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
Our Iranian Nuclear Negotiations: Hopelessly Incompetent, Naive, Pro-American or Pro-Enemy? You Be The Judge. by Dave Harbour Today and perhaps tomorrow comes another deadline extension in, and maybe an ending of, the Iranian nuclear negotiation. It is one of the most important -- and dangerous -- energy and world security issues in history. Why? The current process is alienating the United States from all of our 'former' Middle Eastern allies who, together, have helped provide significant security to the region. Israel, Jordan, Saudi Arabia, Egypt and other countries in the [...]
Could Saskatchewan become more oil investor friendly than Alberta? Alaska Support Industry Alliance Analysis Our Commentary (Reference today's articles below) Alaska and Canada Pay Attention: To investors, costs matter and costs include the cost of taxes and royalties and regulatory requirements and reneging on tax credits. Go ahead and demonize the goose that lays golden eggs. Try to popularize the 'taking' of more private wealth for public redistribution using tired, old and untrue "fair share" arguments. Sure, you'll rip off investors for a short period of time but you will deter [...]
Washington Post Magazine, by Julia Duin. ... This was Alice Rogoff (NGP Photo), wife of billionaire David Rubenstein and a former Washington business executive turned owner and publisher of Alaska’s largest newspaper. Rogoff had spent nine days piloting her single-engine Cessna 206 from village to village as her reporters covered 70-plus mushers crossing the state. ... Rogoff’s husband was casting about for a post-White House career. In 1987, he co-founded the Carlyle Group, which would become one of the largest private equity management firms in the world. One [...]
Pipeline Building Is A Choreography Of Coordinated Steps By Larry Persily lpersily@kpb.us July 7, 2015 Other recent Persily work (This update, provided by Larry Persily (NGP Photo) of the Kenai Peninsula Borough mayor’s office, is part of an ongoing effort to help keep the public informed about the Alaska LNG project.) The Alaska LNG project is a planning and coordinating effort of immense proportions. Not surprising when you consider that the pipeline construction alone requires piecing together about 115,000 40-foot-long sections in precise order, in rough terrain, in remote locations — and with [...]
Click on one of the Alaska Oil and Gas Congress public service ads above or in the right column for a Northern Gas Pipelines conference discount (We receive no financial incentive for providing this information. -dh) We compliment Congress for denying the EPA funds to create new and harmful, anti-energy / anti-consumer regulatory programs. This Afternoon's Release courtesy of the Alaska Support Industry Alliance and the Alaska Oil & Gas Association: "Arctic Exploration Program Moves Forward": In a blow to environmental groups that file lawsuits designed to delay or halt [...]
Bloomberg story and video on oil price trends, by Asjylyn Loder and Bradley Olson READ AND WEEP. The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue. Now the safety net is going away. The insurance that producers bought before the collapse in oil -- much of which guaranteed minimum prices of $90 a barrel or more -- is expiring. As they do, investors are left to wonder how these companies will [...]
Petroleum News. Officials from the Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard have met in Juneau to discuss Arctic oil spill preparedness and the coordination of oil spill incident management strategies, BSEE said June 24. BSEE Alaska Region Director Mark Fesmire and Rear Adm. Dan Abel,....
Petroleum News. Gov. Bill Walker said June 29 that the state will join North Dakota and 10 other states in a challenge to the recently finalized “waters of the United States” rule. WOTUS, adopted by the Environmental Protection Agency and the U.S. Army Corps of Engineers, attempts to define what waters are covered....
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....
Our Commentary ADN by Pat Forgey. Alaska Gov. Bill Walker (NGP Photo) announced Tuesday that he had signed state operating and capital budgets, approving $9.8 billion in spending sought by the Legislature but vetoing a possible $200 million worth of controversial oil tax credits. ... RELATED: Dispute over oil tax credits plays out in shadow of Alaska's budget deadlock "It is apparent the current oil and gas production tax credit system is unsustainable," Walker said in a letter Monday to Senate President Kevin Meyer, (NGP Photo), telling him of [...]
It's An Uphill Road For An Alaska LNG Project Whether most Alaskans appreciate it or not, the best hope for a successful, Alaska LNG project is that Alaska's largest producers support it. Today, we analyze why that so. by Dave Harbour Alaskans have consistently supported higher taxes on Alaska's oil companies and higher spending on social services -- with some exceptions. The Alaska tax and spend model is not unlike the model employed nationally, in Washington D.C., except national leaders are capable of spending more than they take in by merely [...]
Committee on Natural Resources Chairman Rob Bishop commented this morning on a decision by the U.S. District Court of Wyoming to grant a stay of the Bureau of Land Management's (BLM) hydraulic fracturing rule. As a result of the decision, compliance with BLM's rule, which was originally intended to go into effect on June 24th, has been delayed until early August. “This is a rule based on fear not facts that favors Washington bureaucracy over progress and science. The DOE and the EPA have both found fracturing safe yet the propagandist [...]
Oil Tax Commentary WSJ. Video interview, "Why shale critics are wrong." Calgary Herald by Stephen Ewart. With the NDP government’s first throne speech Monday, Premier Rachel Notley began disappointing the party’s core supporters in the environmental community by championing exports of Alberta oil to global markets as part of a Canadian energy strategy. Recently, we commented on the onerous similarities between oil tax perspectives of Governors Kasich of Ohio and Palin of Alaska. Alaska has just now, after nearly a decade of economic downturn, managed to repeal and overcome some of the damage done by Palin's populist, anti-oil tax policy. [...]
Alaska Governor Bill Walker's June 8 Letter To AK LNG Participants Doesn't Exactly Radiate Cooperation by Dave Harbour (In fairness, we wish to provide this comment from an anonymous reader. -dh) Today, we ask if Alaska Governor Bill Walker (NGP Photo) is seeking cooperation with participants in the AK LNG project, or is he seeking to control those free market participants, or is he angling toward a separate, government owned project? Here is a letter Walker sent yesterday to House and Senate resource committee leaders which included the copy of a letter [...]
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