9-30-15 Natural Gas Reserves Tax: Governor Walker’s Brilliant Strategy For Encouraging Industry Investment in Alaska

Natural Gas Reserves Tax: Governor Bill Walker's 'Brilliant Strategy' For Encouraging Industry Investment in Alaska by Dave Harbour Governor Bill Walker (NGP Photo) has spent a career and millions of OPM (i.e. other people's money) dollars on Quixotic wanderings around the world in failed attempts to make his infeasible visions of an Alaska LNG project economically viable. Today, our Aussie oil & gas analyst friend's comments apply to this commentary as he addresses Shell's Alaska OCS exit and LNG competition. See today's comment by our Mid-Atlantic analyst friend on Shell's departure and an earlier, expensive, [...]

By |2016-12-22T22:28:00-09:00September 30th, 2015|Alaska Taxes, Arctic Policy, Commentary, OCS|0 Comments
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9-29-15 More Fallout Follows Shell’s Withdrawal From Alaska’s OCS Potential

See more of yesterday's reports and reactions from U.S. Senator Lisa Murkowski (NGP Photo), various news sources yesterday, more sources today, and our commentary. Here is Tuesday's Early Report... ...in wake of Shell's announcement yesterday that after $7 billion invested and over a half decade of delay and disruption mostly caused by America's government, it is withdrawing from Arctic OCS exploration.  See statements (below) by Governor Walker, Alaska Oil and Gas Association, Consumer Energy Alliance, Congressman Don Young (NGP Photo) and American Energy Alliance.  (Search our archives for many other Shell Oil [...]

By |2017-10-10T15:20:33-09:00September 29th, 2015|Alaska Taxes, ANWR, Arctic Policy, Coastal Management, Commentary, Federal Obstruction, LNG, Notes From the Road, Ocean Policy, OCS, Rule Of Law, You Read It Here First|0 Comments
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9-28-15 Shell Abandons Alaska Arctic Exploration

See Our Aussie Energy Expert's Current View On Alaska's Energy 'Leadership' See Senator Lisa Murkowski's Reaction To Shell's Announcement ADN/AP Shell Announcement by Dan Joling/Yereth Rosen Our Commentary On Shell's Alaskan Arctic OCS Exit With Alaska's "Plan B" failing what's wrong with relying again on "Plan A"? by Dave Harbour Alaskans will be seriously questioning the future of their state when they wake up and read the news this morning. This is because Alaska is more than any other North American state or province dependent on oil production and production is down, down, down.   Alaska [...]

By |2016-12-22T22:28:00-09:00September 28th, 2015|Alaska Taxes, Arctic Policy, Federal Obstruction, Interstate Gas, OCS, You Read It Here First|0 Comments
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7-30-15 Murkowski’s Senate Energy Committee Votes to Lift Crude Export Ban and Allow State OCS Revenue Sharing

TONIGHT: YOU READ IT HERE FIRST! The Senate Energy and Natural Resources Committee passed major bills Thursday on lifting the crude oil export ban and its broad energy package. The oil export bill would also increase offshore drilling and provide revenue sharing for neighboring states. It passed 12-10, along party lines. "It's the result of collaborative efforts by members of this committee to boost offshore development, allow revenue sharing for coastal producing states and lift the outdated ban on crude exports," Sen. Lisa Murkowski (R-Alaska), chairwoman of the panel, said of the [...]

By |2016-12-22T22:28:04-09:00July 31st, 2015|Federal Progress, OCS, You Read It Here First|0 Comments
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7-27-15

Petroleum News by Alan Bailey (NGP Photo).  On July 22 the federal Bureau of Safety and Environmental Enforcement issued permits allowing Shell to drill the top hole sections of two wells in the Burger prospect in the Chukchi Sea. Shell now has all of the permits that it needs to start drilling.  However, BSEE is prohibiting Shell from drilling into hydrocarbon bearing zones until....

By |2016-03-13T03:54:46-09:00July 27th, 2015|Arctic Policy, Federal Obstruction, Federal Progress, OCS|0 Comments
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7-23-15

U.S. Sen. Lisa Murkowski, (NGP Photo), yesterday issued the following response to the Interior Department’s approval of two conditional permits to Shell to resume its exploratory drilling in Alaska’s Chukchi Sea: “Today’s approval by the Department of Interior of the permits Shell needs to resume drilling in the Chukchi Sea is good news for Alaska and our country. However, it is not the final regulatory hurdle Shell faces and it is important that the agencies continue to work in good faith and in a timely fashion to complete the remaining [...]

By |2016-12-22T22:28:13-09:00July 23rd, 2015|Arctic Policy, Federal Progress, OCS|0 Comments
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7-13-15

ADN/AP by Dan Joling.  ... Royal Dutch Shell PLC 's drilling schedule for two exploratory wells this summer in the Chukchi Sea off Alaska's northwest coast, however, shouldn't be delayed by maintenance work on the 380-foot icebreaker Fennica, spokesman Curtis Smith said Monday. Meanwhile, as the Iran negotiations continue to be extended, please note yesterday's commentary.  -dh

By |2016-03-13T03:54:44-09:00July 13th, 2015|Arctic Policy, OCS|0 Comments
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7-3-15

Petroleum News.  The U.S. Fish and Wildlife Service has issued a letter of authorization, allowing the minor, unintended disturbance of walrus and polar bears during Shell’s planned exploration drilling in the Chukchi Sea this year. Shell has been moving its drilling fleet north in preparation for its drilling progr....

By |2016-03-13T03:54:46-09:00July 3rd, 2015|Arctic Policy, Federal Progress, OCS|0 Comments
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6-11-15

  Tomorrow....     Commentator Thorpe Watson advises us to get ready for a medieval lifestyle.  This morning he emails us that: The G7 countries have declared war on hydrocarbon fuels (aka “fossil fuels”).    They have pledged to end the production and use of coal, oil, and gas by 2100. (The Telegraph  9 June 2015 “G7 pledges to end fossil fuel use this century”).   In other words, it is a pledge to commit economic suicide and to make us more vulnerable to natural climate change. It is a bleak [...]

By |2016-12-22T22:28:16-09:00June 11th, 2015|Arctic Policy, OCS, Reader Comment, You Read It Here First|0 Comments
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4-13-15

Juneau Empire/AP by Mark Thiessen.  The federal government began the review process Friday on Royal Dutch Shell’s plans to continue a drilling program it halted in 2012 in Arctic waters off Alaska’s northern shore. Today's relevant energy links from Consumer Energy Alliance:  Carteret County News-Times: Hearing focuses on seismic testing (working story) The N.C. Department of Environment and Natural Resources has heard from a variety of people on proposals to conduct seismic surveys off the coast of North Carolina. Seismic surveys are a method of searching for offshore oil and gas deposits. [...]

By |2016-12-22T22:28:23-09:00April 13th, 2015|OCS|0 Comments
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4-2-15 On The Road

Governor Bill Walker today stated his support of two recent announcements on Arctic offshore oil and gas exploration. On Tues., March 31, the U.S. Department of Interior issued a Record of Decisionaffirming Chukchi Sea OCS Oil and Gas Lease Sale 193 and the remaining oil and gas leases issued in 2008 as a result of the sale.  “I’m pleased Interior Secretary Sally Jewell has taken a thoughtful and balanced approach to oil and gas leasing,” Governor Walker said. “This is an important step toward responsible Arctic exploration.” Governor Walker also said [...]

By |2016-03-13T03:52:55-09:00April 2nd, 2015|Arctic Policy, OCS|0 Comments
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4-1-15 Happy April Fools Day! Commentary: Are We The Fools?

See National Ocean Policy Council Alert Here! (Readers will understand the importance of this alert after reading today's commentary, below.  -dh) See Part 4, Alaska Economic Report Below Related Commentary: "The Sting" Last Friday, former Alaska Legislator Beth Kerttula, posted this NEW OCEAN POLICY announcement:  "Today, we are releasing the first Report on the Implementation of the National Ocean Policy, which highlights the progress we’ve made since we released an action plan last year. From supporting the ocean economy to ensuring the security of our ports and waterways, and from improving [...]

By |2016-12-22T22:28:23-09:00April 1st, 2015|AGDC, Alaskanomics, Arctic Policy, Commentary, Interior Energy Project (IEP), OCS|0 Comments
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3-25-15 Gasline Bill Passes – Alaska Economic Update – Arctic Residents Take Place At Arctic Policy Table

Arctic Slope Regional Corporation Seizes Arctic Initiative: Criticizes Environmental Carpet Baggers! Gasline Bill Passes Alaska House Alaska Economic Update- Part 2  - See Part 1 Here By Mark Edwards (NGP Photo) In our last post, we discussed the falling oil prices and the possible impact on the economy. Today we will look at jobs, unemployment, and population. Payroll jobs increase only 0.3% in 2013 and 2014.  No growth predicted in 2015 - Alaska's payroll job count increased by 1,000 jobs or 0.3% last year, similar to 2013 results.  This slight increase [...]

By |2016-12-22T22:28:32-09:00March 25th, 2015|Enviro-Industrial-Governmental Cabal, Interstate Gas, Intrastate Gas, LNG, OCS|0 Comments
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3-21-15

Petroleum News.  In early February Ben van Beurden, CEO of Shell, confirmed that his company was moving ahead with plans to restart its exploration drilling in Alaska’s Chukchi Sea during the 2015 summer open water season. In apparent confirmation of that statement notices relating to requests from Shell for some go....

By |2016-03-13T03:51:40-09:00March 22nd, 2015|OCS|0 Comments
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3-6-15 Oil Investors Continue To Face Federal and State Obstacles

Alaska Journal of Commerce by Tim Bradner.  Just as things seemed to be going reasonably well for the large Alaska LNG Project, the $45 billion to $65 billion gas pipeline and liquefied natural gas initiative in which the state is a partner, Gov. Bill Walker may be throwing a wrench into the works.  More.... Houston Chronicle by Jennifer Dlouhy.  The Obama administration will decide soon whether to sign off on Shell's request for extra time to hunt for oil in Arctic waters, Interior Secretary Sally Jewell said Wednesday. Without action, [...]

By |2016-12-22T22:28:33-09:00March 6th, 2015|Arctic Policy, Interstate Gas, Intrastate Gas, LNG, OCS|0 Comments
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