Sitnasuak announced its dividend last month: $6.20 a share for nearly 3,000 shareholders and an extra $500 for each elder with a stake in the business.
Nome’s Port Commission and City Council are focused on the future of the port, despite the state’s economic challenges.
Upon being sworn in as Nome’s new Mayor, Richard Beneville explained his priorities, which include port expansion and tourism.
A “disappointing” well in the company’s Burger J prospect in the Chukchi Sea has led the oil company to “cease further exploration activity in offshore Alaska.”
As President Barack Obama shifts his focus to western Alaska, Kotzebue residents discuss oil, erosion, and subsistence.
Nome’s ability to attract investors and secure its role in offshore Arctic activities continues to be the main focus of the city’s Port Commission.
Challenged in court since 2008, a new draft environmental assessment upholds the Chukchi leases and increases the estimate to more than four billion barrels of recoverable oil.
In Friday’s Newscast: Coast Guard investigation says equipment failure, human error, weather contributed to crewman’s death in December; Lawmakers gear up for vote on sprawling education…
In Wednesday’s news: Nome Common Council authorizes completion of schematic design for Richard Foster Building; Pilot escapes injury after helicopter crash at Pogo Mine; Federal judge…
In Thursday’s news: Ice jam causing river flooding in Galena is slowly breaking up; Department of Law reviewing previous cases of man accused of murdering elderly…