| Click on one of the Alaska Oil and Gas Congress public service ads above or in the right column for a Northern Gas Pipelines conference discount (We receive no financial incentive for providing this information. -dh)
We compliment Congress for denying the EPA funds to create new and harmful, anti-energy / anti-consumer regulatory programs. |
This Afternoon's Release courtesy of the Alaska Support Industry Alliance and the Alaska Oil & Gas Association: "Arctic Exploration Program Moves Forward": In a blow to environmental groups that file lawsuits designed to delay or halt resource develop projects, The United States District Court for the District of Alaska recently ruled in favor of the United States Fish and Wildlife Service (USFWS) and the Alaska Oil & Gas Association (AOGA).
The two parties defended the agency’s Incidental Take Regulations (ITR) for the Chukchi Sea against a challenge filed by Greenpeace, Alaska Wilderness League, Center for Biological Diversity, Natural Resources Defense Council, and other anti-development organizations. More….
| ADN by Alex DeMarban.
Hilcorp Energy is continuing its aggressive push into Alaska’s oil and gas industry, recently inking a deal to buy the Cook Inlet assets of an Exxon Mobil subsidiary. Hilcorp, based in Houston, Texas, plans to purchase two offshore platforms from XTO Energy as well as a tank facility and offices in Nikiski on the Kenai Peninsula, said Lori Nelson, external affairs manager at Hilcorp Alaska. (We have noted that large companies sometimes "Buy high and sell low" {e.g. ARCO / Anaconda, recent stock buy backs, etc.}, whereas smaller, more nimble companies, like Hilcorp, may be more able to "Buy low, sell high." This is not to ignore the reality that Price/Earnings and ability to repay debt and future economic outlook can play large and even decisive roles. -dh) |
IABA’s mission is to provide a unified voice, collective vision, guidelines and venue for doing business in the Arctic. IABA’s goals are to ensure that their respective regions directly benefit from activity and operations in the Alaska Arctic. IABA will provide the Arctic Alaska Iñuit a voice, with respect to transportation, infrastructure, energy and all facets of sustainable economic development and cultural stewardship.
“It is important that we speak for ourselves with a collective voice. With increased interest in the Arctic, there is too much at stake to let others speak for us. This partnership is a mechanism to make sure it is our message that is being heard,” said ASRC President and CEO Rex A. Rock, Sr.
“Cooperation is our natural way of doing business,” said NANA President and CEO Wayne Westlake. “The planning for this business alliance has spanned over a year and we have now agreed to work together on common priorities.”
President and CEO of BSNC, Gail Schubert remarked, “Global interests continue to focus on the Arctic, and we, Iñuit, have always worked together to ensure our collective destiny remains in the hands our people. The Iñuit Arctic Business Alliance is the conduit to ensure we lead this effort.”
The three corporate members of IABA were established as part of the Alaska Native Claims Settlement Act (ANCSA) of 1971. Their combined land base and traditional territories span coastal Alaska and neighboring uplands from the Yukon River Delta to the Canadian border. Together, they own a total of 9.3 million acres of Arctic surface and subsurface real estate and represent more than 31,900 Alaska Native shareholders.
IABA is governed by a nine member board of directors comprised of three individuals from each member corporation.
ABOUT:
ARCTIC SLOPE REGIONAL CORPORATION
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s shareholder base has nearly tripled, growing from the 3,700 original enrollees to around 12,000 today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the largest Alaskan-owned company, employing approximately 10,000 people worldwide. The company has six major business segments: petroleum refining and marketing, energy support services, construction, government services, industrial services and resource development.
NANA REGIONAL CORPORATION
Kotzebue-based NANA Regional Corporation, Inc. (NANA) is one of the 13 Regional Alaska Native Corporations created pursuant to the Alaska Native Claims Settlement Act (ANCSA) of 1971. NANA manages the surface and subsurface estate of 2.2 million acres of land in Northwest Alaska. Its mission is to provide economic opportunities for its more than 13,800 Iñupiat shareholders and to protect and enhance NANA lands. Its wholly-owned subsidiary, NANA Development Corporation (NDC), was founded in 1974 and manages more than 30 companies operating in the oil, gas, federal and commercial sectors in eight countries and all 50 states.
BERING STRAITS NATIVE CORPORATION
Headquartered in Nome, Alaska, Bering Straits Native Corporation (BSNC) was formed in 1972 as the Regional Alaska Native Corporation for the Bering Strait region, which encompasses the majority of Alaska’s Seward Peninsula and the coastal lands of eastern Norton Sound. This region is perhaps the most culturally diverse area in the state with three Native languages spoken: Siberian Yupik, Central Yup’ik, and Iñupiaq. BSNC began with 6,333 original shareholders and owns and manages nearly two million acres of subsurface land selected by 17 village corporations.
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