Mineral exploration company begins assessment of a possible mine site north of Haines
Henry Leasia, KHNS, September 4, 2018
Constantine Metal Resources recently announced it is beginning a Preliminary Economic Assessment for a potential underground mine in the Chilkat Valley. The assessment will examine the viability of mineral resources at the Palmer Project, an exploratory site upstream from the Klehini River about 35 miles north of Haines. So far, Constantine has been drilling holes at the Palmer Project to determine the kinds of minerals available and where they are located. Mostly they have found copper, zinc, gold and silver. Liz Cornejo is the Vice President of Community and External Affairs for Constantine Metal Resources. She said the Preliminary Economic Assessment, or PEA, will be the first analysis of the economic viability of the project.
Under pressure to withdraw, Begich reaffirms plan to stay in Alaska governor’s race
Annie Zak, Tegan Hanlon, Anchorage Daily News, September 5, 2018
Former U.S. Sen. Mark Begich, under pressure from some in his party to withdraw from the Alaska governor’s race, said Tuesday that he isn’t dropping out. “Let me make it very clear to the reporters and others: If you want to talk about the process, talk to someone else,” he told press and a crowd of cheering supporters at his campaign headquarters in Anchorage. “We are done with that. I’m in the race to win. It’s a three-way race, so get used to it.”
Our Take: There are actually 4 candidates in the race. In the 2014 election, more people voted against the current governor than for him – the libertarian party and the constitution party garnered thousands of votes. Billy Toien is the Libertarian candidate who will appear on the ballot with Begich, Dunleavy and Walker. On Monday, September 10th, the Anchorage Chamber of Commerce will host a gubernatorial debate with all 4 candidates. Alaska voters will have many opportunities to see the slate interact with and debate each other. This election is critical to our economy – make sure you know how each candidate plans to lead us out of a recession.
Tim Fitzpatrick new veep at gasline agency
Suzanne Downing, Must Read Alaska, September 4, 2018
Tim Fitzpatrick is the new vice president of external affairs and government relations for the Alaska Gasline Development Corporation. Fitzpatrick replaces Rose Alcantra, who was released this summer by the agency, which is operating under close guidance from the Office of the Governor, with Deputy Chief of Staff Grace Jang keeping tabs on the agency’s every move. The construction of a gasline is Gov. Bill Walker’s primary focus and one of his main campaign promises when he ran in 2014. Fitzpatrick is a communications strategist with more than 20 years of experience assisting business and policy organizations achieve their public relations objectives, the news release from AGDC says. He has consulted to BP Alaska, the Alaska Oil & Gas Association, and the Alaska Support Industry Alliance.
Our Take: Congratulations to Tim! AKHEADLAMP and the Alliance are huge fans of Mr. Fitzpatrick. A great choice by AGDC – a knowledgeable, well-respected professional who can make a big impact!
FERC Announced New Date for EIS Schedule For AK LNG Project
Jennifer Williams, KSRM, September 4, 2018
The Alaska Gasline Development Corporation got some welcoming news on August 31, when the Federal Energy Regulatory Commission (FERC) announced they had moved up the schedule for the Alaska LNG project’s environmental impact statement (EIS) and commission decision. According to a release from Larry Persily, FERC now expects to issue the project’s draft impact statement in February 2019, instead of March, assuming the state-led project team provides “complete and timely responses to any future data requests” and cooperating regulatory agencies “provide input on their areas of responsibility on a timely basis.” Under the new timeline, FERC’s deadline to decide on the AGDC application would be no later than February 6, 2020, instead of the original timeline of March 8, 2020
NextDecade Starts Over in EPC Search
Dale Lunan, Natural Gas News, September 4, 2018
Texas-based NextDecade said September 4 it has been unable to negotiate a lump-sum turnkey engineering, procurement and construction (EPC) contract with McDermott International for its 27mn metric tons/year Rio Grande LNG project in South Texas. NextDecade and McDermott had originally planned to sign a lump-sum turnkey EPC contract by the end of 1H 2018 but have now agreed not to execute that contract in the belief that McDermott would have to secure a joint venture partner in order to successfully execute and financially guarantee a project of Rio Grande LNG’s size and scope. NextDecade will now launch a new competitive bid process to select a new EPC contractor, and has asked for bids from Bechtel, Fluor and McDermott. The selection process includes McDermott with the understanding that it will be required to find a joint venture partner before submitting a bid.
Our Take: Alaska LNG is hoping to sign a lump-sum turnkey EPC contract for some portions of their project.
Big Oil’s LNG Obsession
Vanand Meliksetian, OilPrice.Com, September 4, 2018
Big Oil is refocusing its business model to accommodate a world where the share of natural gas in the energy mix is growing by the day. LNG has been the main driver of growth in the natural gas sector as it has provided flexibility to customers and global price competition. While some companies, such as Royal Dutch Shell, have been increasing their activities in the LNG business for years, others like Exxon are only just starting to catch up. The change in focus comes at the cost of the raison d’être of these organizations: oil.