The price of U.S. and global benchmarks are both below $40 per barrel. The COVID-19 pandemic is driving some of the recent decline, but prices were low even before the outbreak.
"Larry Persily"
Goldman Sachs, in Arctic drilling tiff with Dunleavy, hires veteran Juneau lobbyist
After Goldman Sachs announced it would not finance oil drilling in the Arctic, Gov. Mike Dunleavy suggested he could cut off the millions of dollars a year that the state pays the Wall Street firm. Now Goldman is playing defense: Last week, it hired a Juneau lobbyist to represent its interests in Alaska.
Skagway News owner sells newspaper to Chugiak teachers for $20
“I’m selling it for $20, because I figure I should at least get a pizza out of this,” says The Skagway News owner Larry Persily.
The prospect of a $12B natural gas terminal in Southeast Alaska draws skepticism
Community members might not be amenable to a new facility that would attract massive gas tankers to Southeast Alaska.
BP moves to exit Alaska, relinquishing role as operator of Prudhoe Bay
One of Alaska’s “Big Three” oil companies is stepping away from its major role in the state: BP is leaving its position as the company that oversees Prudhoe Bay.
Cash-strapped state of Alaska takes aim at North Slope government’s oil money
A proposal by Alaska Gov. Mike Dunleavy would strip the North Slope Borough of its power to collect nearly $400 million in property taxes from oil companies each year. The idea gets at a longstanding question: How much money from oil should stay in the North Slope, where it’s pumped from the ground?
In China, Alaska gets new gasline partners — but no guarantees
The deal links Alaska’s gas pipeline project to three Chinese entities with deep pockets.
BlueCrest is latest company to stop work, citing state’s defunct cash-for-credits scheme
BlueCrest is the latest to fall victim to the now-defunct cashable credit program. It announced on August 1 that it couldn’t afford to keep drilling on the Kenai Peninsula and that it would be laying off about 150 people.
Facing global gas glut, ConocoPhillips to mothball Kenai LNG plant
ConocoPhillips hasn’t found a buyer for its liquefied natural gas plant on the Kenai Peninsula. Now, a company spokesperson said it’s going to save expenses by mothballing the facility this fall.
State gasline corporation raises specter of eminent domain
Community members weigh options as Alaska LNG project presses forward.