Tim Bradner

  • Resources Energy Inc., the Japanese company interested in developing a large liquefied natural gas project, has signed several agreements to explore business relationships in Alaska. The agreements are all nonbinding so far except for confidentiality provisions. They include two Alaska Native region...

    Wed, 05/29/2013 - 12:29pm
  • Two closely watched Cook Inlet exploration wells being drilled with jack-up rigs are reported to have reached or are approaching their target depths. Furie Operating Alaska Inc., drilling the Kitchen Lights Unit No. 3 well in North Cook Inlet, has reached its planned depth of 10,400 feet and is maki...

    Wed, 05/29/2013 - 12:27pm
  • A Japanese consortium working on an independent Alaska liquefied natural gas project has completed a feasibility study and given it to state officials. North Slope producers and TransCanada, who are pursuing their own LNG plant, also have been briefed on the proposal by officials with Japanese-owned...

    Wed, 05/22/2013 - 2:18pm
  • Bidding was modest in the state’s May 8 Cook Inlet areawide lease sale, held every spring. Twenty-eight lease tracts were sold with high bids of $419,840 offered by six bidder groups, state Oil and Gas Division Director Bill Barron said. Hilcorp Energy dominated the bidding, mostly for onshore tra...

    Wed, 05/15/2013 - 11:15am
  • JUNEAU — The state Department of Revenue issued its spring oil revenue and production forecast Friday and is projecting lower North Slope oil petroleum revenues and production than were estimated in the fall forecast issued last December. A decline of almost $300 million in revenues is now project...

    Wed, 04/10/2013 - 12:27pm
  • JUNEAU — With the first session of the 28th Alaska Legislature scheduled to wrap up its business April 14, some big issues remain on the table. Still to be decided are oil taxes and two big energy projects — a plan for the state to finance trucking of liquefied natural gas from the North Slope a...

    Wed, 04/03/2013 - 10:22am
  • JUNEAU — Major North Slope producers say legislators are making big strides so far in making Alaska more competitive for new oil investment, but Senate Bill 21, which passed the Senate narrowly March 20, still needs some changes to make the state really attractive. The tax rate is too high, at 35 ...

    Wed, 04/03/2013 - 10:21am
  • By TIM BRADNER Morris News Service - Alaska The oil tax bill now moving in the Legislature puts Alaska in the middle of the pack of oil producing regions in terms of “government take” of net profits and should bring new industry investment quickly, consultants to the Le...

    Wed, 03/27/2013 - 11:15am
  • Buccaneer Energy says it expects to produce 9 to 10 million cubic feet of natural gas daily from two wells at its small Kenai Loop gas field and that permanent production facilities have now been completed. While that’s not a huge amount of production, it is a welcome addition to tight natural gas...

    Wed, 03/20/2013 - 9:11am
  • The state-owned Alaska Gasline Development Corp. has signed a $6.7 million contract with a Fluor/WorleyParsons joint venture to do preliminary engineering on a $1.7 billion gas conditioning plant at Prudhoe Bay. AGDC is an independent state corporation working on a 36-inch, in-state natural gas pipe...

    Mon, 03/18/2013 - 3:41pm

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