Thousands of gallons of oily water have been recovered from the harbor at the end of the trans-Alaska pipeline, but officials with the Department of Environmental Conservation say that the spill is contained.
Alaska's Energy Desk
Industry groups are suing the people behind the oil tax ballot initiative, arguing they gathered signatures illegally
The oil tax initiative would raise the minimum tax and eliminate oil tax credits for Alaska’s largest legacy fields: Prudhoe Bay, Kuparuk and Alpine.
Update: Why does a barrel of Alaska oil cost less than a pizza…and a cheap six-pack?
Economists at the state’s Department of Revenue were working to identify what drove the price down and what they could expect going forward.
Ravn is $90M in debt and could be forced to shut down for good, court docs say
Alaska’s largest rural airline is $90 million in debt and could be forced to sell its assets and shut down permanently, putting rural travel and supply lines in peril unless the government or new investors come to the aid of the bankrupt company, according to documents filed in federal court.
BP’s sale of its Alaska business is in jeopardy, The Wall Street Journal reports
As oil prices crater, banks are hesitant to finance the $5.6 billion deal, according to the Wall Street Journal.
ConocoPhillips shuts down North Slope drilling over coronavirus concerns
Oil giant ConocoPhillips announced Wednesday that it’s shutting down its drill rigs on the remote North Slope oil fields, and placing them into long-term storage, to protect its employees and contractors during the coronavirus pandemic.