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Do or die for AGDC - 02/19/2017 (Full story)
The president of the state-owned Alaska Gasline Development Corp. says he has funds on hand sufficient for 18 months of work on the Alaska LNG Project and that he doesn't intend to come back to the Legislature asking for money until there are customers and investors.
In effect, Keith Meyer, AGDC's c....
2016: bad, not worst - 02/19/2017 (Full story)
Last year was one of the worst years for North Slope development drilling in the past decade. And yet, historically speaking, things could have been a lot worse in 2016.
The seven operators of producing North Slope units drilled 134 development wells in 2016, according to information from the Alask....
Another LNG option - 02/19/2017 (Full story)
A new option for liquefying and marketing natural gas from Alaska's Cook Inlet has emerged in the form of a proposed liquefied natural gas plant located in Houston, Alaska, to produce LNG for shipment on the Alaska Railroad. Consultants have been working with a major corporation with worldwide LNG e....
Trudeau defends Arctic ban - 02/19/2017 (Login to read Full story)
Canadian Prime Minister Justin Trudeau has refused to give ground on his unilateral decision late last year to suspend oil and natural gas development in Arctic waters.
But he assured hundreds of people at a town hall meeting in Yellowknife on Feb. 10 that the freeze will remain open to review ever....
Resources rolls out oil tax changes - 02/19/2017 (Login to read Full story)
Hearings on a new state oil tax bill in Juneau kicked off Feb. 13 in the House Resources Committee and continued Feb. 17. Committee co-Chair Rep. Geran Tarr, D-Anchorage, predicts the committee will hold hearings for at least two weeks, after which the bill goes to the House Finance Committee.
State expands Pikka unit - 02/19/2017 (Login to read Full story)
The Alaska Department of Natural Resources has agreed to expand the Pikka unit to include 24 leases along its southern end, according to a recent lease report from the state.
Armstrong Energy LLC requested the expansion last year to accommodate its drilling plans for the unit. The expansion added 17....
State, Flint Hills reach settlement - 02/19/2017 (Login to read Full story)
State environmental regulators have reached a settlement agreement with Flint Hills Resources over sulfolane contamination at the company's now-closed refinery at North Pole.
Under the agreement Flint Hills will pay $80 million toward construction of a $100 million piped water system. Alaska has ag....
EIA says supply, demand to be in balance - 02/19/2017 (Login to read Full story)
The U.S. Energy Information Administration said Feb. 7 in its Short-Term Energy Outlook that it expects the oil market to be relatively balanced this year and next.
“Global oil supply and demand is now expected to be largely in balance during 2017 as the gradual increase in world oil inventories th....
Seamount reappointed to AOGCC - 02/19/2017 (Login to read Full story)
Commissioner Dan Seamount has been reappointed to the geologist seat on the Alaska Oil and Gas Conservation Commission by Gov. Bill Walker. Seamount was named to fill remaining years on that seat in January 2000 and was reappointed to full six-year terms in 2005 and 2011. His current reappointment i....
Chenault: Seeking clarity on AKLNG - 02/19/2017 (Login to read Full story)
House Rep. Mike Chenault finds himself in a different position: he's in the minority — this after a record four terms as House speaker. Still, the Nikiski Republican remains engaged in resource development issues, some of which are parked in his back yard. He's not on the Resources Committee this ye....
The challenges facing Alaska economy - 02/19/2017 (Login to read Full story)
With job losses in many sectors of the Alaska economy and with the state government in something of a pickle over its fiscal challenges, the state is clearly in an economic recession. But how long may this recession last? How deep will it become? And what may be the best way of addressing it?
AOGCC issues final decision on CIE - 02/19/2017 (Login to read Full story)
The Alaska Oil and Gas Conservation Commission has issued a final decision and order, fining Cook Inlet Energy $446,000 for regulatory violations for the safety valve system for the Sword No. 1 wells and for the company's failure to provide information requested by the commission on the company's sa....
Testimony filed for Enstar rate rise - 02/19/2017 (Login to read Full story)
In response to Enstar Natural Gas Co.'s application last summer for a raise in its gas shipment rates, multiple filings have been made with the Regulatory Commission of Alaska challenging the gas utility's rate increase. The commission earlier suspended the new rates pending a hearing into the rate....
Major hydrate GHG release unlikely - 02/19/2017 (Login to read Full story)
People have speculated that the massive release of methane from methane hydrate deposits under the seafloor, as the Earth's climate warms, could accelerate the warming process. Methane is a greenhouse gas that is much more potent than carbon dioxide, the bęte noire of the global warming debate. The....
Leak from 8-inch fuel gas line in inlet - 02/19/2017 (Login to read Full story)
The Alaska Department of Environmental Conservation said in a Feb. 15 situation report that there is a processed dry natural gas leak from a fuel gas line between platforms in Cook Inlet.
DEC said the leak was discovered Feb. 7 by a Hilcorp helicopter flying between Nikiski and Platform A.
BLM delays e-filing drilling permit rule - 02/19/2017 (Login to read Full story)
Following an instruction from the White House to postpone by 60 days any new federal regulation that has been published in the Federal Register but has not gone into effect, the Bureau of Land Management has placed on hold a rule enabling the electronic filing of applications for permits to drill on....
US drilling rig count increases 12 to 741 - 02/19/2017 (Login to read Full story)
The number of rigs drilling for oil and natural gas in the U.S. increased by 12 the week ending Feb. 10 to 741.
A year ago, 541 rigs were active.
Houston oilfield services company Baker Hughes Inc. said 591 rigs were targeting oil (up eight from the previous week) and 149 targeting for natural gas....
Acid leak sends 7 to hospital at refinery - 02/19/2017 (Login to read Full story)
Seven workers were taken to a hospital after a toxic acid used to make gasoline was released at a Phillips 66 refinery near Bellingham.
The Bellingham Herald reports (https://goo.gl/DiqC6L) the leak of hydrofluoric acid happened at about 5 p.m. Feb. 10.
Phillips 66 said in a statement that three o....|