Thursday’s Friday Fact Check: Paskvan Peddles Petroleum Prevarications.

In News by wp_sysadmin

If Alaska were just like Texas… Prevarication:  when someone tells a lie, especially in a sneaky way. In what can only be described as an effort to mislead Alaskans, former Senator Joe Paskvan has penned yet another opinion piece about the upcoming oil tax initiative- with an interesting new twist – if only Alaska was like Texas. A few things … read more

Hilcorp assumes management of Prudhoe Bay; Conoco restoring production.

In News by wp_sysadmin

OIL Hilcorp takes over BP’s North Slope oil production as $5.6 billion deal advancesAlex DeMarban, Anchorage Daily News, July 1, 2020 Hilcorp Energy has assumed management of the Prudhoe Bay oil field, marking the end of an era for BP oil production in Alaska and vaulting the smaller company into a position as the state’s second-largest oil producer, the companies … read more

Can banks kill AK’s oil boom? Murkowski & Manchin: Never gonna give you up!

In News by wp_sysadmin

OIL Will New Funding Rules Kill Alaska’s Oil Boom?Nikos Tsafos, Center for Strategic & International Studies, June 29, 2020 In early 2020, several banks announced they would no longer directly finance projects in the Arctic, part of an effort to align their lending portfolios with new environmental and social priorities and risks. The announcements triggered diverse reactions: cheers from environmentalists, … read more