2-16-12

2-16-12

State faces long road to 1 million barrels of oil – Anchorage Daily News, Becky Bohrer – A consultant to the Legislature, Pedro van Meurs, this week said that the goal is attainable with resources on state lands only but would require major policy and fiscal changes, on an order greater than Parnell has even proposed, and at least $7.5 billion a year more than current levels in industry investment.

State-owned oil companies increase price volatility and pollution, but rarely get used as geopolitical weapons, says Stanford researcher – Stanford University News, Mark Golden – Low-performing NOCs have high non-energy burdens. Two of the lower performers, the oil companies of Iran and Venezuela, have seen their ability to find oil and produce it efficiently decline markedly under the meddling of presidents Mahmoud Ahmadinejad and Hugo Chávez, the book finds. In both cases, reasonably proficient managers have been replaced with political cronies.

TransCanada predicts lower earnings for gas storage business in 2012 – Platts – TransCanada officials said Tuesday they expect the gas storage business to produce modestly lower earnings in 2012 than in 2011.

Analyst says trans-Alaska pipeline flow can grow – CBS News – Reaching (Governor) Parnell’s goal includes new production in legacy fields and drilling in the Arctic and federally controlled Arctic National Wildlife Refuge. The Artic isn’t yet online and the refuge is currently off limits. But Van Meurs told senators he believes the goal can be reached with state resources alone, if changes are made.

Renewed interest by private equity in the oilpatch: a boost for natural gas players? – Calgary Herald – The role of private money is an interesting one to consider, given that most public energy companies are shying away from dry natural gas investments in favour of liquids-rich gas and oil plays, to appease shareholders wary of natural gas prices below $3 per thousand cubic feet in the United States (and even lower in Canada). Additional coping methods of producers, of late, include shutting in production and lowering capital spending plans.

By wpnorthern|2016-12-22T22:32:50-09:00February 16th, 2012|Uncategorized|0 Comments

About the Author: wpnorthern

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission. He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School. Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations. Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska. Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power. He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress. Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.