Welcome news was released by oil companies Repsol and Armstrong Oil and Gas, announcing their discovery of significant onshore oil on Alaska’s North Slope today on the Horseshoe prospect. While it had been previously announced that light oil had been discovered, Thursday’s announcement extended the Nanushuk Play in the Pikka Unit by approximately 20 miles and […]
JUNEAU – This week, economists with the Alaska Department of Revenue produced a report analyzing how much Alaska generates in oil production taxes after the state pays out subsidies in the form of oil tax credits. The report shows that in the next fiscal year, FY 2018, the state of Alaska is slated to pay […]
Juneau – Wednesday, the Alaska State Senate joined the Alaska House of Representatives in approving House Joint Resolution 5, urging the United States Congress to pass legislation to open the coastal plain of the Arctic National Wildlife Refuge (ANWR) to oil and gas development. The resolution, sponsored by Representative Dean Westlake (D-Kotzebue), underwent minor […]
Work resumed Thursday on the controversial Dakota Access oil pipeline in the north central U.S., while an Indian tribe went to court again in a last-minute effort to stop the project. The U.S. Army Corps of Engineers had given the go-ahead Wednesday for the work to continue. President Donald Trump ordered the project completed […]