February 9, 2014 - Northern Gas Pipelines

2-9-14 ConocoPhillips: Paying twice what it keeps from Alaska operations

Petroleum News by Eric Lidji (NGP Photo). For the fourth quarter, ConocoPhillips earned $555 million in Alaska, up from the seasonally lower third quarter, but down from the same period during the previous year on declining production. The company paid nearly $1 billion in obligations during the quarter, which vice president finance, ConocoPhillips Alaska Vice President of Finance Bob Heinrich attributed to the outgoing Alaska’s Clear and Equitable Share fiscal system. “The fourth quarter of 2013 is similar to what we have seen historically under ACES where we pay [...]

2-8-14 Shell’s Loss is Alaska’s Loss

Bristol Bay Times by Jim Paulin. Royal Dutch Shell's new chief executive said last week that the company is shelving its Alaska exploration program, at least for this year, a move that will impact the economy of Unalaska/Dutch Harbor. ... Unalaska served as Shell's base in 2011 and 2012, as the nearest port with year-round open water and well-developed port facilities, despite being about 1,000 miles from the offshore oil prospects to the north in the Arctic Ocean. "It's a pretty substantial hit," said Tom Enlow, of Unisea, which operates the [...]

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