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The international oil market featured more bad news for Alaska on Wednesday as prices fell to near $60 per barrel, while the state released its major annual report on revenue expectations showing a one-year decline in oil revenue of more than $2.7 billion.Dermot Cole
An advisory committee to the North Pacific Fisheries Management Council also recommended an annual cap of five halibut for sport charter anglers. Together with anglers on private boats, such anglers account for 17.5 percent of the halibut catch.  Commercial fishermen get the rest.  Craig Medred
The national average gasoline price has dropped to $2.66 per gallon for regular, and gas prices are dropping in Alaska as well, though not as quickly. One station in Chugiak, though, reported a price below $3 per gallon.Dermot Cole
NANA Oilfield Services has agreed to pay a fine after violating rules designed to prevent a spill at a fuel storage facility in Deadhorse on Alaska's North Slope.Alex DeMarban
The trans-Alaska pipeline owners want to cut the roofs off four massive, empty oil storage tanks in Valdez -- in part to eliminate the need to shovel snow from the tank tops. Dermot Cole
The company that operated both of the drill rigs used in Shell’s ill-fated 2012 Arctic offshore season has agreed to pay $12.2 million in fines and community service payments stemming from environmental and safety violations aboard its vessels, the U.S. Department of Justice said Monday.Yereth Rosen
A proposal to lower royalty rates for the Nuna project on Alaska's North Slope is the seventh request over the past 18 years; it would be only the third approval.Eric Lidji | Petroleum News
BP had petitioned the court to rule on a broad interpretation of who should be compensated in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico.Warren Richey
Multilevel or pyramid marketing programs frequently run afoul of state and federal criminal laws as unlawful Ponzi schemes. As a result, employers need to realize “it may be a spectacularly bad idea to terminate or pressure an employee for refusing to participate in one.” Lynne Curry
An increase in halibut numbers would turn the tide of a decades-long decline that has caused halibut catches to be slashed by more than 70 percent in Alaska, Washington, Oregon and British Columbia.Laine Welch