In a dramatic development, North Slope oil producers have essentially erased a long-term decline trend that has existed for all but one year since 1989 when two new oil fields began producing in 2002.
Before going to the polls to decide Ballot Measure 1, voters should be very careful about believing everything they read. A "yes" vote will reverse the new oil production tax of Senate Bill 21 and put the Sarah Palin-era ACES back in place.
KENAI - Initial tests from the Sword No. 1 well have exceeded expectations, the chief executive of Cook Inlet Energy said.
A low-profile state commission most Alaskans have never heard of helps keep the oil industry safe. Only rarely does the Alaska Oil and Gas Conservation Commission get into the mainstream news, and that's a good thing according to its three commissioners.
JUNEAU - Contracting issues have delayed the start of planned cleanup work around abandoned well sites in the Alaska Arctic, a spokeswoman for the U.S. Bureau of Land Management said Tuesday.
JUNEAU - Alaska's share of revenue from oil and gas development in the National Petroleum Reserve-Alaska would be used to clean up abandoned federal well sites in the Alaska arctic under the budget proposed by President Barack Obama.
JUNEAU - A proposal to have the state help pay to clean up abandoned federal well sites in the Alaska arctic is "dead on arrival," U.S. Sen. Lisa Murkowski said Tuesday. During a subcommittee hearing in Washington, D.C.
KENAI - Buccaneer Energy has started drilling its first Cosmopolitan Prospect well with the Endeavour-Spirit of Independence jack-up rig, which arrived nine months ago from Singapore.
JUNEAU - The U.S. Bureau of Land Management released a plan Wednesday identifying 50 abandoned wells in the Alaska arctic that it believes require clean-up by the agency.
Alaska Republican Party Chairman Randy Ruedrich is seeking to settle a case in which the state found probable cause that he violated the state Ethics Act.
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