Tim Bradner

  • Independent oil and gas explorer Buccaneer Energy says it would prefer a subsea production system for the development of Cosmopolitan, an oil and gas deposit the company is now testing in Cook Inlet. It would be the first subsea development in the inlet, where conventional platforms have operated si...

    Wed, 06/12/2013 - 10:29am
  • The state of Alaska could put up $50 million to share costs of seismic exploration and exploration planning for a new oil and gas resource assessment in the coastal plain of the Arctic National Wildlife Refuge, Gov Sean Parnell has proposed. “The Department of the Interior is now developing a long...

    Wed, 05/29/2013 - 12:50pm
  • 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 - 11:29am
  • 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 - 11:27am
  • 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 - 1:18pm
  • 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 - 10:15am
  • 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 - 11:27am
  • 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 - 9:22am
  • 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 - 9:21am
  • 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 - 10:15am

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