Globe & Mail by Nathan Vanderklippe.  Before the end of the year, Husky Energy Inc.(HSE-T25.800.612.42%)will begin preparing 40 kilometres of winter roads through the forests of the western Northwest Territories. Operating just below the Arctic Circle, it will build an ice bridge across the Mackenzie River and clear a landing strip on a frozen lake. By February, it will begin drilling a pair of exploratory wells.   Press Conference Called on In-State Gas Pipeline Speaker Chenault and Others to Address Issue Friday Rep. Mike Chenault  (R-34) Speaker of the House [...]

  "We're not likely over the longterm to displace the most efficient way to move oil, which is going to be pipelines," Canadian Pacific chief executive Fred Green says.  Canada's railways are closely watching their opportunities to transport more of North America's growing volumes of crude oil by rail.  http://www.calgaryherald.com/sees+potential+boom+transporting+rail/5607673/story.html#ixzz1btaOYvGt UPDATED: Subcommittee on Energy and Mineral Resources to Hold Hearing on North American Offshore Energy  WASHINGTON D.C. –On Wednesday, November 2nd, the Subcommittee on Energy and Mineral Resources will hold an oversight hearing on  “North American Offshore Energy: Mexico and [...]

Northrim Bank Report: Alaskanomics.  Alaska's oil production continued to decline in the State's fiscal year 2011 that ended in June.  Statewide production averaged 608,000 barrels per day (bpd), falling 7% from 652,000 bpd in fiscal year 2010.  The peak production was over 2 million bpd in 1988 and has declined continuously over the last two decades.  Alaska dropped below the 1 million bpd mark in 2004.   

 National Ocean Policy Coalition.  The U.S. House Natural Resources Committee has announced that a second full committee oversight hearing on "The President’s New National Ocean Policy - A Plan for Further Restrictions on Ocean, Coastal and Inland Activities" will take place at 10:00 a.m. EST on Wednesday, October 26 in 1324 Longworth House Office Building.  According to the Committee, the hearing will "feature testimony from Administration officials and impacted industries on President Obama's Executive Order 13547 that established a new National Ocean Policy and Council that could severely restrict the recreational and commercial uses of our oceans."  The hearing will be [...]