Canada Also Finds That Oil Incentives Work: Calgary Herald by Dan Healing
ADN Op-Ed by Rick Rogers (NGP Photo). In reading Bill Walker’s (NGP Photo-below) recent column on why he would be voting yes in the August primary election referendum to repeal oil tax reform, it was hard to understand how he could come to that conclusion if he stepped back and critically examined his very own statements about the ACES tax structure.
...he, in reality, made the case to keep oil tax reform intact and vote no.
ConocoPhillips Alaska announced yesterday that it has signed a contract with Doyon Drilling to build a new rotary drilling rig for the Kuparuk River Unit on Alaska’s North Slope. This is the first new-build rotary rig that ConocoPhillips has added to Kuparuk’s rig fleet since 2000.
...Doyon 142 will employ about 100 people directly and support hundreds of indirect jobs. Currently,
ConocoPhillips has six development rigs working on the North Slope and one in the Beluga River Unit in Cook
“The contract for the rig is long-term and is one example of how Senate Bill 21 (MAPA, or the More Alaska
Production Act) is making a positive impact on Alaska’s economy. This opportunity is good for Doyon, its
shareholders and Alaska,” stated Doyon President and CEO, Aaron Schutt (NGP Photo above).
In addition to the rigs, since the passage of SB 21 ConocoPhillips has also announced plans to pursue three
new projects on the North Slope. ...“Contracting for a new rig is another step we are taking to increase production on the North Slope,” said Trond-Erik Johansen, president of ConocoPhillips Alaska (NGP Photo). “SB 21 has improved the business climate in Alaska, and we are investing in projects that add production, increase state revenues, increase contributions to the Permanent Fund and create jobs and business opportunities for Alaskans.”
ADN by Suzanna Cauldwell. Gone are the early mornings when dozens of trucks and four-wheelers would commute from the communities of Newhalen and Iliamna to the Pebble Partnership offices, located about 5 miles north of Newhalen, to prepare for exploration work at the site of the proposed Pebble mine. Also gone are the numerous helicopters, which each day would zoom from the Iliamna airport, a mere 18 miles from the proposed mine site. (See our commentary re: the Pebble Project. -dh)
ADN Op Ed by Paul Jenkins. While the Environmental Protection Agency pursues its dubious war on the proposed Pebble mine project, and the end-justifies-any-means crowd applauds, we should be asking: Which project is next and how far will we allow this federal agency to exceed its lawful authority?
Petroleum News, by Steve Quinn. Dan Fauske (NGP Photo) and his team at the Alaska Gasline Development Corp. are plenty busy representing the state’s interest in a prospective LNG export project during a pre-front end engineering and design phase these next 18 months.
But the organization’s president doesn’t want the public to forget that AGDC remains immersed in pursuing a $7.7 billion, 727-mile, 36-inch, in-state line designed to serve Alaska markets.
Alaska Dispatch by Jonathan Katchen. Much of the discussion surrounding our oil taxes is driven by emotion and ideology instead of facts. Most Alaskans want a vibrant oil industry that generates good paying jobs, keeps the oil flowing for years to come and provides Alaskans with a fair share of revenue. Here’s why voting to repeal SB 21 will jeopardize these goals.
Calgary Herald by Stephen Ewart. Canadian Pacific Railway and Canadian National Railway reported record second quarter financial results in the past week, based in part on strong North American energy markets that included the growing volumes of crude transported by rail as well as increased shipments of frac sand and drill pipe.