Our Radio Interview – Keeping Focused Past Gas On the Oil Pipeline

Commentary.  Yesterday a little before 10 a.m. we found an announcement on one of the websites we monitor (Denali), detailing the unwinding of the project.  We posted the 

announcement at 10:03, as noted in yesterday’s story below.  A few minutes later, Dave Stieren(NGP Photo of Stieren-R with the author) of KFQD Radio called to ask for a 3 p.m. interview.  Dave opened up with questions about the Kentucky Derby and then moved into gas pipeline subjects.  We’ll add audio, here, later.                                                                                                                    Read More below….

More reaction to unwinding of the Denali gas pipeline project.

Chances Dim for an Alaskan Gas Pipeline as Denali Bows Out New York Times – ‎May 17, 2011‎ By AP JUNEAU, Alaska (AP) — One of two companies planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it had not obtained the agreements necessary to justify going forward. The announcement, by Denali – the … $35bn Alaska gas pipeline scrapped Financial Times – Sheila McNulty – ‎May 17, 2011‎ An ambitious $35bn plan by BP and ConocoPhillips to build a pipeline to bring natural gas from Alaska to the rest of the US has been cancelled after the boom in shale production and low prices led to insufficient demand … Denali exits; TransCanada alone on Alaska pipeline Reuters Africa – Jeffrey Jones, Yereth Rosen – ‎May 17, 2011‎ CALGARY/ANCHORAGE, May 17 (Reuters) – BP Plc (BP.L: Quote) and ConocoPhillips (COP.N: Quote) dropped efforts on Tuesday to build a $35 billion gas pipeline from Alaska, blaming chronically low prices as well as a … Company cancels work on Alaska gas pipeline project CNN International – Catherine E. Shoichet, Tracy Sabo – ‎May 17, 2011‎ By the CNN Wire Staff (CNN) — One company behind a controversial proposal to build a $35 billion natural gas pipeline in Alaska said Tuesday it was stopping work on the project, but state officials said they were committed to their plan to pump gas to … Alaska Pipeline Scrapped Wall Street Journal – Ben Casselman – ‎May 17, 2011‎ Oil giants BP PLC and ConocoPhillips have abandoned plans to build a $35 billion pipeline to carry natural gas from Alaska to the lower 48 states because of weak customer demand. The decision, though not a complete surprise, … TransCanada Sticks To Alaska Gas Pipeline Project Even As Rival Bows Out Wall Street Journal – Cassandra Sweet – ‎May 17, 2011‎ A TransCanada Corp. (TRP, TRP.T) executive said Tuesday the company remains committed to building a natural gas pipeline from Alaska’s North Slope to Canada and the contiguous US, despite market conditions that … TransCanada to build gas pipeline in Alaska’s North Slope National Post (registration) – ‎May 17, 2011‎ TransCanada Corp. has won the race to build a gas pipeline from Alaska’s North Slope to southern markets. Competitor Denali, a joint venture of BP PLC and ConocoPhillips, said Tuesday it is backing out of its bid to build the US$35-billion project … BP, Conoco Scrap $35 Billion Denali Natural-Gas Pipeline On Weak Demand Wall Street Journal – Joan E. Solsman – ‎May 17, 2011‎ A joint venture of BP PLC (BP, BP.LN) and ConocoPhillips (COP) known as Denali is scrapping a $35 billion Alaskan pipeline project because of anemic customer demand. Since 2008, when Denali began working on the project, natural-gas prices have plunged. … TransCanada says pipeline stake offer still open Reuters – Jeffrey Jones, Rob Wilson – ‎May 17, 2011‎ CALGARY, Alberta May 17 (Reuters) – TransCanada Corp’s (TRP.TO) offer to sell North Slope gas producers a stake in its proposed $40 billion pipeline remains open after two of them backing a rival proposal scrapped their plans, a TransCanada Corp … Company abandoning pipeline project in Alaska Newsday (subscription) – Becky Bohrer – ‎May 17, 2011‎ (AP) — One of two companies planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it didn’t secure the support necessary to justify going forward with its project. … BP, ConocoPhillips Halt Proposed $35 Billion Alaska Gas-Pipeline Project Bloomberg – Edward Klump – ‎May 17, 2011‎ BP Plc (BP/) and ConocoPhillips dropped plans for a $35 billion Alaska natural-gas pipeline, once proposed to be the largest private construction project in US history, because they didn’t get enough … BP, ConocoPhillips JV halts Alaska pipeline work MarketWatch – Wallace Witkowski – ‎May 17, 2011‎ SAN FRANCISCO (MarketWatch) — Denali, a joint venture between BP PLC and ConocoPhillips, said Tuesday it dropped its bid to build a gas pipeline project in Alaska because of a lack of customer support. The joint venture said it … All-Alaska Line Advocate Puts Gas Exports Back On The Table KTVA CBS 11 News Alaska – Bill McAllister – ‎16 hours ago‎ Now that a firm backed by ConocoPhillips and BP says that a route through Canada to the Lower 48 is not economical, Walker is seizing the day. By Bill McAllister A day after the Denali gasline project was scrapped, the top proponent of an all-Alaska … Our view: Gas line milestones Anchorage Daily News – ‎16 hours ago‎ Milestones. That’s what every step toward a natural gas pipeline to market has been called. Well, this week BP and Conoco Phillips announced what looks like a step away from a gas pipeline by shutting down the Denali project. … Denali’s demise doesn’t bode well for state-backed gas pipeline Alaska Dispatch – ‎May 18, 2011‎ With the ink barely dry on the press release announcing that the Denali natural gas pipeline partnership between BP and ConocoPhillips was being dismantled, armchair gas line experts and public-policy dreamers wasted no time in opining about the … Denali cancels Alaska Gas Pipeline Project Finance Magazine (subscription) – ‎May 18, 2011‎ BP and ConocoPhillips-owned Denali cancelled the $35 billion Alaska Gas Pipeline project on 17 May. The developer was unable to attract any capacity purchase commitments from potential buyers for the line, which was to transport natural gas from … ConocoPhillips (NYSE:COP) To Cancel Pipeline Project eMoneyDaily – Dallas Rayner – ‎May 18, 2011‎ ConocoPhillips (NYSE:COP) and BP have put a stop to their joint $35 billion Alaska Gas-Pipeline Project. ConocoPhillips (NYSE:COP), the Houston based multinational energy corporation and BP have abandoned their joint $35 billion Alaska natural-gas … Murkowski s Response on Decision to End Denali Project PoliticalNews.me (press release) – ‎May 18, 2011‎ WASHINGTON, DC – US Sen. Lisa Murkowski, R-Alaska, today released the following statement regarding the announcement that BP and ConocoPhillips were ending their joint Denali project to develop a pipeline to ship Alaska North Slope natural gas to the … BP, Conoco abandon Alaska gas pipeline UPI.com – ‎May 18, 2011‎ ANCHORAGE, Alaska, May 18 (UPI) — An Alaskan natural gas pipeline coalition between BP and ConocoPhillips said it was scrapping a $35 billion project in part because of North American shale. BP-Conoco venture Denali said it was giving up on plans to … BP, Conoco abandon Alaska gas pipeline UPI.com – ‎May 18, 2011‎ ANCHORAGE, Alaska, May 18 (UPI) — An Alaskan natural gas pipeline coalition between BP and ConocoPhillips said it was scrapping a $35 billion project in part because of North American shale. BP-Conoco venture Denali said it was giving up on plans to … BP, ConocoPhillips scrap $35-bn Alaska gas pipeline JV news domain-B – ‎May 18, 2011‎ In the backdrop of energy major BP’s proposed alliance with Rosneft having fallen through, BP and ConocoPhillips have decided to scrap their planned $35-billion joint venture natural gas pipeline project in Alaska because of poor customer demand and … BP, ConocoPhillips Scrap $35B Alaska Pipeline MyFox Houston – ‎May 18, 2011‎ By The Wall Street Journal ANCHORAGE, Alaska – Oil giants BP and ConocoPhillips have abandoned plans to build a $35 billion pipeline to carry natural gas from Alaska to the lower 48 US states because of weak customer demand, The Wall Street Journal … Gasline’s failure disappointing, but no surprise Alaska Dispatch – Patti Epler – ‎May 17, 2011‎ Backers of the Denali natural gas pipeline project had barely thrown in the economic towel, when some lawmakers began calling for TransCanada and the Parnell administration to prove the controversial state-sanctioned gas line project is economically … Timeline: Alaska’s natural gas pipe dreams Alaska Dispatch – Amanda Coyne – ‎May 17, 2011‎ Denali — The Alaska Gas Pipeline project is dead, which is déjà vu for many in Alaska. Talk of the gas line has been going on since workers struck oil at Prudhoe Bay in 1968. In 1977, President Jimmy Carter went so far as to sign legislation … Pipeline effort ends STLtoday.com – ‎May 17, 2011‎ One of two companies planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it didn’t get the agreements necessary to justify continuing. The Denali-The Alaska Gas Pipeline announcement raises questions about … (AMM) Shale gas drilling kills Alaska pipe dream Metalbulletin.com (subscription) – ‎May 17, 2011‎ A proposed natural gas pipeline from Alaska to the lower 48 states is officially dead after being mortally wounded by shale gas production in the lower 48 states. A proposed natural gas pipeline from Alaska to the lower 48 states is officially dead … Former Gov. Murkowski reacts to Denali pipeline’s demise Alaska Dispatch – Frank Murkowski – ‎May 17, 2011‎ Aboard the First Lady, en route to Wrangell — It was a forgone conclusion that the Denali project was doomed once the economics of the gas line changed. Natural gas prices dropped from more than $6/Mcf to less than $4/Mcf due to the large resource of … Parnell on Denali Fairbanks Daily News-Miner – Christopher Eshleman – ‎May 17, 2011‎ by FDNMstaff Here’s reaction from Gov. Sean Parnell and his resources commissioner, Dan Sullivan, to word that BP and ConocoPhillip’s joint pipeline project would close its doors. From Parnell: “While we dislike seeing the demise of any gas pipeline … Pipe to nowhere: Denali scraps Alaska pipeline plans Upstream Online – ‎May 17, 2011‎ Plans by BP and ConocoPhillips to build a natural gas pipeline from Alaska’s North Slope to the continental US have been abandoned, the supermajors’ joint venture announced today. Denali, the consortium behind the proposed Alaska Gas Pipeline, … Former Gov. Murkowski reacts to Denali pipeline’s demise Alaska Dispatch – Frank Murkowski – ‎May 17, 2011‎ Aboard the First Lady, en route to Wrangell — It was a forgone conclusion that the Denali project was doomed once the economics of the gas line changed. Natural gas prices dropped from more than $6/Mcf to less than $4/Mcf due to the large resource of … Parnell on Denali Fairbanks Daily News-Miner – Christopher Eshleman – ‎May 17, 2011‎ by FDNMstaff Here’s reaction from Gov. Sean Parnell and his resources commissioner, Dan Sullivan, to word that BP and ConocoPhillip’s joint pipeline project would close its doors. From Parnell: “While we dislike seeing the demise of any gas pipeline … Pipe to nowhere: Denali scraps Alaska pipeline plans Upstream Online – ‎May 17, 2011‎ Plans by BP and ConocoPhillips to build a natural gas pipeline from Alaska’s North Slope to the continental US have been abandoned, the supermajors’ joint venture announced today. Denali, the consortium behind the proposed Alaska Gas Pipeline, … BP, ConocoPhillips stop development of Denali ANS gas line PennEnergy- Energy News (press release) – Christopher E. Smith – ‎May 17, 2011‎ HOUSTON, May 17 — The Denali project, a joint venture of BP PLC and ConocoPhillips, is stopping efforts to develop a pipeline that would transport Alaska North Slope (ANS) natural gas to the US Lower 48. The competing project, a partnership between … Alaska-Canada Pipeline Plans Scrapped The Epoch Times – Jack Phillips – ‎May 17, 2011‎ This photo provided by BP shows the company’s Prudoe Bay oil field facility in in Prudoe Bay, Alaska. (Photo by BP via Getty Images) ConocoPhillips and BP Plc., which were jointly going to build a natural gas pipeline in Alaska said on … BP, ConocoPhillips joint venture drops bid to build Alaska gas pipeline Fairbanks Daily News-Miner – Christopher Eshleman – ‎May 17, 2011‎ by Christopher Eshleman / ceshleman@newsminer.com JUNEAU, Alaska — A firm is dropping its work on a major Alaska natural gas pipeline proposal, citing "lack of customer support." The company — Denali – The Alaska Gas Pipeline, a joint venture between … TransCanada Corp Up, Hits New Yr High As Denali Drops Pipeline Bid NASDAQ – ‎May 17, 2011‎ One of two companies planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it didn’t get the agreements necessary to justify continuing, the Globe and Mail reported. The Denali-The Alaska Gas Pipeline … BP, ConocoPhillips Abandon Alaska Gas Pipeline Project Alaska Public Radio Network – Annie Feidt – ‎May 17, 2011‎ BP and Conoco Phillips are abandoning their joint effort to build a gas pipeline from Alaska’s North Slope to the Lower 48. Officials with the Denali project announced this morning they did not get the customer commitments needed to continue the … BP, ConocoPhillips JV Said It Dropped Its Bid To Build A Gas Pipeline Project … Financial News Network Online – ‎May 17, 2011‎ A joint venture between BP (NYSE:BP) and ConocoPhillips (NYSE:COP), Denali, said it dropped its bid to build a gas pipeline project in Alaska due to a lack of customer support. Denali said that it has spent over $165 million on the estimated $35 … Denali to cease pursuit of natural gas line project KFQD – Billy Hackett – ‎May 17, 2011‎ Denali – The Alaska Gas Pipeline announced today that it will discontinue work on its North Slope gas pipeline project. According to a press release, Denali will withdraw its pre-file application with the Federal Energy Regulatory Commission, … Stocks down…Tax breaks debated…Luxury is back NECN – ‎May 17, 2011‎ NEW YORK (AP) — The sinking shares of Hewlett-Packard are weighing on the stock market today. HP shares sank after the tech giant lowered its 2011 guidance, citing weak PC demand and the earthquake in Japan. WASHINGTON (AP) — The Senate is taking up a … Denali Ends Pursuit of Natural Gas Pipeline KTUU – Ted Land – ‎May 17, 2011‎ The planners of the Denali natural gas pipeline project announced an end Tuesday to their quest to build a large-diameter gas line to the Lower 48. "Denali is ending its efforts because of a lack of customer support," said … Alaska Gasline Failure Disappointing, but No Surprise Huffington Post (blog) – ‎May 18, 2011‎ ANCHORAGE, Alaska — Backers of Alaska’s Denali natural gas pipeline project had barely thrown in the economic towel, when some state lawmakers began calling for TransCanada and the administration of Gov. Sean Parnell to prove the controversial … Alaska pipeline plan shelved Edmonton Journal – Shaun Polczer – ‎May 18, 2011‎ The main competitor to Trans-Canada’s proposed Alaska pipeline withdrew Tuesday from the race to build the $35-billion project. Citing low natural gas prices, Denali Pipeline, a partnership … Denali withdraws plans for $35B Alaska pipeline Calgary Herald – Shaun Polczer – ‎May 18, 2011‎ The main competitor to TransCanada’s proposed Alaska pipeline withdrew from the race to build the $35-billion project Tuesday. Citing low natural gas prices, Denali Pipeline, a partnership between BP and … Firm drops Alaska pipeline project Boston Globe – ‎May 17, 2011‎ AP / May 18, 2011 JUNEAU, Alaska — One of two companies seeking to build major natural gas pipelines in Alaska has dropped its bid, saying yesterday that it didn’t get the agreements necessary to justify going forward with its project. … One Alaska gas effort folds; the other presses on Houston Chronicle – Simone Sebastian, Tom Fowler – ‎May 17, 2011‎ Pipeline builder TransCanada will continue its quest to build a natural gas pipeline out of Alaska’s North Slope, a company official said Tuesday soon after its major competitor announced that financial pressure has forced it to bow… BP, Conoco Scrap $35 Billion Alaska Natural-Gas Pipeline Wall Street Journal – Cassandra Sweet – ‎May 17, 2011‎ A BP PLC (BP, BP.LN) and ConocoPhillips (COP) joint venture said Tuesday that it is scrapping a $35 billion Alaska natural gas pipeline project because of weak customer demand and poor project economics. … TransCanada’s Alaska rival quits CTV.ca – Becky Bohrer – ‎May 17, 2011‎ TransCanada Corp. ‘s only competitor in the race to build a natural gas pipeline in Alaska has called it quits, but its decision to drop out highlights the largest difficulty the Canadian company will have to overcome to go forward with the … BP, ConocoPhillips drop bid to build Denali pipeline through Alaska CanadianBusiness.com – Becky Bohrer – ‎May 17, 2011‎ JUNEAU, Alaska – One of two groups planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it didn’t get the shipping agreements necessary to justify continuing. … BP, Conoco Halt $35 Billion Alaska Gas-Pipeline Project San Francisco Chronicle – ‎May 17, 2011‎ (Updates with comment from analyst starting in ninth paragraph and coordinator’s comment starting in 11th paragraph.) May 17 (Bloomberg) — BP Plc and ConocoPhillips dropped plans for a $35 billion Alaska natural-gas pipeline, once proposed to be the … Denali to drop Alaska gas pipe plan National Post (registration) – ‎May 17, 2011‎ ANCHORAGE, Alaska – BP Plc and ConocoPhillips are dropping efforts to build a gas pipeline across Alaska, saying there is not enough demand from gas customers. The companies’ joint venture, called Denali, is to wind up operations and withdraw an … Company Abandoning Pipeline Project In Alaska NPR – ‎May 17, 2011‎ by AP One of two companies planning to build major natural gas pipelines in Alaska has dropped its bid, saying Tuesday that it didn’t secure the support necessary to justify going forward with its project. The announcement from Denali-The Alaska Gas … Shale-gas boom kills majors’ Alaska link Petroleum Economist – ‎May 19, 2011‎ NORTH America’s shale-gas boom has claimed a multi-billion dollar Arctic project and raised questions about two others in the region. A joint-venture between BP and ConocoPhillips – Denali – to build a gas pipeline from Alaska’s North Slope to the … BP, Conoco Phillips drop Alaska natural gas pipeline bid Bellingham Herald – ‎May 18, 2011‎ BP and Conoco Phillips are abandoning their joint venture to build a $35 billion natural gas pipeline from Alaska to the Lower 48, known as the Denali project. The decision is renewing the debate over whether an Alaska gas line is just a pipe dream. … BP-ConocoPhillips JV pulls plug on Alaskan pipe Gas Business Briefing – ‎May 18, 2011‎ Denali-The Alaska Gas Pipeline is pulling its application to construct the $35bn Alaska North Slope gas pipeline, following low customer interest — due to competition from shale gas. The company, a joint venture between BP and ConocoPhillips, … BP, ConocoPhillips JV Cancels $35 Bln Alaska Gas Pipeline Project RTT News – ‎May 17, 2011‎ (RTTNews) – Denali – The Alaska Gas Pipeline LLC, jointly owned by BP Plc (BP: News ,BP_UN.TO: News ,BP.L: News ) and ConocoPhillips (COP: News ), Tuesday said it has canceled the $35 billion Alaska North Slope gas pipeline project, citing inadequate … Denali Scraps Natural Gas Pipeline Project KTVA CBS 11 News Alaska – Bill McAllister – ‎May 17, 2011‎ Today, the company announced it will pull out of Alaska’s North Slope over the coming months due to a “lack of customer support.” By Bill McAllister Denali, the firm created by ConocoPhillips and BP to explore a natural gas pipeline, announced today … Rep. Young Reacts to Denali’s Announcement Not to Pursue Natural Gas Pipeline KTVA CBS 11 News Alaska – ‎May 17, 2011‎ I commend ConocoPhillips and BP for taking the initiative to invest their resources in this project and for their interest in developing a gas pipeline. While it is disappointing that they have decided not to pursue the project further, … Reactions to the death of Denali gas pipeline Alaska Dispatch – Amanda Coyne – ‎May 17, 2011‎ (Updated again with comments from our fiends at The Alaska Gasline Port Authority. Guess what they have in mind?) (Updated with Rep. Don Young and Gov. Parnell’s reactions.) Today BP and ConocoPhillips announced that they’re ending their bid to build a … Denali pulls plug on Alaska gas pipeline UPI.com – ‎May 17, 2011‎ DENALI, Alaska, May 17 (UPI) — Plans for a $35 billion natural-gas pipeline from Alaska to the lower 48 states have been scrapped, the companies backing the project said Tuesday. The Alaska Gas Pipeline had been on the drawing board but the head of … BP, ConocoPhillips scrap Alaska gas pipeline on lack of customer support Platts – ‎May 17, 2011‎ BP and ConocoPhillips have scrapped plans to build their Denali pipeline to move natural gas from Alaska’s North Slope to markets in the US Lower-48, saying Tuesday they were unable to attract enough support from potential shippers to continue with the … Denali says to drop Alaska gas pipe plan London South East – Yereth Rosen, Alden Bentley – ‎May 17, 2011‎ The companies’ joint venture, called Denali, is to wind up operations and withdraw an application with the US Federal Energy Regulatory Commission to build the $35 billion pipeline, according to a statement. ‘Denali is ending its efforts because of a … BP, Conoco spike plans for Alaska natural gas pipeline FuelFix (blog) – Kevin Fujii – ‎May 17, 2011‎ BP and ConocoPhillips said today they are dropping plans to build a natural gas pipeline from Alaska’s North Slope. The project, known as Denali, will stop its work “because of a lack of customer support,” said Denali President Bud Fackrell in a … Company abandoning pipeline project in Alaska DailyFinance – Becky Bohrer – ‎May 17, 2011‎ JUNEAU, Alaska -An Alaskan proposal that set a deadline to prove a major natural gas pipeline project is viable got lost in the legislative shuffle, having taken a backseat to higher majority priorities in the … State-backed Alaska gas pipeline can supply utilities, revive LNG plant Platts – ‎14 hours ago‎ Alaskan state-sponsored efforts to build a gas pipeline to southcentral Alaska could provide gas to utilities there and allow the Kenai LNG plant to resume exports, Mike Chenault, the speaker of the Alaska House of Representatives said Thursday. …

On our Face Book page we posted this notice: "We announced the termination of the Denali project at 10:03 today and took the precaution of copying all of the project’s website news releases for posterity. Thank you, Denali participants, for the important effort and know that the daunting political and financial challenges you faced were not of your making nor within your control. You aquitted yourselves with distinction and grace."

A day later, we posted this Face Book comment: and received some spirited comment:

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  Alaska Energy Dudes and Divas Now that a day has passed, let’s refocus on the real priority: improving state and federal policies enough to attract new, sustainable streams of oil into Alaska’s economic lifeline, TAPS. Denali folks will be just fine; in fact they have intelligently positioned themselves to be courted by TransCanada–if TransCanada can satisfy shipper conditions and produce a viable financing plan.

  Wednesday at 8:04am · Like

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  Steve Barry Why don’t we start an All Alaska Gas Pipeline and terminal at Valdez…. we can hire out the operators!

  Wednesday at 9:53am · Like

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  Alaska Energy Dudes and Divas 

  Who’s ‘we’? If you and your friends have the money and want to take the risk and arrange 20-year take-or-pay contracts with purchasers, get an export and other environmental permits approved, provide the producers with a market price for t…See More

  Wednesday at 2:01pm · Like

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  Steve Barry yeah, good thinking

  Yesterday at 7:52am · Like

Alaska Energy Dudes and Divas You are a great American, Barry, with a love of knowledge and an open mind!

 

Yes…time to not be misled by current events and to remain focused on putting more oil in the pipeline.  That will require an extraordinary effort.  If will be tough, because of a federal administration and powerful allies opposed to doing anything on federal lands.  And, a certain majority of legislators seems unwilling to improve Alaska tax law in such a way that we retreat from our earned reputation: "The highest taxing gas province in the world".

 

-dh