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Long-time oil and gas industry observer Larry Persily gave the lecture to a packed room Thursday night at Kenai Peninsula College.
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Homer Electric General Manager Brad Janorschke said in a presentation this week that the utility is working on a variety of renewable energy efforts, including wind, solar, geothermal and a project to use methane from the Soldotna Landfill.
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At a press conference Thursday, Gov. Mike Dunleavy said he plans to introduce legislation that will reduce the royalty rate for gas producers in the inlet, to incentivize new production as the state faces looming gas shortages.
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The state lease sale this winter will offer net profit share options, rather than royalties, to encourage development of Cook Inlet natural gas.
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More than a year after Cook Inlet’s largest oil and gas producer warned of a looming natural gas shortfall, consultants released a report this week detailing possible ways to meet demand, including imported LNG.
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Senate Bill 114 would extend income taxes to companies that are not publicly traded — like oil and gas company Hilcorp, which is Cook Inlet’s dominant oil and gas producer.
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The old ZipMart convenience store in Sterling partially collapsed last week. The building, which sits on a fuel contamination site, is owned by a company that has failed to pay property taxes for decades. Now, the borough is stepping in.
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The unit the line is attached to hasn’t been producing oil since 2021. Hilcorp, meanwhile, is looking at turning some nearby platforms into renewable energy research sites.
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A new forecast from the state paints a picture of a basin in decline, while utilities along the Railbelt continue to depend on the natural gas produced there.
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The oil and gas company announced last spring it might not be able to meet utilities' natural gas needs beyond the next contract cycle. Now, it's testing tidal technology from its old oil and gas platforms.