Tim Bradner

  • Alaska Attorney General Craig Richards has rejected the proposed purchase by Harvest Alaska of a small liquefied natural gas plant at Port MacKenzie. In a July 7 letter to Harvest, a subsidiary of Hilcorp Energy, Richards proposed changes in the LNG sales contract reached in November 2014 with Fairb...

    Thu, 08/13/2015 - 10:23am
  • Shell is drilling in the Chukchi Sea. The semi-submersible Polar Pioneer “spudded” the Burger J well at 5 p.m. July 29, company spokeswoman Meg Baldino said. Meanwhile, an ice-management vessel sent to Oregon for repairs is now en route after police cleared protesters that were blocking the vess...

    Thu, 08/06/2015 - 9:24am
  • BP and ExxonMobil, two of the three major Prudhoe Bay field owners, have applied to the Alaska Oil and Gas Conservation Commission for an increase in the allowable volume of natural gas that can be produced and sold from the North Slope field. The AOGCC, a quasi-judicial state regulatory commission ...

    Thu, 08/06/2015 - 9:22am
  • ConocoPhillips is getting out of the natural gas production business in Cook Inlet. The company has put its inlet gas assets up for sale and plans to open a data room for prospective buyers. However, the company’s liquefied natural gas plant at Nikiski is not included in the assets for sale, compa...

    Thu, 07/30/2015 - 9:40am
  • Alaska’s oil and gas explorer and small producer tax credit program has been capped for this year but the program is still on the books and applications for credits are still being accepted, state Revenue Commissioner Randy Hoffbeck said. There is $500 million in the budget for the program and tha...

    Thu, 07/16/2015 - 10:08am
  • Gov. Bill Walker vetoed $200 million in funding for oil exploration and development tax credits in a budget action on June 30, in effect capping the program at $500 million for state fiscal year 2016 that began July 1. The program was previously budgeted at $700 million. “This has been a tough bud...

    Thu, 07/09/2015 - 10:09am
  • Hilcorp Alaska will purchase XTO Energy assets in the Middle Ground Shoal of Cook Inlet and is also studying a possible restart of a shut-in platform in the field. Two oil-producing platforms, tank facilities and an office and support facilities at Nikiski, near Kenai, are included in the purchase d...

    Thu, 07/09/2015 - 10:05am
  • The state-owned Alaska Gasline Development Corp. has developed preliminary designs for “offtake” facilities that would allow communities to take natural gas from a large-diameter gas pipeline, if one were built. The designs were presented to AGDC’s board of directors at its June 11 meeting....

    Thu, 06/18/2015 - 8:35am
  • Bidding was modest in the state’s annual Cook Inlet areawide lease sale held May 7, a symptom of low crude oil prices and a limited regional market for natural gas. The state Division of Oil and Gas auctioned seven oil and gas leases May 7 to three companies. Hilcorp Energy LLC and AIX Energy LLC,...

    Thu, 05/14/2015 - 10:30am
  • The Alaska Industrial Development and Export Authority has given approval for a $30-million financing package that will allow BlueCrest Energy to begin drilling and development at its Cosmopolitan offshore oil project in Cook Inlet. BlueCrest will have construction of onshore facilities under way in...

    Thu, 05/14/2015 - 10:28am

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Lupin bloom at the head of the bay

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