufort seas. Top holes are the foundation of an exploratory well.
*BP, Justice Department seek to settle civil, criminal charges.
HOUSTON, Oct 26- A federal judge on Friday delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans' hotels booked.
ANCHORAGE, Alaska-- Alaska officials on Friday hailed a U.S. Army Corps of Engineers permit decision that will open up drilling at the Point Thomson petroleum field, creating hundreds of jobs and providing key infrastructure that could advance prospects for a large-scale natural gas pipeline.
Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.
California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.
SEATTLE-- Alaska Airlines' parent company more than doubled third-quarter profit as traffic grew and its planes were fuller. Alaska Air Group Inc. said Thursday that net income rose to $163.4 million, or $2.27 per share, compared with $77.5 million, or $1.06 per share, a year ago. The figures include Alaska Airlines and Horizon Air.
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.