Energy

Three Alaska organizations are working together to distribute equipment that Shell was using for its drilling explorations in the Arctic to hubs around the state for oil spill response.

Annie Zak
Alaska LNG has purchased close to 600 acres at a site in Nikiski that could one day house the project's gas liquefaction plant. The 151 tracts of land have a taxable value of $30 million.  Alex DeMarban
Miller Energy Resources has agreed to pay $5 million to settle allegations that it inflated the value of its Alaska oil and gas properties by more than $400 million.Associated Press
After Shell's request to extend its offshore Arctic Ocean leases was denied by Interior Department regulators, the company appealed the decision. Now, several environmental groups are asking to be allowed to participate in that appeals process in support of the original Interior decision.Yereth Rosen
The British oil giant BP said Tuesday it would eliminate 4,000 of the approximately 24,000 positions in its exploration and production units this year, with about 13 percent of the Alaska workforce expected to be cut.Alex DeMarban
Here are some of the stories from around the Arctic that we've been following this weekAlaska Dispatch News
Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices, and ConocoPhillips became the largest U.S. oil company so far to cut its dividend.Stanley Reed | The New York Times
The turbulence in China's economy has not only been felt on Wall Street, but in America's Iron Range as well. Ylan Q. Mui
Gov. Bill Walker’s bill to reduce tax credits to the oil and gas industry, worth $500 million to the state primarily through reduced spending, underwent tough questioning during its first hearing in the House on Wednesday.Alex DeMarban
Oil companies are slashing jobs and delaying investments as crude prices plummet. Brent crude, an oil pricing benchmark, hit a 12-year low of $27.10 a barrel in January and traded at $34.13 on Monday.Danica Kirka | Associated Press