Prudhoe Bay Newswire

Prudhoe Bay Newswire

Comprehensive Real-Time News Feed for Prudhoe Bay, AK.

Results 1 - 20 of 24 for "u:alaskajournal.com" in Prudhoe Bay, AK

  1. A family affair lives on at GBR Oilfield ServicesRead the original story w/Photo

    Wednesday Sep 19 | Alaska Journal of Commerce

    From left to right, Mike Reynolds, John Kershner and Jack Adams chat on the Nordic 4 rig while working for Italian oil major Eni in May. Mike Reynolds is the third generation of his family to work for GBR Oilfield Services. Billy Reynolds left Parker Drilling to join his father working for GBR Oilfield Services in 1983 just before the oil price crash that sent Alaska into a recession.

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  2. COMMENTARY: Gasline deals put Alaska on cusp of opportunityRead the original story w/Photo

    Wednesday Sep 19 | Alaska Journal of Commerce

    Fellow Alaskans, I want to share in collective celebration the significant milestone Alaska reached last Monday, Sept. 10. The Alaska LNG Project is now a compelling step closer to bringing Alaska's vast stranded natural gas to market.

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  3. ExxonMobil signs gasline agreements with stateRead the original story w/Photo

    Monday Sep 10 | Alaska Journal of Commerce

    From left to right are Attorney General Jahna Lindemuth, ExxonMobil Alaska Production Manager Darlene Gates, Gov. Bill Walker, BP Vice President of Commercial Ventures Damian Bilbao, and Natural Resources Commissioner Andy Mack on Sept. 10 at the Atwood Building in Anchorage.

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  4. COMMENTARY: PFD should be enshrined in Constitution for all AlaskansRead the original story w/Photo

    Aug 23, 2018 | Alaska Journal of Commerce

    My roots in Alaska go deep. I've had incredible opportunities here. At 93, my greatest hope is that my children and future Alaskans continue thriving here in a land of opportunity.

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  5. Division of Oil and Gas promotes North Slope SALSA saleRead the original story w/Photo

    Aug 8, 2018 | Alaska Journal of Commerce

    Three Special Alaska Lease Sale Areas, or SALSAs, are some of the only remaining swaths of unspoken-for North Slope acreage in the middle of one of the country's preeminent hydrocarbon basins. Painful puns aside, Department of Natural Resources officials for the first time have put together large chunks of available North Slope acreage that will each be auctioned off with a single bid during the state's annual fall lease sales held by the Division of Oil and Gas.

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  6. Gov, Meyer unfazed by China's tariff threat on LNGRead the original story w/Photo

    Aug 3, 2018 | Alaska Journal of Commerce

    The Vladimir Rusanov LNG carrier makes a delivery on July 19 from the Russian Yamal LNG project at the iangsu Rudong port in China. China is proposing a fresh round of tariffs against US exports, this time including LNG.

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  7. State defends claim for $160M in back taxesRead the original story w/Photo

    Jul 23, 2018 | Alaska Journal of Commerce

    State attorneys issued a wholesale rebuttal July 18 in responding to a lawsuit brought by three companies that work on the North Slope against the state Revenue Department over how detailed portions of the state's oil tax laws are applied. ExxonMobil, Hilcorp Energy and SAE Exploration, a seismic imaging company, sued the Department of Revenue in state Superior Court June 8 alleging Tax Division officials are using an unenforceable guidance document to improperly collect upwards of $160 million in oil production taxes.

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  8. Despite slight production dip, state oil revenue grows in FY18Read the original story w/Photo

    Jul 10, 2018 | Alaska Journal of Commerce

    An employee works on the drilling deck of Parker Rig 272 at Prudhoe Bay in this May 2017 photo. Although a warm winter held North Slope oil production back from a third year of production growth, the small dip of less than 1 percent was offset with oil prices that closed the 2018 fiscal year at better than $63 per barrel on average.

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  9. Lower costs, federal tax cut boost producers' share of profitsRead the original story w/Photo

    May 16, 2018 | Alaska Journal of Commerce

    In its 2017 presentation to the Senate Finance Committee, ConocoPhillips noted that the state share of profits was greater than the producer share at all price points. In its January 2018 presentation to the House Resources Committee, ConocoPhillips' updated chart on government take shows the benefits of the federal corporate tax cut that grew its share to larger than the state's at current prices.

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  10. BP, AGDC reach deal on North Slope gasRead the original story w/Photo

    May 7, 2018 | Alaska Journal of Commerce

    Alaska Gov. Bill Walker, second from left, chats with BP staff at Prudhe Bay as BP Alaska Region President Janet Weiss looks on in this May 22, 2015, photo. On Monday the state and BP announced a binding deal on price and gas volume for the major producer to sell into the Alaska LNG Project.

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  11. Guest Commentary: Quintillion focused on a bright future for AlaskaRead the original story w/Photo

    Apr 23, 2018 | Alaska Journal of Commerce

    The French cable ship Ile de Batz is at the dock in Unalaska on June 27, 2017, en route to the Arctic Ocean to complete Quintillion's Prudhoe Bay-to-Nome fiber optic cable system. The Alaska portion of the network is now complete and active, but the company has been jarred by the arrest of its former CEO on multiple counts of wire fraud.

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  12. AGDC chief recaps visit from Chinese delegation as funding unresolvedRead the original story w/Photo

    Apr 13, 2018 | Alaska Journal of Commerce

    Members of the Chinese delegation hosted by the Alaska Gasline Development Corp. last month traveled through Atigun pass in the Brooks Range as part of their trip to view the state oil and gas infrastructure firsthand. Part of the delegation of 38 from China representing the state-owned corporations interested in partnering on the Alaska LNG Project visited the U.S. Geological Materials Center in Anchorage as part of the six-day trip in late March.

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  13. Federal tax cut boosts BP's Alaska bottom line by $500MRead the original story w/Photo

    Mar 29, 2018 | Alaska Journal of Commerce

    BP reported results for Alaska on March 29 that were boosted by $500 million thanks to the accounting difference on deferred taxes after the corporate tax rate was cut from 35 percent to 21 percent this past December. BP netted $830 million from its North Slope operations in 2017 but the company's Alaska leaders contend the net income figure shrinks to $118 million when all of the work it does in the state is factored in against a backdrop of $543 million in taxes and royalties paid to the State of Alaska.

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  14. BP bounces back from 2016 with $3.4B profit in 2017Read the original story w/Photo

    Feb 7, 2018 | Alaska Journal of Commerce

    BP Alaska President Janet Weiss speaks at the Alaska Support Industry Alliance "Meet Alaska" event on Jan. 19 to tout the company's performance at Prudhoe Bay over the past three years. While BP Alaska leaders are celebrating the success of stemming production decline from the aging Prudhoe Bay oil field despite belt-tightening in the industry, the company's global executives on Feb. 6 celebrated the announcement of a $3.4 billion profit in 2017.

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  15. Slope well review reveals no issues beyond those flagged by BPRead the original story w/Photo

    Jan 25, 2018 | Alaska Journal of Commerce

    An emergency engineering review of all North Slope wells ordered last October by state regulators did not reveal any significant issues but a regulation change is still likely. The Alaska Oil and Gas Conservation Commission issued the emergency directive to North Slope production and exploration companies Oct. 30 after it was determined a BP well at Prudhoe Bay Drill Site 2 that failed and sprayed about 100 gallons of oil last April did so largely due to its outer surface casing being set in the permafrost - and the permafrost thawing and subsiding.

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  16. Producers celebrate Slope as House takes up another tax hikeRead the original story w/Photo

    Jan 24, 2018 | Alaska Journal of Commerce

    BP Alaska President Janet Weiss speaks at the Alliance Support Industry Alliance Meet Alaska conference on Jan. 19 in Anchorage. Weiss celebrated three years of no field decline at Prudhoe Bay and had her head shaved the next day after losing a bet over the production output.

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  17. Guest Commentary: Private sector can build bridge to better economic futureRead the original story w/Photo

    Dec 27, 2017 | Alaska Journal of Commerce

    How many special sessions in one year does it take for the Legislature come up with a plan to stem Alaska's economic decline? Obviously not four, the new record set this year. After nearly three consecutive years of recession, legislators remain divided over whether it's better to raise taxes or cut government spending.

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  18. State changes course, approves Pt. Thomson plan onRead the original story w/Photo

    Dec 22, 2017 | Alaska Journal of Commerce

    State Natural Resources officials approved ExxonMobil's long-term plan of development to grow the Point Thomson gas field Friday after getting a letter from the companies Alaska leaders that caused the state to change course, according to the approval documents. The approval comes despite Division of Oil and Gas Director Chantal Walsh first resoundingly rejecting the plan Aug. 29, contending at the time it contained too many "ifs" and "woulds," depending on economics and its partners' decisions and allowed Exxon to back out of its 2012 Point Thomson settlement with the state that bound it to develop the long-awaited project.

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  19. Guest Commentary: More investment, not more taxes, will bring more oilRead the original story w/Photo

    Nov 15, 2017 | Alaska Journal of Commerce

    There's new math, old math and just plain crazy math, which best describes the latest formula from Sens. Berta Gardner and Tom Begich to close our fiscal gap in part by raising taxes on oil and gas a seventh time in 12 years. While most governments around the world have offered incentives to help energy companies weather low oil prices, Alaska raised its oil taxes in 2006, 2007, 2014, 2016 and 2017 - and now talks about upping them again.

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  20. Regulators order review of all Slope wellsRead the original story w/Photo

    Nov 1, 2017 | Alaska Journal of Commerce

    This photo taken on April 18 shows the Drill Site 2, Well 3 well house at Prudhoe Bay. The adjacent reserve pit shows an area of light crude spray after a gas discharge and oil spray on April 14 that released about 100 gallons of oil.

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