Please Put It On Your Calendar If You Will Be In Anchorage Next Wednesday! “ The Taxes of Our Future” Wednesday, March 20th . UAA Consortium Library 307 6-8PM Program Introduction – Dave Harbour Panel Introduction and moderator- Andrew Halcro (NGP Photo) Speakers: Local and State Taxes- Dr. Scott Goldsmith (NGP Photo) 1. Income Oil and Gas Productivity 2. Oil and Gas Income 3. Oil and Gas Royalty 4. Oil and Gas Production (ACES) 2The Oil tax Issues – Roger Marks 1. The Oil tax [...]
Juneau Empire-AP, by Becky Bohrer. A Senate proposal to overhaul Alaska’s oil tax structure could cost the state up to $1.3 billion next year, hundreds of millions more than plans put forth by Gov. Sean Parnell and a different Senate committee, according to an analysis released Wednesday. Sens. Lyman Hoffman and Click Bishop laughed as an economist began discussing the potential impact of the Senate Finance Committee’s rewrite of SB21 on state revenue and the operating budget. Hoffman, D-Bethel, later called the numbers “staggering” and said they would have a [...]
We Celebrate Prudhoe Bay's Discovery Over 4 Decades Ago This Week! (As We Did Last Year!) Tonight, We Address Members Of The Project Management Institute - Alaska Chapter. Juneau Empire by Mark Miller. An excursion by legislators to Washington, D.C., last week for a meeting of the Energy Council gave attendees insight into energy issues and opportunities to share their perspectives with the federal government, several participants said Tuesday. The four-day Energy Council meeting, chaired by Southeast Alaska’s Sen. Bert Stedman, (NGP Photo), featured presentations by federal officials, company executives, [...]
Fairbanks News Miner by Matt Buxton. Federal regulators have dismissed the Alaska Gasline Port Authority’s application for a license to export natural gas to Asian markets, calling the application “deficient.” Calgary Herald by Deborah Yedlin. No matter which way you look at it, the energy sector can't seem to bridge the communication gap. At least, that's the conclusion from a study co-authored by professors Michal Moore and Andre Turcotte and released last week by the School of Public Policy at the University of Calgary. Please see today's EIA Short-Term [...]
TOMORROW: FROM OUR FRIEND, CARL PORTMAN (NGP Photo), AT RESOURCE DEVELOPMENT COUNCIL FOR ALASKA There is one last opportunity in the Senate to testify on the urgent need for oil production tax reform when the Senate Finance Committee takes public comment on Tuesday, March 12 from 4:00 to 6:00 p.m. on the committee substitute for Senate Bill 21. Testimony will be taken at your local Legislative Information Office. Although we had a good turn out before other committees, we need strong support before Senate Finance. It is important to keep the momentum going [...]
Petroleum News by Wesley Loy. Seven Alaska North Slope villagers are suing in an effort to invalidate a hard-fought federal permit ConocoPhillips obtained for a satellite oil field development near the company’s prolific Alpine field. The 30-page lawsuit, against the U.S. Army Corps of Engineers, was filed Feb. 28 in U.S. District Court in Anchorage. Point of personal privilege: ADN. Anchorage resident Glenn Bovey, Jr., 82, passed away peacefully in his sleep at his home in Anchorage, Alaska on March 10, 2013.
We take a pleasant weekend break from energy issues to pause and reflect on more eternal issues.... 28th Annual Alaska Governors Prayer Breakfast Saturday, March 9, 2013 Report by Dave Harbour This morning, Governor Sean Parnell (NGP Photo-R) hosted the 28th Annual Alaska Governor's Prayer Breakfast, featuring "Mercy Ships" creator, Don Stephens (NGP Photo-L). Stevens recalled meeting Mother Theresa when he was 32 years old. Her poignant questions that day set him on a new course for his life. "She asked three questions," he said, "which caused me to think seriously [...]
Yesterday, U.S. Sen. Lisa Murkowski (NGP Photo), questioned the nominee to be the next Secretary of the Interior, Sally Jewell, about her commitment to return balance to the various missions of the department. "Balance" would include recognizing importance of energy development, multiple use and consideration for the livelihoods and safety of citizens. See her full opening statement here, and the full video of the hearing here. Instate Gasline Competition by Dave Harbour In the 1970's powerful energy consortia fought over Arctic gas pipeline routes tapping Alaska North Slope (ANS) and Canadian Mackenzie [...]
Falling From Grace and Prosperity As The Great Tax Debate Grinds On by Dave Harbour Last month we testified at an Alaska Senate Resources Committee hearing on oil tax reform. Soon thereafter, Anchorage Chamber of Commerce President Andrew Halcro, advocating tax reform, debated State Senator Bill Wielechowski, an opponent of reform. Yesterday, the debate continued among constituencies as the Senate Finance Committee heard from citizens around the state. First, we will address an outrageous argument made by opponents to tax reform. Then, we’ll give a [...]
The Senate Finance Committee will be taking public comment TODAY, March 6th on the Committee Substitute for Senate Bill 21, the governor¹s proposed oil productive tax reform bill. The statewide hearing will occur between 3:00 and 6:00 pm at your local Legislative Information Office. Comments should be limited to two minutes. We testified at an earlier Senate Resources Committee hearing and would encourage Alaska readers to weigh in today in order to reflect strong support before Senate Finance. It is important to maintain momentum, and this committee must hear from Alaskans on how vital it is [...]
CBC News. Calla Farn, a company spokesperson, said most of the company's plants around the world have already converted to natural gas. Legislative Report: Yesterday, the Alaska State House of Representatives adopted a resolution (HJR 6) Relating to legacy wells and legacy well sites. The resolution urges the Bureau of Land Management to open new areas of the National Petroleum Reserve - Alaska for environmentally responsible oil and gas development. It also requests the Office of the Governor to increase nationwide awareness about legacy wells and well sites. Commentary coming tomorrow. [...]
Last Monday's "Great Oil Debate": Our Link, GCI's Video Link Social Licence for Projects? VANCOUVER, BC, Mar. 3, 2013/ Troy Media/ – Back in the 1970s and early 1980s when Canada was previously awash with discussion about building pipelines (it was the Mackenzie Valley and Alaska Highway natural gas pipelines back then), the great debate was also about environmental integrity and aboriginal rights, and to a lesser degree nationalism. Votre Canada. Is Canada facing a Constitutional crisis regarding its free trade relationship with South Korea?
Petroleum News. The Bakken formation could fuel short-term plans to ship crude from the Port of Churchill on Canada’s Hudson Bay, said the Canadian president of Denver-based OmniTrax, one of North America’s largest private railroad and transportation management companies. Brad Chase told a recent Insight Canadian Oil Sands summit that the seaport, used for decades to export grain during summer months, is part of his company’s long-term goal of shipping crude, starting with light, sweet crude, primarily from the Bakken. “We see five to eight years, as our prediction, of [...]
Calgary Herald by By James Wood, Chris Varcoe And Dan Healing. Proponents of the Keystone XL pipeline were upbeat Friday after a U.S. State Department report found the project would have little impact on the growth of Alberta's oilsands - and their associated greenhouse gas emissions - whether or not it was approved.
From Chairman Ron Wyden, U.S. Senate Energy and Natural Resources Committee: The Sally Jewell nomination hearing will occur on Thursday, March 7, in Washington D.C. at Dirksen 366, 10 a.m.
