Resignation shakes up Alaska’s governor’s race
Becky Bohrer, October 17, 2018
In a stunning October surprise, Alaska’s lieutenant governor resigned Tuesday for making unspecified “inappropriate comments,” imperiling the re-election hopes of Gov. Bill Walker, a man with whom he shared a brother-like bond. Walker, who has been locked in a tough re-election fight with Democrat Mark Begich and Republican Mike Dunleavy, had already been in talks with Begich. The talks centered on a “path forward for Alaska” and stemmed from concerns about Dunleavy and the dynamics of a three-way race, Walker campaign manager John-Henry Heckendorn said. Begich’s campaign manager did not immediately return a message.
Our Take: Headlamp is curious about discussions between the Begich and Walker campaigns. Walker states that he is opposed to Ballot Measure One while Begich is supportive of it. Dunleavy also opposes the measure. The folks working on Alaska LNG have stated that if the measure passes, the project won’t move forward. Would Walker make a deal with a candidate who would stop his pet project?
BLM approves oil field in National Petroleum Reserve-Alaska.
Associated Press, October 16, 2018
The federal Bureau of Land Management has signed off on another oil field within the National Petroleum Reserve-Alaska. The BLM announced Monday that it had issued a joint record of decision with the U.S. Army Corps of Engineers approving Greater Mooses Tooth 2. ConocoPhillips Alaska, Inc. expects to start construction at the site this winter. The company says the site should be in production for 30 years, from 2020-2050.
The Next Oil Boom: Excitement About Alaskan Crude Builds
CME Group, The Street, October 16, 2018
U.S. oil service firms face tough quarter despite high crude prices
Liz Hampton, Reuters, October 17, 2018
Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and U.S. tariffs on imported steel are driving up service firms’ costs.
LNG stuck in the slow lane
Tim Gosling and Mark Smedley, Natural Gas News Magazine, October 17, 2018
Mulling its role in a global low-emissions energy system, the gas industry is eyeing any and every opportunity. Powering more of the world’s shipping with LNG sits high on that list, but development is stuck in the slow lane. A panel at Gastech in Barcelona struggled on September 19 to find out why. In LNG’s corner are drastic new emissions limits imposed on the maritime industry with a tight timeline. The International Maritime Organization (IMO) announced in October 2016 it will limit the sulphur content of marine fuel to 0.5% from January 1, 2020, a checkpoint towards a bid to halve carbon emissions by 2050. The IMO now caps sulphur content globally at 3.5%, but a cap of 0.1% sulphur already exists in northern Europe, around North America, Hawaii and much of the Caribbean. This will remain unaffected by 2020 change.
China and the US both have strategic designs for Greenland
Martin Breum, Arctic Today, October 17, 2018
Two seemingly unrelated messages, reaching us only a few days apart, recently revealed how Greenland occupies an increasingly strategic place in today’s geopolitics. One of the messages might mean that the U.S. will soon send more troops, planes and other military equipment to Greenland; the other means that China’s growing and apparently semi-secret Arctic ambitions should probably be scrutinized in a new light.
Our Take: Many countries have great concerns about China investing in their countries and will go to great extents to prevent it.