9-13-16 Best Place To Build Pipelines: Canada Or US?

From Ak-Headlamp:

In a report released yesterday, in the Alaska section, BP said that about 16,200 people owed their jobs to the company, divided among direct employees, contractors and other support staff. That’s a drop from more than 24,200 jobs in 2014, according to the oil producer’s two most recent reports. “This is largely reflective of the price environment we’re in,” said Dawn Patience, press officer for BP Alaska. BP’s U.S. Economic Impact Report 2016 is an annual update on the company’s activities. With operations from Alaska to the Lower 48 and in deep-water Gulf of Mexico, BP reports that it injected $80 billion into the national economy in 2015. It said it produced 643,000 barrels of “oil equivalent,” a term that accounts for oil and natural gas production.

To build in Canada or the US? That is the question! -dh

CBC article by Tracy Johnson

When the Canadian dollar started to dive in earnest in 2015, the theory went that the low loonie would make Canada very attractive for American companies looking to buy assets or make deals. After all, Canadian companies were essentially on sale — 30 per cent off!

Instead, in the past six months, Canada’s two largest pipeline companies, TransCanada and Enbridge, have spent nearly $50 billion making acquisitions south of the border, paying a 30 per cent premium over a few years ago. This follows on two deals in which Canadian power companies Fortis and Emera spent roughly $10 billion each buying U.S. utilities. (Read more)

By wpnorthern|2016-12-22T22:26:54-09:00September 13th, 2016|Uncategorized|0 Comments

About the Author: wpnorthern

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission. He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School. Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations. Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska. Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power. He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress. Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.