BP

BP to Sell its Alaska Headquarters Building

BY Elizabeth Jenkins, KTOO - Juneau

BP announced yesterday [Monday] it's selling its midtown Anchorage building. In a statement, the company says the sale will "reduce costs and free up capital, allowing BP to focus on its core business." BP will become a tenant in the building rather than the owner. BP spokesperson Dawn Patience declined an interview request about the sale.

Low oil prices lead to Anchorage layoffs

By AP

BP says it is planning to further reduce its workforce in Alaska as the state continues to struggle with low oil prices. A BP spokeswoman told KTUU-TV that about 4 percent of the company's workforce will be cut. Most of the affected positions are based in Anchorage. The announcement comes after BP revealed plans last week to reduce the active rig count at Prudhoe Bay on Alaska's North Slope from five to two.

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Alaska not affected by this round of layoffs

Associated Press

British Petroleum announced yesterday it is laying off 3,000 positions from its worldwide marketing and refining operations. That comes on top of 4-thousands layoffs BP announced last month in its global production and exploration units. However, a spokesperson says this round of cuts will not affect Alaska. BP does expect to cut about 260 jobs in Alaska this year. 

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Local governments win against oil companies on value of taxable property

By Associated Press

The Supreme Court in Alaska has upheld a ruling that the trans-Alaska oil pipeline was worth far more than a billion a year the pipeline owners claimed for the years 2007 through 2009. The Fairbanks Daily News-Miner reports that the court late last month affirmed a Superior Court ruling in 2011 that the pipeline was worth $8.9 billion to $9.6 billion those years.

Lawmakers meet privately, pledge confidentiality on LNG project

Alaska lawmakers, legislative staff and gas line consultants attended private meetings and signed confidentiality agreements about the Alaska Liquid Natural Gas project. Alaska Dispatch News reports the private meetings were held Friday and lasted more than two hours.

BP sells four oil fields

BP's sale of four North Slope oil fields involves laying off 275 workers and transfer to Hilcorp or early retirement of another 200 people. BP Alaska operations president Janet Weiss says the company will focus on Prudhoe Bay and a major liquefied natural gas project.

U.S. Sen. Begich back in Washington

His campaign says Sullivan changed his mind after he read the measure

Before the election primary, in which he faced Tea Party candidate Joe Miller, U.S. Sen. candidate Dan Sullivan opposed Ballot Measure Three, which would increases the state's minimum wage by $2 to $9.75 per hour in two years.  His campaign says Sullivan changed his mind after he read the initiative. Sullivan says he still opposes a federal minimum wage increase. His opponent, Sen. Mark Begich, supports a bill in Congress to increase the federal minimum wage to just over $10 an hour.

BP Alaska announces layoffs of 275 employees

BP is working to assess repairs needed to a leaky North Slope pipeline that sprayed natural gas and water containing crude oil over 27 acres of snow-covered tundra.

Gov. Sean Parnell says he was concerned about charges of misconduct in the Alaska National Guard in 2010, but lacked the specific information needed to act until this February, when he called for a federal investigation.

A Legislative Conference Committee is going through House and Senate versions of an Omnibus Education bill to identify areas of agreement and sticking points, working toward one bill that both chambers will find acceptable.

BP announced it is selling some of its North Slope assets to Hilcorp, which has been operating in Cook Inlet.