4-16-14

On the online opinion pages of The Oregonian, David Holt (NGP Photo) explores why west coast states will benefit the most if the U.S. utilizes Alaska energy resources.   ...  According to the EIA, Oregonians spend more than $9 billion on petroleum products each year. Energy consumption in Oregon continues to increase, but Oregon only produces about one-third of the energy it uses.  ...  The state has therefore been highly dependent on the Trans-Alaska Pipeline System (TAPS) and would be highly vulnerable should the pipeline cease operation. More than 80 percent [...]

By |2016-12-22T22:29:38-09:00April 16th, 2014|Uncategorized|0 Comments
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4-15-14 Alaskanomics

  KTUU.  In this year’s legislative push to approve an all-Alaska natural gas pipeline, the driving force has been state Department of Natural Resources Commissioner Joe Balash (NGP Photo). "It's kind of like a big boulder," Balash said. "Once you get it moving, you want to keep it moving." Alaska Economic Update: Interest Rates, by Katie Bender.  As readers review this, consider the effect of interest rate increases on Alaska state budget debt, on the cost of debt to fund state projects and on the effect of higher interest rates on the [...]

By |2016-12-22T22:29:38-09:00April 15th, 2014|Commentary, Intrastate Gas|0 Comments
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4-14-14

This Morning at 8:30 a.m. Alaska Time (12:30 EST), the House Finance Committee met for its gas pipeline/oil production tax hearing.   U.S. Sen. Lisa Murkowski (NGP Photo) today commented on the Department of Energy’s (DOE) announcement that ConocoPhillips’ non-Free Trade Agreement (FTA) liquefied natural gas (LNG) export license has been approved. “I’m glad ConocoPhillips will be able to add to Alaska’s 40-year history of supplying natural gas to Japan,” Murkowski said. “Today’s announcement by DOE also highlights the growth that’s occurring in Cook Inlet, where there is now ample [...]

By |2016-12-22T22:29:38-09:00April 14th, 2014|Uncategorized|0 Comments
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4-13-14 Skagway: A New Oil Terminus For Canadian Oil?

ADN.  Alaskans know Valdez as the state's oil port of choice, but an independent Yukon oil producer is planning to make Skagway No. 2 on the list of Alaska oil ports.  Last week, Skagway Mayor Mark Schaefer announced that officials from Northern Cross Yukon are interested in using the port of Skagway to export crude oil to a refinery in Washington state.

By |2016-03-13T03:52:54-09:00April 13th, 2014|Uncategorized|0 Comments
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4-12-14

Journal of Commerce/AP by Becky Bohrer.  The House Rules Committee on April 8 advanced legislation that would allow out-of-state residents to serve on the board of directors of the Alaska Gasline Development Corp.

By |2016-03-13T03:52:53-09:00April 13th, 2014|Intrastate Gas|0 Comments
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4-11-14 LNG Jobs For Alaskans In BC?

Northrim Bank and its President, Joseph Beedle (NGP Photo), hosted a packed house economic briefing yesterday at the Dena'ina Convention Center in Anchorage featuring Economists Mark Edwards and Bill Conerly.  We'll have more for readers by Monday.  -dh Opportunity For Alaskans In Canada? Petroleum News: British Columbia Premier Christy Clark, supported by a delegation of top cabinet ministers and petroleum leaders, has persuaded the Canadian government to declare that the LNG sector is a potential “nation-builder” which could create 100,000 jobs. Although the accord signed in Ottawa earlier in April is [...]

By |2016-12-22T22:29:38-09:00April 11th, 2014|Alaska Taxes, Commentary, LNG, Reader Comment, You Read It Here First|0 Comments
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4-10-14 Hostility Toward Alaska’s Major Investors

COMMENTARY: "Alaska Should Never Become Like Hostile Argentina!"  In this video of yesterday's Senate Resources Committee meeting a minority senator (i.e. Hollis French {NGP Photo} of Anchorage) proposes that witnesses be required to testify under oath.  This unprecedented (or at least rare) action is sure to further convince investors that Alaska is a risky place to do business.  Some might say, "Well, we have the statutory right to interview witnesses under oath."  Our concern with that clever response is, "Fine, then why not interview all witnesses under oath?  Why just interview major investors under [...]

By |2016-12-22T22:29:38-09:00April 10th, 2014|Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments
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4-9-14 Pedro van Meurs Announces June Fiscal Oil and Gas Courses In Amsterdam

Our friend, Pedro van Meurs (NGP Photo) will host his special sequence of three fiscal oil and gas courses to be held in Amsterdam: June 4 – 6: The Advanced Course in Fiscal Systems for Unconventional Oil and Gas. The course deals with unconventional projects in North America and worldwide, including spreadsheet based economic analysis of a wide variety of applicable fiscal systems.   June 9 – 13: The world famous regular course in World Fiscal Systems for Oil and Gas, providing a comprehensive overview of fiscal systems related to leases, licenses, [...]

By |2016-03-13T03:53:33-09:00April 9th, 2014|Alaska Taxes|0 Comments
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4-8-14 What Do Underfunded Pensions Have To Do With An Alaska Gas Pipeline?

Remember this announcement, 5 years ago today?  ANCHORAGE, April 8, 2008 - BP [NYSE: BP] and ConocoPhillips [NYSE: COP] today announced they have combined resources to start Denali - The Alaska Gas Pipeline. The pipeline will move approximately four billion cubic feet of natural gas per day to markets, and will be the largest private sector construction project ever built in North America. The project combines the financial strength, arctic experience and technical resources of two of the most capable and experienced companies in the world. Globe & Mail.  The [...]

By |2016-12-22T22:29:39-09:00April 8th, 2014|Alaska Taxes, Commentary, Federal Obstruction, Interstate Gas, Intrastate Gas, LNG|0 Comments
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4-7-14

WILD CANADA: This spectacular four-part series on the wildlife and the wild lands of Canada reveals a Canada that few have seen before.  This morning, U.S. Senator Lisa Murkowski (NGP Photo) ... This afternoon at 7:30 p.m. Eastern Standard Time, readers may watch a legislative hearing (i.e. live streaming) in Juneau before the Senate Resources Committee.  One of the items heard will be "Updates From The Field", including testimony concerning Alaska's tax and investment climate by Alaska Support Industry Alliance representatives, Rebecca Logan and Doug Smith (See photos).   ... commented on Rio [...]

By |2016-12-22T22:29:39-09:00April 7th, 2014|Alaska Taxes, Commentary, Interstate Gas, Intrastate Gas, LNG|0 Comments
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4-4-14

Roll Call (4/3/14) reports: The wind industry may be feeling butterflies as the sector’s Production Tax Credit (PTC) is up for renewal again. But Washington’s usual handout to keep the turbines spinning may be harder to win this time round because of a new twist: experts are warning a renewal will lead to increased carbon emissions. According to said experts, PTC subsidies for wind are incentives for turbine operators to sell energy at negative prices or a loss. That’s because wind producers still receive positive margins during negative price hours due [...]

By |2016-03-13T03:52:56-09:00April 5th, 2014|Uncategorized|0 Comments
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4-3-14

We're en route from Ecuador to Alaska.  Here are relevant Consumer Energy Alliance clips Townhall: The Russian Bear and the American Pipeline *Michael Whatley Op-Ed If there were any doubt about the importance of pipelines to national security, it ought to have been erased by recent events in Crimea and Ukraine as the Russian Bear has pawed away the former from the latter. Europe is vulnerable because 16% of its natural gas comes through Ukraine. It is a powerful reminder of why the Keystone XL Pipeline is critical to our own national security. [...]

By |2016-12-22T22:29:39-09:00April 3rd, 2014|Uncategorized|0 Comments
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4-2-14

U.S. Sen. Lisa Murkowski (R-Alaska) today released a report demonstrating that the Department of Commerce retains the power to modernize its regulations and allow condensate exports.   The report contains more than 40 pages of Commerce Department decisions from the 1970s and 1980s on expanded exports of residual fuel oil, petroleum coke, butane, specialty naphtha, and other petroleum-related products. Fairbanks News Miner by Matt Buxton.  Mayors from communities along the route of a proposed natural gas pipeline still are wary about the project’s impacts despite Gov. Sean Parnell’s creation of a project [...]

By |2016-12-22T22:29:39-09:00April 2nd, 2014|Federal Obstruction, Interstate Gas, Intrastate Gas, LNG, Notes From the Road|0 Comments
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4-1-14

Fairbanks News Miner.  House Speaker Mike Chenault on Monday said he plans to propose allowing out-of-state residents to serve on the board of directors of a corporation that could play a key role in a major liquefied natural gas project in Alaska. In a memo to lawmakers, Chenault, R-Nikiski, said he will offer the amendment to SB124, a bill to extend the sunset date of the Council on Domestic Violence and Sexual Assault, during a House Rules Committee hearing Thursday. Chenault said he would have preferred to find another bill [...]

By |2016-12-22T22:29:39-09:00April 1st, 2014|ANWR, Intrastate Gas, Keystone XL, LNG|0 Comments
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