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Alaska

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  • ANCHORAGE, Alaska— With oil prices dropping, Alaska Gov. With oil prices now around a five-year low, officials in Alaska and about a half-dozen other states already have begun paring back projections for a continued gusher of revenues. The projects Walker halted spending on include a small-diameter gas pipeline from the North Slope, the Alaska Dispatch News...

  • Lawmakers call on Walker to reign in budget Friday, 26 Dec 2014 | 2:46 PM ET

    ANCHORAGE, Alaska— Alaska's legislative leaders are calling in Gov. In a letter dated Tuesday, Senate President-elect Kevin Meyer, House Speaker Mike Chenault and the co-chairmen of the House and Senate finance committees said the most critical issue before the Legislature is Alaska's long-range financial outlook. "The immediate concerns of a $3 billion...

  • Financial shocker of the year: Oil at $60 Tuesday, 23 Dec 2014 | 2:40 PM ET

    NEW YORK— For the first half of 2014 the oil market looked just as it had the year before— and the 2 years before that. Oil was over $100 and drivers in the U.S. were paying around $3.50 for gasoline. Oil reached a high for the year of $107 in late June after Islamic State fighters in Iraq seemed poised to threaten Iraq's southern oil fields and disrupt supplies from...

  • State winners, losers crowned in oil shock Monday, 22 Dec 2014 | 11:33 AM ET
    The U.S. flag is displayed at Tesoro's oil refinery in Los Angeles, Calif.

    Oil's drop in price is affecting states across the country in different ways, but Alaska's hit has been the hardest.

  • Arctic offshore drill company enters guilty pleas Friday, 19 Dec 2014 | 2:43 PM ET

    ANCHORAGE, Alaska— The company hired by Royal Dutch Shell PLC in 2012 to drill on petroleum leases in the Arctic Ocean pleaded guilty Friday to eight felony environmental and maritime crimes. Noble Drilling U.S. LLC, based in Sugarland, Texas, agreed to pay $12.2 million after pleading guilty to five counts of failing to maintain records on a drill ship that...

  • 1st drone in Nevada test program crashes in demo Friday, 19 Dec 2014 | 1:33 PM ET

    BOULDER CITY, Nev.— An aerial drone testing program got off to a bumpy start Friday in Nevada, when the first unmanned aircraft authorized to fly without direct Federal Aviation Administration supervision crashed during a ceremony at a remote site. Company and FAA officials said the drone wasn't damaged. "Protocol is to troubleshoot the problem," said Bruce...

  • Correction: Alaska Pipeline story Thursday, 18 Dec 2014 | 6:45 PM ET

    JUNEAU, Alaska— In a story Dec. 17 about the office of the federal coordinator for Alaska gas pipeline projects, The Associated Press, relying on information from a spokesman for U.S. Gas pipeline coordinator office in Alaska to close. JUNEAU, Alaska— The office of the federal coordinator for Alaska gas pipeline projects is shutting down after not being included in...

  • Government sues to recover costs of sunken vessel Thursday, 18 Dec 2014 | 10:39 AM ET

    ANCHORAGE, Alaska— The federal government is suing the owner of a 117- foot boat that sank in a commercial fishing port in Alaska and was cleaned up at public expense. KTUU-TV reports the government seeks $1.6 million from John Mehelich, who later appeared as a gold dredge captain on the Discovery Channel show "Bering Sea Gold." The 147- ton vessel sank in August 2009...

  • Gas pipeline coordinator office in Alaska to close Wednesday, 17 Dec 2014 | 5:44 PM ET

    JUNEAU, Alaska— The office of the federal coordinator for Alaska gas pipeline projects is shutting down after not being included in the budget bill that Congress recently passed. The office was created in a 2004 law aimed at helping advance an Alaska gas pipeline project that would serve North America. The state of Alaska, BP PLC, ConocoPhillips, Exxon Mobil Corp....

  • Alaska ferry project caught in flap over US steel Wednesday, 17 Dec 2014 | 4:38 PM ET

    JUNEAU, Alaska— A U.S. requirement that American steel be used to update an Alaska ferry terminal is causing some tension with Canadian officials, potentially threatening the project. The terminal is on Canadian soil, in British Columbia, but the land is leased to the state of Alaska. In these tough economic times, Canada and Alaska should be working together to...

  • Temporary tax breaks _ which ones affect you? Tuesday, 16 Dec 2014 | 8:23 PM ET

    Congress gave final approval Tuesday to a bill extending more than 50 expired tax breaks through the end of 2014. They include:. —A tax credit for the production of wind, solar and other renewable energy. Nine states have no tax on wages: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

  • Obama withdraws Alaska's Bristol Bay from drilling Tuesday, 16 Dec 2014 | 5:40 PM ET

    The president said in a video announcement that Bristol Bay and nearby waters, covering an area roughly the size of Florida, would be withdrawn from consideration for petroleum leases. He called Bristol Bay one of the country's great natural resources and a massive economic engine. Bristol Bay has supported Native Americans in the Alaska region for centuries,...

  • That will widen Alaska's budget gap to almost $3.4 billiuon, Fitch said in a Dec. 11 report. States such as Texas, North Dakota, Alaska, Oklahoma and New Mexico are all likely to feel strains next year, Wells Fargo Securities municipal analyst Roy Eappen said in a recent report. Meanwhile, household sentiment in Texas, Louisiana, Oklahoma and Arkansas where memories...

  • Texas, North Dakota, Oklahoma, New Mexico and Colorado together account for almost 98 percent of the total rise in U.S. oil output since the beginning of 2008.. But Oklahoma, New Mexico and Colorado have collectively contributed almost an extra half million barrels per day compared with January 2008, according to the U.S. Energy Information Administration.

  • HOUSTON, Dec 8- Drilling contractor Noble Corporation PLC on Monday said it paid $12.2 million to settle felony charges by the U.S. Department of Justice related to safety, environmental and record keeping violations on vessels in Arctic waters off Alaska in 2012.. Noble acknowledges that it failed to report any of these hazardous conditions to the U.S. Coast...

  • Barton, a Republican from Texas, will introduce a bill to lift the export ban Congress passed in the 1970 s after the Arab oil embargo led to fears of fuel shortages, an aide said. The lawmaker will introduce the measure ahead of a hearing later this week by the House of Representatives subcommittee on energy and power on whether the export restriction makes sense...

  • Barton, a Republican from Texas, will introduce a bill to lift the export ban Congress passed in the 1970 s after the Arab oil embargo led to fears of fuel shortages, an aide said. The lawmaker will introduce the measure ahead of a hearing later this week by the House of Representatives subcommittee on energy and power on whether the export restriction makes sense...

  • If OPEC cannot act to defend the prices and revenues of its member countries, does the organisation still serve any purpose? There is an assumption among some commentators that OPEC is only relevant and working if ministers can reach a production agreement in response to shifts in prices, and that strong disagreement is a sign of dysfunction.

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • WASHINGTON, Nov 7- As incoming head of the Senate Energy Committee, Alaska's Lisa Murkowski will gain more clout in January to reverse the 40- year ban on most U.S. crude oil exports, but she is unlikely to rush into legislative action. But upon taking the reins, Murkowski's first steps to roll back the ban, imposed by Congress after the Arab oil embargo in the 1970 s, are...