Posted Wednesday, December 21, 2011 - 2:31 pm
ConocoPhillips Alaska Inc. will seek corporate approval in the second half of 2012 to proceed with development of the long-delayed $600 million CD-5 project following the U.S. Army Corps of Engineers’ approval of a Colville River bridge permit Dec. 19.
The bridge crossing of the river will allow the company to develop the CD-5 oil accumulation in the National Petroleum Reserve-Alaska.
There were a stipulations attached to the permit.
Posted Thursday, December 08, 2011 - 10:50 am
Harold Heinze announced his resignation as chief executive officer of the Alaska Natural Gas Development Authority, Nov. 21, marking an important transition not only for Heinze, who has had several careers in the state, but also for the independent state gas corporation.
Heinze doesn’t leave the job until Jan. 23 to allow for transition. He will be working to help Matanuska Electric Association develop its planned new gas-fired power generation plant. Still, there is a lot of uncertainty about a replacement and also the future of ANGDA.
Posted Thursday, December 08, 2011 - 10:27 am
Australia-based Buccaneer Energy is working with a Houston-based consulting group on plans for regional sales of liquefied natural gas within Alaska, an indication that companies now exploring for gas in Cook Inlet are concerned that a gas surplus might develop.
Buccaneer discovered gas earlier this year in an onshore exploration well drilled on the Kenai Peninsula, and will begin sales of gas in December to Enstar Natural Gas Co., according to James Watt, president of Buccaneer Alaska.
Posted Thursday, December 01, 2011 - 9:44 am
Employment in health services has leaped in Alaska over the last two decades and shows no signs of a slowdown, a panel of state officials told the Anchorage Chamber of Commerce Nov. 28.
What’s driving the increase isn’t entirely clear, although the gradual aging of the state’s population is one explanation, the panel said.
About $7.5 billion was spent on health care in Alaska in 2010, and employment in the industry reached 31,800, said Pat Carr, with state Department of Health and Social Services. Carr was one of three state officials on the panel.
Posted Thursday, November 17, 2011 - 10:38 am
Alaska miners crowded into the Anchorage Sheraton Hotel the week of Nov. 7 for the annual Alaska Miners Association convention. It was a record-breaking attendance that may have neared 1,000 people in and out of the meeting over three days of the main conference, held Nov. 9 through Nov. 11.
Much of the agenda at the miners’ annual conference is traditionally devoted to technical presentations on geology, environmental procedures and new government regulations, but with metals prices at high levels the mood was confident and upbeat.
Posted Thursday, November 17, 2011 - 10:14 am
There will be a second jack-up rig exploring for oil and gas in Cook Inlet by next April, this one owned about one-third by the state of Alaska.
The Alaska Industrial Development and Export Authority, a state corporation, finalized an agreement Nov. 14 to invest $27 million in the purchase of the Adriatic XI jack-up rig along with two partners, Australia-based Buccaneer Energy and Ezion Holdings Ltd. of Singapore, the chairman of the Alaska Industrial Development and Export Authority said in a press release.
Posted Thursday, November 17, 2011 - 8:43 am
North Slope producer BP delivered a tough message Nov. 16 to several hundred business and community leaders at the Resource Development Council Conference in Anchorage.
Claire Fitzpatrick, BP’s chief financial officer for Alaska, said her company is expecting a 7 percent to 8 percent decline in annual production in the Alaskan fields it operates, which amounts to two-thirds of total Slope production.
She also warned that Trans Alaska Pipeline System throughput could drop to the 550,000 barrels-per-day range this winter.
Posted Thursday, November 03, 2011 - 9:17 am
The state Department of Transportation and Public Facilities has released a preliminary study of routes and costs for a road into the mineral-rich Ambler Mining District of Northwest Alaska.
NovaGold Resources and several other minerals companies have discovered significant metals deposits in the area.
NANA Regional Corp. of Kotzebue, a major landowner in the area, has teamed up with NovaGold to jointly explore and possibly develop the Arctic and Bornite discoveries, which are owned by NovaGold and NANA, respectively.
Posted Thursday, November 03, 2011 - 8:52 am
A long-anticipated agreement on minerals exploration in Northwest Alaska has been signed.
NovaGold Resources Inc. of Vancouver, British Columbia, and NANA Regional Corp., the Kotezbue-based Alaska Native regional corporation, have agreed to jointly explore and develop base metals discoveries on lands held by NANA at Bornite, on the upper Kobuk River east of Kotzebue, and by NovaGold in the Ambler Mining District, which is farther east but nearby.
Posted Thursday, October 27, 2011 - 2:27 pm
The gas pipeline plan may be shifting from Canada to an LNG project in southern Alaska. Gov. Sean Parnell called on North Slope producers and TransCanada Corp. to reexmine the LNG option in light of low gas prices in the Lower 48 states and the buildup of gas supply from shale gas producers.
Posted Thursday, September 08, 2011 - 12:15 pm
The state will delay a North Slope lease sale planned for Oct. 26 for a few weeks with hopes that more acreage can be added and more companies can be enticed to bid for leases.
A new date for the sale will be announced very soon, state Natural Resources Commissioner Dan Sullivan said. It is expected that it will be held in December, however.
Posted Thursday, September 08, 2011 - 9:49 am
Shell Oil’s investment in its Arctic offshore exploration will reach the $4 billion threshold sometime this fall, but the company is now more optimistic than ever that it will receive the needed permits to do exploration drilling in 2012.
The company will make a “go or no-go” decision at the end of October, Shell vice president Pete Slaiby told the Alaska Support Industry Alliance Sept. 8, but the company is now more confident and has started the mobilization of a fleet of 24 support vessels that will be needed in addition to two large drilling vessels.
Posted Thursday, September 01, 2011 - 2:00 pm
FAIRBANKS — Local business and city leaders are working to get more people in downtown Fairbanks, back to the Interior city's core business district and the center of its history. Like a lot of small cities across the nation, the big malls in outlying areas has drawn shoppers away and downtown retailers have dwindled in number.
The city's only remaining downtown quality men's clothing store, Carrs Clothing, is bravely hanging in there, along with another clothing retailer, Big Ray's, which specializes in work and cold weather clothing.
Posted Thursday, September 01, 2011 - 9:02 am
When you think of exports from Alaska, fish, lumber and zinc come to mind.
Fresh cut flowers wouldn’t be on the list.
They soon will be, though.
A niche industry is developing fast in growing and selling fresh-cut peonies, those blossoms much in demand and beloved, world-wide it turns out, for weddings. It’s a small business so far but it’s growing, and there seems to be an insatiable market demand at a certain, critical time of the year.
Posted Thursday, August 25, 2011 - 1:44 pm
A possible $1 billion new gold mine north of Fairbanks will be a big shot in the arm for Interior Alaska’s economy, if it proceeds.
International Tower Hills’ gold exploration project in Livengood, 70 miles north of Fairbanks, would provide a lot of new jobs and business for suppliers and service companies, if it moves forward. It would be larger than Fort Knox, another gold mine northeast of Fairbanks that is now producing.
Posted Thursday, August 25, 2011 - 1:21 pm
Escopeta Oil and Gas Co. is negotiating a possible fine with the U.S. Department of Homeland Security over a violation of the U.S. Jones Act that occurred when the company moved the Spartan Drilling Co. Blake 151 jack-up rig recently from the U.S. Gulf Coast to Cook Inlet.
“There are discussions under way but nothing has been determined,” Escopeta spokesman Steve Sutherlin said.
The Blake 151 is now being prepared for final state inspections by the Alaska Oil and Gas Conservation Commission, Sutherlin said. Drilling is expected to begin within days.
Posted Thursday, March 17, 2011 - 8:00 pm
Alaska Department of Health and Social Services Commissioner Bill Streur.
Photo courtesy of the Alaska Department of Health and Social Services
State officials and legislators are working to contain spiraling health care costs in the state budget. There’s no magic method they’re finding.
Posted Thursday, July 01, 2010 - 8:00 pm
State officials are working to get the word out about new low-cost financing for business expansion and local economic development projects.
"We want to make sure Alaskan businesses will be able to use all of this financing that is available," said Ted Leonard, executive director of the Alaska Industrial Development and Export Authority, an independent state development corporation.
Posted Thursday, September 17, 2009 - 8:00 pm
The next few weeks will tell the tale on the push for health care reform in Congress and on climate change legislation, another issue of vital concern to Alaskans.
Sen. Lisa Murkowski, R-Alaska, says that if health care reform gets bogged down in extended debate, Congress may not have the time, or stomach, to take on another gut-wrenching bill, like climate change, this year.
Murkowski’s concern is that the cap-and-trade climate change bill passed in haste by the U.S. House, which is now in the Senate, would impose huge costs on Alaskans.
Posted Thursday, February 19, 2009 - 8:00 pm
The Alaska Industrial Development and Export Authority’s board approved a draft agreement Feb. 13 to sell the mothballed Healy Clean Coal Project to Golden Valley Electric Association in Fairbanks. Golden Valley and AIDEA staff have worked for several weeks to flesh out the sales agreement, the authority’s executive director, Ted Leonard, told the board.