oil and gas

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.

By Rachel Woldholz, APRN - Anchorage

The scheduled debate on a bill overhauling Alaska’s oil and gas tax credits never happened on Wednesday.

Speaker of the House Mike Chenault (sha-NALT) pulled the bill, saying that it didn’t have enough votes to pass.

Members of the Republican-led House majority are unhappy with a provision of the bill that changes tax credits in Cook Inlet. But members of the Democratic minority also don’t like the bill. They say it’s too generous to industry.

Joaqlin Estus / KNBA

Continuing low prices pressure Legislators to consider reduced oil and gas tax credits

By the Associated Press

Feb. 22, 2016

State Representatives question proposal to cut oil and gas tax credits

By The Associated Press

Governor sets deadline for alignment with oil and gas producers

By the Associated Press

Gov. Bill Walker says he wants the state and the North Slope's major producers to reach agreement on key contracts and issues related to a major gas project before the end of the current legislative session. If the parties don't reach alignment on those issues, he says, he'll have "no other choice" but to consider other options for commercializing Alaska's gas.

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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.

A newly released federal audit shows veterans were able to get an appointment within 14 days at the VA hospital in Anchorage.

A deep water port in northwest Alaska wouldn't cut the high cost of living unless the oil and gas used the proposed port as a main base.

The Tlingit and Haida Dancers of Anchorage are practicing, and raising money, to go to "Celebration," a biennial arts, dance, and cultural event held in Juneau.

Depending on who you ask, HB77 would have streamlined state permitting of development projects, or unacceptably limited public participation in resource management decision-making. Due to controversy over those differing views, the bill is dead.

Royal Dutch Shell didn't fully consider the risk of towing an unpropelled drill rig through the Gulf of Alaska during a winter storm, according to a Coast Guard investigation into the grounding of Shell's Kulluk rig on New Year's Eve in 2012.