oil and gas

Opinion: Eliminate Alaska’s oil tax credits

The state is receiving nothing in return.

 

Volatile oil market prompts conservative forecasts

New Alaska Gov. Mike Dunleavy’s administration is taking a more conservative approach to oil revenue forecasting to help avoid the creation of an oversized budget.… Continue reading

 

The Trans-Alaska Pipeline. (Photo/File/AP)
The Trans-Alaska Pipeline. (Photo/File/AP)

Judge sets date in case of billion-dollar oil lawsuit

Sitka judge will hear arguments on a lawsuit with billion-dollar implications for Alaska.

Opinion: Oil companies aren’t stealing your PFD

I hear it all the time: “The oil tax giveaway created our budget problems;” “We wouldn’t have a budget problem if the oil companies weren’t… Continue reading

Juneau residents and visitors crowd into the Father Andrew P. Kashevaroff building housing the State Library, State Archives and State Museum during the Grand Opening in 2016. (Michael Penn | Juneau Empire file)

Demographics show Alaska’s destiny

Alaska’s population fell by about 2,700 people in 2017. It’s not nearly as noticeable as the post-pipeline-construction crash in 1977 or the 1980s recession, but… Continue reading

Juneau residents and visitors crowd into the Father Andrew P. Kashevaroff building housing the State Library, State Archives and State Museum during the Grand Opening in 2016. (Michael Penn | Juneau Empire file)
Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

Alaska pauses plan to borrow $1 billion for oil-company payouts

State officials confirmed Tuesday that a billion-dollar bond issue is on hold amid a pending lawsuit by two Juneau men.

Eric Forrer, left, and Joe Geldhof, right, have sued the state of Alaska in an attempt to stop a plan that calls for borrowing up to $1 billion from global bond markets to pay oil and gas tax credits owed by the state. They are pictured May 22, 2018 in an interview at the Juneau Empire. (James Brooks | Juneau Empire File)

Alaska pauses plan to borrow $1 billion for oil-company payouts

State officials confirmed Tuesday that a billion-dollar bond issue is on hold amid a pending lawsuit by two Juneau men. The bonds, authorized by the… Continue reading

Gov. Bill Walker speaks to members of the media in April 2015. (Michael Penn | Juneau Empire file photo)

Despite pending lawsuit, Gov. Bill Walker signs oil and gas borrowing bill

Despite a pending lawsuit, Gov. Bill Walker on Wednesday signed legislation allowing the state of Alaska to borrow up to $1 billion in order to… Continue reading

Gov. Bill Walker speaks to members of the media in April 2015. (Michael Penn | Juneau Empire file photo)

Despite pending lawsuit, Gov. Bill Walker signs oil and gas borrowing bill

Despite a pending lawsuit, Gov. Bill Walker on Wednesday signed legislation allowing the state of Alaska to borrow up to $1 billion in order to… Continue reading

House votes to borrow $1 billion for oil and gas deal

In a 23-15 vote Thursday afternoon, the Alaska House of Representatives approved a plan to borrow a billion dollars from global bond markets and send… Continue reading

Debt doubt: Legal argument may threaten state’s ability to borrow money

It’s a situation like a homeowner who opens a wall during renovations and unexpectedly finds termites. A legal dispute between attorneys could make billions of… Continue reading

State may borrow $1 billion to pay oil debt

The Alaska Legislature is considering a proposal to borrow up to $1 billion from global markets to cover a debt it owes to oil and… Continue reading

State asks Legislature for $10 million to survey ANWR for oil

The administration of Gov. Bill Walker is asking the Alaska Legislature for permission to spend $10 million on seismic surveying in the coastal plain of… Continue reading

Drill, maybe drill: Federal government considers offshore oil drilling in Southeast

The Trump Administration has released a draft plan calling for oil and gas lease sales across Alaska’s coasts, including in Southeast waters. The proposal, published… Continue reading