Alaskanomics's Blog The 40th Annual Alaska Resources ConferencePosted: 29 Nov 2019 03:37 PM PSTLast week, the Resource Development Council (RDC) hosted its 40th Annual Alaska Resources Conference in Anchorage. The event is the chance for leaders from the tourism, fishery, oil and gas, mining, and forestry industries to come together and share highlights and frustrations from the past year and look forward to the coming year.Overall the presenters and attendees were optimistic about the future of the resources industries in Alaska. There were concerns due to the tariffs being raised on fish, timber, [...]
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 [...]
Dedicated pioneer of Alaska resource education and information, Carl Portman, announces retirement. Petroleum News Alaska, by Kay Cashman. The Resource Development Council for Alaska will lose one of its most valuable employees at the end of June, Deputy Director Carl Portman. Among many other duties, Portman has been responsible for the impressive list of presenters at the association's conference every November. Set to retire June 30 after what will be 39 years with RDC, Portman said he will be leaving after the association’s annual meeting. “I still plan to [...]
11-16-19, NORTHERN ENERGY HISTORY: Exxon’s Important North Slope Position Includes Prudhoe Bay AND Point Tompson!
Producers 2019: Exxon pursuing two fronts Operator’s ultimate goal at North Slope Point Thomson unit is marketing 8 Tcf of natural gas Kay Cashman Petroleum News Caribou on oil industry gravel pad. Five feet above the mosquito infested tundra decreases mosquito caused mortality among spring-born calves. -dh One of the earliest explorers in Alaska and one of the primary working interest owners on the North Slope, ExxonMobil did not embark on the $4 billion Point Thomson development just to produce 10,000 barrels of condensate a day. Production [...]
“BOTAX” Dave Harbour Glen Biegel Lawyer’s oil & gas tax scheme threatens Alaska’s economy (.PDF of this commentary here: Footnote Version & Clean Version like this w/o footnotes.) By Dave Harbour and Glen Biegel First, let’s get some ‘housekeeping’ out of the way on the proposed oil tax initiative. Then we’ll explain why all Alaskans should be concerned. Alaska Lieutenant Governor Kevin Meyer recently certified a voter’s initiative petition application entitled “An Act relating to the oil and gas production tax, tax payments, and tax credits.” Attorney [...]
11/9/19 Fairbanks Utility Wants To Buy LNG Facility But Is The Whole Deal Financially Feasible? We’ve Never Thought So.
Credit: http://www.thedailysheeple.com/the-west-is-on-the-wrong-path_082014 Commentary: With fuel oil prices low and the true cost of serving too few natural gas customers being high -- would enough oil-heated homes convert to gas to make the Interior Energy Project feasible? Gas rates to customers are subsidized, and artificially low. How can the repayment of loans to AIDEA be guaranteed? Meanwhile, the cash-strapped state could be investing the several hundred million going to Fairbanks subsidies for market-based income. That means the rest of the state at a time of budget shortfalls is subsidizing [...]
Governor Dunleavy and First Lady’s Trade Mission to Japan. ENERGY was in the spotlight! November 7, 2019 (Anchorage, AK) – Governor Michael J. Dunleavy and First Lady Rose Dunleavy today returned from their first trade mission to Japan dedicated to promoting Alaska’s abundant natural resources. On Tuesday, November 5, Governor Dunleavy spoke at the Alaska Seafood Marketing Institute Seafood Trade Luncheon to an audience that included representatives from the major seafood companies operating in Japan and Alaska. “Alaska’s fisheries management is the gold standard of sustainability, a model for [...]
Joe Dubler. NGP file photo by Dave Harbour AGDC downsizing function based, Joe Dubler tells House Resources Kristen Nelson, Petroleum News The Alaska Gasline Development Corp. announced a restructuring and downsizing July 10. On July 19, Joe Dubler, AGDC’s interim president, provided a required update to the House Resources Committee. He said changes at AGDC were a “right sizing” of the corporation to meet directions of its board of di.... More here....
State answers FERC questions about Cook Inlet pipeline crossing By Larry Persily email@example.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 [...]
Breakenridge: High gasoline prices in BC could drive a pipeline solution. Calgary Herald. With gasoline prices in B.C.'s Lower Mainland setting record highs, Kenney took to Twitter to declare that “the solution to B.C. soaring gas prices is ... Junior producer cites gas prices, tax bills, court decision as it shuts down. Calgary Herald. ... on low natural gas prices and high lease and property tax bills, along with capacity constraints on TransCanada Corp.'s NGTL gas pipeline system. Public hearing on Bill C-48's oil tanker ban set to begin Edmonton. CBC.ca. Public hearing on Bill C-48's oil tanker ban set to begin Edmonton [...]
Michael J. Dunleavy in Special Dialogue... Dan Yergin, NGP file photo, by Dave Harbour (NARUC). ...with Dr. Daniel Yergin, Vice Chairman IHS Markit 24:19. (Note: Your publisher first met Dr. Yergin in the 1970s when the latter was a rising star in the energy/environmental consulting field.) Report: On Friday, March 22, 2019, Alaska Governor Michael J. Dunleavy addressed a crowded room at the international energy conference known as CERAWeek, an annual gathering in Houston, TX attended by more than 4,500 individuals from over 70 countries and regions. [...]
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. [...]
Nikiski awaits decision on LNG pipeline project location. Homer News. Nikiski awaits decision on LNG pipeline project location ... LNG project — a planned 806-mile pipeline that would carry natural gas from the North ... progress on the Alaska Stand Alone Pipeline has been halted due to the shutdown, ... Dozens stop traffic in downtown Charlottetown for Native Council solidarity rally. CBC.ca. ... of the Wet'suwet'en Nation in northern B.C., who have been protesting the construction of a natural gas pipeline on their traditional territory. "We are ...."
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 [...]
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 [...]