8-15-16 Alaskans and Canadians Will Ignore The Need To Be Competitive AT THEIR PERIL

We are indebted to our anonymous, Mid Atlantic energy advisor for providing the important analysis below.  It demonstrates why some producers may be subsidizing continuing operations to support cash flow demands -- on the hope that prices will rise in time to rebuild the financial strength of those producers. One notes with concern that Alaskan and Canadian oil and gas operations have special difficulty with low price environments.  Most of their competitors operate in areas closer to markets, with lower labor costs, lower transportation costs, lower logistical costs and lower [...]

By |2016-12-22T22:26:58-09:00August 15th, 2016|Alaska Taxes, Commentary|0 Comments

8-12-16 End Of Week Pipeline Updates

From this week's Petroleum News (We recommend subscribing!): AKLNG sets Mat-Su community meetings  08/14/2016 (Trouble viewing this article? Click here) The Alaska Liquefied Natural Gas project has scheduled community meetings in Houston on Aug. 23 and in Wasilla onAug. 24. Both meetings will be from 6-8 p.m. Members of the Alaska LNG team will provide project updates and share information about upcoming resource reports. The Houston/Big Lake/Wi.... EIA: US production continues to drop  08/14/2016 (Trouble viewing this article? Click here Slope drilling down  08/14/2016(Trouble viewing this article? Click here) The U.S. Energy [...]

By |2016-12-22T22:26:58-09:00August 12th, 2016|Uncategorized|0 Comments

8-11-16 World Knows What Alaska’s Governor Won’t Admit: NOW IS NOT THE TIME For An Expensive 800 Mile Pipeline/LNG Export Project!

Our Aussie Energy Analyst friend evaluates the Alaska LNG project: NOW IS NOT THE TIME. We have long observed that Alaska's governor and legislature would be wiser to focus their energies on enabling Alaska to live within its means, rather than overtaxing current investors or over spending dwindling state savings accounts and/or pursuing an uneconomic, expensive LNG project when, NOW IS NOT THE TIME!  -dh LNG and international gas, by our Aussie blogger: An interesting regulatory comparison between two of the more interesting but challenging international pipeline projects - Alaska [...]

By |2016-12-22T22:26:58-09:00August 11th, 2016|Commentary, LNG, You Read It Here First|0 Comments

8-10-16 Alaska’s Governor Adds Advisor Costs To Deficit Spending

Deficit Spending Governor Hires More High Powered "Advisors"  (We join Ak-Headlamp in expressing respect for economist John Tichotsky, but disappointment in a governor who ignores the meaning of "Hiring Freeze".  -dh) Two's company. Gov. Bill Walker hired former chief economist John Tichotsky and former commercial analyst with the state's natural resources department Ed King as economic advisors. "John kind of ran the economic staff kind of like a think tank — which was great when we had the money for it," said Randy Hoffbeck, the state revenue commissioner. Tichotsky's [...]

By |2016-12-22T22:26:58-09:00August 10th, 2016|Alaska Taxes, Commentary|0 Comments

8-9-16 Feds Continue Alaska Lock-Up

CALGARY HERALD.  Calgary-based Inter Pipeline Ltd. said Monday that it’s buying the Canadian assets of the Williams pipeline companies at a steep discount — and will take on its massive petrochemical project in Alberta — for $1.35 billion. KTUU/AP.  FAIRBANKS The federal government's new plan ... has received criticism from state officials and leaders who say it restricts development in the state. The Fairbanks Daily News-Miner reports that the Bureau of Land Management's plan released in July designates 1.7 million acres for possible resource extraction, while the other 4.8 acres of federal land remains [...]

8-8-16

NEB hearings on Energy East pipeline set to begin in New Brunswick.  Calgary Herald.  The National Energy Board is set to begin public hearings Monday into the Energy East Pipeline in New Brunswick, a province where the prospect of ...

By |2016-12-22T22:26:58-09:00August 8th, 2016|Uncategorized|0 Comments

8-7-16 Don’t forget the Alaska LNG CO2 Cost Burden!

CNEB hearings on Energy East Pipeline set to begin in Saint John Steve Butt, Alaska LNG project. NGP Stock Photo by Dave Harbour ADN by Alex DeMarban.  The Alaska LNG megaproject has a $10 billion problem other gas projects don't face — a huge volume of carbon dioxide must be prevented from entering the atmosphere where it may speed up global warming. The senior manager for the project, an employee of the lead oil company, ExxonMobil, said there is no federal law requiring that all carbon dioxide — a major greenhouse gas [...]

By |2016-12-22T22:26:58-09:00August 8th, 2016|LNG|0 Comments

8-6-16 Shell Responsibly Finishes Its Alaskan Arctic Job

Shell returns to Unalaska By Zoë Sobel, Alaska's Energy Desk - Unalaska - August 5, 2016 Shell is back in Unalaska. Dutch Harbor was a staging area for Shell’s unsuccessful search for oil in the Arctic Ocean last year. This week, three ships — the Aiviq, the Dino Chouest, and the Ross Chouest — associated with Shell’s Arctic efforts arrived in Unalaska on a mission to remove the last signs of that effort. Full story here.

By |2016-12-22T22:26:58-09:00August 6th, 2016|Uncategorized|0 Comments

8-5-16 Feds Attack On Alaska Is Unrelenting

Murkowski: FWS Rule Is Unwarranted Takeover of State’s Rights Agency Uses Regulatory Process to Seize Control of Wildlife Management in Alaska Refuges U.S. Senator Lisa Murkowski. NGP stock photo by Dave Harbour. U.S. Sen. Lisa Murkowski, R-Alaska, today slammed the U.S. Fish and Wildlife Service (FWS) for finalizing a new rule that preempts the State of Alaska’s jurisdiction over wildlife management in national refuges within Alaska. The rule grants the FWS broad authority over predator control, bans science-based practices developed by the State of Alaska in consultation with [...]

8-4-16 Alaska Gasline CFO Calls It Quits

  AGDC finance VP quits; Walker vetoes bill to put legislators on board Bruce Tangemon, AGDC's Departed CFO. (Note: we have always considered Tangemon to be a man of high principles.) NGP File Photo by Dave Harbour. Alaskajournal.com The Alaska Gasline Development Corp. is moving ahead with its alternative financing concept for the Alaska LNG Project with a couple leadership ...

8-3-16 We Find The Alaska Governor’s Position Wanting

Dear Reader: Alaska Governor Bill Walker. NGP File Photo by Dave Harbour Today we add our note to the story below: We find the state's position wanting.  If Alaska governor Bill Walker's predecessor governors wished to demand competitive producer information, they would have put that demand in the original Prudhoe Bay Lease Sale -- and future lease sale -- requirements.   Adding requirements -- especially those that violate federal laws -- after a lease sale, after investors pay their bonus bids, after exploration and development and construction of [...]

8-2-16

THIS MORNING FROM ALASKA HEADLAMP: Bill Popp, Anchorage Economic Development Corporation. NGP File Photo by Dave Harbour All in our heads? According to Anchorage Economic Development Corp. CEO Bill Popp., "It's easy to get caught up in the emotions" of Alaska's economy right now. At an annual three-year economic outlook presentation, Popp said that the current slowdown may not be as bad as it seems. Citing net job losses, housing and population developments, Popp said there is much to work with in Alaska. That being said, Popp concluded [...]

By |2016-12-22T22:27:05-09:00August 2nd, 2016|Alaska Taxes, LNG|0 Comments

8-1-16

Our Thanks to Consumer Energy Alliance For This Week's News Clips Relevant to NGP Readers Monday, August 1st, 2016 The Wall Street Journal: The Trans-Alaska Pipeline Will Dry Up Without New Oil *CEA Mention The good news is the Arctic possesses abundant onshore, nearshore and offshore oil resources, and Alaskans support finding and using those resources. A 2014 poll by the Consumer Energy Alliance found that 73% of Alaskans support developing the Arctic offshore for oil and gas. Consumer Energy Alliance President David Holt. NGP File Photo by Dave [...]

By |2016-12-22T22:27:06-09:00August 1st, 2016|Arctic Policy|0 Comments
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