2-15-17 Should The Attorney General Be Authorized To Support Any Project It Wishes Before The Federal Energy Regulatory Commission?

Below We Have Today's Anticipated Response To The Breaking News We Provided In Our Sunday Column: "Sunday Night: The Quiet Before The Storm" (See the right-hand column for our remedy to the news of the "new" competition)  Supporters push for more consideration of Valdez LNG site Larry Persily. Northern Gas Pipelines file photo by Dave Harbour By Larry Persily lpersily@kpb.us Feb. 15, 2017   (This update, provided by the Kenai Peninsula Borough mayor’s office, is part of an ongoing effort to help keep the public informed about [...]

2-14-17 Happy Valentine’s Day!

More Gas Pipe/LNG Entrigue We noted that YESTERDAY the Alaska governor sought to increase the statutory reach of the Department of Law's Attorney General, so that he (i.e. and various attorney friends of the Administration as well, we presume), could participate in tribunals presided over by the Federal Energy Regulatory Commission (FERC). Here is the bill he submitted to the Legislature. Please review our Sunday night observation and consider that in testimony today before the Senate Finance Committee the President of the Alaska Gasline Development Corporation (AGDC) said that he was aware [...]

2-3-17 Overtaxing Is As Bad As Overfishing – Also Alaska/Alberta Fiscal Crises

Overtaxing Is As Bad As Overfishing Alaska Journal of Commerce by Andrew Jensen Dating back to before statehood, Alaskans know that overfishing is a bad thing. Stopping overfishing of salmon and regaining control of the resource was in fact one of the driving forces in the effort to become a state. What we know about sustainability of our vast fisheries resources is worth applying to yet another debate over another immense asset — our oil — and the means by which that resource is taxed. Get ready for more [...]

ConocoPhillips this morning announced a new Alaska North Slope discovery! … With Massive Subsidy The Fairbanks, Alaska LNG/Gas Distribution Project Struggles On

ConocoPhillips Alaska Inc. today announced a new oil discovery in the Greater Mooses Tooth (GMT) Unit located in the northeast portion of the National Petroleum Reserve – Alaska (NPRA). Here’s a link to the full release Quick reference from the release:  The Willow discovery wells, Tiŋmiaq 2 and 6, were drilled in early 2016 and encountered 72 feet and 42 feet of net pay, respectively, in the Brookian Nanushuk formation. ConocoPhillips has a 78 percent working interest in the discovery and Anadarko Petroleum Corporation holds a 22 percent interest.  [...]

1-11-17

From Ak-Headlamp. At a Greater Fairbanks Chamber of Commerce luncheon in the Carlson Center, senior vice president of Caelus Energy's Alaska operations Pat Foley, nudged Chamber members to contact their legislators and ask for a consistent oil-tax-credit program that encourages investment in the North Slope. "It's a dour time, but I'm optimistic," Foley told Chamber members, "and I think in the next five years, we're going to see that pipeline-training facility full." Foley said the North Slope must remain a vibrant business environment for Caelus to be successful, and legislators should work toward "a tax policy that is [...]

1-9-17 Honest Energy Folks Should Beware of Socialists

Dear Friends: Our long term readers know that this webpage was born over 15 years ago, when certain special interests sought to demonize some Alaskan and some Canadian energy interests.  One of our secondary goals has been to facilitate greater diplomacy and understanding among citizens of both countries -- in support of both separate and joint energy projects.  Hopefully, the sort of blog entry we have today will lead us ever closer to greater understanding among citizens of the two countries.  -dh   "...because that's where the [...]

1-6-17 Gas Pipeline Logic

Today's Headline From Argus: "State Agency Takes Over Troubled Alaska LNG Project". Today's Logic: if some of the largest energy investors in the world (i.e. BP, ConocoPhillips, ExxonMobil) believe now is not the time for an Alaska North Slope gas export project, why would a state bureaucracy (i.e. Governor) enmeshed in fiscal crisis hang on for dear life to an economically infeasible, multi-hundred million dollar, risky, volatile, commodity-based, private-sector energy project -- when consumer-friendly, low LNG/gas prices and over supply continue to dominate gas markets?  "Hope" is often the [...]

By | January 6th, 2017|Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments

12-24-16 Early Christmas Eve Post

Dear readers: Most importantly, Merry Christmas, and may we all take time to remember the reason for the season.  After all, where would we be without the founders of our nation and the framers of our Constitution who attributed creation of the United States of America to the Creator of mankind? And why would we be gathering tonight for dinner, presents and celebration without primarily celebrating the birth of God's Son who became the Savior of the world, if only we would accept Him?    *     * [...]

By | December 23rd, 2016|Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas|0 Comments

12-12-16

Fred Carmichael, Inuvik, Northern Gas Pipelines Photo by Dave Harbour Arrested Development: For the town of Inuvik, the Mackenzie Valley pipeline was the lifeline that never came Resistance to infrastructure projects – whether they be pipelines, hydro dams, mines or wind turbines – has become commonplace in Canada. But it’s costing us. As part of a four-month investigation, the Financial Post identified as many as 35 projects, worth $129 billion, that have been stalled or cancelled due to opposition from environmental, [...]

By | December 12th, 2016|Arctic Policy, Canadian Energy Policy, Intrastate Gas|0 Comments

12-7-16 Alaska/Alberta Investment Climates Face Similar Challenges

Alaska and her Canadian provincial sister, Alberta... ... both face similar economic/political challenges.  1) Both have an overdependence on volatile petroleum income, though Alaska's dependence is greater.  2) Each has a liberal leader who understands the importance of natural reource revenue; but, some of their major constituencies actually oppose natural resource development and support higher energy taxes.  3) The Governor of Alaska and Alberta's Premier both preside over large bureaucracies whose funding has been slashed by a two-plus year energy price decline.  4) Meanwhile, energy competitors all over the world are [...]

12-6-16 Trump Would Be Right To Reverse Obama’s Political Pipeline Decisions —— Should the President-elect Reject An Interior Secretary Candidate Who Supported EPA Overreach?

Trump Vows Prompt Review of Rejection of Dakota Pipeline ... Donald Trump: GOP Leader Inquires About Keystone Pipeline - Fortune Rex Tillerson Governor feuds with ExxonMobil re: take over Alaska LNG project  -  We've agreed with Tillerson that, Alaska Is Its Own Worst Enemy Exxon Mobil CEO emerges as State Department candidate   Our Personal Pearl Harbor Remembrance Standing Rock Commentary By Dave Harbour Sunday, we alerted readers to Presidential interference with due process and how the venerable U.S. Army Corps of Engineers had been led to reject [...]

11-30-16

Gov’s veto forces loan modification for Inlet producer.  BlueCrest Energy is asking state borrowers to amend the terms of a $30 million oil project loan after the state failed to pay tax credits the company was expecting. Armstrong Oil and Gas has high hopes for another North Slope find this winter.  As the amount of oil flowing through the Trans-Alaska Pipeline System declines, big new finds on the North Slope are kindling a lot of excitement in Alaska.  Deadline nears for Murkowski energy bill.  Time is running out on one [...]

11-23-16 Good News!

On Being Thankful For The Good News and the Bad As Well....   We are thankful for the good news of an incoming federal administration that more heavily values our Constitution, the rule of law, the proven value of wealth producing natural resources, the importance of properly defending U.S. liberty and the simple but eternal truth symbolized by the greeting, "Merry Christmas". Dr. Scott Goldsmith, Northern Gas Pipelines file photo by Dave Harbour Our hopes spring eternal for good news on the Alaska and Canadian energy scenes [...]

11-21-16 Alaska Conference Presentations Bring You State-of-Art Energy Status

Here -- for your current and future reference -- are last week's Resource Development Council for Alaska video and slide presentation archives: Wednesday, November 16th 7:00 a.m.   Registration/Check-in/Exhibits Open Eye-Opener Breakfast in Exhibit Area – Sponsored by Wells Fargo 8:00           Opening Remarks Eric Fjelstad, RDC President, Managing Partner, Perkins Coie LLP Alaska Economic Trends: 2017 Outlook Neal Fried, Economist, Alaska Department of Labor video slides Alaska Industry 2016 Year in Review and 2017 Outlook video Mining: Karen Matthias, Executive Director, Council of Alaska Producers Fisheries: Glenn Reed, President, Pacific [...]

11-19-16 Alaska LNG Makes Weekend News

ConocoPhillips seeks to sell 47 year-old Alaska Kenai LNG export terminal ETEnergyworld.com.  The United States exported on average 0.08 bcf per day of LNG from Alaska in 2015, according to federal data. That is expected to rise to 0.44 bcfd in ... New faces in Alaska House of Reps could tackle familiar gas and oil issues   KTOO.  And what will happen to the Alaska LNG project? In the state House, a new coalition of Democrats, Independents — and moderate Republicans are ... AK-LNG transition misses first [...]

By | November 19th, 2016|Interstate Gas, Intrastate Gas, LNG|0 Comments