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Economy

Refiners Tesoro and Petro Star find themselves disagreeing about how the "Quality Bank" formula -- in which refineries pay a penalty for taking out the high-value portions of oil from TAPS -- affects their economic fortunes in Alaska.

 

Dermot Cole
As Alaska tops a national list of the states with the most volatile revenues, some legislators reintroduce the oft-discussed but never executed idea of a long-range fiscal plan for the state.Pat Forgey
Cook Inlet Region Inc., the regional Alaska Native corporation, asked a Texas bankruptcy court judge to let two cases -- one over a lease sale, the other involving allegations of illegal draining -- be resolved before Buccaneer Energy Ltd. completes bankruptcy proceedings begun earlier this year.Eric Lidji,Petroleum News
The state board charged with regulating the alcohol business in Alaska doesn’t belong under a state agency that promotes business, the head of the Alaska Mental Health Trust Authority told the Alcoholic Beverage Control Board on Tuesday.Dermot Cole
Under pressure from recreational fishing groups, the National Marine Fisheries Service has admitted that what it painted as a domestic picture of commercial fisheries was in fact a global one. The agency refused to release a new report but has altered its online report to make it possible to calculate the value for all the seafood sold commercially in this country.Craig Medred
Under the terms of a broad legislative grant of secrecy governing gas pipeline work, a new joint venture agreement between the state and the oil companies including a state commitment of up to $125 million will remain confidential to the public and to legislators.Dermot Cole
In meeting that stretched four and a half hours Wednesday, a Kuskokwim River salmon advisory group agreed to set aside proposals to declare “no confidence” in Alaska's subsistence and commercial fishing managers and instead work within the system.Lisa Demer
Russia's Rosneft oil company, facing U.S. sanctions following Russia's seizure of part of neighboring Ukraine, won't be buying part of the huge Point Thomson natural gas field on Alaska's North Slope, Exxon Mobil said Wednesday.Pat Forgey
A Superior Court judge ruled in favor of a group looking to ban commercial setnet fishing in Alaska's urban areas, saying the measure can go before voters.Suzanna Caldwell
The Mat-Su Borough has denied a permit necessary for a Meadow Lakes company that operated for years without permits to continue supplying gravel to a big Parks Highway project.Zaz Hollander

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