Lakota Sioux Indians and their supporters across the country are celebrating the U.S. federal government’s decision to temporarily halt construction of a $3.8 billion oil pipeline that would cross treaty land seized from the Standing Rock Sioux Nation decades ago. But the issue is far from settled. The plan was for the Dakota Access Pipeline […]
A new report from the Alaska Department of Revenue shows a substantial negative effect on the finances of the State of Alaska from large oil and gas tax credits. The report concludes that North Slope oil and gas production tax credits may be an inferior investment for Alaska compared to investing in the Constitutional Budget […]
Islamist militants, advancing across parts of northern Iraqi, have seized the city of Tikrit and forced as many as 500,000 people to flee.Iraqi security officials said the Sunni militants, who on Tuesday overran the city of Mosul, pushed southward on Wednesday, taking control of Iraq’s biggest oil refinery and of Tikrit, fallen dictator Saddam […]
BP announced on Tuesday that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. The sale also […]