Petroleum News Alaska, By Alan Bailey (NGP Photo).  Sen. Lisa Murkowski, R-Alaska, has introduced the Domestic Energy Security Act of 2009, a bill that would grant coastal states a 37.5 percent stake in all rents, royalties and bonuses from oil and gas activities on the federal outer continental shelf. In Alaska, the state would receive 47 percent of these revenue sharing funds and Alaska Native regional and village corporations would share 33 percent of the funds, while 20 percent of the funds would go to coastal borough and community governments.  The North Slope Borough, which provided input to the drafting of the bill, expressed satisfaction with the provision to mandate shipping offshore oil to land by pipeline rather than tanker, saying that broken ice conditions can threaten shipping routes with little warning and that a tanker accident in the Beaufort or Chukchi seas would prove devastating to the marine environment and to the way of life of the North Slope Inupiat people.  “Offshore development continues to be a source of great concern for the borough,” said borough Mayor Edward Itta.  … And Itta said that he was pleased with the proposal to share federal revenues with communities directly affected by offshore oil and gas exploration and development.     *      Financial Post, by Kelly Cryderman.  A tiny Indian reserve in the foothills southwest of Calgary is trying to block a Petro-Canada sour gas development by implementing a bylaw barring pipelines within 1.5 kilometres of its boundaries.

Comment on S.1517:  Coming…..      -dh

Maritime & Energy.  The dimensions of this buoy surpass many conventional vessels: A weight of 1100 tons and a height of 27 metres making it the world’s largest in its category.