Archive of: Featured Articles, Oil & Gas, Oil & Gas Articles

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LNG Project team ready to work with Walker November Issue 4 2014

LNG Project team ready to work with Walker

It’s full steam ahead on the Alaska LNG Project as the state prepares for a change in leadership at the capital. ConocoPhillips Project Manager Mike Britton said more than 255 people participated in more than $30 million worth of fieldwork on the project during the 2014 season.

AIDEA sells interest in jack-up rig for $25.6 million November Issue 4 2014

AIDEA sells interest in jack-up rig for $25.6 million

The Alaska Industrial Development and Export Authority sold its stake in Kenai Offshore Ventures for $25.6 million and the Endeavour jack-up rig is on its way out of Cook Inlet, the authority announced Nov. 14. Ezion Holdings Ltd. and its subsidiary Teras Investments approached AIDEA to purchase its share of Kenai Offshore Ventures after the joint-venture company was unable to secure long-term work for the Endeavour in the Inlet.

November Issue 3 2014

Groups sue to protect walrus from Arctic offshore drilling

Six environmental groups sued Nov. 10 to throw out a federal agency rule that concludes oil exploration off Alaska’s northwest coast has a negligible effect on walrus. The groups claim the U.S. Fish and Wildlife Service has understated the effects of booming seismic airguns, ship traffic and other industrial activity as it promulgated a five-year walrus harassment rule.

November Issue 3 2014

IEP gas contract, plant cost still uncertain

Crucial elements of the state’s plan to relieve Interior residents of burdensome energy costs are up in the air less than six weeks before everything is supposed to come together. Alaska Industrial Development and Export Authority staff and their Interior Energy Project partners from MWH Global Inc. said at the Nov. 6 AIDEA board meeting that a gas supply contract should be in place by early December.

November Issue 2 2014

Buccaneer assets sold; claims state owes $20M in credits

Bankrupt Buccaneer Energy Ltd. is demanding more than $20 million from the State of Alaska, days after appearing to sell its remaining assets. The Australia-based independent filed a motion Oct. 30 in U.S. Bankruptcy Court for the Southern District of Texas to compel the state to pay tax credits it claims it is owed under the Alaska’s Clear and Equitable Share, or ACES, oil and gas tax system.