Homer Tribune In a recent ruling, the U.S. Internal Revenue Service determined the Alaska Gasline Development Corp. qualifies as a tax-exempt political subdivision ...
Tax exemption for AGDC Petroleum News As a political subdivision, AGDC will not be subject to federal income tax, the corporation said, and can issue tax-exempt debt. The expectation is that ... AGDC reports progress in attracting interest to gasline Alaskajournal.com Accordingly, AGDC has also set up a data room for potential customers to examine the technical design and environmental information on the project ...
As we end the week: Good News From Petroleum News Alaska BP to expand four Prudhoe Bay pads 08/06/2017 (Trouble viewing this article? Click here) BP Exploration (Alaska) Inc. wants to expand four existing drilling pads at the Prudhoe Bay unit to improve drilling rig access to existing wells at the onshore North Slope unit. In four separate requests in mid-July, the company asked state oil and gas officials for permission to add 0.9 acres to.... Conoco earnings rise 08/06/2017 (Trouble viewing this article? Click here) ConocoPhillips Co. reported adjusted earnings of $167 [...]
MORNING HEADLAMP: A TALE OF TWO WALKERS – BEST OF TIMES, WORST OF TIMES (Please note that this 7:35 p.m., EST version replaces an earlier, unedited draft. -dh) Why Fox News' Initiative To Properly Portray Alaska's Size & Location Is Important To Alaskans ... And, To All Americans Commentary by Dave Harbour Fox's improved North American map more accurately contrasts Alaska's size, position and importance relative to the Lower 48 states. 7-29-17. -dh Caribou on oil industry gravel pad. Being five feet above the mosquito infested [...]
Today President Trump announced to an admiring crowd in Warsaw that Poland should not be dependent upon a single source of energy. As the President leaves Poland for Germany -- and a demanding G-20 summit -- he leaves behind a legacy of warm cooperation. That legacy on the one hand includes Poland's continuing commitment to NATO and on the other hand a US commitment to provide an alternate fuel supply of LNG as well as a missile defence program. See related stories below. -dh (Photo: President Trump in [...]
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 [...]
2017 BP Energy Report - Briefing & Reception - 6-26-17 - Anchorage | World Trade Center Members (BECOME A MEMBER) Mark Finley. Northern Gas Pipelines file photo by Dave Harbour BP's Market Expert Returns to Alaska This Month For Much Anticipated Global Energy Review BP's General Manager of Global Energy Markets, Mark Finley, will be briefing Alaskans again this month on the company's outlook for energy markets. We've attended his appearances over the years and encourage readers to hear Mark's review at one of his appearances. [...]
State open season for AK LNG Project. It’s open season for the Alaska Gasline Development Corp. That’s not to be confused with open... Read More Alaska LNG Project Open Season Observations by Dave Harbour After reviewing the story above, our critical thinking readers will no doubt be wondering if the term "open season" applies to a normal pipeline expansion or new pipeline process conducted by sponsors with shareholder skin in the game vs. the most expensive pipeline/LNG project in history, owned by a fiscally irresponsible state government, administered by temporary bureaucrats, approved/curtailed [...]
From Suzanne Downing's Must Read Alaska: Larry Persily to Alliance: Skeptical on Gasline Larry Persily, chief of staff to Kenai Peninsula Borough Mayor Mike Navarre, spoke to the Alaska Support Industry Alliance on May 11. Persily is a former deputy commissioner of the Department of Revenue and was the coordinator for the Federal Office for Alaska Gas Line Projects. Must Read Alaska asked him for a copy of his speech, which those pondering our state’s massive proposed gasline project may find insightful: Larry Persily. Northern Gas Pipeline file photo by Dave Harbour It’s [...]
Moving the NEB from Calgary to Ottawa Hurts Consumers, Taxpayers and Also Moves Canada Closer to Socialism by Dave Harbour Christiana Figueres, former executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism. “This is the first time in the history of mankind that we are setting ourselves the task of intentionally…to change the economic development model that has been reigning…since the Industrial Revolution,” she said. Moving the [...]
Marleanna Hall, Executive Director, Resource Development Council for Alaska. Northern Gas Pipelines file photo by Dave Harbour Late yesterday we heard from two longtime readers. Carl Portman sent us Marleanna Hall's testimony and his own, on pending oil tax legislation; and, former Attorney General John Havelock sent us a response to our Sunday commentary on government ownership of energy projects. We respect and appreciate the critical thinking of our readers! We appreciate our readers who send important industry data for us to safeguard in our [...]
AGDC shares new plans for LNG pipeline Representatives of the Alaska Gasline Development Corporation were in Nikiski on Wednesday evening to present a state-led pipeline mega-project… See our commentary yesterday, re: Alaska's Socialist LNG Project! Oil prices shrink budget gap, but lawmakers remain far apart The state’s budget problem is shrinking, but it may not be enough to resolve differences between the Senate and House. New projects could add 100K barrels by 2021, but some are questionable Large Alaska oil discoveries announced in the last two years are creating [...]
Alaska LNG Project Update by Ben Boettger, Peninsula Clarion AGDC, a state-owned corporation, was a 25 percent partner in the previous plans to build an approximately 800-mile pipeline to move liquified natural gas (LNG) from the North Slope to an export terminal in Nikiski. After the project’s other partners — oil companies BP, Exxon Mobile, and ConnocoPhillips — decided not to invest in it after an unfavorable economic analysis in September 2016, the state became the sole participant in Dec. 2016. On April 17, AGDC filed an application for the [...]
Yesterday, we advised readers about two upcoming conferences, one in Inuvik, NWT and one in Anchorage. Below, we alert readers to consider several more! -dh Enjoy The Kentucky Derby Spirit With An Alaska Railroad Twist! Alaska's Energy and Minerals Sector Could Interface With Other Constituent Businesses In A Great Atmosphere. Join Us Next Week! -dh On Friday, April 28, 2017, the Anchorage Chamber of Commerce invites our readers to come aboard the Annual Anchorage Chamber Train Ride, held from noon to 4:30 p.m., on the Alaska Railroad passenger train. This [...]
4-13-17 BP Alaska Exploration President Outlines Company’s Alaska Investments In Spite of Low Oil Price Environment
Announcement from Janet L Weiss, President, BP Alaska Exploration, Inc. Janet L. Weiss. Northern Gas Pipelines file photo by Dave Harbour. Last week, BP issued its 2016 Annual Report and the required 20-F form submitted to the US Securities and Exchange Commission. Unfortunately, the 20-F form only tells part of our BP Alaska business story which has caused some confusion and a number of questions that I want to help address. Let me be very clear, the BP Alaska Region did lose money (negative cash flow) [...]