Alaska
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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.
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Sean Parnell's plan to overhaul Alaska's oil tax structure says 2012 profits by ConocoPhillips shows the system is working. Bill Wielechowski, D- Anchorage, said Thursday that it's "gratifying to see Alaska's major oil producers reaping substantial profits under our existing oil tax structure at the same time as Alaskans enjoy their fair share of oil revenue.
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An Alaska borough stuck with a $90,000 monthly bill for maintaining a ferry it can't use is offering the $78 million vessel free to any government entity _ federal, state or local _ that will have it.
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McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
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*McDouble price above $1 in LA, Manhattan and Chicago McDonald's promoting $1 Grilled Onion Cheddar Burger. Feb 1- McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
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ANCHORAGE, Alaska-- The united command overseeing the salvage of the Royal Dutch Shell PLC drill barge says the vessel's damage poses no threat to its stability while it's anchored off an Alaska island.
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It also includes a reduction of $25 million for the Medicaid program, which Parnell, in his transmittal letter, attributed largely to cost control measures. Margaret Brodie, with the state Department of Health and Social Services, said expenses for the program weren't as high as earlier expected.
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OSLO, Jan 31- Norway's ruling Labour Party is set to support oil exploration off a pristine northern archipelago, bringing to a head controversy over drilling in the Arctic in the run up to elections this year.
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JUNEAU, Alaska-- Alaska's Senate Resources Committee has advanced legislation that would change how the state regulates wastewater from cruise ships. SB29 now goes to Senate Finance. Sean Parnell stems from a preliminary report by a panel charged with looking at cruise ship pollution.
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WASHINGTON-- Heat rising up from cities such as New York, Paris and Tokyo might be remotely warming up winters far away in some rural parts of Alaska, Canada, and Siberia, a surprising study theorizes.
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*Washington to decide on Keystone XL in coming months. The Canadian government has been an enthusiastic supporter of TransCanada Corp's plan to build the $5.3 billion pipeline, which would open up a huge new market on the U.S. Gulf Coast for crude derived from oil sands in Alberta.
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NEW YORK-- Noble Corp.' s fourth-quarter profit was nearly flat, falling short of expectations, as several offshore drilling rigs spent too many days out of service. The company said that net income was $128 million, or 50 cents per share, compared with $127 million, or 50 cents per share, a year earlier.
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Fattouh and Mahadeva examine how the cartel's strategy and power over oil prices have varied over time depending on market conditions and the interaction among OPEC members.
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JUNEAU, Alaska-- The easing of fears over the European debt crisis and the state of China's economy led to a boost in foreign stocks held by the Alaska Permanent Fund Corp.. The corporation says the fund is up 7.3 percent for the year, and had a value Dec. 31 of $43.7 billion.
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JUNEAU, Alaska-- Alaska's revenue commissioner said Tuesday that he's seen no evidence that tax credits to oil companies have led to increased production. Parnell has proposed overhauling Alaska's oil tax structure, with the goal of making Alaska more competitive and encouraging new production.
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Beale dramatically warned his readers: "At present the country is facing a serious shortage of petroleum... favourable territory has become scarcer, competition has increased and the demand for petroleum and its products has created a market that cannot be adequately supplied."
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Jan 21- What kind of people created the basics of our modern world? Orange juice from China, nuts from India, swordfish from Japan, salmon from Alaska... The few in business were there only to assist men, no different from women fetching the water in the villages and townships of Africa and Asia and Latin America.
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SYDNEY, Jan 18- As Rio Tinto was edging closer to gaining majority control of little-known Mozambique coal explorer Riversdale Mining, the Anglo-Australian mining giant's chief executive Tom Albanese was convinced the $4 billion move was a sound one.
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*Tom Albanese sacked with no pay-off. LONDON, Jan 17- Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown in connection with his two most significant acquisitions, the Alcan aluminium group and Mozambican coal. Doug Ritchie, who led the acquisition of Mozambique- focused miner Riversdale, was also shown the door.
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*Norway watchdog to focus this year on monitoring drillers. STAVANGER, Norway, Jan 16- Oil companies are overlooking some vital safety issues when preparing to drill in frontier Arctic areas, the head of the safety watchdog for the Norwegian oil industry said.
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WASHINGTON, Jan 15- The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions.