July 2018 - Northern Gas Pipelines

7-31-18 Alaska Business Leader Opines On China

Alaska/China Bedfellows -Opinion- China purchases a Papa Bear's percentage of Alaska's prodigious seafood market. No worries, though, because the interaction is largely year to year business interaction between the Communist country and a number of private sector risk takers. Alaska's governor believes that the seafood experience bodes well for his plan to finance a $40-60 billion Arctic gas pipeline/LNG project using long term contracts with China as security for a finance plan. Apples and oranges. A large number of private sector investors assume the risk that a seafood deal [...]

By wpnorthern|2018-08-02T06:00:39-09:00July 31st, 2018|AGDC, China, Commentary, LNG, Trump Administration Energy Initiatives|0 Comments

7/30/18

Larry Persily's Oil and Gas Briefs For Today Larry Persily No decision yet on Shell-led LNG Canada project (CBC News; Canada; July 26) - Global energy giant Shell is still examining plans for a massive liquefied natural gas terminal on the northern coast of British Columbia, though company officials said July 26 the C$40 billion project looks "very promising." Despite speculation Shell would announce a decision on the LNG Canada project during its second-quarter conference call, chief financial officer Jessica Uhl told analysts the venture’s future is still [...]

By wpnorthern|2018-07-30T16:36:32-09:00July 30th, 2018|Uncategorized|0 Comments

7-27-18

The LNG Export Vanguard: Louisiana and Maryland Washington Examiner (7/26/18) reports: "Energy Secretary Rick Perry on Thursday christened the first natural gas export terminal on the East Coast, at the Cove Point facility in Maryland outside of Washington. 'We can become a reliable competitive alternative anywhere in the world, and we will,' Perry said...Cove Point is the second LNG export facility to open in the country after the large Sabine Pass terminal in Louisiana. Perry said four more facilities are nearing completion to begin shipping natural gas in the near future." [...]

By wpnorthern|2018-07-27T12:00:12-09:00July 27th, 2018|Uncategorized|0 Comments

7-25-18 Alaska and Venezuela Have This In Common

Q. What do Alaska and Venezuela have in common? Answer. Both have economies that are dependent on volatile oil revenues. Both have insufficiently diversified their economies. Both overspent on social programs during times of high oil prices, ensuring that their economies would be unsustainable during times of low prices. Both now spend more that their economies can afford. Both place greater emphasis on creating new liabilities than attracting new investment. Leaders of Venezuela and Alaska are attracted to socialized control of energy resources. Both are experiencing fiscal crisis. Foreign [...]

By wpnorthern|2018-08-06T16:05:55-09:00July 25th, 2018|AGDC, Alaska's Fiscal Crisis, Commentary, LNG|0 Comments

7-24-18 PipeCo Says No; Borough Says Yea To Pipe Terminus

That's a fine kettle of fish! A pipeline says no and the local government says yes. Our thanks to Larry Persily for this report AGDC says Port MacKenzie ‘not feasible’ for LNG termina Larry Persily. Northern Gas Pipelines photo by Dave Harbourt By Larry Persily paper@alaskan.com July 23, 2018 TheSeveral months of additional review did not change the opinion of the state’s North Slope natural gas project development team that Nikiski is a better site than the Matanuska-Susitna Borough-promoted Port MacKenzie for a multibillion-dollar gas liquefaction plant and [...]

By wpnorthern|2018-07-24T11:45:26-09:00July 24th, 2018|AGDC, China, Commentary, History, Interior Energy Project (IEP), Interstate Gas, Intrastate Gas|0 Comments

7-23-18 Fairbanks Gas Supply Competition

Most Relevant News For Our Readers Public Comments Due For Donlin Mine's Reclamation And Closure Plans Public comments are due for the proposed Donlin mine’s reclamation and closure plans. AK: The journey of Alaska’s go-to man in China Alaska’s does $1 billion dollars worth of trade with China every year — it’s the state’s largest trading partner. State officials: Ballot Measure 1 will make some construction projects impossible Ballot Measure 1 is intended to boost protections for salmon, but a series of state officials told lawmakers Friday… AGDC President: [...]

By wpnorthern|2018-07-23T16:15:52-09:00July 23rd, 2018|AGDC, AIDEA, Alaska's Fiscal Crisis, Commentary, Competition, Interior Energy Project (IEP), Interstate Gas, Intrastate Gas, LNG|0 Comments

7-20-18 Alaska’s Socialist LNG Export Project

What about competitive position of the Alaska LNG idea? The greatest, current competitive failing of the Alaska government LNG project -- aside from its crippling socialist model -- is that its competitors do not have to include the cost of an 800 mile arctic pipeline into the financing plans of their near-tidewater LNG projects. In addition, most of the competition has better labor costs, better logistics, better climatic conditions, and better investor owned management incentives, discretion and market-place reaction times. -dh Today's Alaska LNG News and Our Comment: [...]

By wpnorthern|2018-08-16T17:24:43-09:00July 20th, 2018|AGDC, Alaska Governor Bill Walker, Alaska's Fiscal Crisis, Alaskanomics, Arctic Policy, China, Commentary, Competition, Crony Capitalism, FERC, Interstate Gas, LNG, Russia|0 Comments

7-17-18 ConocoPhillips Continues To Expand Alaska North Slope Oil Wealth Resource

ConocoPhillips Expects Another Active Exploration and Appraisal Season in 2019 “We believe that the company’s Alaska plan aligns with our disciplined, returns-focused strategy, supports Alaska’s economy and creates significant value for shareholders,” said Ryan Lance, chairman and chief executive officer (Photo). “Alaska provides competitive investment opportunities and will generate profitable growth from diversified investments with significant exploration upside. We are proud of the value we create for the State of Alaska through the revenues we generate, the jobs we create and the community investments we make. Our shareholders realize [...]

By wpnorthern|2018-07-17T11:13:19-09:00July 17th, 2018|AGDC, Alaska's Fiscal Crisis, Alaskanomics, China, Commentary, LNG, You Read It Here First|1 Comment

7-5-18 BP and COP Shuffle ANS-UK Assets Subject To Regulatory Approval

Following are COP and BP announcements of this week's plan to realign ANS and UK assets subject to regulatory approvals: ConocoPhillips statement and link: "ConocoPhillips Signs Agreements to Sell 16.5 Percent Interest in the Clair Field in the United Kingdom and Acquire an Additional 39.2 Percent Interest in the Greater Kuparuk Area in Alaska" BP to increase share in UK’s giant Clair field and sell interest in Alaska’s Kuparuk field Increasing holding in core oilfield, west of Shetland in UK, and selling non-operating interest in Alaskan asset. Buying 16.5% [...]

By wpnorthern|2018-07-05T12:02:29-09:00July 5th, 2018|LNG|0 Comments