5-15-17 WORLD FISCAL SYSTEMS FOR OIL AND GAS

  FREE DOC: ENTIRELY NEW UPSTREAM FISCAL MODEL – FLEXIBLE GROSS SPLIT SHARING     London, July 3-6, 2017 - World Fiscal Systems For Oil & Gas                   Our friend, Pedro van Meurs writes today: Pedro van Meurs. Northern Gas Pipelines files by Dave Harbour Please find attached my report on an entirely new fiscal upstream model which is now being introduced and considered: Flexible Gross Split Sharing. Please click here for this free document.  This is one of [...]

5-2-17 Citizens React To Alaska Oil & Gas Tax & LNG Issues

Marleanna Hall, Executive Director, Resource Development Council for Alaska. Northern Gas Pipelines file photo by Dave Harbour Late yesterday we heard from two longtime readers.   Carl Portman sent us Marleanna Hall's testimony and his own, on pending oil tax legislation; and, former Attorney General John Havelock sent us a response to our Sunday commentary on government ownership of energy projects.   We respect and appreciate the critical thinking of our readers!   We appreciate our readers who send important industry data for us to safeguard in our [...]

5-1-17 May Day For Socialist Rallies – Our Most Important Monday Morning Energy Links!

AGDC shares new plans for LNG pipeline Representatives of the Alaska Gasline Development Corporation were in Nikiski on Wednesday evening to present a state-led pipeline mega-project… See our commentary yesterday, re: Alaska's Socialist LNG Project! Oil prices shrink budget gap, but lawmakers remain far apart The state’s budget problem is shrinking, but it may not be enough to resolve differences between the Senate and House. New projects could add 100K barrels by 2021, but some are questionable Large Alaska oil discoveries announced in the last two years are creating [...]

4-30-17 Alaska’s Government Owned LNG Scheme Determined To Begin Construction, Early 2019

Alaska LNG Project Update by Ben Boettger, Peninsula Clarion AGDC, a state-owned corporation, was a 25 percent partner in the previous plans to build an approximately 800-mile pipeline to move liquified natural gas (LNG) from the North Slope to an export terminal in Nikiski. After the project’s other partners — oil companies BP, Exxon Mobile, and ConnocoPhillips — decided not to invest in it after an unfavorable economic analysis in September 2016, the state became the sole participant in Dec. 2016. On April 17, AGDC filed an application for the [...]

4-29-17 Support A Competitive Investment Climate: Create Reasonable Tax Policies!

Tax hearing today:  We appreciate this alert from Carl Portman and our other friends at the Resource Development Council for Alaska! Carl Portman, Resource Development Council for Alaska. Northern Gas Pipelines file photo by Dave Harbour A new committee substitute for HB 111, the oil and gas tax bill, has advanced to the Senate Finance Committee, which will hold a public hearing on the oil tax legislation this Saturday, April 29 from 9:00-11:00 a.m. at your local Legislative Information Office. Even though you may have testified previously [...]

By | 2017-05-01T08:46:56+00:00 April 29th, 2017|Alaska Taxes, Alaska's Fiscal Crisis|0 Comments

4-28-17 Alaska Governor Justifies ‘Broad Based Tax’

U.S. Senator Lisa Murkowski with President Trump. 4-28-17. Congressman Don Young with President Trump, 4-28-17 Washington Examiner (4/27/17) reports: “President Trump on Friday "will sign" an executive order on opening up the U.S. coasts to more offshore drilling while reviewing a number of former President Barack Obama's marine monument and sanctuary approvals seen as barriers to offshore energy development.  (Note: this morning the President did sign the E.O. with Alaska Senator Lisa Murkowski and Congressman Don Young present at the White House.  We are delighted that the [...]

4-25-17 Oil Taxes Top Alaska Legislative Agenda

Alaska Senate advances oil tax bill, but leaves out some of the pieces proposed by the House  This week in Juneau: Slow going as Alaska lawmakers enter second week of overtime  Budget idiocy To the editor: The oil and gas industries have built Alaska as we know it today. Alaskans might need passport for flights, military base access   AFFORDABLE HOUSING FINANCE People on the Move 4.24.17 By Donna Kimura In Memoriam: Dan Fauske  (See our original report here.   -dh) Dan Fauske. Northern Gas Pipelines file photo [...]

4-21-17 Arctic (And Other Energy) Conferences!

Yesterday, we advised readers about two upcoming conferences, one in Inuvik, NWT and one in Anchorage.  Below, we alert readers to consider several more!  -dh Enjoy The Kentucky Derby Spirit With An Alaska Railroad Twist! Alaska's Energy and Minerals Sector Could Interface With Other Constituent Businesses In A Great Atmosphere.  Join Us Next Week!  -dh On Friday, April 28, 2017, the Anchorage Chamber of Commerce invites our readers to come aboard the Annual Anchorage Chamber Train Ride, held from noon to 4:30 p.m., on the Alaska Railroad passenger train. This [...]

4-17-17 Alaska’s Leaders Bring State To Edge of Fiscal Crisis Cliff — TAX HEARING TONIGHT!

Comment:  In addition to increasing oil taxes in a low oil price era, the Alaska State House of Representatives is advocating recreating an Alaska income tax in an effort to maintain its outrageous, deficit spending on public employees and entitlement programs.  We heartily endorse the comments of the State Senate President, below.    PLEASE SEE THE MESSAGE BELOW FROM CARL PORTMAN (i.e. NGP Photo), RESOURCE DEVELOPMENT COUNCIL FOR ALASKA RE: TODAY'S TAX HEARING!  -dh News from the Alaska State Legislature, the Office of Senate President Pete Kelly JUNEAU – [...]

By | 2017-04-17T15:31:52+00:00 April 17th, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Commentary|2 Comments

4-14-17 Northrim Bank Economic Forum Today

State gas line agency applies for permission to build Alaska LNG project.  In what the Alaska gas line agency is calling a major achievement, officials on Thursday formally launched its application for federal permission to build a pipeline Alaska Senate, House at odds with session poised to run long.  Leaders of the Republican-led Alaska Senate said Thursday they aren't interested in instituting an income tax or raising oil industry taxes…  Alaska House OKs PFD fund bill with conditions The Alaska House has passed legislation calling for structured draws from [...]

4-13-17 BP Alaska Exploration President Outlines Company’s Alaska Investments In Spite of Low Oil Price Environment

Announcement from Janet L Weiss, President, BP Alaska Exploration, Inc.   Janet L. Weiss. Northern Gas Pipelines file photo by Dave Harbour. Last week, BP issued its 2016 Annual Report and the required 20-F form submitted to the US Securities and Exchange Commission. Unfortunately, the 20-F form only tells part of our BP Alaska business story which has caused some confusion and a number of questions that I want to help address.   Let me be very clear, the BP Alaska Region did lose money (negative cash flow) [...]

4-7-17 CELEBRATE PRUDHOE BAY’S 4 DECADES OF PRODUCTIVITY!

Nominate an exceptional Alaska oil and gas project, contractor, or individual today! Marilyn Crockett, former President, AOGA. Northern Gas Pipelines file photo by Dave Harbour AOGA President, Kara Moriarty. Northern Gas Pipelines file photo by Dave Harbour AOGA's annual Industry Awards recognize outstanding contributions to the Alaska oil and gas industry in four categories: Contractor of the Year for Safety Performance Award, sponsored by the Alaska Support Industry Alliance Project of the Year Award for Environmental Stewardship and Innovation, sponsored by Stoel Rives Rising Star [...]

4-6-17 Irresponsible Government Budgets Cry Out For Spending Limit

See our related spending limit commentary, 1-30-17 First warning to lawmakers December 30, 1980 was,"Control spending while you can; it is the CHALLENGE OF PLENTY!" Kudos to the "in the trenches" work of Jeremy Price, Commentary below GUEST COMMENTARY: Budget crisis highlights need for spending cap  By:  Jeremy Price Guest commentary Alaska Journal of Commerce, 04/05/2017 Irresponsible spending by state lawmakers has left us with a multibillion-dollar budget deficit. This latest crisis underscores the need to tighten the state’s “spending cap” on annual expenditures, and a bill recently passed in the [...]

3-31-17 Shale is competitive but how about high cost, Alaska Prudhoe Bay and Alberta Oil Sands?

When we read Frost's, The Road Not Taken, neither he nor we know if the path he took was best.   Courtesy: Pinterest Heaven knows we've opined enough on the effect of hostile government policies on the ability of producers in high cost environments to continue producing taxes and royalties for their governments and profits for their shareholders.  We've encouraged northern Alaska state and Canadian provincial governments to spend more time looking outward -- to better understand global competition.  Instead, politicians on both sides of their national boundaries are [...]