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...has said, and a reduction of the tax is needed to spur new industry investment.Production has been declining on the North Slope by about 6 percent a year mainly due to flat to declining investment in new oil projects, Parnell has said.
...tax credit in the current law will be important in helping Pioneer overcome the high capital cost of its planned Nuna oil project now being evaluated. Nuna is a separate oil deposit near the Oooguruk field that Pioneer hopes to develop, and is...
...happen, Armfield believes it is possible for exploration companies like Brooks Range to discover and develop 10 new oil projects, each producing 12,000 barrels per day over the next 10 years. It's enough to make a serious dent in the decline...
...ruler and been pretty close.'' This year and last saw higher growth than in 1999, in part because of a couple of big oil projects, like BP's Northstar development, which created about 400 to 500 construction jobs. Also, a steady upward trend...
...reduced drilling and other oil field development work. The oil producers say the state's high marginal tax rate on new oil projects acts as a disincentive for them. However, three ongoing projects, development of the small offshore Nikaitchuq field...
...lines face air pollution fines Fairbanks AIDS group wants to open methadone clinic Russia to push forward with oil projects in Russian Far East Coast Guard detains Latvian freighter Kake scrambles for water after dam breaks Area youths...
...best port expansion proposal Juneau halfway house inmate arrested in attempted assault Kenai officials say remote oil project could benefit city Troopers say Nenana men not missing Supreme Court hears challenge to Alaska sex offender law...