Even as its plans to keep 2014 capital spending flat at roughly $24-$25 billion, BP (BP) plans to significantly increase its capital investment in Alaska this year. Why is the British oil giant suddenly so bullish on a state whose oil production has been on a steady downward trend for nearly three decades?
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JUNEAU, Alaska (AP) — Gov. Sean Parnell on Friday announced a new way forward on a long-hoped-for natural gas pipeline that includes scrapping the terms of a 2007 law he says no longer works well for the situation.
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You may have noticed we haven’t heard much talk about opening the Alaska National Wildlife Refuge recently.
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A major tax break for oil companies signed into law in May is now the heart of a battle between industry-friendly politicians who say the tax break will boost sluggish production and citizens who are demanding a refund.
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JUNEAU, Alaska — The state of Alaska on Monday proposed a multiyear, multimillion-dollar plan aimed at determining the true oil and gas potential in the Arctic National Wildlife Refuge.
State officials hope the plan will reinvigorate — and reshape — the debate over whether to drill on the refuge’s coastal plain.
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