By Yereth Rosen ANCHORAGE, Alaska, July 11 (Reuters) - Alaska officials on Wednesday said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Slope to markets, despite growing U.S.-China trade tensions. China is expected to buy about 75 percent of the liquefied natural gas … [Read more...]
Arctic Refuge Just the Start as Trump Moves to Unlock Alaska Oil
By Alex Nussbaum (Bloomberg) -- Drilling for crude in the Arctic National Wildlife Refuge may be just the start as President Donald Trump seeks to revive Alaska’s beleaguered oil industry. Republicans in Congress handed the industry a long-sought victory on Tuesday, approving exploration in the vast Arctic preserve as part of their tax overhaul. The legislation, which Trump … [Read more...]
How an Alaskan Fisherman Turned $80 Into $1.1 Billion by Popularizing Trash Fish
By Alex Sazonov (Bloomberg) -- Chuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961. He hasn’t stopped fishing since. And today, Bundrant, the founder and majority owner of Trident Seafoods, is worth at least $1.1 billion, according to the Bloomberg Billionaires … [Read more...]
U.S. to Offer Over 1 Million Acres Offshore Alaska in Upcoming Oil and Gas Lease Sale
The U.S. Bureau of Ocean Energy Management (BOEM) on Friday announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast for oil and gas development in a lease sale scheduled for June. Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing. The blocks stretch … [Read more...]
Five Rescued from Grounded Tug in Southeast Alaska
A U.S. Coast Guard aircrew from Sitka, Alaska rescued five crew members from a tugboat Thursday after running aground in the Sumner Strait in southeast Alaska. The aircrew hoisted the five people from a barge attached to the 102-foot tug Ocean Eagle and transported them to Sitka after the tug began taking on water Wednesday night. The Coast Guard says it received a … [Read more...]