6-17-19 ConocoPhillips Acquires Caelus’ North Slope Nuna Discovery Acreage

ConocoPhillips Signs Agreement with Caelus Natural Resources to Acquire Nuna Discovery Acreage ConocoPhillips Alaska (COPA) today announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100 percent of the Nuna discovery, located just east of the Colville River and approximately five miles southwest of the Oooguruk Field. The Nuna prospect was announced as a discovery in 2012. The purchase includes 11 tracts covering 21,000 acres. Over the next several years, COPA will appraise Nuna with a goal toward making a final investment [...]

4-12-19

Alaska U.S. Senator Lisa Murkowski (NGP Photo by Dave Harbour) Murkowski Welcomes Executive Orders on Energy Infrastructure WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, today issued the following statement after President Trump signed two executive orders prioritizing energy infrastructure and streamlining the permitting process for domestic and cross-border projects “I appreciate the president’s strong commitment to the improvement and modernization of our nation’s energy infrastructure. We need fewer delays, greater predictability in our permitting process, and better coordination among government stakeholders to ensure needed projects can [...]

By |2019-04-11T10:41:36-09:00April 11th, 2019|Alaskanomics|0 Comments

3-18-19 Lest We Forget: Alaska Once Had A Stable Investment Climate!

Correction: in our recent email alert we rightly associated Anchorage property taxpayers with proposed bonded indebtedness but inadvertently associated property taxpayers with a proposed liquor tax.  -dh Lest We Forget: Alaska Once Created Two Decades Of Investment/Tax/Economic/Social Stability Commentary by Dave Harbour TRANS ALASKA PIPELINE SYSTEM (TAPS) Thirty-Eight years ago today, Alaska created what was to be two decades of "quasi"-fiscal stability.  We say, "quasi" because even in the wake of "reform", politicians would continuously be seeking more revenue. But let us begin the story this way.  [...]

2-19-19 Twitter Post et. al.

Energy Wealth & Job Creators Need To Become Advocates of Constitutional Rights...or Lose Everything.  -dh The old idea of tolerance was summed up in such chestnuts as, “I disapprove of what you say, but I will defend to the death your right to say it.” The new dispensation is: “I disapprove of what you say, therefore you may not say it.” Imprimis https://imprimis.hillsdale.edu/shall-defend-common-history/ February 2019 Shall We Defend Our Common History? By Roger Kimball The following is adapted from a talk delivered on board the Crystal Symphony on July [...]

By |2019-02-19T14:47:16-09:00February 19th, 2019|Alaskanomics|0 Comments

2-11-19 Could this be one of the last ANWR hearings? Not likely, But This Is A Big One!

Another ANWR Hearing...TODAY? Don't Get Public Hearing Testimony Fatigue.  Every Hearing Produces A Record.   Decisions That Benefit or Hurt Our Families Are Partly Based On That Record! by Dave Harbour Today in Anchorage the Interior Department will hold what is, hopefully, one of the last hearings dealing with the environmental impact statement preceding the leasing of a small section of the huge Arctic National Wildlife Refuge for oil & gas exploration and perhaps, eventually, development. See the point? Dulles Airport area, within 1.5 million area, within 19.6 million [...]

2-8-19 Alaskans: Prepare for Monday!

Not Just For Alaskans Alert and Commentary: Monday! Joe Balash, Department of the Interior Assistant Secretary for Land and Minerals Management. NGP File Photo by Dave Harbour Alaskans who can should turn out en masse for a federal public hearing on Monday by 1 p.m.!  For years the Alaska legislature, Governors and state organizations like the Interstate Oil & Gas Compact Commission and National Association of Regulatory Utility Commissioners (i.e. IOGCC & NARUC) have been advocating for the environmentally responsible development of a small sliver of the 1002 [...]

1-17-19

Alaskanomics What does the future hold for the Alaska economy? By Mouhcine Guettabi,  The U.S. economy is convincingly in an expansionary phase, and is nearing peak growth rates for the current business cycle. Job creation has been consistently strong for an extended period, and unemployment rates have now returned to pre-recession levels. Recent stock market volatility has ....  MORE HERE Alaska AGDC audit recommends minor changes, additional report forthcoming  Alaskajournal.com.  The misstep occurred when seven invoices from the Bureau of Land Management were charged to the corporation's Alaska LNG Project [...]

1-7-19 FLNG Comment – and – Changing World Fiscal Systems

NGI by Charlie Passut.   Alaska and three Chinese companies have agreed to a six-month extension to negotiate and conclude definitive agreements for a liquefied natural gas (LNG) project in the state, despite an ongoing U.S.-Sino trade war. The Alaska Gasline Development Corp. (AGDC), China's state-owned Sinopec Group, the Bank of China and CIC Capital, a subsidiary of China Investment Corp., agreed to extend the deadline for an agreement until June 30. The four parties (See Footnote) signed a joint development agreement (JDA) in November 2017 to develop the Alaska LNG project, which is [...]

1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years. British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes -- occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below). Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile [...]

12-21-18 Use These Important References to Develop Your Alaska Gasline/LNG THINKING POINTS!

A Readers' Guide to Developing Alaska Gasline/LNG Thinking Points and Policy Conclusions We believe that in fewer than a dozen pages, our critically thinking readers can come to thoughtful logical conclusions re: continuing government ownership and operation of Ak-LNG.  Merry Christmas!  -dh Last Friday's (12-14-18) Summary provides a current view of Ak-LNG ownership risks.  https://tinyurl.com/y8k5xps5 This 11-5-15 review of an Alaska special session dealing with gasline/LNG matters and increased oil taxes provides a good deal of rationale against state ownership, including important reference to unintended results. (https://tinyurl.com/y9samzdt) [...]

12-20-18 More Ak-LNG and Canadian Pipeline Unrest

Be Sure To Flag Last Friday's Omnibus Gas/LNG Review! FERC denies state request for cooperating status in EIS By: Larry Persily For the Journal Post date: Wed, 12/19/2018 - 10:42am Larry Persily. Northern Gas Pipelines photo by Dave Harbour The law doesn’t allow the Alaska Department of Natural Resources to participate as a cooperating agency in the federal environmental impact statement for the state-led Alaska LNG project, U.S. regulators said. The department had promised not to share any information with the project developer, [...]

By |2018-12-20T13:32:16-09:00December 20th, 2018|AGDC, Alaska's Fiscal Crisis, Alaskanomics|0 Comments

12-14-18 A Citizen’s View Of The Two Alaska Gasline-LNG Projects

AK-LNG & ASAP: A Citizen Considers the Risks of Continuing Government Ownership by Dave Harbour How would you cope with the smorgasbord of problems/challenges Mike Dunleavy, assumed upon being sworn in as Alaska's Governor in early December? Alaska Governor Mike Dunleavy Some of the challenges blocking Alaska’s road to economic recovery -- and obscuring its natural beauty -- include: a fiscal crisis and annual budget deficits, billions in state employee unfunded pension liability, the highest unemployment rate in the nation, growing crime, an amazingly burdensome array of [...]

12-11-18 Alaska’s Russian Neighbor On The Other Side Of The Arctic Ocean Is Now Exporting LNG

All About Yamal, Alaska & Competitors Alaska Governor Mike Dunleavy Our consistent opinion throughout these pages is that government undertakes a fool's errand when it shifts its focus from its basic safety & management functions to other shiny objects outside its Constitutional authority. A $40-60 billion Arctic gas/LNG project is challenge enough for several of the largest oil company risk takers in the world.  But trying to own and control such a project -- as Alaska's previous governor tried to do -- is far, far beyond the [...]

11-19-2018

Gasline board approves formation of holding companies Alaskajournal.com Unanimously approved by the AGDC board of directors at its Nov. 8 meeting, 8-Star Alaska LLC provides the state-owned parent corporation with a ... New governor offers hints at Alaska megaproject's future E&E News Speaking at the AGDC board of director's monthly meeting, Meyer talked about the corporation's recent discussions with Federal Energy Regulatory ... With the election over, what's next for the gas line? Anchorage Daily News The dust is settling from the Nov. 6 elections, and many people are wondering whether Gov.-elect Mike Dunleavy will [...]

By |2018-11-19T10:24:20-09:00November 19th, 2018|AGDC, Alaskanomics, Commentary, LNG|0 Comments

9-12-18 Special Commentary For Oil & Gas Decision Makers, Custodians of Shareholder Wealth

FERC approves Kenai Borough as intervenor in Alaska LNG By Larry Persily Sept. 12, 2018 All three Alaska municipalities vying for a multibillion-dollar natural gas liquefaction plant and marine terminal are now intervenors in the federal regulatory process, giving each the legal right to challenge Federal Energy Regulatory Commission (FERC) decisions on the proposed Alaska LNG project. ...  Scroll down for Persily's full story below (Larry Persily, Northern Gas Pipelines photo by Dave Harbour) Our comment: In Alaska only the oil & gas industry must pay a special, state-wide property [...]