NPRA and state oversight. US House Natural Resources Committee Chairman Rob Bishop (R-Utah) released a new draft of proposed legislation to overhaul federal lands energy policy late on Oct. 31. The committee’s Energy and Mineral Resources Subcommittee, which discussed two earlier drafts at hearings in October, will examine this one on Nov. 7. “This comprehensive overhaul of upstream energy policy creates the regulatory certainty that is needed to spur economic investment on federal lands,” Bishop said. “With these reforms, we can harness the full potential of our domestic resources, increase revenues to federal and state governments, and build a foundation of energy strength at home and abroad.”
From the Washington Examiner’s Daily on Energy:
EPA BRINGS CLIMATE REPEAL ROAD SHOW TO COAL COUNTRY: The Trump Environmental Protection Agency will take its road show on rolling back the Obama administration’s Clean Power Plan to West Virginia late this month in a symbolic salute to coal country after the Obama EPA refused to visit the Mountaineer State when it suggested the climate plan. The visit is part of the public hearing process to vet the Trump administration’s proposed rule to rescind the climate change regulations on existing power plants. The Clean Power Plan had been projected to have closed dozens of coal plants if it were put into effect. The plan was halted by the Supreme Court in February 2016. The hearing will be held Nov. 28-29, when the EPA will hear from affected communities about the economic and employment impact of the Clean Power Plan, according the Sen. Shelley Moore Capito, R-W.Va., who oversees the EPA in her role on the Environment and Public Works Committee. “After years of being ignored by the Obama administration, West Virginians are finally going to be heard,” Capito said. “Our coal miners, their families and entire communities will soon have a chance to share how they have been affected by these far-reaching regulations. I appreciate the Trump administration’s commitment to creating and preserving energy jobs.”
China + Russia = LNG? Russian natural gas giant Novatek will cooperate with the China National Petroleum Corporation and the China Development Bank in the implementation of the Arctic LNG 2 project. This partnership follows an already-existing cooperation between the two countries on Novatek’s Yamal LNG project. The company signed a strategic cooperation agreement with CNPC with the aim to jointly develop the large-scale Arctic LNG 2 project and collaborate in various segments of natural gas and liquefied natural gas markets, including the trading of LNG and gas infrastructure. In addition, a memorandum of understanding was signed under which the China Development Bank will provide for up to $3 billion in financing for the project under a framework between Vnesheconombank and the Export-Import Bank of China.
Walker + China = LNG? Alaska Gov. Bill Walker said Thursday that he will join President Donald Trump’s trade mission to Asia next week, in hopes of striking a deal with Chinese companies on the state’s proposed $43 billion gas-export project. Walker, who was in Washington, D.C., for congressional hearings, told reporters in a hastily organized conference call Thursday that he’ll leave with Trump’s entourage Friday for meetings in Hawaii. Walker will then travel separately to Beijing over the weekend, where he expects to seek investments in the pipeline project and commitments to buy gas. Walker and Keith Meyer, the head of the state’s gas pipeline agency, will join dozens of American corporate leaders on the trade mission, including the chief executives of Goldman Sachs and Qualcomm. “This is probably the most significant opportunity we’ve had with the market,” Walker said.
Fossil-Fuel friendly tax plan spares oil, not solar or Tesla. The tax overhaul proposed in the U.S. House looks like a better bet for oil and natural gas companies than solar developers or electric car buyers, keeping with President Donald Trump’s decidedly fossil-fuel friendly views. The proposal, unveiled Thursday, slashes tax rates almost in half for most corporations, and expands the ability of businesses — from shale drillers to solar panel makers — to write off equipment. It keeps most of the oil industry’s most cherished tax breaks intact, as well as investment and production tax credits for renewable energy.
Anti-ANWR Senators have selective hearing. Eleven Alaskans testified before the U.S. Senate Energy Committee on Thursday — for and against drilling in the Arctic National Wildlife Refuge. While senators said they wanted to listen to the people of the Arctic, many seemed to hear selectively. Sam Alexander, from Fort Yukon and Fairbanks, cuts a striking figure in a congressional hearing, and not just because of his moose hide vest.
VIDEO: See how Rep. Young describes the 1002 area of ANWR. Rep. Don Young gets creative in describing 1002 area of the Arctic National Wildlife Refuge in a Senate Energy Committee hearing on whether or not to drill for oil in the area. Click here for video.
Bishop releases new draft of federal lands energy policy overhaul
Oil & Gas Journal, Nick Snow, November 1, 2017
China is set to expand its role in Novatek’s Arctic gas development
Arctic Now/High North News, Malte Humpert, November 3, 2017
Gov. Walker, joining Trump trade mission to China, sees ‘most significant opportunity’ for Alaska gas
Alaska Dispatch News, Alex DeMarban & Nat Herz, November 2, 2017
Fossil-Fuel Friendly Tax Plan Spares Oil, Not Solar or Tesla
Bloomberg News, Alex Nussbaum, Brian Eckhouse, and Emma Ockerman, November 2, 2017
When US Senators listen to Arctic voices, only some resonate
Alaska Public Media, Liz Ruskin, November 2, 2017