7-6-15 Read and Weep!

By |2016-12-22T22:28:15-09:00July 6th, 2015|Federal Obstruction|

Bloomberg story and video on oil price trends, by Asjylyn Loder and Bradley Olson  READ AND WEEP.  The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue. Now the safety net is going away. The insurance that producers bought before the collapse in oil -- much of which guaranteed minimum prices of $90 a barrel or more -- is expiring. As they do, investors are left to wonder how these companies will [...]

6-22-15

By |2016-03-13T03:54:15-09:00July 6th, 2015|Uncategorized|

Edmonton Journal by Ryan Jackson.  Meet the new boss, in some ways remarkably the same as the old boss. At times, almost word-for-word. With the NDP government’s first throne speech Monday, Premier Rachel Notley began disappointing the party’s core supporters in the environmental community by championing exports of Alberta oil to global markets as part of a Canadian energy strategy.

7-5-15

By |2016-03-13T03:55:05-09:00July 5th, 2015|Arctic Policy|

Petroleum News.  Officials from the Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard have met in Juneau to discuss Arctic oil spill preparedness and the coordination of oil spill incident management strategies, BSEE said June 24. BSEE Alaska Region Director Mark Fesmire and Rear Adm. Dan Abel,....

7-4-15

By |2016-03-13T03:55:05-09:00July 5th, 2015|Federal Obstruction|

Petroleum News.  Gov. Bill Walker said June 29 that the state will join North Dakota and 10 other states in a challenge to the recently finalized “waters of the United States” rule. WOTUS, adopted by the Environmental Protection Agency and the U.S. Army Corps of Engineers, attempts to define what waters are covered....

7-3-15

By |2016-03-13T03:54:46-09:00July 3rd, 2015|Arctic Policy, Federal Progress, OCS|

Petroleum News.  The U.S. Fish and Wildlife Service has issued a letter of authorization, allowing the minor, unintended disturbance of walrus and polar bears during Shell’s planned exploration drilling in the Chukchi Sea this year. Shell has been moving its drilling fleet north in preparation for its drilling progr....

7-2-15

By |2016-03-13T03:54:45-09:00July 2nd, 2015|Uncategorized|

The Settlement Agreement described below is so historical in the annals of American energy that we are preserving the entire content below (with links) in our archives for your future reference.  -dh Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf Coast states. The [...]

7-1-15 Alaska Governor Reneges On Oil Tax Credit

By |2016-03-13T03:54:43-09:00July 1st, 2015|Alaska Taxes, Commentary|

Our Commentary ADN by Pat Forgey.   Alaska Gov. Bill Walker (NGP Photo) announced Tuesday that he had signed state operating and capital budgets, approving $9.8 billion in spending sought by the Legislature but vetoing a possible $200 million worth of controversial oil tax credits.      ... RELATED:  Dispute over oil tax credits plays out in shadow of Alaska's budget deadlock "It is apparent the current oil and gas production tax credit system is unsustainable," Walker said in a letter Monday to Senate President Kevin Meyer, (NGP Photo), telling him of [...]

6-29-15

By |2016-12-22T22:28:15-09:00July 1st, 2015|Uncategorized|

    Calgary Herald TransCanada: Alberta's tougher CO2 rules bolster case for Keystone XL Calgary Herald The Calgary-based pipeline builder outlined its rationale in a letter sent Monday ... In May, Ottawa announced it aims to cut Canada's greenhouse gas ...

6-30-15

By |2016-12-22T22:28:15-09:00June 30th, 2015|Uncategorized|

    Calgary Herald TransCanada: Alberta's tougher CO2 rules bolster case for Keystone XL Calgary Herald The Calgary-based pipeline builder outlined its rationale in a letter sent Monday ... In May, Ottawa announced it aims to cut Canada's greenhouse gas ...

6-26-15 Murkowski Highlights Importance of Alaska’s Energy Resources

By |2016-12-22T22:28:15-09:00June 26th, 2015|Uncategorized|

AJOC.  Jason Walsh has been appointed to lead the State Pipeline Coordinator’s Office, effective June 1. Walsh directs the office tasked with developing and maintaining large-diameter oil and gas pipeline right-of-way leases and lease compliance efforts for multiple pipelines, including the Trans-Alaska Pipeline System.  Murkowski Highlights Importance of Alaska’s Energy Resources Energy Panel Chairman Calls for Upgrade of Nation’s Energy Policies Washington, D.C. – In the final video introducing the Republican members of the Senate Energy and Natural Resources Committee, U.S. Sen. Lisa Murkowski, R-Alaska., calls for an upgrade to our nation’s [...]

6-25-15 Uphill Road For An Alaska LNG Project

By |2016-12-22T22:28:15-09:00June 25th, 2015|Alaska Taxes, Commentary, LNG|

It's An Uphill Road For An Alaska LNG Project Whether most Alaskans appreciate it or not, the best hope for a successful, Alaska LNG project is that Alaska's largest producers support it.  Today, we analyze why that so. by Dave Harbour Alaskans have consistently supported higher taxes on Alaska's oil companies and higher spending on social services -- with some exceptions.   The Alaska tax and spend model is not unlike the model employed nationally, in Washington D.C., except national leaders are capable of spending more than they take in by merely [...]

6-24-15

By |2016-12-22T22:28:15-09:00June 24th, 2015|Fracking|

 Committee on Natural Resources Chairman Rob Bishop commented this morning on a decision by the U.S. District Court of Wyoming to grant a stay of the Bureau of Land Management's (BLM) hydraulic fracturing rule. As a result of the decision, compliance with BLM's rule, which was originally intended to go into effect on June 24th, has been delayed until early August. “This is a rule based on fear not facts that favors Washington bureaucracy over progress and science. The DOE and the EPA have both found fracturing safe yet the propagandist [...]

6-23-15

By |2016-03-13T03:54:15-09:00June 23rd, 2015|Uncategorized|

U.S. Sen. Lisa Murkowski, (NGP Photo), today advanced her efforts to lift the current ban on most U.S. crude oil exports... ...by releasing a report making the case that sanctions on Iranian oil should not be lifted without also lifting the current ban on U.S. crude oil exports. Thereport, Cross-Currents: Iranian Oil and the U.S. Export Ban, connects the dots between Obama Administration statements to support this argument. “We are letting Iran export its oil to markets that we prevent our own companies from accessing,” Murkowski said. “Any deal that lifts sanctions on [...]

6-21-15

By |2016-12-22T22:28:15-09:00June 22nd, 2015|Uncategorized|

    iFreePress.com (blog) Enbridge transfers liquid pipelines business in $30B deal – Business – CBC News iFreePress.com (blog) Enbridge Inc.is planning more investments in Canada's natural gas and power sector as well as pursuing global opportunities after freeing up cash ... Calgary Herald, opinion by Peter Breedyeld.   ... the royalty review should change its focus from getting more dollars per barrel, cubic foot or tonne, to getting fossil fuels out of the ground faster. This means giving royalty discounts to companies that can get new fossil fuel projects up and running faster, and streamlining the approval [...]

6-20-15

By |2016-12-22T22:28:15-09:00June 20th, 2015|Uncategorized|

Fraser Institute.  It’s been a difficult couple of weeks for Kinder Morgan’s proposed expansion of the Trans Mountain pipeline. The Santa Barbara oil spill has irritated already-sensitive public concern about oil pipelines. And as the pipeline’s review before the National Energy Board continues, several new reports commissioned by municipalities and groups in the region have expressed serious concerns about the potential effects of an oil spill. One study found that more than one million birds might be affected by a spill and 100,000 could possibly be killed as a result. Another assertedthat millions [...]

Go to Top