Sold to the highest bidder! Andeavor has announced today, that they have acquired the Kenai Liquefied Natural Gas (LNG) facility from ConocoPhillips. In a statement from Andeavor they stated that they believe this facility is a natural extension of our long-standing operations in the State of Alaska. This acquisition further strengthens our integrated value chain by optimizing our operations in Kenai to provide low-cost fuel for our refinery to produce the fuels that consumers in Alaska need to keep their lives moving. Andeavor will be working to integrate the current employees and operations into the Kenai Refinery facility. In November 2016. ConocoPhillips’ announced that it was putting its Kenai LNG plant up for sale. In July the company announced they would be “scaling back” operations until they acquired an interested buyer for the plant. The Kenai plant, includes a dock and loading facility, was the only export facility of domestic liquefied natural gas in North America for nearly 50 years.
Oilmen, wildcatters, refiners, oh my! Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels. The tax adjustments come as crude prices have rallied 54 percent since June. Together, the price rise and the new tax code have supercharged the oil industry in ways that could test the resolve of money managers who’ve vowed to divest from companies that have powered the world’s economic engines for two centuries. The top four refiners this week reaped $7 billion in gains, led by a $2.7 billion jump announced Friday by the biggest, Phillips 66.
Go big or go home on ANWR. President Donald Trump said Thursday he “really didn’t care” about opening a portion of Alaska’s Arctic National Wildlife Refuge to oil drilling but insisted it be included in tax legislation at the urging of others. Addressing fellow Republicans at the House and Senate Republican Member Conference in White Sulphur Springs, West Virginia, mentioned the wildlife refuge known as ANWR in Alaska’s northeast corner as he recounted accomplishments in the last year, including the tax bill passed by Congress in December. Trump said he “never appreciated ANWR so much” but was told of its importance by others. “A friend of mine called up, who’s in that world and in that business, and said, ‘Is it true that you’re thinking about ANWR?’ I said, ‘Yeah, I think we’re going to get it, but you know.’ He said, ‘Are you kidding? That’s the biggest thing, by itself.’ He said, ’Ronald Reagan and every president has wanted to get ANWR approved.” The comment had a major impact, Trump said. “I really didn’t care about it, and then when I heard that everybody wanted it — for 40 years, they’ve been trying to get it approved, and I said, ‘Make sure you don’t lose ANWR,’” Trump said. Oil in the refuge, Trump said, is one of the great potential fields anywhere in the world. “That by itself is a big bill,” he said.
Hurry up and wait. In mid-January, Alaska’s gasline corporation filed tens of thousands of pages of documents with the Federal Energy Regulatory Commission (FERC). Now, the state is waiting for the commission to make a decision on if, and when, the state can get to work on its massive liquefied natural gas (LNG) export project. Last week, the head of Alaska’s gasline corporation landed in Juneau for two days of meetings with lawmakers and updates on the Alaska LNG project. In between those meetings, Alaska Gasline Development Corporation (AGDC) President Keith Meyer sat down to answer some questions on the federal permitting process. In mid-January, the state corporation announced that it finished several months of work filing responses to questions FERC had on its application for the Alaska LNG project. Those questions were on everything from impacts on Alaska native culture to how the project could impact fish in the water bodies it crosses. With those answers, the application has ballooned from 36,000 pages that the state corporation filed last year — to a current total just shy of 100,000 pages. Now, Meyer and the state corporation are hoping that the federal commission will put out a schedule for completing that environmental review.
Zinke on Alaska issues. In an interview with Channel 2’s Washington D.C. bureau, Secretary of the Interior Ryan Zinke commented on several hot topics in the state. Those issues included a land swap to allow a road through the Izembek National Wildlife Refuge, the resignation of several National Park Advisory Board members, including former Alaska Gov. Tony Knowles, the possibility to change the name of Denali back to Mt. McKinley, and commercial fishing and salmon runs. When it comes to the road to King Cove, a controversial project that recently saw a lawsuit filed against the US government by environmentalists, Zinke said that its construction is “absolutely the right thing to do.” “A village that’s in the Aleutian chain has the right to have access to medical emergencies by an air strip and that’s exactly what we did. It’s a single lane gravel road that does no harm, but it’s the right thing for the village,” Zinke said.
Andeavor Has Acquired The Kenai LNG Facility From ConocoPhillips
KSRM Radio Group, Jennifer Williams, February 1, 2018
Billions From Trump Tax Cuts Supercharge Fossil Fuel Sector
Bloomberg Technology, Kevin Crowley, David Wethe & Alex Nussbaum, February 1, 2018
Trump explains support for oil drilling in Arctic refuge
AP News, Dan Joling, February 2, 2018
It’s hurry up and wait for state gasline corporation’s federal permitting schedule
Alaska Public Media, Rashah McChesney, February 1, 2018
In interview, Sec. Zinke responds to state-wide Alaskan issues
KTUU, Leroy Polk, February 1,2018