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ALASKA JOURNAL
Sen. Bert Stedman, R-Sitka, listens to Sen. Donny Olson, D-Golovin, during a May 26 meeting of the House-Senate budget conference committee at the Capitol in Juneau.ALASKA JOURNAL
A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.ALASKA JOURNAL
Update: State managers have decided to close the Copper River drift fishery for the 12-hour Thursday fishing period to allow more sockeye into the river, according toALASKA JOURNAL
The Alaska Journal of Commerce and the Anchorage Daily News are pleased to once again recognize a group of outstanding young professionals in the 2021 Top Forty Under 40. This year we considered 114 nominees and 750 pages of supporting documentation, with members of the selection committee ranking each individual on a scale from 1 to 5 and the best 40 scores joining the 2021 class.ALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
Alaska’s 2021 salmon officially starts on May 17 with a 12-hour opener for reds and kings at the Copper River. All eyes will be on early Cordova dock prices for Alaska’s famous “first fresh salmon of the season” as an indicator of wild salmon markets.ALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
State regulators in charge of subsurface oversight of the oil and gas industry are giving a series of mostly small operators the opportunity to make their case for special treatment under recently strengthened financial assurance requirements. ALASKA JOURNALOIL & GASFISHERIESCONSTRUCTION & REAL ESTATETRANSPORTATIONTECH & TELECOM Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.ALASKA JOURNAL
Sen. Bert Stedman, R-Sitka, listens to Sen. Donny Olson, D-Golovin, during a May 26 meeting of the House-Senate budget conference committee at the Capitol in Juneau.ALASKA JOURNAL
A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.ALASKA JOURNAL
Update: State managers have decided to close the Copper River drift fishery for the 12-hour Thursday fishing period to allow more sockeye into the river, according toALASKA JOURNAL
The Alaska Journal of Commerce and the Anchorage Daily News are pleased to once again recognize a group of outstanding young professionals in the 2021 Top Forty Under 40. This year we considered 114 nominees and 750 pages of supporting documentation, with members of the selection committee ranking each individual on a scale from 1 to 5 and the best 40 scores joining the 2021 class.ALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
Alaska’s 2021 salmon officially starts on May 17 with a 12-hour opener for reds and kings at the Copper River. All eyes will be on early Cordova dock prices for Alaska’s famous “first fresh salmon of the season” as an indicator of wild salmon markets.ALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
State regulators in charge of subsurface oversight of the oil and gas industry are giving a series of mostly small operators the opportunity to make their case for special treatment under recently strengthened financial assurance requirements.ALASKA JOURNAL
Alaska Gov. Mike Dunleavy speaks during a press conference May 12 in the Alaska State Capitol at Juneau. With deadlines looming before the start of the next fiscal year on July 1, Dunleavy is urging legislators to approve his plan to evenly split Permanent Fund earnings between the budget and the PFD as a step toward a long-termbudget solution.
ALASKA JOURNAL
Royal Caribbean’s Odyssey of the Seas, a brand new cruise ship that accommodates up to 4,180 passengers, arrives at Port Canaveral on June4.
ALASKA JOURNAL
21 hours ago · Small independents did the bidding in Wednesday’s Cook Inlet oil and gas lease sale that netted the Department of Natural Resources $451,594 from eight bids.ALASKA JOURNAL
1 day ago · Conflicting legal opinions have led to discrepancies in the state’s finances totaling more than $1.6 billion, according to a legislative audit that detected 91 issues with the state’s money management and reporting last year.ALASKA JOURNAL
WASHINGTON — A quiet partisan battle is brewing in the nation’s capital over government’s role in helping the fledgling electric vehicle market off the ground.ALASKA JOURNAL
Helge Eng joined the Department of Natural Resources as director of the Division of Forestry and Alaska state forester, after a 21-year career at California’s forest management and wildlife firefighting agency. At the California Department of Forestry and Fire Protection, Eng had been deputy director for forestry since 2015. He had previously spent two years as assistant deputy director forALASKA JOURNAL
Last weekend, U.S. Sen. Joe Manchin, D-W.V., became a lightning rod for the extreme progressive wing of his party when he stood firm in support of the filibuster.ALASKA JOURNAL
It took nearly four decades to get a bill opening the Arctic National Wildlife Refuge coastal plain for oil exploration to the desk of a president who would sign it, but several months after the first lease sale the state’s congressional leaders are mostly relegated to the sidelines as the Biden administration has suspended the highly contentious program.ALASKA JOURNAL
The Pentagon’s F-35 fighter jet, a revenue mainstay for manufacturer Lockheed Martin Corp. and engine maker Pratt &Whitney, is facing pushback over its $1.7 trillion lifetime cost, the greatest in U.S. military history for a weapons system.ALASKA JOURNAL
Eager buyers are awaiting Alaska salmon from fisheries that are opening almost daily across the state and it’s easy to track catches and market trends for every region. ALASKA JOURNALOIL & GASFISHERIESCONSTRUCTION & REAL ESTATETRANSPORTATIONTECH & TELECOM Biden signs bill authorizing Southeast Alaska cruise season. It took several months of educating and vote wrangling, but President Joe Biden signed the Alaska’s congressional delegation’s legislation on May 24 to salvage the latter half of this year’s cruise ship season, in Southeast, at least. » Read More.ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Tue, 05/25/2021 - 11:33am. A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
The Senate Finance version of the budget funded PFDs in the $1,000 range, or a $674.9 million appropriation. Conference member and House Finance co-chair Rep. Kelly Merrick, R-Eagle River, also submitted legislation late in the session to fund the PFD directly with 30 percent of the state’s annual mineral royalty income.ALASKA JOURNAL
Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.ALASKA JOURNAL
Wed, 05/26/2021 - 10:06am. Fishermen deliver Copper River salmon to the F/V Kelly Ann, tendering for Camtu’s Alaska Wild Seafoods, before heading back to Cordova on May 20. Catches have picked up from a slow start and Peter Pan Seafoods paid record prices to fishermen after the season’s second open period. (Photo/Emily Mesner/AnchorageALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
Mon, 05/10/2021 - 11:23am. Trident Seafoods President of Alaska Operations Vic Scheibert, left, and CEO Joe Bundrant hold up one of the first Copper River king salmon of the 2020 season. Depressed demand amid pandemic restaurant closures and a poor return contributed to a rough season a year ago, but interest is picking up with theseason set
ALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
The Alaska Journal of Commerce and the Anchorage Daily News are pleased to once again recognize a group of outstanding young professionals in the 2021 Top Forty Under 40. This year we considered 114 nominees and 750 pages of supporting documentation, with members of the selection committee ranking each individual on a scale from 1 to 5 and the best 40 scores joining the 2021 class.ALASKA JOURNAL
The Alaska Oil and Gas Conservation Commission on Jan. 16 heard Malamute Energy Inc.’s appeal to updated bonding requirements for entities holding active or unplugged wells in the state. The hearing for Malamute Energy was the fourth of nine reconsideration requests the three-member commission is scheduled to hear through Feb. 18. ALASKA JOURNALOIL & GASFISHERIESCONSTRUCTION & REAL ESTATETRANSPORTATIONTECH & TELECOM Biden signs bill authorizing Southeast Alaska cruise season. It took several months of educating and vote wrangling, but President Joe Biden signed the Alaska’s congressional delegation’s legislation on May 24 to salvage the latter half of this year’s cruise ship season, in Southeast, at least. » Read More.ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Tue, 05/25/2021 - 11:33am. A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
The Senate Finance version of the budget funded PFDs in the $1,000 range, or a $674.9 million appropriation. Conference member and House Finance co-chair Rep. Kelly Merrick, R-Eagle River, also submitted legislation late in the session to fund the PFD directly with 30 percent of the state’s annual mineral royalty income.ALASKA JOURNAL
Attorneys for the Interior Department argue in a court brief filed late Wednesday that conservation and Alaska Native groups filed suits to stop ConocoPhillips’ $6 billion Willow oil project too late and the agency sufficiently accounted for the greenhouse gas emissions from the development in its environmental review.ALASKA JOURNAL
Wed, 05/26/2021 - 10:06am. Fishermen deliver Copper River salmon to the F/V Kelly Ann, tendering for Camtu’s Alaska Wild Seafoods, before heading back to Cordova on May 20. Catches have picked up from a slow start and Peter Pan Seafoods paid record prices to fishermen after the season’s second open period. (Photo/Emily Mesner/AnchorageALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
Mon, 05/10/2021 - 11:23am. Trident Seafoods President of Alaska Operations Vic Scheibert, left, and CEO Joe Bundrant hold up one of the first Copper River king salmon of the 2020 season. Depressed demand amid pandemic restaurant closures and a poor return contributed to a rough season a year ago, but interest is picking up with theseason set
ALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
The Alaska Journal of Commerce and the Anchorage Daily News are pleased to once again recognize a group of outstanding young professionals in the 2021 Top Forty Under 40. This year we considered 114 nominees and 750 pages of supporting documentation, with members of the selection committee ranking each individual on a scale from 1 to 5 and the best 40 scores joining the 2021 class.ALASKA JOURNAL
The Alaska Oil and Gas Conservation Commission on Jan. 16 heard Malamute Energy Inc.’s appeal to updated bonding requirements for entities holding active or unplugged wells in the state. The hearing for Malamute Energy was the fourth of nine reconsideration requests the three-member commission is scheduled to hear through Feb. 18.ALASKA JOURNAL
Alaskan interest in growing kelp continues to outpace that of shellfish, based on applications filed during the annual window that runs from January through April.ALASKA JOURNAL
Alaska’s lone seafood marketing arm gets zero budget from the state and to date, has received no pandemic funds. The Alaska Seafood Marketing Institute is hoping to get a breather from the more than $1 billion coming to Alaska in the latest round of federal relief dollars under the American Rescue Plan, or ARP.ALASKA JOURNAL
An unladen oil tanker that’s part of a growing number of foreign-flagged vessels transporting Alaska crude reportedly dragged its anchor for nearly four miles in rough Gulf of Alaska seas while waiting for an escort to Valdez in mid-April.ALASKA JOURNAL
Copper River forecast still off from historical returns. Copper River sockeye harvested during the first fishing period on May 16, 2019, are seen after delivery to 10th and M Seafoods in Anchorage. After a historically poor harvest of kings and sockeyes in 2020, state biologists are forecasting a slight rebound in 2021.ALASKA JOURNAL
The Alaska Oil and Gas Conservation Commission on Jan. 16 heard Malamute Energy Inc.’s appeal to updated bonding requirements for entities holding active or unplugged wells in the state. The hearing for Malamute Energy was the fourth of nine reconsideration requests the three-member commission is scheduled to hear through Feb. 18.ALASKA JOURNAL
9th Circuit rules against federal permit for Liberty project. The federal 9th Circuit Court of Appeals invalidated the Interior Department’s environmental review of Hilcorp Energy’s offshore North Slope Liberty oil project in a ruling issued Dec. 7. A three-judge panel of the western court concluded the Bureau of OceanEnergy Management
ALASKA JOURNAL
Legal Notices. NOTICE OF SALE is given by THE SAYER LAW GROUP, P.C., as Trustee, that they will sell realty for cash to the highest bidder at Inside the Main Entrance of the Boney Courthouse at 303 K Street, Anch NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST Trustee's Sale No: 095728-AK This NOTICE OF DEFAULT AND ELECTION TOALASKA JOURNAL
Miller is the CEO of Renewable IPP, which officially opened Alaska’s largest solar farm Nov. 15. The now-1.2 megawatt facility installed last year by the Renewable IPP group on a 17-acre property along the Parks Highway near Willow has expanded from a 140-kilowatt pilotproject.
ALASKA JOURNAL
Movers and Shakers for May 10. Post date: Wed, 05/06/2020 - 10:36am. Northrim Bank announced the promotion of Lindsay Atkins to Jewel Lake Branch manager; and the hiring of David Byrne as commercial loan officer in the Juneau Financial Center and Loren Olsen as vice president-Lending Branch manager. Atkins has been with Northrim forfive years
ALASKA JOURNAL
Post date: Wed, 08/05/2020 - 9:12am. The bankruptcy sale of Furie Operating Alaska has closed with new owner John Hendrix taking over. Hendrix, a former oil and gas executive and adviser to former Gov. Bill Walker, said the company will be focusing on its core gas business and abandoning its previous efforts to expand into oilproduction.
ALASKA JOURNALOIL & GASFISHERIESCONSTRUCTION & REAL ESTATETRANSPORTATIONTECH & TELECOM Biden signs bill authorizing Southeast Alaska cruise season. It took several months of educating and vote wrangling, but President Joe Biden signed the Alaska’s congressional delegation’s legislation on May 24 to salvage the latter half of this year’s cruise ship season, in Southeast, at least. » Read More.ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Tue, 05/25/2021 - 11:33am. A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
Wed, 05/26/2021 - 10:06am. Fishermen deliver Copper River salmon to the F/V Kelly Ann, tendering for Camtu’s Alaska Wild Seafoods, before heading back to Cordova on May 20. Catches have picked up from a slow start and Peter Pan Seafoods paid record prices to fishermen after the season’s second open period. (Photo/Emily Mesner/AnchorageALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
Copper River forecast still off from historical returns. Copper River sockeye harvested during the first fishing period on May 16, 2019, are seen after delivery to 10th and M Seafoods in Anchorage. After a historically poor harvest of kings and sockeyes in 2020, state biologists are forecasting a slight rebound in 2021.ALASKA JOURNAL
The Alaska Oil and Gas Conservation Commission on Jan. 16 heard Malamute Energy Inc.’s appeal to updated bonding requirements for entities holding active or unplugged wells in the state. The hearing for Malamute Energy was the fourth of nine reconsideration requests the three-member commission is scheduled to hear through Feb. 18.ALASKA JOURNAL
Legal Notices. NOTICE OF SALE is given by THE SAYER LAW GROUP, P.C., as Trustee, that they will sell realty for cash to the highest bidder at Inside the Main Entrance of the Boney Courthouse at 303 K Street, Anch NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST Trustee's Sale No: 095728-AK This NOTICE OF DEFAULT AND ELECTION TOALASKA JOURNAL
Miller is the CEO of Renewable IPP, which officially opened Alaska’s largest solar farm Nov. 15. The now-1.2 megawatt facility installed last year by the Renewable IPP group on a 17-acre property along the Parks Highway near Willow has expanded from a 140-kilowatt pilotproject.
ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Wed, 09/11/2019 - 9:01am. FedEx has applied for a lease at the Ted Stevens Anchorage International Airport to construct a 98,000-square foot, $57 million domestic operations center. It is one of several cargo operation projects on the table at the airport with a total construction value of nearly$600 million.
ALASKA JOURNALOIL & GASFISHERIESCONSTRUCTION & REAL ESTATETRANSPORTATIONTECH & TELECOM Biden signs bill authorizing Southeast Alaska cruise season. It took several months of educating and vote wrangling, but President Joe Biden signed the Alaska’s congressional delegation’s legislation on May 24 to salvage the latter half of this year’s cruise ship season, in Southeast, at least. » Read More.ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Tue, 05/25/2021 - 11:33am. A drill rig is seen working at the Alkaid-1 well being developed by London-based Pantheon in 2020. Further exploration at the Dalton Highway-adjacent prospect this winter revealed a massive find the company estimates at more than one billion barrels of recoverable oil.ALASKA JOURNAL
Wed, 05/26/2021 - 10:06am. Fishermen deliver Copper River salmon to the F/V Kelly Ann, tendering for Camtu’s Alaska Wild Seafoods, before heading back to Cordova on May 20. Catches have picked up from a slow start and Peter Pan Seafoods paid record prices to fishermen after the season’s second open period. (Photo/Emily Mesner/AnchorageALASKA JOURNAL
An Alaska Railroad passenger train passes a cruise ship docked in Whittier. While the Centers for Disease Control has signaled it may allow cruising to resume by mid-summer, but Alaska’s season will depend on solving the current ban on large shipsALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
Copper River forecast still off from historical returns. Copper River sockeye harvested during the first fishing period on May 16, 2019, are seen after delivery to 10th and M Seafoods in Anchorage. After a historically poor harvest of kings and sockeyes in 2020, state biologists are forecasting a slight rebound in 2021.ALASKA JOURNAL
The Alaska Oil and Gas Conservation Commission on Jan. 16 heard Malamute Energy Inc.’s appeal to updated bonding requirements for entities holding active or unplugged wells in the state. The hearing for Malamute Energy was the fourth of nine reconsideration requests the three-member commission is scheduled to hear through Feb. 18.ALASKA JOURNAL
Legal Notices. NOTICE OF SALE is given by THE SAYER LAW GROUP, P.C., as Trustee, that they will sell realty for cash to the highest bidder at Inside the Main Entrance of the Boney Courthouse at 303 K Street, Anch NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST Trustee's Sale No: 095728-AK This NOTICE OF DEFAULT AND ELECTION TOALASKA JOURNAL
Miller is the CEO of Renewable IPP, which officially opened Alaska’s largest solar farm Nov. 15. The now-1.2 megawatt facility installed last year by the Renewable IPP group on a 17-acre property along the Parks Highway near Willow has expanded from a 140-kilowatt pilotproject.
ALASKA JOURNAL
Alaska Journal of Commerce. Post date: Wed, 09/11/2019 - 9:01am. FedEx has applied for a lease at the Ted Stevens Anchorage International Airport to construct a 98,000-square foot, $57 million domestic operations center. It is one of several cargo operation projects on the table at the airport with a total construction value of nearly$600 million.
ALASKA JOURNAL
Alaskan interest in growing kelp continues to outpace that of shellfish, based on applications filed during the annual window that runs from January through April.ALASKA JOURNAL
The 400-feet deep mine for rare earth elements in Mountain Pass, Calif., is seen in thie file photo. A planned rare earths processing plant planned for Prince of Wales Island in Southeast Alaska could source minerals from Mountain Pass or elsewhere with revenue eventually used to fund the development of an underground mine at the Bokan Mountain rare earth prospect on the island.ALASKA JOURNAL
The Alaska Journal of Commerce and the Anchorage Daily News are pleased to once again recognize a group of outstanding young professionals in the 2021 Top Forty Under 40. This year we considered 114 nominees and 750 pages of supporting documentation, with members of the selection committee ranking each individual on a scale from 1 to 5 and the best 40 scores joining the 2021 class.ALASKA JOURNAL
Attorneys for the Houston-based major that has grown its presence on the Slope in recent years proposed to U.S. District Court of Alaska Judge Sharon Gleason that she rule by July 1 on the merits of the nearly identical lawsuits challenging the federal permits for its Willow oil project. A midsummer decision would hopefully allowConocoPhillips
ALASKA JOURNAL
Miller is the CEO of Renewable IPP, which officially opened Alaska’s largest solar farm Nov. 15. The now-1.2 megawatt facility installed last year by the Renewable IPP group on a 17-acre property along the Parks Highway near Willow has expanded from a 140-kilowatt pilotproject.
ALASKA JOURNAL
Post date: Wed, 08/05/2020 - 9:12am. The bankruptcy sale of Furie Operating Alaska has closed with new owner John Hendrix taking over. Hendrix, a former oil and gas executive and adviser to former Gov. Bill Walker, said the company will be focusing on its core gas business and abandoning its previous efforts to expand into oilproduction.
ALASKA JOURNAL
Attorneys for the Department of the Interior on March 3 filed their arguments in U.S. Alaska District Court in response to a motion for summary judgment sought by a consortium of conservation groups that sued the department last August to block a land exchange to facilitate construction of the road. Interior Secretary David Bernhardt signed aALASKA JOURNAL
The Alaska Journal of Commerce is dedicated to providing our readers with the most accurate, current and thorough business news throughout the state of Alaska.ALASKA JOURNAL
John Hendrix was poised to purchase Furie Operating Alaska LLC after winning a December bankruptcy auction for the Cook Inlet gas producer with a $15 million bid, but initial negotiations to close the sale appear to have hit roadblocks, leading the company and its lenders to work on other arrangements, according to court records.ALASKA JOURNAL
A drill rig is seen working at the Alkaid-1 well operated by London-based Pantheon. The company believes it can access the prospect directly from a turnout on the Dalton Highway and may even be able to eventually send oil directly into the Trans-Alaska Pipeline System from the location about 20 miles south of Pump Station 1. Skip to main contentGoogle Tag Manager
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Alaska Journal breaks the news that matters to business. Founded1976.
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LATEST NEWS
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Upside down: Alaska crude prices chart negative territory*
Hendrix bid to acquire Furie revived with AIDEA loan*
Bond sale paused for Interior Energy Project*
ConocoPhillips announces $200M more in Alaska cuts*
Princess and Holland America cancel 2020 Gulf of Alaska sailings*
Satellite broadband project scuttled by coronavirus*
Doyon wants agreement with AIDEA before Ambler road work continues*
ADFG: Safe conduct of salmon fisheries is possible*
Giessel, von Imhof ask Mnuchin about restrictions on CARES Actspending
*
Alaska’s charter fleet faces dry dock decision*
Upside down: Alaska crude prices chart negative territory Market forces that not long ago pushed refiners to pay a premium for Alaska oil have been turned upside down, further depressing an already collapsed oil market and deepening the financial pain of producers andthe state.
Read More
*
ADFG: Safe conduct of salmon fisheries is possible State fisheries managers insist it is too early to close commercial salmon fisheries to prevent the spread of COVID-19 despite growing concerns from many in small communities about the coming influx ofseasonal workers.
Read More
OIL & GAS
*
Upside
down: Alaska crude prices chart negative territory Market forces that not long ago pushed refiners to pay a premium for Alaska oil have been turned... Read More*
Hendrix bid
to acquire Furie revived with AIDEA loan An Alaskan bid for a struggling Cook Inlet gas producer appears to be back on following revisions... Read More*
Bond sale
paused for Interior Energy Project A long-awaited decision on how to increase the availability of natural gas for businesses and... Read More*
ConocoPhillips
announces $200M more in Alaska cuts ConocoPhillips will cut another $200 million from its Alaska work program this year, company... Read More*
ConocoPhillips
demobilizing North Slope drill rigs Alaska’s largest oil producer announced this week that it will demobilize its drilling rig fleet at... Read MoreFISHERIES
*
ADFG: Safe
conduct of salmon fisheries is possible State fisheries managers insist it is too early to close commercial salmon fisheries to prevent the... Read More*
Alaska’s
charter fleet faces dry dock decision Amidst stay at home orders and a 14-day mandatory quarantine for travelers coming to Alaska, Alaska... Read More*
FISH
FACTOR: Seafood industry gets $300M in relief under disaster bill The U.S. seafood industry received a $300 million assist from the $2 trillion COVID-19 relief... Read MoreMINING
*
Doyon
wants agreement with AIDEA before Ambler road work continues As leaders of the state development bank work to advance a controversial road to access remote... Read More*
Final
Ambler road review out; AIDEA adds $35M for project Bureau of Land Management officials maintained their support for the most direct proposed road... Read More*
NEPA
revisions continue with senators’ support They’re undeniably complex, dry, arcane and seemingly always published in painfully hard-to-read... Read MoreCONSTRUCTION
*
State
scraps revisions to workforce training regulations State Labor Department officials have for now scrapped a plan to overhaul training requirements for... Read More*
Quake-free
2019 means dip in construction spending in ‘20 The amount of money flowing into Alaska’s construction industry is expected to dip to roughly $6.7... Read MoreREAL ESTATE
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INSIDE
REAL ESTATE: Anchorage, Kodiak only areas to see vacancies up, rentsdown
Anchorage and Kodiak were the only two areas where vacancies rose in 2018 and rents dropped,... Read More*
INSIDE
REAL ESTATE: Time is now to build a rental portfolio Lack of new housing starts, particularly in duplex and multi-family, make it a good time for the... Read MoreSMALL BUSINESS
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How
COVID-19 is impacting Anchorage’s small business — and what youcan do
A few months ago, Jasmin Smith closed her longtime venture The Business Boutique to focus on Baby... Read More*
Small
Business Survey results show uncertainty amid recovery Economists generally agree that Alaska’s recession is over, but small businesses — often the first... Read More*
An
entrepreneur’s journey: Failure and resilience Editor’s note: The following includes excerpts from the University of Alaska Center for Economic... Read More*
Understanding
the military’s role in Alaska’s economy On May 13, 2005, Fairbanks residents awoke to a startling possibility: the loss of as much as a... Read MoreOPINION
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OPINION:
The decline is obvious. Anchorage is ready to open.Andrew Jensen
The peak of new coronavirus cases in Anchorage came on St. Patrick’s Day less than 12 hours after... Read More*
GUEST
COMMENTARY: UAA is here when you need usCathy Sandeen
Many of you have heard me describe University of Alaska Anchorage as Alaska’s modern, relevant,... Read More*
GUEST
COMMENTARY: Five reasons Dr. Zink is crushing it as a crisiscommunicator
Sarah Erkman Ward
I don’t know how Dr. Anne Zink, Alaska’s chief medical officer, ever goes back to a life of... Read More*
OPINION:
Misplaced priorities clarified amid coronavirusAndrew Jensen
From the endless memes to the Tiger King, dark humor will go down as one of the most effective... Read MoreTRANSPORTATION
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Princess
and Holland America cancel 2020 Gulf of Alaska sailings In another blow to Alaska’s struggling economy, Princess Cruises and Holland America Line are... Read More*
Doyon
wants agreement with AIDEA before Ambler road work continues As leaders of the state development bank work to advance a controversial road to access remote... Read More*
Railroad
netted $21M in ’19; uncertainty lies ahead in ‘20 The Alaska Railroad Corp. turned a solid profit of $21.6 million last year on improved freight... Read More*
A
bright spot in recession, tourism outlook dims with uncertainty For the past five years, tourism has been one of the bright spots in Alaska’s struggling economy.... Read MoreTECH & TELECOM
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Satellite
broadband project scuttled by coronavirusAn
international partnership aiming to boost Alaska’s broadband connectivity is over as a result of... Read More*
FCC
orders telecoms to inventory Chinese equipmentNearly a
year after the federal government labeled Chinese telecommunications companies Huawei and... Read More*
Microcom-OneWeb
partnership promises Alaska coverage by year-end Alaska telecommunications provider Microcom has teamed up with a global counterpart to bring high-... Read More*
Alaska’s
largest solar farm opens in Willow The sun is about to take its annual vacation from much of Alaska but Jenn Miller’s team will be... Read MorePOLITICS
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Giessel,
von Imhof ask Mnuchin about restrictions on CARES Act spending Two Alaska Senate Republican leaders have asked Treasury Secretary Steven Mnuchin what states can’t... Read More*
Oil
price collapse foreshadows huge deficits before PFD payments What little financial wiggle room Alaska had to start the year has been squeezed out of the state’s... Read More*
Dunleavy
pushes for PFD check, lays out $1B plan for virus response Gov. Mike Dunleavy pressed legislators in a Friday noontime address to quickly approve funding to... Read More*
Trump
wants quick checks sent to public in virus response WASHINGTON (AP) — President Donald Trump is asking Congress to unleash a torrent of emergency... Read MoreHEALTH
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Dunleavy
pushes for PFD check, lays out $1B plan for virus response Gov. Mike Dunleavy pressed legislators in a Friday noontime address to quickly approve funding to... Read More*
House
bill would establish health care payment database Amid the ongoing effort to control Alaska’s ballooning health care costs, the Legislature... Read More*
2016
Medicaid reform bill generates huge savings Gov. Mike Dunleavy’s administration has made cutting Medicaid spending one of its top priorities... Read More*
Premera
grants $5.7M over three years for rural care Programs financed by a grant from Alaska’s largest private individual health insurer are turning... Read MoreMONEY & FINANCE
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Financial
institutions aim to aid battered customers Alaska’s financial institutions are doing what they can to help businesses and individuals through... Read More*
Fed
launches second lending program to ease credit flows WASHINGTON (AP) — The Federal Reserve on March 17 announced its second emergency lending... Read More*
Tax traps that side
hustlers should avoid Millions of Americans earn extra money outside their regular jobs — as ride-hailing... Read More*
CEO:
Permanent Fund still source of stability for state Alaska Permanent Fund Corp. leaders stress that they are working to find investment... Read MoreCANNABIS
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Marijuana
board wrangles with unincorporated area licenses As more cannabis entrepreneurs seek to open businesses all over Alaska, the Marijuana... Read More*
House
passes landmark cannabis banking legislation A bill moving through Congress could open up a legal path for financial institutions to... Read MoreMOVERS & SHAKERS
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Movers and Shakers for April26
Credit Union 1 selected Evan Mulcahy as its new director of Innovation. Mulcahy will be... Read More*
Movers and Shakers for April19
Lily Stevens Becker has joined the McKinley Capital Management LLC board of directors.... Read More×
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