A dozen Alaska companies got $5 million to $10 million apiece.
Energy & Mining
Hilcorp to quietly take over BP’s stakes in Prudhoe Bay and other oil field assets
Hilcorp Energy Company will take over BP Alaska’s oil and gas leases within Point Thomson, Milne Point and the massive Prudhoe Bay oil field. The transfer is expected to happen around midnight, and marks the close of a major part of the $5.6 billion deal first announced by the oil companies last August.
Progress slows on mine project near Haines
Last summer, the Canadian metals company employed about 60 people, roughly half of them locals. This year, it has just one full-time and three part-time employees.
A new transportation route for the proposed Pebble Mine faces backlash from land owners
The U.S. Army Corps of Engineers has recommended a transportation corridor that cuts through land owned by several Bristol Bay entities that refuse to grant Pebble access to their properties.
Workers on Kotzebue’s solar project just hauled the last of 1,440 panels across the tundra
The 576-kilowatt project in Kotzebue is the second largest in the state, next to the Willow Solar Farm in the Matanuska-Susitna Borough.
Pebble offers to pay annual dividend to residents of Bristol Bay, hotbed of opposition to Pebble’s mine
Pebble Chief Executive Tom Collier says he wants to share the benefits of the mine with the region, even before the mine delivers its first load of ore.