Friday’s Fast Five

Headlamp wants our followers to always be up to date with the developments in Alaska’s economy, politics, and industry. Check out this week’s rundown of the stories affecting you.

Top Story of the Week

This week, BP’s plan of development for Prudhoe Bay is the lone plan state regulators have deemed “incomplete” since a January request to all oil and gas operators in the state for natural gas marketing and facility sharing information. BP has until Sept. 1 to submit a modified plan for review.

Top Reads of the Week

AGDC finance VP quits; Walker vetoes bill to put legislators on board
Alaska Journal of Commerce, Elwood Brehmer, August 3, 2016
The Alaska Gasline Development Corp. is moving ahead with its alternative financing concept for the Alaska LNG Project with a couple leadership positions vacant.

Walker’s oil and gas adviser says he’ll look at tax credits and production opportunities
Alaska Dispatch News, Alex Demarban, August 3, 2016
Gov. Bill Walker’s new oil and gas adviser said on Monday he’ll play a role in helping resolve the standoff between the administration and Alaska’s major oil producers over marketing plans for North Slope natural gas.

Exxon Official Says a Ban on Fossil Fuel is Unrealistic
Wall Street Journal, Dan Molinski, August 2, 2016
An Exxon Mobil Corp. official on Tuesday dismissed the growing calls by some nations to sharply curtail the use of fossil fuels, or even ban them altogether, as unfeasible.

Quote of the Week

“It would be shortsighted to limit voluntarily the options for strengthening U.S. energy security” Thomas Barrett, a retired U.S. Coast Guard vice admiral and former deputy secretary of the Transportation Department, is president of the Alyeska Pipeline Service Co.