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So far Dave Harbour has created 2145 blog entries.

10-8-15 Is Alaska LNG Project Risk Understated? Should Government Take The Risk?

Between an overreaching governor who seems intent on commanding if not socializing Alaska's energy industry, and a President who seems intent on crippling if not shutting down Alaska's energy industry freedom is threatened on America's Last Frontier.  Today we explore why this is so.  -dh To our hundreds of Canadian readers: We apologize for the lack of news directly affecting you today; but we must focus on an Alaska Governor who exhibits a certain hubris impacting both the energy industry and Alaska's future.  You may find object lessons which also apply on [...]

10-8-15 Native Corporation Aggressively Explores Interior Alaska

Quote of the day from our Aussie O&G analyst friend: ...from an anonymous letter circulating in Saudi Arabia, said to be written by an unhappy faction of princes: “We will not be able to stop the draining of money, the political adolescence, and the military risks unless we change the methods of decision making, even if that implied changing the king himself.”  (Our Note: between this, Amerca's poor leadership and Russia's Mid-East adventure, oil and gas prices may not be in a week what we believe they will be today.  -dh) Today: [...]

10-7-15 Enbridge Commits Cash

Calgary Herald by Bloomberg's Jeremy Van Bloom.   Enbridge Inc., Canada’s largest oil pipeline operator, plans to spend $38 billion through 2019 on new projects including liquids and natural gas lines, as well as power generation and gas processing, chief executive Al Monaco said. “We have so many opportunities, but many come with a higher degree of risk,” he said during an presentation to investors Wednesday in Toronto. Enbridge’s previous spending plan lasted from 2014 to 2018 and had $44 billion of projects. Enbridge is focusing on expanding “low-cost, incremental” [...]

By |2016-03-13T03:45:15-09:00October 7th, 2015|Uncategorized|0 Comments

10-7-15 Natural Gas Prices Likely To Remain Depressed Through Q2, 2016

Juneau Empire by Elwood Brehmer.  Gov. Bill Walker’s proposal to increase the state’s share in the Alaska LNG Project could put Alaska on the hook for more than $14 billion....   Alaska Natural Resources Department Reserves Stream Water For Environmental Activists -- For The First Time!     Is EPA A Lawless Agency? We are sorry to hear today that our friend and former Alaskan, FERC Commissioner Phil Moeller, will be leaving the agency at the end of this month.  However, FERC's loss, in our opinion, will be another organization's gain. [...]

10-6-15 Alaska Project Targeted By Rogue EPA

Here is a piece we have posted in the last 24 hours on our NGP Facebook and Twitter pages re: Alaska's economic future. Today's Wall Street Journal Editorial: "A new report takes apart the EPA’s veto of a mining project" (Thanks for the tip, Dan Kish.)     In an accompanying piece the WSJ notes: Our columnist Bret Stephens writes that at the President’s Friday press conference, Mr. Obama described alternatives to his Syria policy as “mumbo-jumbo,” “half-baked ideas,” and “as-if” solutions. “So it is with this president. It’s not enough for him to stake and defend his [...]

10-5-15 Shell’s Plan And An Exchange of Emails With Our Aussie Friend

Shell’s Alaskan oil plan makes long-term sense amid questions over shale’s longevity The National, by Steven Kopits.  Shell announced this week that it was abandoning efforts to develop oil from the Alaska’s outer continental shelf (OCS). Faithful readers may wish to review related personal correspondence from last night with our esteemed Aussie oil and gas analyst, here. Our equally esteemed Mid-Atlantic oil and gas analyst friend adds this note today that should be an even stronger signal to Alaska's Governor Bill Walker. And, what is that signal?  The note signals [...]

By |2016-12-22T22:28:00-09:00October 5th, 2015|Alaska Taxes, Interstate Gas, LNG|0 Comments

10-4-15

Petroleum News.  Fugro has been awarded a large geotechnical and geophysical program by ExxonMobil Alaska LNG LLC, AKLNG - a consortium of ExxonMobil, ConocoPhillips, BP, TransCanada and the state of Alaska. The 2015 G&G program follows successful completion of a similar but smaller program carried out by Fugro in 2014.  More....

By |2016-03-13T03:45:01-09:00October 4th, 2015|Interstate Gas, LNG|0 Comments

10-3-15 News Miner Timeline of Gas Projects

Should Alaska Own More Of Its Oil Industry? A timeline of Alaska gas efforts Archive Update Faithful readers know we are dedicated to building and maintaining the most thorough archive existing anywhere, documenting the history of Alaska and Northern Canadian natural gas monetization efforts. Herb Butler's contribution today helps bring us to the current era. However, we provide here for your reference, links to the long and more detailed history of Alaska and Canadian northern gas pipeline and LNG projects.   -dh We are indebted to Herb Butler and the Fairbanks [...]

10-2-15

Liberal Alberta Premier Distorts Environmental Facts Petroleum News Re: Shell Departure BC Risks losing more than C$20 billion a year in LNG export revenues Alaska State and US Federal Lease Sale Date Set: November 18 More to come....  

By |2016-12-22T22:28:00-09:00October 2nd, 2015|Uncategorized|0 Comments

10-1-15 Comment TODAY On Hilcorp’s Liberty Prospect Plan

BOEM Seeks Public Comment on Hilcorp's Liberty Prospect Development and Production Plan NGP Readers, please comment on Hilcorp’s Liberty DPP.  The DPP can be viewed at: http://www.boem.gov/Hilcorp-Liberty/.​  -dh ANCHORAGE, Alaska: Bureau of Ocean Energy Management (BOEM) announcement: A Development and Production Plan (DPP) received from Hilcorp Alaska, LLC (Hilcorp) relating to oil and gas development on the Liberty Prospect was deemed “submitted,” – or deemed complete to move forward in the government’s review process – initiating a 60-day period for the public to review and comment on the DPP. This announcement does not mean that [...]

By |2016-12-22T22:28:00-09:00October 1st, 2015|Arctic Policy, Federal Progress|0 Comments

9-30-15 Natural Gas Reserves Tax: Governor Walker’s Brilliant Strategy For Encouraging Industry Investment in Alaska

Natural Gas Reserves Tax: Governor Bill Walker's 'Brilliant Strategy' For Encouraging Industry Investment in Alaska by Dave Harbour Governor Bill Walker (NGP Photo) has spent a career and millions of OPM (i.e. other people's money) dollars on Quixotic wanderings around the world in failed attempts to make his infeasible visions of an Alaska LNG project economically viable. Today, our Aussie oil & gas analyst friend's comments apply to this commentary as he addresses Shell's Alaska OCS exit and LNG competition. See today's comment by our Mid-Atlantic analyst friend on Shell's departure and an earlier, expensive, [...]

By |2016-12-22T22:28:00-09:00September 30th, 2015|Alaska Taxes, Arctic Policy, Commentary, OCS|0 Comments

9-29-15 More Fallout Follows Shell’s Withdrawal From Alaska’s OCS Potential

See more of yesterday's reports and reactions from U.S. Senator Lisa Murkowski (NGP Photo), various news sources yesterday, more sources today, and our commentary. Here is Tuesday's Early Report... ...in wake of Shell's announcement yesterday that after $7 billion invested and over a half decade of delay and disruption mostly caused by America's government, it is withdrawing from Arctic OCS exploration.  See statements (below) by Governor Walker, Alaska Oil and Gas Association, Consumer Energy Alliance, Congressman Don Young (NGP Photo) and American Energy Alliance.  (Search our archives for many other Shell Oil [...]

9-28-15 Supplement: Clarification of AGDC Mission

FOR IMMEDIATE RELEASE Contact: Miles Baker, VP External Affairs & Government Relations (907) 321-8650 AGDC Clarifies Status of ASAP Project Federal Environmental Work on In-State Gasline Project Ongoing September 28, 2015 Anchorage, AK – The Alaska Gasline Development Corporation (AGDC) released a statement today clarifying the status of the Alaska Stand Alone Pipeline (ASAP) project. In the last few days, several media outlets have incorrectly reported that the corporation’s board of directors took action to suspend work on the ASAP project during their September 23rd meeting in Anchorage. In a prepared statement, [...]

9-28-15 Shell Abandons Alaska Arctic Exploration

See Our Aussie Energy Expert's Current View On Alaska's Energy 'Leadership' See Senator Lisa Murkowski's Reaction To Shell's Announcement ADN/AP Shell Announcement by Dan Joling/Yereth Rosen Our Commentary On Shell's Alaskan Arctic OCS Exit With Alaska's "Plan B" failing what's wrong with relying again on "Plan A"? by Dave Harbour Alaskans will be seriously questioning the future of their state when they wake up and read the news this morning. This is because Alaska is more than any other North American state or province dependent on oil production and production is down, down, down.   Alaska [...]

9-27-15 “Is Alaska Its Own Worst Enemy?”

Oil Price by Nick Cunningham.  ... ExxonMobil’s CEO Rex Tillerson didn’t mince words in a recent interview with the Energy Intelligence Group. “I have a long history with this, and I always tell every governor of Alaska, ‘You are not waiting on us. You are waiting on you,’” he told the Energy Intelligence Group, as reported by The Alaska Journal of Commerce. “And every governor that comes in decides they’ve got a different way of doing this, which is why it never happens. You can’t take a project that is [...]

By |2016-03-13T03:56:30-09:00September 28th, 2015|Alaska Taxes, LNG|0 Comments
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