5-27-20 Why An Alaska North Slope Gas Pipeline Is Infeasible. Is the Recovery of Oil Demand and Pricing Real?

Current Petroleum News Headlines Alyeska oil prorations now at 95% inventory; supply chain clearing - 05/24/2020 (Full story) Alyeska Pipeline Service Co. has adjusted oil flow prorations on the trans-Alaska pipeline system to a 95% proration as of May 15, up from an 85% proration in place earlier in May. “At TAPS, we're confident the supply chain has stabilized,” We're ramping back up and as of last Friday are back to saf.... Oil Patch bits: New features added to Lynden's mobile app - 05/24/2020 (Login to read Full story) As reported by Lynden News May [...]

4-15-20 Alaska Joins Other States/Canadian Provinces In Shouldering Double Whammy: CCPVirus + Oil Price Collapse

Please find this MOST INFORMATIVE oil and gas presentation on current status of the industry by Canary, LLC CEO Dan K. Eberhart (@dankeberhart), delivered to members of the Alaska Support Industry Alliance on April 9. Double bonus: Here's Dan's current take on the Texas RRC consideration of ordering production cuts vs. free market forces...followed by this Yahoo report on the result of the hearing (i.e. a difficult decision for the 3 commissioners). -dh Must Read Alaska: Fradulent Oil Tax Initiative Signatures?! Has it ever been tougher for the state's [...]

4-9-20 A Revealing Look At The Status Of TODAY’S Oil & Gas Industry!

Below are the speaker's notes from an online presentation delivered today to members of the Alaska Support Industry Alliance.  Their thousands of employees of some 400 employers provide the muscle enabling the enormous oil, gas and mining production in America's largest -- and sole -- Arctic state. Alaska Support Industry Alliance Webinar Briefing For Members By Dan K. Eberhart, Canary LLC (Photo) (Twitter account contact: @dankeberhart) Whatever happened to “In like a lion, out like a lamb?” March has been a month many of us would rather forget. The twin [...]

1-20-2020 RCA Rejects Hilcorp-BP Filing And Orders A Hearing – Climate Change: What Do You Believe?

Kids' climate change lawsuit tossed out by federal appeals court Publisher's note: Don't forget that the UN Climate Chief admitted that the goal of  the Climate Change movement is not to save the environment, but TO KILL CAPITALISM!  Lest we forget.  -dh WATCH: The 'Greta' of Climate Realism We met this amazing young lady in Madrid at COP25 last week. Just 19 years old, Naomi Seibt is drawing comparisons to Greta Thunberg. But other than their shared youth, there is really no comparison. Instead of being used by the adults [...]

11-22-19 CeraWeek In Houston. Why Go?

Q.  Why should our readers attend CeraWeek in Houston? Dan Yergin, NGP file photo, by Dave Harbour (NARUC). A.  Because our old friend from Arctic Gas days in the '70s, Daniel Yergin, invites us to the most important energy conference of the year! (Note: Daniel Yergin, Vice Chairman IHS Markit, CERAWeek Chairman and James Rosenfield, Senior Vice President, IHS Markit, CERAWeek Founder & Co-Chairman, co-host CERAWeek.) Waves of Change: Charting the Energy Future Energy Secretary Rick Perry. NGP file Photo by Dave Harbour Strategic confrontation and fractious geopolitics, disruptive [...]

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 [...]

6-4-19 Alaska Gas Project Update

State answers FERC questions about Cook Inlet pipeline crossing  By Larry Persily paper@alaskan.com June 4, 2019 Larry Persily, former Alaska gas pipeline federal coordinator. NGP Photo by Dave Harbour. The state-led gas line development team has told federal regulators it is confident the Alaska LNG project’s steel pipeline could withstand Cook Inlet’s strong currents, shifting seabed and traveling boulders along the 29-mile underwater route to the gas liquefaction plant in Nikiski, on the Kenai Peninsula. The water-crossing information is among the remaining batches of answers the Alaska Gasline [...]

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.  [...]

2-11-19 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 [...]

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) [...]

5-17-18 Support National Petroleum Reserve – Alaska Energy TODAY!

National Petroleum Reserve Alaska Deadline TODAY! Our friends with Resource Development Council for Alaska remind us of today's deadline for commenting on another outstanding petroleum reserve project. (Read Full Alert.  See RDC's submitted comment letter here) We join RDC in commenting and urging our readers to do the same: The comment deadline for the Greater Mooses Tooth 2 (GMT2) project in the National Petroleum Reserve-Alaska is today. ConocoPhillips Alaska submitted an application to move forward with the project in August 2015. The comment period pertains to a Draft Supplemental Environmental [...]

10-23-17 “Beware the Greeks (i.e. or Russians or Chinese) bearing gifts (i.e. Trojan Horses)!”

Is any citizen uncomfortable with these headlines?  Good.  There is reason for concern! Governor Pitches Alaska Natural Gas to Chinese Sovereign Wealth Fund - Chinese President Makes Pit Stop in Alaska on Return to China - Alaska expects stronger engagement with China on gas ... - YouTube - Alaska Natural Gas International Deliveries to China (Million Cubic Feet) “Beware the Greeks (i.e. or Russians or Chinese) bearing gifts (i.e. Trojan Horses)!" Observations by Dave Harbour Alaska-Ecuador Flag Pin Rafael Correa, courtesy, Wikipedia Now look what happened to Ecuador under socialist [...]

6-26-17 More Detail On BP’s Global Energy Review

Continued Today From Our 6-19-17 Posting: BP’s Global Energy Review Damian Bilbao, BP Alaska Exploration, Inc., Global Energy Review 2017 Stay tuned for more on Damian Bilbao's presentations yesterday to the Anchorage Chamber of Commerce and the World Trade Center-Anchorage on BP's Statistical Review.    -dh Energy markets in transition: BP Statistical Review shows long-term shifts underway Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use  Carbon [...]

6-1-17 Commentary: Yesterday Was A Historical Milepost In Alaska’s History!

Here's Why Yesterday Was A Historical Milepost For Alaska by Dave Harbour Interior Secretary Ryan Zinke with U.S. Senator Lisa Murkowski and Governor Bill Walker. Northern Gas Pipelines file photo by Dave Harbour. Anchorage press conference, 5-31-17. Yesterday,  Interior Secretary Ryan Zinke wrapped up a trip to study Arctic resources with a historical speech in Anchorage delivered at the 40th Anniversary conference of the Alaska Oil & Gas Association.  Zinke had been touring Norway, Greenland and Alaska with U.S. Senator Lisa Murkowski, and Senators John Barrasso, John Cornyn, Steve [...]

3-21-17 Economist Roger Marks Fact Checks Lawyer’s “Fair Share” Cliché (UPDATE)

Calgary Herald by Javier Blax.   Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp., are jumping into American shale with gusto, planning to spend a combined $10 billion this year, up from next to nothing only a few years ago.  (Many Alaskan and Alberta elected officials -- obviously -- have no concept of the principle of worldwide competition for attracting natural resource investment dollars.  -dh) Critical Thinking The end of the Alaska Legislature's 2017, third trimester approaches.  The socialist-leaning House majority has cut off debate on their [...]