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State board sets value of TAPS at $10.2B

...2014.Under state law, the state Revenue Department determines the taxable value of the pipeline as well as oil production facilities, and municipalities are required to use the state's assessment as a basis for their own property taxes...
Oil tax credit zipping through Senate existing well. Explorers would get a 40 percent credit for wells drilled more than 25 miles from existing oil production facilities. Murkowski says Alaska isn't doing enough to encourage the hunt for new oil, compared to incentives other...
Governor signs bill on tax breaks for oil companies existing well. Explorers can get a 40 percent credit for wells drilled more than 25 miles from existing oil production facilities. The tax credits apply to work done between July 1, 2003, and July 1, 2007. Credits can be sold by companies...
North Slope oil production nearly back to normal

...issues at Production stood at more than 350,000 barrels Monday with electrical service restored to all the main oil production facilities and workers' camps at the BP-operated field in extreme northern Alaska, said BP Alaska spokesman Steve Rinehart...
Knowles wants more money for oil, gas oversight

...The request comes amid growing concern from oil industry critics and Congress over safety at the North Slope oil production facilities. Testing over a 16-month period on surface safety valves recently showed an excessive rate of failures...
Officials want BP execs to explain recent fires

Alaska officials Tuesday said BP must address the causes of four recent North Slope oil production facility fires, reprising concerns over BP's lax maintenance practices that last year led to a partial shut down of Prudhoe Bay, the...
Facts about the oil tax cut

...would allow state tax reductions only if companies drilled more exploration wells, or produced badly needed oil production facilities for new oil. We have filed legislation to also offer tax reductions if companies increase well drilling activity...
AIC wins Juneau airport project bid

...second-lowest bidder was Secon, at $28.9 million. AIC has completed a variety of projects in Alaska, including an oil production facility at Prudhoe Bay and airport runways in Nome, Bettles and Chena Hot Springs. It is completing the infrastructure...
Officials look back to killed oil legislation

...oil industry watchdogs and Congress, as they are now, were criticizing inadequate safety at the North Slope oil production facilities. At the time, tests revealed an excessive failure rate of surface safety valves. The proposal was one of...
Outside column: Candidates' gas policy approach bombs

...tensions about the share of oil profits that should go to local development have fueled ongoing militant attacks on oil production facilities, repeatedly disrupting the flow. On May 4, for instance, attacks on Royal Dutch Shell installations disrupted...


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