Petroleum News

The AEA is in the early phases of examining if liquefied natural gas might be a long-term solution for Alaska communities that won't have direct access to a proposed natural gas pipeline.

The Alaska Energy Authority has a request for proposals out for a $50,000-$100,000 study to assist the agency in determining if liquefied natural gas is a viable long-term solution for affordable energy in Alaska communities that will not have direct access to the proposed North Slope natural gas pipeline.

A federal bankruptcy court has approved a reorganization plan for Buccaneer Energy Ltd., which allows the bankrupt company to move toward a vote in December.

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.