A bill is pending in the state House that would put the state’s hammer on the six “railbelt” utilities that have been squabbling for years over uniform reliability standards and how to efficiently move power up and down the regional […]
It is a surprising accomplishment, but even as oil prices remain in the $50-plus per barrel range the North Slope producers have been able to maintain and even slightly increase production. The North Slope oil fields produced an average of […]
Alaska’s recession appears to be leveling out, the latest state employment data indicates. Newly released data on Alaskans’ wage income for the first quarter of 2017 point to a general stability of the economy and a possible easing of the […]
State employment information points to a levelling of job losses. State Department of Labor economists warn that the data is still preliminary, however. Information for August, 2017, indicates that jobs in the state are down 4,800, or 1.4 percent, compared […]
State budget deficits continue to drain reserves, and state officials now warn that some balance must be maintained for cash management purposes and emergencies. The projected deficit for Fiscal Year 2018, the current budget year that ends next June 30, […]
Alaska’s Division of Oil and Gas has denied an ExxonMobil Corp. application to expand its Point Thomson liquid condensate and gas cycling project, indicating the proposal lacked details. If built, the project could bring several billions of dollars of work […]
North Slope oil production is running above last year based on new data from the Alaska Department of Revenue. Based on preliminary information, production from the slope has averaged 527,000 barrels per day for the state’s Fiscal Year 2017, the […]
Alaska’s Legislature approved changes in the state’s oil production tax late Saturday that would end a program of the state making cash reimbursements to explorers and developers of new discoveries, legislative leaders said. “Ending the cash payments, which are unsustainable […]
The extended state legislative session continued June 15 with no resolution in sight, or to a complex dispute over state oil and gas taxes that is the main holdup to adjournment. There had been hopes for an agreement last Monday, […]
House and Senate leaders were to have met Thursday afternoon to try and resolve disagreements on an adjournment package. House Majority Leader Chris Tuck, D-Anch., told us that if a deal is reached legislators will head back to Juneau Monday, […]