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Tag Archives: alaska oil and gas

Walker administration wants to pay state employee $840,000 for gas pipeline work

JUNEAU — Gov. Bill Walker’s administration is asking the Legislature to approve an $840,000 salary and benefits package for a public employee to work on Alaska’s natural gas pipeline megaproject. The request is part of the budget bill that Walker is asking lawmakers to approve during the special session currently underway here. The money would boost the salary and benefits ...

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Legislative consultants: Pipeline buyout decision unlikely to affect Alaska’s finances

JUNEAU — The Alaska Legislature’s oil and gas consultants said in a report released Sunday that the buyout decision facing lawmakers at their special session here is unlikely to have a significant effect on the state’s finances. The administration of Gov. Bill Walker is asking lawmakers to approve spending $150 million to increase the state’s share in the natural gas ...

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If lawmakers agree to use the Permanent Fund to help fill budget shortfall, what method will they use?

JUNEAU — Facing tough budget choices, state leaders are looking at the Alaska Permanent Fund’s billions as one solution. That’s not a new idea. Facing a choice between income, sales or oil taxes, or cuts that could hurt schools, rural communities and a host of local and state government services, the $52 billion Permanent Fund has been seen as fiscal ...

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Interior Department curbing future Arctic offshore drilling

ANCHORAGE, Alaska — The Interior Department says it will not extend Arctic offshore leases held by Royal Dutch Shell and other companies in Arctic waters off Alaska’s northern coast. Interior Secretary Sally Jewell says she’s also cancelling new lease sales tentatively scheduled for the next two years. The decision significantly reduces the chances for future Arctic offshore drilling. Shell announced ...

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U.S., Alaska: species recovered, no need for Exxon Valdez spill damages

WASHINGTON – U.S. and Alaskan authorities on Thursday said they will no longer seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez disaster and the subsequent settlement, saying wildlife affected by the oil spill have sufficiently recovered. The Department of Justice said it is closing federal and state judicial actions against the company and opting not to ...

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Anchorage Assembly authorizes city bid on ConocoPhillips gas properties

The Anchorage Assembly on Tuesday authorized the administration of Mayor Ethan Berkowitz to move forward with a bid on ConocoPhillips’ gas properties in Cook Inlet. With the Assembly’s approval, City Manager Mike Abbott said the administration plans to submit bid documents before a Friday deadline to buy all or some of ConocoPhillips’ interests in the region. Those include a one-third ...

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Walker: It’s time for Alaska to act like sovereign state

ANCHORAGE, Alaska — The latest after Alaska Gov. Bill Walker called lawmakers into a special session to deal with natural gas pipeline issues: 5:10 p.m. Alaska Gov. Bill Walker on Thursday called lawmakers into special session to kick-start stalled consideration of the Alaska natural gas pipeline project. Walker is also proposing that the state buy out a Canadian partner in ...

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Most Alaskans will get record $2,072 each in oil money

ANCHORAGE, Alaska — Oil prices are so low that they are hovering at benchmarks not seen in years, plunging oil-dependent Alaska into a crippling budget deficit. But the industry’s woes won’t affect how much the state’s oil investment account pays out to Alaskans, even though the government has been scrambling to pay the bills. This year’s payout will be a ...

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Conflict lurks over property taxes for proposed Alaska gas line

JUNEAU — The North Slope Borough has become fabulously wealthy from taxes on the oil industry and its massive Prudhoe Bay infrastructure. In addition to subsidies of thousands of dollars per resident for the costs of water, sewer, lights and heat, the nation’s northernmost municipality even has its own permanent fund. At about half a billion dollars, the borough’s permanent ...

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