Arctic Slope Regional Corporation recently acquired K2 Industrial Services through its wholly-owned subsidiary ASRC Industrial Services. K2 is headquartered in Houston and is the parent company of KM Plant Services, KM Industrial Services, and Mansfield Industrial.
Oil Search is using the knowledge, skills and experience gained in Papua New Guinea to add value to its operations in Alaska.
Employees of Alaska Air Group companies Alaska Airlines and Horizon Air are receiving $120 million in incentive bonuses today. For most employees, this equates to more than 6.5 percent of their annual pay in 2018.
A study in 2012 found SHI’s biennial Celebration has a $2 million economic impact on the city each year it is held, but this is the first time research has quantified the institute’s total economic impact on Juneau and beyond.
Governor Mike Dunleavy delivered his first State of the State address since being sworn into office on January 22. In his half-hour speech, the governor reiterated several campaign promises including a reduction in crime, protecting the Permanent Fund Dividend (and providing PFD back-pay to state residents), and instituting a balanced budget.
This past year, WTCs Anchorage and Harbin have partnered in an MOU for Agriculture to build a robust framework for collaboration on agricultural trade issues. Spearheaded by WTC Harbin, this important agreement establishes deep ties to their local agriculture industries and the challenges they face.
ExxonMobil and Renewable Energy Group (REG) announced they have signed a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.
Unmanned aircraft will soon be deployed to test the feasibility of delivering emergency medical supplies across Alaska as a part of a national initiative from the US Department of Transportation (DOT) and the White House.
Elliott Bay Design Group (EBDG) has signed a licensing agreement with AMD Marine Consulting (AMD) of Sydney, Australia to be their exclusive North American vessel design representative. AMD specializes in high-speed, multi-hull vessel designs. The partnership brings together a wide-ranging collection of vessels and marine expertise.
December employment was down an estimated 0.3 percent, or 900 jobs, from December 2017. Retail, manufacturing and professional and business services each lost 400 jobs while information and financial activities each fell by 200.