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Republican Rep. Don Young and Gov. Sean Parnell won in Alaska Tuesday, but the outcome of the U.S. Senate race remained in doubt, returns showed.
The U.S. Interior Department is illegally blocking oil-and-gas drilling in federal waters off Alaska's northern coast, a suit filed by the state alleges.
Sarah Palin's departure from Alaska's governor's mansion paved the way for Lt. Gov.-cum-Gov. Sean Parnell to be the odds-on favorite in Tuesday's Republican primary.
Decoupling oil and gas taxes would have a negative impact on natural gas projects planned for the state of Alaska, Gov. Sean Parnell announced.
Alaska Gov. Sean Parnell said he'd push to finance a new university science center in Fairbanks now rather than wait for a public vote on a bond measure.
China has a role to play in the Alaskan plans to develop its oil and natural gas ambitions, said Alaskan Lt. Gov. Craig Campbell.
The Point Thomson gas field in Alaska is a key supplier to a North American market expecting substantial increases in energy demand, Exxon Mobil officials said.
Alaska may expect as much as $5 billion from oil revenue per year during the next two years as market prices experience a steady rise, officials said.
Further exploration of Alaskan natural resources is required as oil fields are showing signs of decline, said Alaskan Gov. Sean Parnell.
Alaskan leaders say expanding the state oil and gas sector will bring recovery to a market hurt by falling energy prices amid a global economic recession.
