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Tag: alaska

News Oil 

New Trump administration plan could boost oil drilling on remote Alaska reserve

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“The Obama administration developed a master plan for the reserve that allowed leasing in half the reserve, and put the other half off limits” writes Juliet Eilperin for washingtonpost.com. But the other two plans would expand energy development significantly, to either 17.1 million acres or 18.3 million acres, which amounts to 80 percent of the reserve.Two years later, the third-biggest U.S. oil company ConocoPhillips tapped Willow, an oil reservoir on federal land that could hold more than 300 million barrels.After 150 exploration wells produced only modest finds, Armstrong Oil and…

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News Oil 

Exclusive: Trump administration to miss 2019 target for Alaska refuge oil lease sale – official

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“In 2018, federal oil and gas lease sales generated a record $1.1 billion, triple its previous record, according to Interior https://www.doi.gov/news/energy-revolution-unleashed-interior-shatters-previous-records-11-billion-2018-oil-and-gas” writes Midwest Communications Inc for 95kqds.com. The Interior Department has previously said https://www.reuters.com/article/us-alaska-oil-refuge/u-s-vows-first-oil-lease-sale-in-alaska-arctic-refuge-this-year-idUSKCN1T1011 it was determined that a sale would happen in 2019.WASHINGTON (Reuters) – The Trump administration will miss its target of holding the first-ever oil drilling lease sale in Alaska’s Arctic National Wildlife Refuge this year due to delays in the environmental review process, Interior Secretary David Bernhardt told Reuters. Source: 95kqds.com

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News Stocks 

JetBlue’s stock rallies after J.P. Morgan upgrades, lifts price target

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“Baker raised his rating to overweight from neutral, and lifted his stock price target to $24 from $23” writes Reporter Editor for marketwatch.com. Alaska Air’s stock slumped 2.5% ahead of the open. JetBlue shares have rallied 16.8% year to date through Friday and Alaska Air’s stock has climbed 17.6%, while the NYSE Arca Airline Index XAL, +1.63% has hiked up 18.0% and the S&P 500 SPX, +0.41% has gained 20.6%. Source: marketwatch.com

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‘Looking For Alaska’ Review: The Throwback Teen Drama that the Genre Needs

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“The adaptation of John Green’s book fits teen drama auteurs Josh Schwartz and Stephanie Savage like a glove” writes Latoya Ferguson for indiewire.com. It seems that nearly every teen drama now has to have a larger-than-life twist, whether it’s murder mysteries, supernatural abilities, a Lynchian nightmare, or in “Riverdale’s” case, all of the above. Source: indiewire.com

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Trump moves to allow logging in massive Alaska rainforest

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“The Trump administration is moving to allow logging on more than half of a huge 16.7 million-acre rainforest in Alaska” reports washingtonexaminer.com. Alaska’s Republican-controlled government had petitioned the Trump administration to allow logging — or tree-cutting — in the Tongass National Forest to boost the local economy. “This is important for a wide array of local stakeholders as we seek to create sustainable economies in Southeast Alaska,” said Sen.The Interior Department’s National Forest Service issued a proposed rule Tuesday that would exempt the Tongass National Forest from the 2001 Roadless…

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Researchers use machine learning to predict large wildfires

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“A multidisciplinary group of researchers from the University of California, Irvine created a machine learning model to predict the potential of large wildfires from the time of ignition” writes Khari Johnson for venturebeat.com. The simpler approach achieved more accurate results than four other more complex machine learning classifiers in the scikit-learn package like multi-layer perceptron and gradient boosting. Source: venturebeat.com

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Decision to disqualify Alaska swimmer over bathing suit is overturned

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“The decision to disqualify a winning high school swimmer because the Alaska athlete’s swimsuit showed too much of her backside has been reversed” writes Phil Helsel Is for nbcnews.com. The state’s governing body for high school sports on Tuesday overturned the ruling about Dimond High School swimmer Breckynn Willis, 17, who was disqualified after a win Friday during a dual meet against Chugiak High School, according to NBC affiliate KTUU of Anchorage.The disqualification was made in error and is being overturned, it said, and “all team and individual points shall…

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News Oil 

Oil Search woes in Papua New Guinea throw spotlight on Alaska

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“In Alaska, Oil Search has spent $850 million buying a 51% stake in the Pikka prospect on the assumption it holds 500 million barrels of recoverable oil” writes Midwest Communications Inc for 95kqds.com. Still, the breakeven costs on the project were competitive with other big oil projects, given it is onshore and close to existing infrastructure.The confusion has opened a window for Oil Search to push ahead with a promising field in Alaska’s North Slope oil region that it bought into in 2018 and where it is the project operator.MELBOURNE…

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Alaska’s Republican governor wants to give every resident more than $4,000 for the next 3 years, but not everyone is happy

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“Alaska’s $65 billion permanent fund and its annual universal cash program paid out to most citizens are the legacy of late Alaskan Gov” writes Richard Feloni for businessinsider.com. Bill Walker’s decision to lessen the state’s dividend payout from 2016-2018, in an attempt to alleviate the state’s recession, proved so unpopular it was one of several reasons he decided to not run for re-election.In January, Dunleavy proposed a dividend exceeding $4,000 per person for the next three years.Read more: Nearly everyone living in Alaska gets about $2,000 a year from the…

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