Recent News Stories

Buccaneer Energy now has more financial resources to conduct its oil and gas operations in Alaska. In a news release, the company announced new agreements with Chicago-based Victory Park Capital for $100 million in new capital funding.

Voters have approved funds for new roofs for a handful of schools in the Kenai Peninsula Borough School District and a new turf field for Homer High School. Roughly 57 percent of voters said yes to a proposition on Tuesday’s ballot.

The Alaska State Senate passed its version of the 2014 capital budget Saturday, marking a total of just under $1.9 billion dollars for transportation, energy and public works projects around the state. The budget contains funding for many projects on the Kenai Peninsula.

Governor Sean Parnell visited Kenai Tuesday to meet with local officials, mingle with residents and make a $30 million announcement.  That’s the amount the governor is proposing to spend on a five-year "Chinook Salmon Research Initiative."

A decision on whether heli-skiing should be allowed in Kachemak Bay State Park and Kachemak Bay State Wilderness Park has been postponed until the park's management plan can be updated.

Buccaneer Energy is having a busy summer. The company’s jack-up rig Endeavor is finishing a drilling project at the Cosmopolitan Unit in southern Cook Inlet while plans are being made to drill onshore near Homer.

Homer’s deepwater dock will be undergoing a few improvements starting at the end of this month. The city is waiting on a delivery of materials and for Buccaneer Energy’s Endeavor jack-up rig to move out of the Homer Harbor before work can commence.

High prices for pink salmon have spurred interest in hatchery operations in Kachemak Bay. Kenai-based Cook Inlet Aquaculture Association has applied with the State of Alaska to reopen a hatchery in Port Graham that closed six years ago.

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