Business

  • HOUSTON  — The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 406, another all-time low amid depressed energy prices. A year ago, 888 rigs were active. Alaska’s rig count was unchanged this week, but rigs are down to five compared to 10 in the same...

    Thu, 05/19/2016 - 10:49am
  • The round tables were fringed with people chatting leisurely and exchanging bits of news, like they were on lunch break. A few feet away, two young men ignored the conversation and clicked away on desktop computers. Yet another group stood on the edges of the room, pacing and waiting, their heads sn...

    Thu, 05/19/2016 - 10:49am
  • JUNEAU — After a month of debate, the Alaska House of Representatives has approved legislation that cuts the annual state subsidy for the oil and gas industry. In a 25-12 vote, the House approved a modified version of House Bill 247, proposed by a pair of Republicans: Rep. Tammie Wilson, R-North P...

    Thu, 05/19/2016 - 10:44am
  • PALMER — The state is seeking out a new owner for the only federally approved slaughterhouse in southcentral Alaska, as funding for the facility could run out this year due to legislative budget cuts. The state Board of Agriculture and Conservation has issued a request for proposals to lease and o...

    Thu, 05/12/2016 - 10:57am
  • Governance at Soldotna’s Central Peninsula Hospital will go directly to the hospital’s operating board and the Kenai Peninsula Borough Assembly....

    Thu, 05/12/2016 - 10:54am
  • Facing decreased revenue from the state, the Kenai Peninsula Borough has proposed merging the Capital Projects Department with its Purchasing and Contracting Department. The Capital Projects Department handles capital improvement projects in the borough, such as roofing a school or repairing a water...

    Thu, 05/12/2016 - 10:52am
  • Don Stead will realize his dream of owning a brewery with his wife Sherry when Grace Ridge Brewing opens up for business for the first time this Friday. Local artist Jen Depesa’s artwork will be displayed in the brewery, with a second-Friday show on May 13 at 6 p.m. Over the Shorebird weekend — ...

    Thu, 05/12/2016 - 10:47am
  • Issues discussed in Homer Electric Association’s annual members meeting, held May 4 at Kenai Central High School, include what the electric cooperative is doing to reduce the electric bills of its members, a proposal to withdraw from regulation by the Regulatory Commission of Alaska — a state ut...

    Thu, 05/12/2016 - 10:40am
  • The only company to drill an exploratory oil well in Alaska’s Chukchi Sea following a 2008 federal lease sale confirmed May 10 it has relinquished nearly all of its leases. Royal Dutch Shell PLC formally relinquished all but one of its leases in the waters off Alaska’s northwest coast, spokesman...

    Thu, 05/12/2016 - 10:39am
  • No bids for Cook Inlet oil and gas leases No bids were opened for state oil and gas leases in Cook Inlet as previously scheduled Wednesday morning. On Tuesday, the state Department of Natural Resources announced it received no bids for any acreage and cited limited ...

    Thu, 05/05/2016 - 10:18am

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Lupin bloom at the head of the bay

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