Globe and Mail by Josh Wingrove. With high energy royalties and soaring land lease sales, Alberta inched closer to a balanced budget last year.The province’s fourth-quarter report for the 2011-2012 fiscal year, released Thursday, shows a total deficit of just $23-million on its $39-billion budget. It had been forecasting a $3.4-billion deficit. The changes come as welcome news to Alison Redford’s government, which has been under fire from the official opposition Wildrose Party for not managing to balance the books even as the province is awash in energy wealth. “We are all very fortunate to be in Alberta. Our economy is strong and our bottom line is healthy,” Finance Minister Doug Horner said in a statement.
Federal Gas Pipeline Coordinator article by Bill White (Photo). Before the first cargo load of liquefied natural gas could set sail from Alaska for Asia, the project's export paperwork must be in order. That paperwork would include a federal agency's finding that exporting the gas would not harm the nation's public interest. The Department of Energy already is pondering that question for Lower 48 projects as companies there push to export U.S. LNG. The paperwork also would involve a step that applies only to exporting Alaska North Slope production as LNG: The president must declare that shipping the gas out of the United States won't hurt U.S. gas supplies or the price U.S. consumers pay for energy. Other federal and state authorizations would be required, of course. ....
Today's Federal Gas Pipeline Coordinator Links:
Yesterday, we sent an email to our readers alerting them that the EPA had given final approval to Shell's Arctic OCS air quality permits. And we editorialized. Here is an Associated Press story appearing today and this is Governor Sean Parnell's (NGP Photo) reaction. -dh
Today's 7th Annual Oil and Gas Congress at the Marriott Hotel in Anchorage is first welcomed today by Anchorage Mayor Dan Sullivan (NGP Photo), followed by Governor Sean Parnell's keynote address. Alyeska Pipeline CEO Tom Barrett will examine declining pipeline throughput issues while Exxon and TransCanada gas pipeline project representatives will offer their latest status report. We will hear from the gas pipeline Federal Coordinator, Larry Persily and Alaska's stand alone pipeline project CEO Dan Fauske. Canada's Aboriginal Pipeline Group and Alaska's Arctic Slope Regional Corporation will analyze energy issues from their unique perspectives while Alaska's oil and gas director, Bill Barron and Great Bear Petroleum's Ed Duncan will bring us current on statewide prospects and north slope shale and viscous oil issues. Finally, we are delighted that the founder of the Alliance Pipeline, John Lagadin, will give the first ever review of how he overcame the challenges leading to construction of one of North America's largest energy projects--and apply that challenges to current Alaska North Slope and Mackenzie valley challenges.
We'll tell you about tomorrow's program, tomorrow!
Jennifer Thompson of the Federal Coordinator's office yesterday alerted us to an upcoming gasline forum.
The Feds today released approval of a final supplemental environmental impact statement for Shell's OCS exploration that, if finally approved following one last comment period, could result in mobilization of hundreds of workers next year. Yesterday, a former 'unbiased' Obama appointee to the BP Deepwater Horizon Oil Spill and Offshore Drilling Commission, Frances Beinecke, wrote an Op-Ed for the New York Times criticizing this Alaska exploration. Beinecke is also President of the Natural Resources Defense Council. Like Deputy Interior Department Secretary David Hayes, Beinecke has equally strong connections to the enviro-extremist community and the Obama administration. Below, read the Op-Ed and a fundraising/call to action letter issued simultaneously. -dh
In yesterday's editorial, we challenged readers to carefully analyze the Alaska constitution's requirement for developing resources for maximum benefit of the people. We urged readers to define who the "people" are. Today's parents and grandparents, or tomorrow's children? We are both grateful and honored that the Alaska Dispatch elected to reprint that editorial.
NPG Readers: Prepare to Comment
Testify: Fairbanks 10-19-11, Anchorage 10-20-11
Written testimony due: 11-15-11
Obama Addresses Alaska Resources as Alaska Leaders Respond Guardedly - Truckers Speak Out - NEB Hosts Inuvik Roundtable And Pays Way For Some Guests
NEB. Comment: Canada's National Energy Board (NEB) will host a Roundtable Meeting in Inuvik at the Midnight Sun Recreation Centre from 10 to 16 September 2011 and reimburse certain outsiders up to $300,000 to fly in and sit at the roundtable. We suspect that most of the subsidized visitors to Inuvik will be non-industry advocates. We imagine the September event will merit some discussion at the Inuvik Petroleum Show next month. -dh
Comment: In these pages we have documented that virtually every action taken by the Obama Administration toward Alaska has furthered the Federal attack on the Forty-ninth state's resource-based economy. Now, caught between the Scylla and Charybdis (Photo) of high gasoline prices and a reelection campaign, one can reasonably suspect Obama of offering lip service to economic activity when all the world knows he has done everything possible to shut down Alaska resource development.
One thing that could keep him 'honest' is his support for Senator Mark Begich's concept of a Federal OCS Coordinator, upon which we have commented. If Obama's troops continue to block permits, stall and create diversions which have the effect of allowing no or limited Alaska OCS activity, any new OCS Coordinator will have a lot of explaining to do and that could affect the 2012 reelection of both Obama and Begich.
In the sense that hope springs eternal (and, that it is now spring), and that we have little choice, we shall reserve judgment on whether this new message from the Administration is a signal of responsible action to come or not. -dh
Below is the text of Obama's Saturday message. Here is the video. Here is the House Resources Committee comment. Here is Governor Sean Parnell's response. Here is Senator Lisa Murkowski's response. Here is Senator Mark Begich's response. Here is a NYT response. Here is Daniel Horowitz' commentary.
We exercise our personal privilege: to honor our friend Ron Miller, who passed away yesterday. We are grateful for a good ADN story by Lisa Demer that pretty well describes why those who knew Ron, will remember him as a dedicated citizen who gave more than full measure for the good of his fellow man and whose life of professional competence and high integrity ended entirely too soon. -dh
ADN Compass Piece by Alaska Gas Pipeline Federal Coordinator, Larry Persily (NGP Photo). It's time to once again show that Alaska can handle the biggest jobs. It's time to push for building a pipeline to move North Slope natural gas to North American customers. Anyone who has been following the market knows the nation doesn't need Alaska natural gas for the next several years. Supplies are up, prices are down, and customers generally are content. But as the U.S. economy recovers, as demand for gas builds and our nation grows, there is no guarantee that easily accessible Lower 48 gas supplies will meet all of the needs into the next decade and beyond -- and that is Alaska's opportunity. As the nation's electrical utilities increasingly turn to clean-burning natural gas, they need to know that gas will be there for decades to come -- at affordable prices.
Meet Chairman Caron at the Inuvik Petroleum Show If You Can! - Attend Federal Coordinator Conference on Future of Alaska - TransCanada Trades Pipeline Interest - Commentary: Some Alaska Lawmakers are Adroit
You've got to attend the the Inuvik Petroleum Show 2011! Your author chaired the Arctic gas pipeline and oil exploration panels there in 2002 and while the program was spectacular and useful, the interaction with the community was inspirational. Getting to know Nellie Cournoyea (NGP Photo) from the Inuvialuit Regional Corporation, and Freddie Carmichael of the Gwich’in Tribal Council (now Chairman of the Aboriginal Pipeline Group) was a pleasure and honor. This year, you'll meet another respected friend of this publisher, Gaetan Caron (NGP Photo-above), Chairman and CEO of the National Energy Board (NEB). NEB is Canada's national energy regulator with significant regulatory responsibilities for oil and gas development in the north. NEB's regulatory responsibilities in connection with the Mackenzie Gas project and its recent undertaking of an Arctic Offshore Drilling Review make this presentation at IPS 2011 a significant contribution to conference discussions.
Marketwire. TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced it has entered into agreements to sell a 25 per cent interest in each of Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC (Bison) to TC PipeLines, LP (NASDAQ: TCLP) (the Partnership) for an aggregate purchase price of US$605 million, which includes US$81 million or 25 per cent of GTN's debt. The sale is expected to close in May 2011 and is subject to certain closing conditions. "The proceeds from the sale of a 25 per cent interest in both GTN and Bison will be used to help fund TransCanada's capital program," said Russ Girling, president and chief executive officer of TransCanada. "Once the transaction is complete, TransCanada will hold a 75 per cent ownership interest in both pipelines and will continue to manage and operate these high quality assets as part of its integrated North American natural gas transmission network.
Commentary: According to the Fairbanks News Miner, Anchorage Representative Mike Doogan (NGP Photo) is harrassing the Administration over meetings convened to develop its oil tax position.... We would like to know what meetings certain members of the legislaure have with certain environmental organizations and state budget subsidy beneficiaries as they prepare their own tax and spend positions. It's funny how some politicians are so adroit at changing the dialogue from, "Why in the heck are you spending so much," to "Why in the heck don't some people pay more so we can spend more." -dh