4-21-17 Arctic (And Other Energy) Conferences!

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 [...]

4-20-17 Plan Ahead For Arctic Conferences!

We are sure that our Arctic oil, gas and mining readers will find this conference useful: International Business Conference & Trade Show Sheraton Anchorage Hotel    Alaska's Premier Arctic Business Event Focused Squarely on Trade, Commerce, and Investment in the Region.  Four Ways Your Company Can Participate in  Arctic Ambitions VI Conference & Trade Show    ATTEND THE CONFERENCE This year, the theme of the conference is New Arctic Realities: The Path Forward. With this theme, we will highlight the following areas: transportation, technology and innovation, infrastructure development, natural resource [...]

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) [...]

4-11-17 So who thinks Alaska LNG is competitive today?

From our Aussie energy analyst; more LNG from the Middle East: So, does a new tranche of Quatarian gas make North American LNG less or more competitive?  Regardless of your answer does anyone dispute that Alaskan Arctic LNG, with the liability of financing an 800 mile pipe in the high cost North, will be the last to be financed (i.e. without government subsidy)?  -dh Last week we reported on the Qatari announcement that the No. 1 gas exporting nation (but not quite No. 1 footballing nation) was lifting its [...]

4-7-17 CELEBRATE PRUDHOE BAY’S 4 DECADES OF PRODUCTIVITY!

Nominate an exceptional Alaska oil and gas project, contractor, or individual today! Marilyn Crockett, former President, AOGA. Northern Gas Pipelines file photo by Dave Harbour AOGA President, Kara Moriarty. Northern Gas Pipelines file photo by Dave Harbour AOGA's annual Industry Awards recognize outstanding contributions to the Alaska oil and gas industry in four categories: Contractor of the Year for Safety Performance Award, sponsored by the Alaska Support Industry Alliance Project of the Year Award for Environmental Stewardship and Innovation, sponsored by Stoel Rives Rising Star [...]

4-5-17 Former Alaska Gasline Development Corporation CEO, Dan Fauske, Passed Away Today

   Former Alaska Gasline Development Corporation and Alaska Housing Finance Corporation Chief Executive Officer Dan Fauske passed away today after a courageous battle against cancer.  Our prayers are with his family.  -dh Dan Fauske. Northern Gas Pipelines file photo by Dave Harbour. “Dan Fauske touched the lives of so many Alaskans, first through his work with the North Slope Borough and later as the head of Alaska Housing Finance Corporation and Alaska Gasline Development Corporation. His work helped generate millions of dollars in construction projects and affordable [...]

4-2-17 This Week’s Petroleum News

From Petroleum News Alaska   REI closing down - 04/02/2017 (Full story) Resources Energy Inc., a Japanese company that has been pursuing the potential exporting of liquefied natural gas from the Cook Inlet basin, is closing its Alaska operations. Mary Ann Pease, the company's Alaska vice president, told Petroleum News on March 28 that the company has been unable to secu.... Cook Inlet field shut-in - 04/02/2017 (Full story) In response to a continuing natural gas pipeline leak under Cook Inlet, Hilcorp Alaska has shut in its Middle Ground Shoal oil [...]

By | 2017-04-04T09:32:44+00:00 April 2nd, 2017|Keystone XL, LNG|0 Comments

4-1-17 IT’S APRIL FOOL’S DAY! But the comment below is real.

Alaska Governor Wants Trump to Back LNG Pipeline “Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy.” —Perth, Scotland, 28 May 1948, in Churchill, Europe Unite: Speeches 1947 & 1948 (London: Cassell, 1950), 347. Our commentary:   As an Alaska citizen and federal taxpayer this writer resents and opposes the suggestion by Alaska's governor that public dollars be wasted on his government-owned, socialist LNG pipedream project: in the form of grants, loans or loan guarantees.     Conservatives and liberals alike should be able [...]

3-30-17 Alaska LNG, State Fiscal Crisis, Worldwide Competition, U.S. Congress

U.S. Senator Lisa Murkowski. Northern Gas Pipelines file photo by Dave Harbour TODAY: U.S. Sen. Lisa Murkowski, R-Alaska, thanked her colleagues for their work to develop and report, en bloc and by voice vote, a total of 65 bills from members of both parties.   The committee approved seven bills introduced by Chairman Murkowski, as well as subcommittee assignments for Sen. Luther Strange, R-Ala.  More..., Yesterday, the Department of the Interior (DOI) Secretary Ryan Zinke issued a Secretarial Order to formally end the coal leasing moratorium and [...]

3-29-17 Governor’s Government LNG Marketing Efforts Cost Much, Produced Little to Nothing

If you had a multi-billion dollar private sector project... Courtesy Buzzfeed. ...would you hire a government bureaucracy to do it for you?   Actually, this is what is happening.  The citizens of Alaska elected a lawyer who takes over a private sector project, flies around Asia and the Lower 48 on marketing trips, and continues to operate LNG marketing offices in Japan and Houston while supporting tax increases on the oil industry and presiding over a state that refuses to significantly cut its operating budget while its subsidized budget [...]

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 [...]

3-12-17 Making Sure Our Readers Caught This Late Thursday Piece

If you missed it, please find our LATE Thursday piece on Crony Capitalism in Alaska and Washington right here.... We continue to ask to a non-responding bureaucracy: “Who in his right mind could think a $45 billion gas pipeline/LNG project could go well if it were owned by a non-accountable government of temporarily elected and appointed officials?” Big spending politicians, crony capitalists and related special interests seem to be in control of Alaska’s fate as we close out this week.  

3-7-17 Former Alaska Gas Pipeline Federal Coordinator Describes Governor’s Request For An EXCLUSIVE FRANCHISE To A Bureaucracy-Owned LNG Project

Op-Ed From Former Federal Gas Pipeline Coordinator, Larry Persily.... State signs on to cover costs of FERC contractor for EIS Larry Persily, Northern Gas Pipelines file photo by Dave Harbour By Larry Persily lpersily@kpb.us March 7, 2017   (This update, provided by the Kenai Peninsula Borough mayor’s office, is part of an ongoing effort to help keep the public informed about the Alaska LNG project.) As part of taking over sole responsibility for the Alaska LNG project, the state has signed an agreement to cover the costs [...]

3-3-17 Will Alaska Explore, Develop, Produce or Fold?

Will Alaska Explore, Develop, Produce or Fold? Roger Marks, Senior Oil & Gas Economist. Northern Gas Pipelines file photo by Dave Harbour AOGA President, Kara Moriarty. Northern Gas Pipelines file photo by Dave Harbour Pat Foley. Northern Gas Pipelines file photo by Dave Harbour Join Roger Marks, Kara Moriarty and Pat Foley for a discussion about the newest tax legislation. Click here to register now. Event Invitation Alliance Bi-Monthly Breakfast Speakers:  Roger Marks, Economist Kara Moriarty, President/CEO, AOGA ​Pat Foley, Senior Vice President [...]

By | 2017-03-03T12:36:35+00:00 March 3rd, 2017|Alaska Taxes, Alaska's Fiscal Crisis, Alaskanomics, LNG|0 Comments