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LNG Project team ready to work with Walker

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

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.

North Slope lease bids quadruple from 2013

ConocoPhillips contracts with Nabors for new drill rig

State North Slope lease bids quadruple results from 2013

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Archive » Mining

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Archive » Alaska Oil & Gas Reporter

Balash heads to Japan with BP to market LNG

Marketing efforts for the Alaska LNG Project have formally started, passing another major milestone. State Natural Resources Commissioner Joe Balash accompanied BP officials to Asia on the first formal sales trip for the giant project. “These were BP’s meetings. They set them up and handled the invitations, and we were invited to come along,” Balash said.

FERC filing another important step for Alaska LNG Project

Step by step, the Alaska LNG Project is moving forward. The project made a big advance Sept. 5 with its application to the Federal Energy Regulatory Commission to begin a pre-filing process for the project.

State seeks federal judgment in push for ANWR exploration

The State of Alaska has asked a U.S. Alaska District Court to issue a summary judgment in its lawsuit against the U.S. Department of the Interior over the federal agency’s rejection of a state plan to explore a part of the Arctic National Wildlife Refuge. The action was filed Sept. 8 in Anchorage. Judge Sharon Gleason will decide the issue.

RCA: state needs major power transmission improvements

Alaska has an adequate power supply but an insufficient transmission system, which together could be strained by new Environmental Protection Agency requirements, according to Regulatory Commission of Alaska members.

Unsustainable operating budget threatens state savings

These are uncertain times for Alaska. Public spending is a big part of our economy and the state government is running billion-dollar-plus deficits. If things continue as they are, we could be out of cash in six or seven years.
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Oil Prices and Production
Oil and Gas Prices for 1/12/2012 ($/barrel)

  ANS West Coast $111.65 ($1.77)
  West Texas Intermediate $99.10 ($1.77)
  Henry Hub (mmBTU) $2.67 ($0.14)
    (BBLs)  
  ANS Production 622,966 1/11/2012
source: Alaska Dept of Revenue
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