Prudhoe Bay Newswire

Prudhoe Bay Newswire

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

Results 1 - 20 of 43 for "u:alaskajournal.com" in Prudhoe Bay, AK

  1. Negotiations among producers challenging Ak LNG timelineRead the original story w/Photo

    Wednesday Feb 3 | Alaska Journal of Commerce

    Progress has slowed in fiscal negotiations among the state's partners in the Alaska LNG Project, raising concerns that agreements might not be in place to meet critical deadlines. At the top of the list of eight agreements still needing to be resolved is the Gas Balancing Agreement, the foundation necessary for the other issues to fall into place, project leaders told the Senate Resources Committee Jan. 27. Representatives from BP and ExxonMobil stuck mostly to vague boilerplate statements, saying the negotiations are hitting "speed bumps," that should in a way be an encouraging as a sign the tough issues are being addressed.

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  2. Construction forecast down 18% to 2013 levelsRead the original story w/Photo

    Wednesday Feb 3 | Alaska Journal of Commerce

    Crews from Granite Construction Co. work on a $48-million runway rehabilitation project for the Alaska Department of Transportation at the Ted Stevens Anchorage International Airport last year.

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  3. Legislature gets first update on pros, cons of Ak LNG ProjectRead the original story w/Photo

    Wednesday Jan 27 | Alaska Journal of Commerce

    Legislators got their first briefing of the session on the Alaska LNG Project on Jan. 25 direct from the project's lead manager, ExxonMobil's Steve Butt. In presentations to the House and Senate Resource committees, Butt implored legislators to view themselves as the board of directors for the state, as a 25 percent owner of the $45 billion to $65 billion prospective development.

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  4. BP to cut Alaska workforce by 13%Read the original story w/Photo

    Wednesday Jan 13 | Alaska Journal of Commerce

    A trader reacts in the oil options pit at the New York Stock Exchange in this AP file photo. Prices for benchmark crude have hit a 12-year low, and oil companies are slashing jobs in response.

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  5. BP will cut Alaska workforce by 13 percentRead the original story w/Photo

    Tuesday Jan 12 | Alaska Journal of Commerce

    An intra-company email obtained by the Journal sent to BP Alaska employees Jan. 12 states that the company plans to reduce its total in state workforce by 13 percent. All employees should know their status by early spring and the majority of layoffs will be conducted by mid-year, according to the email.

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  6. After flooding, work continues to re-bury TAPSRead the original story w/Photo

    Jan 6, 2016 | Alaska Journal of Commerce

    Photos/Courtesy/Ahtna Inc. Crews worked in November in extreme conditions on buried sections of the Trans-Alaska Pipeline System that were exposed by floods last spring. Photos show exhaust fans that maintained safe conditions in covered areas as crews reapplied pipe coating after sandblasting.

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  7. Alyeska pouring efforts into cold-weather opsRead the original story w/Photo

    Dec 29, 2015 | Alaska Journal of Commerce

    Oil from Prudhoe Bay once entered the Trans-Alaska Pipeline System at 140 degrees Fahrenheit, but now comes in at about 106 degrees. The temperature drops as it moves 800 miles toward Valdez, and at current production levels the operator Alyeska Pipeline Service Co.

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  8. A critical year lies ahead for Alaska LNG Project agreementsRead the original story w/Photo

    Dec 22, 2015 | Alaska Journal of Commerce

    The coming year is a critical one for the Alaska LNG Project. Continued progress on Alaska LNG is vital to Alaska's long-term economy, and the state budget.

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  9. New production by ConocoPhillips highlights - 15Read the original story w/Photo

    Dec 16, 2015 | Alaska Journal of Commerce

    The CD-5 project by ConocoPhillips began producing in fall 2015 ahead of schedule, shortly after the company completed Drillsite 2S in the Kuparuk field. ConocoPhillips is continuing to develop its project in the West Sak and also sanctioned development of Greater Moose's Tooth-1, which will connect to the infrastructure at CD-5.

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  10. GCI completes wireless acquisition; Arctic fiber advancesRead the original story w/Photo

    Dec 16, 2015 | Alaska Journal of Commerce

    In 2014, General Communications Inc. agreed to a $300 million deal with to Alaska Communications Systems Group Inc for all the latter company's wireless subscribers and 33 percent of Alaska Wireless Network, a combination of both companies' wireless infrastructure. ACS has used the proceeds from the deal to pay down its debt, and now focuses on its broadband business.

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  11. Lengthy to-do list remains for Alaska LNG negotiatorsRead the original story w/Photo

    Nov 18, 2015 | Alaska Journal of Commerce

    Gov. Bill Walker shakes hands with Sen. Anna MacKinnon, R-Eagle River, left, Rep. Steve Thompson, R-Fairbanks, and Rep. Mark Neuman, R-Big Lake, right, after signing the bill to buyout TransCanada's share of the Alaska LNG Project at the Capitol on Nov. 5. Photo/Michael Penn/Juneau Empire There is a long list of commercial issues yet to be resolved in the Alaska LNG Project negotiations but many of these may be combined, so the number of agreements, in the form of contracts, is yet to be determined, sources familiar with the negotiations have told the Journal. At the top of the list are four items important to the state of Alaska, two of which Gov. Bill Walker hopes to see resolved by early December.

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  12. Ajoc Editorial: Producers let Walker save face in pulling gas taxRead the original story w/Photo

    Oct 28, 2015 | Alaska Journal of Commerce

    Starting with Shell's announcement Sept. 28 it would be suspending its Arctic exploration program indefinitely, it's been a rough couple months for resource development in Alaska by any standard.

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  13. Good news from the Slope: More oil, drillingRead the original story w/Photo

    Oct 28, 2015 | Alaska Journal of Commerce

    Oil is now flowing at ConocoPhillips' new CD-5 North Slope production drillsite on the North Slope, the company announced Oct. 26. Peak production is expected to be about 16,000 barrels per day. It is the second new project by ConocoPhillips to begin production in October, following the beginning of oil flow at Drillsite 2S in the Kuparuk field.

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  14. Walker's gas tax raises more questionsRead the original story w/Photo

    Oct 21, 2015 | Alaska Journal of Commerce

    Alaska U.S. Rep. Don Young listens as Alaska Gov. Bill Walker speaks to reporters at the Alaska Federation of Natives conference on Oct. 16 after Interior Secretary Sally Jewell said her agency was canceling future lease sales and will not extend current drilling leases in Arctic waters off Alaska's northern coast . Walker is calling the Legislature into special session beginning Oct. 24 to consider a gas reserves tax he describes as an "incentive" to producers to commit gas to the Alaska LNG Project.

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  15. AOGCC approves additional gas offtake at Prudhoe BayRead the original story w/Photo

    Oct 21, 2015 | Alaska Journal of Commerce

    The Alaska Oil and Gas Conservation Commission has approved an increased natural gas "offtake" rate of 3.6 billion cubic feet of gas per day from the Prudhoe Bay field on the North Slope to supply the planned Alaska LNG Project. The commission's order, issued Oct. 15, amended a previous order from several years ago that allowed 2.7 billion cubic feet of gas to be produced.

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  16. Guest Commentary: It's time for Alaska to drive its destiny as an owner stateRead the original story w/Photo

    Sep 30, 2015 | Alaska Journal of Commerce

    Earlier this week , Lieutenant Governor Byron Mallott and I enlisted the help of seventh-grader Shania Sommer from Palmer to announce the amount of this year's permanent fund check. We wanted one of our promising youth to be the face of the dividend to highlight the importance of ensuring a bright future for the next generations of Alaskans.

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  17. Ajoc Editorial: Producers want gas by 2025. Does Walker?Read the original story w/Photo

    Sep 30, 2015 | Alaska Journal of Commerce

    When it comes to the Alaska LNG Project, it appears Gov. Bill Walker is more interested in negotiating the pre-nup than he is in planning the wedding. With his latest shot from the hip directed at the project so critical to the future of Alaska, Walker is pitching the idea of some kind of natural gas reserves tax levied against producers who decide against participating in AK LNG.

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  18. Indys have exploration plans from NPR-A to SouthcentralRead the original story w/Photo

    Sep 16, 2015 | Alaska Journal of Commerce

    Independent companies are gearing up to drill more exploration wells in Alaska this winter and next summer, defying low crude oil prices and uncertainties in a state oil and gas exploration incentive program. Dallas-based Caelus Energy plans to test its offshore prospect in Smith Bay, which is north of the federal National Petroleum Reserve-Alaska, but onshore tests by small independents are now planned in the southern North Slope and in Interior Alaska.

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  19. Quintillion partners with Alcatel-Lucent for Arctic fiberRead the original story w/Photo

    Aug 6, 2015 | Alaska Journal of Commerce

    A specialized Alcatel-Lucent ship rolls out an undersea fiber-optic cable in 2011 that eventually linked Venezuela to Cuba. The French telecom announced a deal July 28 with Anchorage-based Quintillion Subsea Holdings to lay more than 1,100 miles of undersea fiber optic cable in the Arctic Ocean to connect Prudhoe Bay to Nome, along with four communities in between, by the end of 2016.

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  20. Haul road closed again for floodingRead the original story w/Photo

    May 19, 2015 | Alaska Journal of Commerce

    Alaska Department of Transportation and Public Facilities officials closed the haul road early May 18 as melting ice covered it in two feet of water in some places. Ice overflow from the nearby Sag River built up several feet thick in late winter along the northern end of the Dalton between mileposts 390 and 405.

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