10-8-15 Is Alaska LNG Project Risk Understated? Should Government Take The Risk?

Between an overreaching governor who seems intent on commanding if not socializing Alaska's energy industry, and a President who seems intent on crippling if not shutting down Alaska's energy industry freedom is threatened on America's Last Frontier.  Today we explore why this is so.  -dh To our hundreds of Canadian readers: We apologize for the lack of news directly affecting you today; but we must focus on an Alaska Governor who exhibits a certain hubris impacting both the energy industry and Alaska's future.  You may find object lessons which also apply on [...]

10-8-15 Native Corporation Aggressively Explores Interior Alaska

Quote of the day from our Aussie O&G analyst friend: ...from an anonymous letter circulating in Saudi Arabia, said to be written by an unhappy faction of princes: “We will not be able to stop the draining of money, the political adolescence, and the military risks unless we change the methods of decision making, even if that implied changing the king himself.”  (Our Note: between this, Amerca's poor leadership and Russia's Mid-East adventure, oil and gas prices may not be in a week what we believe they will be today.  -dh) Today: [...]

10-7-15 Natural Gas Prices Likely To Remain Depressed Through Q2, 2016

Juneau Empire by Elwood Brehmer.  Gov. Bill Walker’s proposal to increase the state’s share in the Alaska LNG Project could put Alaska on the hook for more than $14 billion....   Alaska Natural Resources Department Reserves Stream Water For Environmental Activists -- For The First Time!     Is EPA A Lawless Agency? We are sorry to hear today that our friend and former Alaskan, FERC Commissioner Phil Moeller, will be leaving the agency at the end of this month.  However, FERC's loss, in our opinion, will be another organization's gain. [...]

10-3-15 News Miner Timeline of Gas Projects

Should Alaska Own More Of Its Oil Industry? A timeline of Alaska gas efforts Archive Update Faithful readers know we are dedicated to building and maintaining the most thorough archive existing anywhere, documenting the history of Alaska and Northern Canadian natural gas monetization efforts. Herb Butler's contribution today helps bring us to the current era. However, we provide here for your reference, links to the long and more detailed history of Alaska and Canadian northern gas pipeline and LNG projects.   -dh We are indebted to Herb Butler and the Fairbanks [...]

9-28-15 Supplement: Clarification of AGDC Mission

FOR IMMEDIATE RELEASE Contact: Miles Baker, VP External Affairs & Government Relations (907) 321-8650 AGDC Clarifies Status of ASAP Project Federal Environmental Work on In-State Gasline Project Ongoing September 28, 2015 Anchorage, AK – The Alaska Gasline Development Corporation (AGDC) released a statement today clarifying the status of the Alaska Stand Alone Pipeline (ASAP) project. In the last few days, several media outlets have incorrectly reported that the corporation’s board of directors took action to suspend work on the ASAP project during their September 23rd meeting in Anchorage. In a prepared statement, [...]

9-24-15 Big TransCanada Layoffs Announced – Alaska Gas Project Agrees to Property Taxes

You'll love this Blog by our Aussie friend; try it here. Suncor (TSX:SU), Canada's largest energy company, boosted its stake in the Fort Hills oil sands project​ ADN by Pat Forgey.  The big oil companies that plan to produce and ship North Slope natural gas have agreed to pay $16.5 billion in property taxes on the huge project, but they'll pay them to the state instead of local governments, Revenue Commissioner Randy Hoffbeck said Wednesday. Financial Post: TransCanada layoffs.   “This past Monday, employees were informed of organizational changes being implemented over [...]

By |2016-12-22T22:28:01-09:00September 24th, 2015|Alaska Taxes, Interstate Gas, Intrastate Gas, LNG|0 Comments

9-22-15 BP’s US and Alaska Economic Reports

See BP's 2015 $135 billion US Economic Impact and Its Alaska Economic Report (Supporting over 24k jobs) Our Commentary Calgary Herald.       Cagary Herald End of year deadline for review of Alberta Energy Regulator, says minister ADN by Pat Forgy.   The North Slope Borough has become fabulously wealthy from taxes on the oil industry and its massive Prudhoe Bay infrastructure.   More.... Reader Commentary by Our Mid-Atlantic Energy Senior Consultant Friend (Reference this Fuel Fix Story by Collin Eaton) Our Commentary While Alaska producers are poised to finance and build a gas pipeline/LNG export [...]

9-21-15

Governor Bill Walker (NGP Photo) wrapped up his final day of meetings to discuss Alaska’s liquefied natural gas potential to prospective customers in Japan.  More from Office of the Governor. ADN Op-Ed by Paul Jenkins.  ... While Gov. Bill Walker was off doing whatever he was doing last week in Japan -- ostensibly trying to peddle Alaska liquefied natural gas he does not own -- he left a fuse smoldering here.  ...  Walker has a penchant for tossing monkey wrenches. He wanted to expand the $10 billion Alaska Stand Alone Pipeline [...]

By |2016-12-22T22:28:01-09:00September 21st, 2015|Interstate Gas, Intrastate Gas, LNG|0 Comments

9-14-15 LNG Prospects Fading

See Sunday's TAPS Pioneer Op-Ed by Dave Haugen (NGP Photo-L) *     *    * Anchodrage Daily Planet, "Dealing with a $3.5 billion deficit", by Tom Brennan (NGP Photo) ALASKAN PIPE & LNG POLITICS / ECONOMICS.  ADN.  In a tense marathon meeting that one lawmaker likened to an “inquisition,” Republican legislators blasted the state’s gas line team after learning that a lack of agreement between the state and its partners in the massive Alaska LNG project may preclude a special session this fall, possibly leading to costly delays.    CANADIAN PIPE & LNG [...]

8-25-15 Here Is An Alaska LNG “Wake Up Call” From LNG Expert Ray Latchem

An Expert Speaks: "Alaska's In-State LNG Project" We Urge All Alaskans To Read The In State Natural Gas Opinion Piece Below; It Is Written By One of America's (and Alaska's) Most Experienced Community LNG Operators.  (Normally, we are addressing Alaska's gas export project: Ak-LNG.  Today, we look at an Alaska intrastate project.)  Vancouver Sun by Vaughn Palmer.  Louisiana beats British Columbia and Alaska on LNG Export Projects We do not support a government subsidized natural gas utility and believe the model being employed by Alaska to serve Fairbanks is deeply flawed [...]

By |2016-12-22T22:28:02-09:00August 25th, 2015|Intrastate Gas, LNG, Reader Comment|0 Comments

8-21-15

Petroleum News: Russian moves highlight Arctic concerns  08/23/2015 (Trouble viewing this article? Click here)  U.S. Sen. Dan Sullivan (NGP Photo) said the Russians are looking to militarize the Arctic, making it all the more important for the U.S. to have a broad Arctic strategy that includes having sufficient troops based in Alaska. Sullivan said Aug. 17 that’s why he has been critical of proposed troop reductions in.... Petroleum News: AGDC board elects officers and gets estimates of off-take facilities costs  08/23/2015 (Trouble viewing this article? Click here)  The Alaska Gasline Development Corp. board of directors met Aug. 13, elected officers, [...]

By |2016-12-22T22:28:03-09:00August 21st, 2015|Intrastate Gas, LNG|0 Comments

8-20-15

Please note our June 25 commentary on competitiveness.   Then, bookmark our April 17 commentary.  -dh Comment: Critical reading of today's events below demonstrates some good news in the form of COP's new drilling at its CD5 property on the Alaska North Slope (ANS).  Then, we note from our Australian and Ohio analysts the increased difficulty faced by an ANS gas transportation project in a low energy price, high production environment.   ALASKA DECISION MAKERS: Does this not mean Alaska must become even more competitive to market its natural resources, not [...]

8-14-15

Gas offers have come in - 08/16/2015 (Full story) Petroleum News by Alan Bailey.  The Interior Energy Project, an Alaska Industrial Development and Export Authority initiative to bring affordable energy to Fairbanks and the Alaska Interior, has passed a couple of milestones, as the project team assesses bids for the supply of gas from the Cook Inlet basin and proposals for the sh....   (Comment: We remain wary about the reality of Walker Administration efforts to block a free enterprise sale of LNG facilities so that politicians can force feed natural gas [...]

By |2016-03-13T03:55:07-09:00August 14th, 2015|Alaska Taxes, Intrastate Gas, LNG|0 Comments

8-13-15 Doyon To Drill Tanana Basin

Fairbanks News Miner.  Doyon, Limited announced plans to drill a third well in the Nenana basin in summer 2016. The wells are a continuation of oil and gas exploration that began in 2005, Doyon President and CEO Aaron Schutt (NGP Photo) said. The new well will be called Toghotthele No. 1. It follows Doyon's successful 3D seismic program in 2014, which identified several potential drill sites in the 32,000-acre area about 50 miles west of Fairbanks.  "We are very excited to begin the next phase of our exploration program," Schutt said  (More....) [...]

By |2016-12-22T22:28:03-09:00August 14th, 2015|Interstate Gas, Intrastate Gas|0 Comments

8-6-15

  Comment: Alaskans beware.   To the extent that the Walker administration socializes industry in Alaska, to that extent will free enterprise forces be replaced with political forces.   With a Municipally regulated (i.e. political appointees, Mayor and Assembly become regulators) natural gas utility supported by a subsidized state agency controlled by the Governor corruption of public utility regulation in Fairbanks is inevitable.   -Dave Harbour, former Chairman, Regulatory Commission of Alaska. ADN by Alex DeMarban.  The state attorney general has rejected an effort by a Hilcorp subsidiary to acquire an LNG [...]

By |2016-12-22T22:28:03-09:00August 6th, 2015|Commentary, Intrastate Gas, LNG|0 Comments
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