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Tag Archives: alaska oil and gas

Feds help competing LNG projects, but could now also help Alaska gas exports

Gas tanker LNG in Alaska

JUNEAU — The U.S. Congress has reauthorized the Export-Import Bank of the United States, in an effort to boost trade by helping finance operations of American companies overseas. Among the projects the bank has assisted with billions in loans and other financing are liquefied natural gas export efforts in Australia and Papua New Guinea, ventures that target Asian LNG markets ...

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Alaska gas line project partners approve work plan, budget

JUNEAU, Alaska — The partners in a major liquefied natural gas project that the state of Alaska is pursuing voted Thursday to approve a work program and budget for the coming year. The state is pursuing the project with the North Slope’s major producers: BP, ConocoPhillips and Exxon Mobil Corp. Miles Baker, a spokesman for the state-sanctioned Alaska Gasline Development ...

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Alaska oil & gas tax credits report urges state to approach changes with care

Oil and gas drilling rig operating in Alaska's Prudhoe Bay.

A new report from Sen. Cathy Giessel, R-Anchorage, says the state should try to protect ongoing natural gas projects as it scrutinizes and modifies its $500 million annual oil and gas tax credit program. The report was released Tuesday after a series of meetings by a study group that included other senators and several industry representatives. It says that as ...

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Company on verge of new Cook Inlet oil urges restraint on Alaska tax-credit changes

A small company developing Cook Inlet’s first new oil pool in years — and possibly a large gas field — underscores the challenges policymakers face as they look to alter the state’s controversial oil-tax credit scheme. Move too aggressively to cancel credits and companies advancing toward new production could suffer, hurting future state income from royalties and taxes. At the ...

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Oil companies lose pipeline case that could be worth hundreds of millions to Alaska

A federal agency has ruled that the oil-company owners of the trans-Alaska pipeline had so badly managed an upgrade project, they can’t recover their costs by charging higher fees for moving oil, a decision that could save the state and independent producers hundreds of millions of dollars over the life of the pipeline. The “imprudently” managed project to update four ...

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‘Alaskan Bush People’ admit to lying for oil revenue check

ANCHORAGE, Alaska — Two members of the family associated with the Discovery Channel’s “Alaskan Bush People” have agreed to plead guilty to lying on the application for the yearly oil revenue check residents receive once they meet certain requirements. KTUU-TV reports that 62-year-old Billy Brown and his son, 31-year-old Joshua Brown, have agreed to repay the state for dividends they ...

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