“Salmon aren’t enough for our young people”; BBNC asserts authority it doesn’t have?

April 17, 2019 | Posted in : News

Final Pebble hearing draws mix of views
Liz Ruskin, Alaska Public Media, April 16, 2019

People who oppose the Pebble Mine – and quite a few who support it – came out in force Tuesday for the final Corps of Engineers hearing on the proposed mine.

“I’m a fifth-generation commercial fisherman,” said 15-year-old Emily Taylor, a freshman at Dimond High who fishes in the Naknek-Kvichak district every summer. “And the permit I now hold once belonged to my great, great grandmother, Anna Chukan.”

Taylor said she hopes to pass her salmon permit and setnet fishing tradition on to her heirs, but she says a mine could end all that. Her hand shook as she read from her cell phone screen.

“I don’t want my children and grandchildren to have to ask me what it was like to go fishing. Do you think they’ll ask me about this day? What I did to stop it? I don’t want that to become my reality,” she said.

Jimmy Hurley Sr. of Ekwok said he had to leave his community and now works in Togiak, hauling fuel. He said salmon aren’t enough for the young people in Ekwok.

“Are they going to be proud of living off food stamps or welfare or all the other things?” Hurley said in an interview after his testimony. “Look at the state right now, with Medicaid being cut and … all these other things that are free stuff. There’s not going to be anything free anymore, so we better get people to work.”

Our Take: Kudos to Liz Ruskin for capturing two statements that so clearly state the argument over the mine from the people who live where the mine will be.

Somehow the media missed one of the most significant statements made in yesterday’s 8-hour hearing.   The statement below lays out the claim that the Bristol Bay Native Corporation has no legal basis to state that “it will not permit trespass on it’s subsurface for the purposes of support to Pebble.”   That’s a big deal folks.

STATEMENT OF SAMUEL J. FORTIER ON BEHALF OF ALASKA PENINSULA CORPORATION

I speak today concerning Alternative I, the preferred access route for ingress and egress to the proposed Pebble Mine. It is my distinct privilege to have represented Alaska Peninsula Corporation for 35 years, and I speak today as their lawyer. My comments are limited to APC’s protected rights to develop its lands without interference.

As the Corps is aware, APC is a village corporation within the meaning of § 3(j) of the Alaska Native Claims Settlement Act. It owns 400,000 acres of surface estate lands in fee. Almost half of those lands are in the Iliamna Lake area, near the Pebble prospect. APC supports Alternative I, which will involve approximately 24 miles of right-of-way on APC’s lands.

The Regional ANCSA Corporation, Bristol Bay Native Corporation, is the owner of the subsurface underlying APC’s lands. BBNC has stated publicly that it will not permit “trespass” on its subsurface for the purposes of support to Pebble.

BBNC has no legal basis to hinder APC’s right to economic development of APC’s lands. The Ninth Circuit has been clear on this matter. In Koniag, Inc. v. Koncor Forest Resource, 35 F.3d 991 (9th Cir. 1994), the Court expressly held that a Regional Corporation cannot block a village’s economic development. The Court held that: “Congress intended that those village corporations that did select land for economical potential would be able to use that land and to realize its potential.” APC selected its land for economic potential. BBNC cannot render APC’s lands worthless. Rather, APC has an implied easement to rock, sand and gravel that is necessary for APC’s realization of its economic potential.

BBNC’s threats are therefore frivolous. BBNC may not unreasonably deny access on APC’s planned right-of-way.

In Summary:

  • APC supports Alternative I. Alternative I access is on APC lands. The Alternative permits APC to develop its economic potential for its 900 shareholders and their families.
  • As a matter of law, BBNC cannot prohibit APC’s realization of APC’s economic potential.
  • Alternative I provides the least risk, and the greatest benefit to the Iliamna Lake community.

Share on :

Presidential candidate plans to kill 676,00 jobs and cost economy $134 billion.

April 16, 2019 | Posted in : News

 

US candidate would ban new federal oil and gas leases
Katherine Schmidt, Upstream, April 15, 2019

Democratic presidential candidate Elizabeth Warren said that if elected she would immediately ban the issuance of new federal oil and gas leases both on land and in offshore waters. Warren is part of a crowded field of Democratic candidates who have pledged to be more aggressive on the environment and step up efforts to combat climate change but is one of few that has rolled out concrete policy proposals. “That’s why on my first day as president, I will sign an executive order that says no more drilling — a total moratorium on all new fossil fuel leases, including for drilling offshore and on public lands,” Warren said on Monday in a post on Medium. Warren’s piece did not discuss her outlook on existing oil and gas production and leases.

Our Take:   A plan that kills 676,000 jobs and costs our economy $134 billion? Who wouldn’t support her for President…?

Related:

Elizabeth Warren Debuts New Plan To Decimate Energy Jobs

 

Pebble Mine opponents, supporters prepare for final public hearing on draft environmental impact statement
Derek Minemyer and Mike Ross, KTUU, April 15, 2019

Beginning Tuesday at 12 p.m., the U.S. Army Corps of Engineers will hold its final public hearing on the Pebble Mine Draft Environmental Impact Statement, and groups both opposed to and in support of the proposed project are gearing up to mobilize public testimony. Save Bristol Bay and Trout Unlimited Alaska are working with members of the public opposed to Pebble Mine to help refine their testimony. “We are encouraging our people to say no to Pebble Mine because of the risk it poses to the fishery,” Jenny Weiss with Trout Unlimited said.

The Pebble Partnership also spent Monday preparing for the public hearing, according to spokesperson Mike Heatwole. They will have a hospitality room on the third floor of the Dena’ina Center during the hearing, and a hotline to answer questions.

From the Washington Examiner Daily on Energy:

MICROSOFT COMMITS TO CARBON TAX: Tech giant Microsoft announced late Monday it is nearly doubling its internal carbon tax that funds the company’s sustainability efforts and is joining a GOP-led group advocating for Congress to pass a federal carbon tax.

Microsoft’s self-imposed carbon tax, first established in 2012, will rise from $8 to $15 per metric ton, as the key component of its goal to cut its carbon emissions 75 percent by 2030. It aims to run its data centers with more than 70 percent renewables by 2023.

The company is also turning its attention to federal policy, joining the Climate Leadership Council, a group led by two former Republican secretaries of state, James Baker III and George Shultz, calling for Congress to pass a carbon tax and dividend, where the proceeds of the levy are returned to the public.

Microsoft is the first tech company to join the Climate Leadership, which counts oil and gas companies such as ExxonMobil, BP, and Shell among its members.

Share on :

Climate Change and Coal in Fairbanks; New Technology Needs for North Slope

April 15, 2019 | Posted in : News

Here’s the nation’s only new coal plant. Is it the last?
Dylan Brown, E & E News, Energywire: April 15, 2019

Finding America’s only new coal-fired power plant means trekking nearly to the Arctic Circle. The University of Alaska, Fairbanks, hopes to complete work this May on a new 17-megawatt facility that will replace an existing 55-year-old coal plant as the source of power and heat for the nation’s northernmost campus. “We’re just working out some of the bugs right now so we can run continuously,” said senior project manager Mike Ruckhaus. Fairbanks is thousands of miles removed from the wave of coal power shutdowns that keep rolling across the Lower 48. And coal advocates and their critics vehemently disagree if the first new U.S. plant since 2015 has anything to do with the future of coal in this country. University officials started looking to replace the old plant, built in 1964, when the boilers failed in 1998. “In the middle of the winter in Fairbanks, Alaska, when you lose your heating plant for 10 hours, that sort of gets your attention,” Ruckhaus said. Outages continued, but the university did not settle on a $245 million plan until 2013. At a school famous for its climate change research, many students and staff balked at continued coal use.

Alaskan oil developers face technical challenges to exploit new plays: Fuel for Thought
Tim Bradner for S & P Platts Oil, April 15, 2019

As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around. Much hope has been pinned on the development of the Nanushuk, a broadly-dispersed set of rocks along the Colville River that extends west into the National Petroleum Reserve-Alaska. Some companies have had success finding oil, with claims ranging from a conservative 500 million barrels to over 3 billion barrels of recoverable resources. But a recent dry hole in the Nanushuk has brought to light some of the economic and technical challenges facing those who want to tap into those potential riches. The stakes are high for Alaska. The Nanushuk discoveries have created new interest in the North Slope within industry and excitement among state leaders who have long worried about the gradual decline of the existing fields.

Trade wars threaten gas market outlook
NGW Magazine, April 15, 2019

This year’s BP Energy Outlook considers what might happen if global trade disputes escalate. It’s a prospect that threatens to heighten energy security concerns and push countries to produce more and import less – China being a case in point, with its higher coal burn.

The key points drawn by BP are:

  • International trade has an important influence on the global energy system: it underpins economic growth and also allows countries to diversify their sources of energy.
  • If the recent trade disputes escalate, they could have a significant impact on the energy outlook.
  • A slower GDP growth trend would reduce the level of world GDP in 2040 relative to BP’s Energy Transition (ET) scenario by 6%, and energy demand by over 4%. Those falls would be concentrated in countries and regions most exposed to foreign trade and in fuels, oil, gas and coal (Figure 1).
  • This general pattern is also evident in individual countries: lower energy demand and a shift in the fuel mix towards domestically-produced sources of energy.

 

Share on :

Chevron will be world’s third largest oil producer; Murkowski, Manchin & Carbon Capture

April 12, 2019 | Posted in : News

Chevron Leaps to `Ultramajor’ Oil Status With Anadarko Deal
Simon Casey, Javier Blas, and Kelly Gilblom, Bloomberg, April 12, 2019

Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that adds U.S. shale oil and African liquefied natural gas and puts it in the top ranks of the world’s largest energy companies. The takeover puts Chevron neck-and-neck with the oil and gas production of Exxon Mobil Corp. and Royal Dutch Shell Plc, both of which have dominated Big Oil over the past decade. The combined company’s cash flow last year, $36.5 billion, would have exceeded Exxon’s. “Chevron now joins the ranks of the ultra-majors,” Roy Martin, an analyst at Wood Mackenzie Ltd., said in a note.

From the Washington Examiner Daily on Energy:

MURKOWSKI, MANCHIN INTRODUCE BILL TO CREATE NEW DOE CARBON CAPTURE PROGRAMS: Murkowski and Joe Manchin, D-W.V., introduced a bill Thursday authorizing hundreds of millions of dollars to create four new Energy Department carbon capture research and development programs.

One program would focus on improving lower costs and improving efficiency and effectiveness of carbon capture and storage on coal and natural gas plants. Another would boost efforts to commercialize the captured carbon for other uses. A third program would center on improving carbon capture for alternative uses, such as for industrial plants.

And the bill also creates a carbon removal program, to aide “direct air capture” technologies being developed to remove carbon directly from the atmosphere.

“Carbon capture offers great potential to reduce emissions and will complement other clean technologies like advanced nuclear and renewable energy,” Murkowski said.

BP Pulls Out Of China’s Shale Patch
Tsvetana Paraskova, OilPrice.com, April 12, 2019

BP is set to become the latest international major to quit drilling for shale gas in China because of poor exploration drilling results so far, Reuters reported on Thursday, citing three sources with knowledge of the plans. Back in 2016, BP and China National Petroleum Corporation (CNPC) signed a production sharing contract (PSC) for shale gas exploration, development, and production in the Neijiang-Dazu block in the Sichuan Basin in southwestern China. Later in 2016, BP signed a second PSC deal with CNPC for shale gas exploration at Rong Chang Bei in the Sichuan Basin.   However, poor results from shale gas drilling are now making BP withdraw from the projects, according to Reuters sources. BP joins other international oil and gas majors such as Shell, Eni, Exxon, and ConocoPhillips that have stopped drilling for shale gas in China, leaving the country’s shale gas sector predominantly in the hands of the large Chinese state-held energy companies.

China, gas and Russia
Natural Gas News, April 12, 2019

Relations between Russia and China warm up as relations between either of them and the US cool down, making life difficult for long-term projects such as gas infrastructure.

Gazprom CEO Alexei Miller has said that the 38bn m³/yr Power of Siberia, the Russian gas line destined to send gas to China, would be built ahead of time. This desire to speed up construction quite likely is due to two reasons:

  • China and the US could finally reach a deal which would send a considerable amount of American LNG to China, and this could lead to a decline in price.
  • China could be self-sufficient in the near future and need neither Russian nor US gas.

Share on :

A small request with a big benefit for Alaska.

April 11, 2019 | Posted in : News

This is a small request that will result in a big benefit: you attending the Army Corps hearing concerning Pebble.

While the mine footprint has been greatly reduced and impacts eliminated, the benefits remain huge. You know that everyone in every industry here will benefit from Pebble, which will generate desperately needed jobs in the region and provide an estimated $1 billion in revenue to the state over 20 years.

For Pebble and our state, timing is everything.

As you know there are moments when our state government supports safe and environmentally protective resource development. The same goes for the federal government.

In recent times, both the state and federal governments have been – let’s say – less accepting of resource development.

Right now is that rare moment when the state AND federal administrations see the value in Alaska’s vast natural resources, for the benefit of Alaska and the nation.

This unique moment in time is a moment we cannot squander.

As our resource revenues continue to decline and our state faces serious budget challenges, Pebble could be the first step to turn the state around – letting investors worldwide know Alaska is open for business.

While we’ve long known the tremendous opportunity Pebble holds for Alaskan jobs, tax revenue and economic opportunity, it appeared that politics would keep the project from receiving a fair and full hearing on its merits and science.

Follow this link to let us know you are in, and we will keep you up-to-date.

This is an important moment for our industry and state – a moment that we must seize while it is here.

Share on :

Donlin gives hope to the Yukon-Kuskokwim Delta; Trump gives hope to pipelines

April 10, 2019 | Posted in : News

Donlin promises economic development if mine goes through
Krysti Shallenberger, Alaska’s Energy Desk, April 9, 2019

Donlin Gold says that it will bring money and jobs to the Yukon-Kuskokwim Delta with its proposed mine. The company wants to build one of the biggest gold mines in the world, and it promises to employ hundreds of local people to build and operate it. The mine will bring 3,000 jobs to the region during construction, and 800 jobs annually to operate it. The total payroll is $375 million for the construction phase of the mine which, according to Donlin spokeswoman Kristina Woolston, would last roughly four years. The Kuskokwim Corporation, a village corporation, and Calista Corporation own the land and mineral rights, and leased them to Donlin Gold two decades ago. In return, Donlin promised that their shareholders will get preference for jobs.

Trump energy orders to target development snags
Argus, April 9, 2019

President Donald Trump is set to release two directives designed to ease state restrictions on energy projects and avoid “unnecessary red tape” that delays oil and gas production. The two executive orders, which Trump is set to announce tomorrow at an engineering training facility near Houston, will attempt to streamline permitting and encourage investment, a White House official said. The new initiative could help address growing industry concern that permitting delays for pipelines serving Marcellus shale gas producers and the Permian basin have become a key bottleneck to Trump’s push to expand oil and gas production.

Our Take: “industry officials anticipate it could try to limit the circumstances under which states can use “section 401″ water permits to block pipeline construction.” This is great news for Alaska and America, and let’s not forget the lawyers. Headlamp expects numerous lawsuits to be filed immediately.

From the Washington Examiner Daily on Energy:

SENATOR DOES FOR COAL WHAT TRUMP DID FOR OIL: Sen. Steve Daines, R-Mont., wants to codify Trump’s executive orders to stop states from blocking energy projects into law.

Daines introduced a bill on Tuesday that clarifies that Section 401 of the Clean Water Act “cannot be used as a weapon” to prohibit his state, or any other, from exporting coal to Asia, according to his office.

Daines had introduced the bill last year to clear the way for the construction of the Millennium Bulk Terminal to increase Montana coal exports.

“Montana has the opportunity to help keep the U.S. energy dominant and expand our economic opportunities through trade,” Daines said.

Share on :

Amazon pursues clean energy with oil & gas – not wind.

April 9, 2019 | Posted in : News

Amazon Is Aggressively Pursuing Big Oil as It Stalls Out on Clean Energy
Jim Cooke, Gizmodo, April 8, 2019

In 2014, Amazon announced that it would power its rapidly expanding fleet of data centers with 100 percent renewable energy. Apple, Facebook, and Google made similar pledges two years before that, and pressure from consumers and environmental groups drove Amazon to follow suit. For the next two years, the tech giant made admirable strides toward achieving its goal, bankrolling large solar plants and wind farms. Then, it stopped. Amazon hasn’t announced any new deals to supply clean energy to its data centers since 2016, and it quietly abandoned plans for one of its last scheduled wind farms last year. Meanwhile, in 2017, according to internal company documents viewed by Gizmodo, Amazon undertook a concerted push to win over a new industry, perhaps best summed up by the name of a presentation at Amazon Web Services’ annual company Sales Kick-Off event that February: “Positioning for Success in Oil & Gas.”

Our Take: This is reality. The writer at Gizmodo is upset that Amazon isn’t following a “keep it in the ground” policy with regards to fossil fuels. The writers of Headlamp are not surprised that free market principles are driving Amazon’s business decisions.   Oil and Gas could be the foundation of Amazon’s clean energy future.  

Oil & Gas Discoveries On The Rise As Oil Majors Dive In
Rystad Energy, OilPrice.com, April 8, 2019

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy. Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe). Most of the gains were recorded in February, posting 2.2 billion barrels of discovered resources – the best monthly tally on record since August 2015. “If the rest of 2019 continues at a similar pace, this year will be on track to exceed last year’s discovered resources by 30%,” says Taiyab Zain Shariff, Upstream Analyst at Rystad Energy.

One Question Remains As The US Moves Closer To Drilling In ANWR: How Much Oil Is There?
Michael Bastach, The Daily Caller, April 7, 2019

  • ANWR could hold massive amounts of oil and natural gas, but findings from the only well drilled in the refuge have been kept secret for decades.
  • The New York Times recently reported the test well findings were disappointing, but experts say one test well doesn’t tell the whole story.
  • “I know for a fact it’s an oily area,” said a geologist that’s spent decades exploring the Alaskan Arctic, including ANWR.

Our Take: Opponents of ANWR who use the NY Times article to suggest that there is no oil there will do so disingenuously.

What Does the New Silk Road Mean For Oil and Gas? [GGP]
Natural Gas News, April 9, 2019

China is in the midst of an historic push to tie together at least 65 countries on three continents through new trade and infrastructure projects. Known as the Belt and Road Initiative, the plan encompasses more than 60% of the world’s population and nearly three quarters of its energy reserves. The scope of this ambitious effort, a 21st century version of the famous 7th century silk road that connected China to Europe, was chosen as the overarching theme of the 2019 International Petroleum, Technology Conference (IPTC) being hosted in Beijing this week. The gathering has attracted more than 2,400 professionals from 50 upstream companies to share new technical discoveries and address some of the industry’s most pressing issues. Exactly what the Belt and Road Initiative means for the future of energy supply remains somewhat undefined, but executives from China National Petroleum Corporation (CNPC) and Saudi Aramco—the conference’s two major sponsors and hosts—shed light on how they expect the arrangement to unfold in the years to come during IPTC’s opening session. Amid the backdrop of the initiative, Wang Yilin, the chairman of CNPC and IPTC’s honorary chairman, said the next decade will prove to be “a very critical period for the energy transformation in China.” There are two sides to the coming change as he sees it. The first is a call for hydrocarbon producers to take part in the development of low-carbon alternatives to oil and gas, while the other will demand that these producers continue to increase supplies of fossil fuels to meet the world’s rising demand. Managing this balance will steer the future of CNPC.

Share on :

Results not Rhetoric on Budget; Supreme Court for Alaska Offshore Drilling?

April 8, 2019 | Posted in : News, Uncategorized

As the Alaska budget discussion intensifies, so does the need to fact check what is being said publicly.
Headlamp will start today with a chart on where the money comes from to fund our budget. The rhetoric that the oil industry is “held harmless” in the current budget is simply not true.

**It is important to note that the total projected contribution to the state from oil revenue for FY 2019 is $3.078 billion – not all oil revenues go to the general fund.

Related:
As Alaska budget tightens, $ 1.2 billion oil tax deduction comes under scrutiny

Supreme Court Could Be Best Shot for Alaska Offshore Drilling
Bloomberg Environment, April 2, 2019

The Trump administration’s best hope to overturn a March 29 lower court decision shutting down oil and gas drilling off the Alaskan coast may lie across the country at the U.S. Supreme Court, environmental lawyers said. All five conservative justices on the high court have shown skepticism about agency claims of authority where Congress hasn’t clearly delegated it—the core issue in the Alaska case. A federal district judge struck down an executive order from President Donald Trump that opened Arctic waters to oil and gas drilling. The Outer Continental Shelf Lands Act can be seen as a “one-way ratchet” that grants the president the right to withdraw certain areas for drilling, but not for revoking prior withdrawals, said Patrick Parenteau, an environmental law professor at Vermont Law School in Royalton, Vt., and currently a visiting professor at the University of New Mexico law school in Albuquerque.   “That would leave it to Congress to decide whether to either amend the OCSLA or revoke or modify any prior withdrawal,” Parenteau said. “That might appeal to the conservative view of the separation of powers doctrine.”

Hilcorp delays seismic exploration in lower Cook Inlet
Aaron Bolton, KBBI, April 6, 2019

Hilcorp said it’s holding off on plans to conduct seismic exploration for oil and gas in lower Cook Inlet because of potential conflicts with halibut and salmon fishermen. The company also lacks a crucial permit to conduct the work, and it’s unclear when it may get the green light to move forward. In Hilcorp’s permit application to the Bureau of Ocean Energy Management, the company said it wants to update 40-year-old seismic data in a 370-square mile lease site offshore from Homer and Anchor Point.

Our Take: “ The company said it’s now delaying the survey until after “the height of fishing and tourist season,” due to concerns raised by fishermen like Maw and Flores.”   Contrary to popular belief, companies do listen to community concerns and respond appropriately.

Blamed for Climate Change, Oil Companies Invest in Carbon Removal
Clifford Krauss, The New York Times, April 7, 2019

Everyone knows an electric fan can make people feel cooler on a steamy day. But could fans moderate the planet’s rising temperatures? Some of the world’s biggest fossil fuel companies would like to find out. Chevron, Occidental Petroleum and the Australian mining giant BHP this year have invested in Carbon Engineering, a small Canadian company that claims to be on the verge of a breakthrough in solving a critical climate change puzzle: removing carbon already in the atmosphere. At its pilot project in Squamish, an old lumber town about 30 miles north of Vancouver, the company is using an enormous fan to suck large amounts of air into a scrubbing vessel designed to extract carbon dioxide. The gas can then be buried or converted into a clean-burning — though expensive — synthetic fuel.

 

Share on :

TGIF – White House Trumps Protestors with Executive Order on Pipelines

April 5, 2019 | Posted in : News

White House planning executive order that aims to boost pipeline construction, lower energy prices
Kayla Tausche, CNBC, April 5, 2019

  • The order directs the Department of Energy and the Environmental Protection Agency to clarify Section 401 of the Clean Water Act, the law that gives states authority over permits where water quality is concerned, sources say.
  • The effort is spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York.
  • Officials say the administration’s broader goal is to lower energy prices by accelerating the transport of natural gas and to reaffirm U.S. energy “dominance,” a word that appeared multiple times in an early draft of the order.

Our Take: Great move by the administration! Lowering energy prices shouldn’t be held hostage to politics – natural gas is clean, affordable and available – let’s build some pipelines to transport it!

Russia and Canada may lose their legal claim to Arctic seaways as ice melts, experts say
Melody Schreiber, Arctic Today, April 4, 2019

As the Arctic changes rapidly, a key legal justification for Russian and Canadian control of Arctic seaways may change as well. At two different D.C. events recently, experts discussed Article 234 of the United Nations Convention for the Law of the Sea (UNCLOS), which grants coastal nations the right to “adopt and enforce non-discriminatory laws and regulations” in order to reduce and prevent marine pollution in ice-covered areas of those countries’ exclusive economic zones. The law applies strictly to places covered by ice for most of the year, because the ice creates extreme environments and exceptional navigation hazards that could result in ecological damage from ships. Both Russia and Canada have interpreted the article to support their control over the Northern Sea Route and the Northwest Passage, respectively.

Related:

Russia stakes its hold on the Arctic with a new military base

U.S. LNG to China will increase despite trade tension: Cheniere
David Stenway, Meng Meng, Reuters, April 4, 2019

Shipments of liquefied natural gas (LNG) from the United States to China will increase over the long term despite ongoing trade tensions, senior executives of Cheniere Energy, the biggest U.S. exporter of the super-chilled fuel, told Reuters.   “It’s clear that the U.S. LNG trade with China is just beginning because U.S. LNG has just started,” Cheniere Vice President Robert Fee told Reuters on the sidelines of the LNG2019 conference in Shanghai on Thursday.   “U.S. LNG to China will increase and that will happen organically. We are thinking long-term and Chinese demand is long-term.”

Our Take: AGDC, BP and Exxon are currently working on an economic analysis of the Alaska LNG project. Having a strong market in Asia certainly is a factor in the economic viability of the project.

Share on :

Thumbs Up, Thumbs Down on Budget Battle; Cheers for Oil Search

April 4, 2019 | Posted in : News

Budget Battle: Thumbs Up, Thumbs Down – some observations from the House Finance hearing to amend the budget yesterday:

Thumbs Up: Representative Tilton for attempting to reduce discretionary travel that didn’t affect a departments ability to provide core services. (most of her motions were voted down)

Thumbs Down: Representative Josephson for supporting a federal pass-through grant that required a state match because it was a 10 to 1 match…to be clear, the state puts up the money for the match and then passes the funds on to other organizations.

Thumbs Up: House Minority members who stuck together on reasonable amendments to reduce the size and scope of government.

Thumbs Down: Representative LeBon, who ran as a fiscal conservative, consistently voting to maintain the size and scope of government.

Thumbs Up: Representative Carpenter for his amendments to reduce funding for public broadcasting.

Thumbs Down: Representative Ortiz for suggesting that reducing the state funds for public broadcasting meant an end to public broadcasting.

Lawmakers amend budget to stop reimbursing municipalities for school bond debt
Andrew Kitchenmann, KTOO, April 3, 2019

Oil Search cheers North Slope flows
Reuters, April 4,2019

Australia-listed Oil Search has flowed oil from two wells at its Pikka unit on Alaska’s North Slope. Oil Search confirmed Thursday the Pikka B well flowed last month at a stabilised rate of 2410 barrels of oil per day during testing, while adding the flow had been restricted by the capacity of the testing equipment. Based on the productivity index calculated during the final flow test, which was carried out over a two-hour period on natural flow with no artificial lift, Oil Search calculates the well flow rate potential for Pikka B at roughly 3800 bpd. Oil Search also commenced a flow test programme last month on the Pikka C well which included testing of six stimulation stages within the 3800-foot-long horizontal section of the well.

Petitioners get OK, will seek to move Alaska Legislature to Anchorage
James Brooks, Anchorage Daily News, April 3, 2019

Lt. Gov. Kevin Meyer and the Alaska Department of Law have approved a proposed ballot measure that would permanently move sessions of the Alaska Legislature from Juneau to Anchorage. In a certification message sent to the measure’s three Anchorage sponsors late Wednesday, the lieutenant governor said the sponsors had enough support to begin gathering signatures in earnest and that the Department of Law did not find any legal problems with the measure. The proposal is sponsored by Republicans David Bronson of Anchorage, Camille Carlson of Fairbanks and Leona Oberts of Soldotna. “It’s real straightforward: We’re going to get our signatures and move forward from there,” Bronson said.

Pebble ripples
Craig Medred, April 4, 2019

A group of commercial fishermen from Bristol Bay have gone to court to challenge a decision by the Bristol Bay Regional Seafood Development Association (BBRSDA) to spend about a quarter million dollars on efforts to block development of the proposed Pebble Mine. The six plaintiffs from three Iliamna Lake villages and Anchorage contend the BBRSDA, a quasi-state entity, is misusing state tax revenue. The organization was established to market Bristol Bay salmon, not lobby against mining, argues the suit filed in Anchorage Superior Court on Monday.

Our Take: Using tax money taken from fisherman to lobby the state instead of marketing Bristol Bay salmon?   Sounds fishy…

Related:

At Iliamna Lake hearings, residents speak out on Pebble Mine

 

 

Share on :

Page 10 of 17« First...89101112...Last »