oil

04-09-20 KUAC MIDDAY UPDATE

Apr 9, 2020

04-09-20 12:30 PM newscast


Legislation scheduled to be introduced tomorrow (Fri) in Juneau would provide a way for the state to pay off oil tax credits owed to some North Slope energy companies. State budget deficits have delayed payment of many of the cash credits, which were designed to spur new development. As KUAC’s Dan Bross reports, the pay back proposal comes as the credits are also eyed by Trans Alaska Pipeline owners to help cover a back tax settlement.


A new way to tell the story of climate change …


KUAC file photo

State officials have approved a plan proposed by Flint Hills Resources-Alaska to continue an ongoing cleanup of sulfolane and other contaminants that have leaked from its North Pole refinery since the 1970s.The agreement may help improve the chances of Flint Hills eventually selling the refinery, which it closed in May.


KUAC file photo

Officials with Flint Hills Resources-Alaska began shutting down the company’s North Pole refinery today. The closure of the facility that makes gasoline is the first step toward mothballing the whole facility – the largest crude-oil refinery in the state.


The state would continue to supply the Flint Hills North Pole Refinery with crude oil under a proposed new contract. The state of Alaska has sold royalty oil to Flint Hills for the last 3 decades, an arrangement state and company officials say is mutually beneficial.  KUAC’s Dan Bross reports. 

Doyon Announces $37 Million in New Projects

Aug 27, 2012

Fairbanks - Doyon, Limited announced plans Monday for $37 million dollars in new oil and gas exploration projects in the Nenana Basin and the Yukon Flats.  Doyon Limited’s board of directors sanctioned two drilling projects and a new round of seismic work.