Alaska Governor Sean Parnell (NGP Photo) reacts to FERC progress toward Alaska LNG export project and TODAY'S Japan-Alaska Memorandum of Cooperation (i.e. two-year, renewable, non-binding understanding between governments ... Read full statement, with link to actual Memorandum).
|Business News Network. Are Canadian LNG Export Projects Facing An Uphill Battle With Competition?|
(Reuters) - Japan's trade ministry and Alaska's Department of Natural Resources on Monday signed a memorandum of understanding to help Japan procure low-cost and stable supplies of liquefied natural gas(LNG), a government official said. (Other links: Platts, O&G Journal, US Energy Information Administration)
As Energy East application nears, communities weigh risks, benefits of pipeline
CALGARY - For the mayor of North Bay, Ont., it's all about protecting the city's ... Roughly two thirds of it would make use of underused natural gas pipe ...
NIKKEI JAPAN REVIEW -- Japan's Ministry of Economy, Trade and Industry will assist domestic businesses in importing natural gas produced in Alaska, hoping to secure a relatively low-priced fuel from a region not susceptible to geopolitical risks.
Global energy producers, including Exxon Mobil and BP, are pursuing a natural gas project in northern Alaska, with a goal of starting production in 2023-24.
The ministry will sign a memorandum of understanding with Alaska's energy authority on Monday to ensure Japanese electricity and gas utilities can obtain favorable terms, including prices and reselling rules, in importing output from the project.
TODAY'S NEWS LINKS FROM: Office of the Alaska Gas Pipeline Federal Inspector.
Governor Welcomes More Progress on Alaska LNG Project
September 8, 2014, Juneau, Alaska – Governor Sean Parnell today welcomed news that the Alaska LNG Project reached another milestone with its formal request to the Federal Energy Regulatory Commission (FERC) to begin the pre-file process for the natural gas project. In doing so, the project triggers FERC’s National Environmental Policy Act permitting process.
Governor Parnell also announced today the State of Alaska and Japan’s Ministry of Economy, Trade and Industry (METI) signed a Memorandum of Cooperation (Link Here) regarding the Alaska LNG Project and other natural resource development opportunities in Alaska.
“This agreement is yet another key milestone in the State’s rapid advancement of the commercialization of our world-class North Slope natural gas resources – to Alaskans first and then to markets beyond,” said Governor Parnell, noting that Japan is the world’s largest importer of LNG.
Natural Resources Commissioner Joe Balash and METI Agency for Natural Resources and Energy Commissioner Takayuki Ueda signed the agreement on Sept. 8 in Tokyo.
“It is an extremely positive development that the government agency that sets Japan’s energy policy and works closely with Japan’s utility market has taken a strong interest in the Alaska LNG Project and the State’s overall natural resources portfolio,” Balash said.
The Alaska LNG Project is a consortium of the three major North Slope producers, pipeline builder TransCanada Corp., and the State of Alaska.
The project formally entered the Pre-Front End Engineering and Design (Pre-FEED) stage in July, during which the Alaska LNG Project is spending hundreds of millions of dollars on design and engineering and creating hundreds of jobs. Also during this stage, the producers and the State are beginning to engage the LNG sales market. In August Energy Secretary Ernest Moniz exempted the project from a rule that has slowed the approvals for Lower 48 LNG export projects.
The memorandum with METI is part of the State’s ongoing efforts to engage the LNG markets in Asia, and it builds upon an existing agreement the State signed with the Japan Bank for International Cooperation (JBIC) in January. JBIC is a public financial institution that plays a critical role in financing and securing Japan’s LNG imports.
ADN Op-Ed by Nils Andeassen. America’s increasing attention on the Arctic is timely and well-deserved but it’s important to recognize that there have been many individuals and organizations whose focus on the Arctic over the years we are now building on.
Office of the Alaska Gas Pipeline Federal Coordinator, by Bill White.
CBC by Sophia Harris. America and Canada are friends. That’s the main message Americans got from phase one of the federal government's multimillion-dollar advertising campaign to promote Canadian oil in Washington and drum up support for the Keystone XL pipeline.
That’s no surprise to some Washington-based Canada-U.S. relations experts who say the first leg of the campaign was too polite and, (more....)
Construction of the multibillion-dollar Alaska LNG project would tap a bounty of public resources – crossing rivers, disturbing soils and vegetation at least temporarily, creating emissions that would alter air quality, encountering threatened and endangered species.
The project’s sponsors cannot use the public’s water, land and other resources without permission, and a public process finding that such uses would be acceptable, findings that likely would come with strings attached.
The sponsors know the task ahead and have been gathering the environmental data regulators would want to see. We provide a brief guide to the federal agencies handling the major authorizations Alaska LNG would need.
Commentary on, "A Brave New World of LNG Export Competition", by Dave Harbour
Our friend, James Halloran (below, right) advises his newsletter recipients this morning that LNG Project competition is intense. This is why Alaska cannot take its resources for granted--cannot just assume that they will be both marketable and marketed. And, we can help! In a Brave New World of LNG export competition, Alaska's government and people need to work with and support reasonable natural resource development in the State. Alaska's Constitution (Para. 2) demands it. The Alaska Statehood Act depended upon it. And, the future of Alaska and her coming generations absolutely require an economy sustained by reasonable resource development. We don't know if the Alaska LNG Project will ultimately be both marketable and marketed. We do know that its sponsors will need exceptional support of Alaska's citizens to overcome the awesome forces of competition, augmented by Alaska North Slope Gas natural marketing obstacles: remoteness, climate expenses, labor expenses and logistics expenses. We also conclude that our Canadian friends face some of the same, man-made competitive obstacles and natural resource advantages.
Commentary by Energy Consultant, James Halloran.
There are over two dozen proposed LNG export projects in the US that, if all enacted, would involve shipping 38 Bcf of gas per day (over 50% of current domestic production).
Obviously, the actual number will be much smaller than that. The best guess (and it is no more than that) is that US LNG export capacity may reach about 8-10 Bcf/day.
About 2-4 Bcf will represent “swing capacity” for such majors as Exxon, arbitraging between the Atlantic and Pacific basins (and not operating full-time).
The total capacity ultimately built may actually go higher, but at that point some of it will be excess supply.
But the US situation can hardly be looked at in a vacuum. There are a number of major inputs to the LNG supply/demand equation. One of the biggest involves efforts by British Columbia to develop a number of LNG export terminals. The note below describes the critical issues that are headwinds to that effort. We will not repeat what is accented below. But the bottom line is that, while Canada’s only real advantage over the US at this point is closer proximity to the Asian market, with several disadvantages, this does not mean that Canada will cede the market to the US. The BC projects are highly likely to lead to overbuilding in the North American LNG export business.
This is especially likely, given BC’s dream of tax revenue riches from these projects. Rational behavior rarely accompanies government greed. The Canadian natural gas that will supply the BC projects will not come from fields that would go anywhere else, but this only accents the likelihood of competition for the Asian markets that will hold LNG prices down.
(Note: Should Halloran later add into this mix the prospect of an Alaska LNG project, competition becomes even more intense.
Tax greedy Provinces like British Columbia and States like Alaska will have to restrain the temptation to tax their golden eggs out of existence; if not, less greedy, more reasonable, producing area governments will create new nests of golden eggs at the expense of Canada and Alaska. -dh)
On his Face Book Page, Governor Sean Parnell (NGP Photo) writes: Progress on the natural gas pipeline for Alaskans: #Alaska’s LNG Project secured more than 120 acres of land near Nikiski and has nearly 100 more acres under contract. This bodes well for a liquefied natural gas plant, which would be the largest integrated LNG project ever constructed . Some good reporting here: http://goo.gl/KOIU5J
Bloomberg News by Rebecca Penty and Divya Balji. The race to build natural gas export terminals on Canada’s Pacific Coast is inspiring another competition as producers including Painted Pony Petroleum Ltd. (PPY) position themselves as potential takeover targets.
Developers of the gas-rich Montney shale that straddles Alberta and British Columbia are among the best-performing Canadian energy stocks this year, including Painted Pony, Crew Energy Inc. (CR) and Birchcliff Energy Ltd. (BIR) Regulators estimate the Montney, the supply source closest to the sites of proposed LNG terminals, contains 145 years worth of Canadian gas consumption.
As oil majors from BG Group Plc to Royal Dutch Shell (More here....)
TODAY'S ENERGY IN DEPTH ENERGY LINKS BELOW:
As oil boom continues, there's no end in sight for job growth. Dallas Morning News. “We have a lot of production increasing in the shale areas of Texas and North Dakota. And we’re seeing an upswing in the number of rigs in the gulf,” said Paul Caplan, president of Rigzone, which runs an online job board for the industry. “The competition for people is getting tough.”
Bottleneck keeps Permian oil price far below benchmark. Houston Chronicle. Five years into an oil production revival in the Permian Basin, producers tapping the West Texas formation are selling their oil for $21 below the benchmark U.S. price because it's difficult to get thecrude to market. NOTE: Bloomberg also reports.
New Book Documents Hydraulic Fracturing's Promise for America. Heartland Institute (Blog). The new book Groundswell is a highly recommended read. It is more an economics and politics book than a science treatise, and there are plenty of issues in fracking economics and politics to discuss. In an easy conversational writing style, Ezra Levant powerfully debunks a litany of myths regularly asserted by anti-fracking activists.
BP Hires Chief to Run its U.S. 'Lower 48' Onshore Business. Wall Street Journal. Mr. Lawler, most recently an executive vice president and chief operating officer of Sandridge, will take over a new business with "separate governance, processes and systems" from the rest of BP, the company said in a statement. He will report to BP's exploration-and-production chief, Lamar McKay. BP said in March that it would put its lower-48 onshore assets into a new business in an effort to become nimbler and "compete more effectively with the independents," BP CEO Bob Dudley told an investor meeting at the time.
Energy fight advances in North Carolina. Washington Post. North Carolina is down to the final weeks of a hydraulic fracturing battle that has consumed the state government for nearly two years. The state’s Mining and Energy Commission will kick off public hearings this week on the controversial drilling practice, which Gov. Pat McCrory (R) legalized in June. (Click Below For More International and Stateside News....)
Calgary Herald by Dan Healing. Pengrowth Energy Corp. will deliver output from its Lindbergh thermal oilsands project starting next year on a pipeline operated by heavy oil rival Husky Energy Inc., it reported Thursday after markets closed.
Homer News by Tim Bradner (NGP Photo, Nikiski, Circa 2002). The Alaska LNG Project LLC has purchased 120.4 acres from private landowners for a large liquefied natural gas plant at Nikiski, has an additional 97 acres under contract for purchase and also is working with the Kenai Peninsula Borough on conveyance of 29.9 areas....
Is the Federal Government Destroying America's Economy?
What do federal comment periods have to do with this question?
We arrived at a difficult conclusion many months ago.
Any child could see that the rising level of federal government lies, hypocracy, attacks on economic enterprises and willing participation in the Enviro-Industrial-Governmental Cabal could only reflect the most stupid and clueless leadership in the history of the world or, a carefully designed program to destroy the United States -- as we know and love it -- from within.
It's not about energy, carbon emission, NPR-A, ANWR, Pebble Mine, health care, EPA/NSA/IRS overreach, etc., we concluded. It's not about any of these issues. Normal, free citizens need to understand: it's about the accumulation of power. As the Administration's power increases, so do constituencies supporting the Administration: paycheck dependent bureaucrats and government program beneficiaries. As free enterprise projects are blocked, delayed and diminished, the resources, political and voting power of wealth creators is diminished.
There is no big secret here. The Administration and its spokesmen over time have been very clear about an agenda to, "fundamentally transform the United States of America."
...from Saul Alinsky's, "Rules for Radicals" comes this nihilist philosophy studied by Hillary Clinton and Barack Obama:
“The man of action views the issue of means and ends in pragmatic and strategic terms.”
In other words, Alinsky’s radical is not going to worry about the legality or morality of his actions, only their practical effects.
If they advance the cause they are justified. “He asks of ends only whether they are achievable and worth the cost; of means, only whether they will work.”
Dostoevsky famously wrote that, “if God does not
Energy and other natural resource investors an employees need to read and understand what is going on:
Barack Obama's Rules for Revolution: The Alinsky Model, By David Horowitz
The Shadow Party and the Shadow Government: George Soros And The Effort To Radically Change America, by By David Horowitz and John Perazzo
Since the President and the socialist and anarchist mentors (1, 2, 3, 4, 5) upon whom he relies are not stupid, we are left with the sole conclusion that regulatory assaults like the ones noted here are intended.
Citizens, at this point, have few options but to aggressively participate in the public comment period of these issues. Little to no opposing comment of these proposed government actions gives future courts no choice but to say, "Well, the preponderance of comment supported the Administration proposal and we are not inclined to substitute our judgment for that of a regulatory agency which has abided by its notice requirements."
Chances are, as in the case of the National Petroleum Reserve Alaska, the Administration will go on and promulgate the rules it wished to enact, anyway.
But it would be helpful to future litigation were this Administration to promulgate unpopular rules that had been opposed by a strong constituency throughout the various comment periods.
Please read and Act On This US Chamber Warning that could be a death knell to economic recovery, a "climate change" issue earlier articulated by the President -- and this Resource Development Council For Alaska Warning that a precedent of preemptive project blocking could threaten all municipal, state and private projects on public and private lands!
Regarding the latter: preemptive action against project planning gives America the 'rule-of-law' status of a banana republic whose leaders would be empowered to make decisions without providing citizens with their constitutional rights of due process. By this action, citizens would be denied the right to petition their government and receive a fair hearing leading to a just decision.
This situation is both treacherous and heartbreaking. But the handwriting is on the wall and it is reality.
|While we're at it, faithful NGP readers should also be heard on the Feds' comment period regarding an upcoming five-year Outer Continental Shelf leasing plan. Consumer Energy Alliance provides this helpful portal. -dh|
The most dangerous position a person or company can now take is to deny the highly coordinated assault which is upon us and, therefore, refuse to participate, prepare and defend.
|US Chamber Warning OF EPA Attack On American Economy!|
The Environmental Protection Agency (EPA) held a series of hearings last week on its controversial effort to impose sweeping new regulations on carbon emissions. This unprecedented wave of regulations on affordable energy will result in higher electricity bills, fewer jobs, and slower economic growth.
If you weren’t one of the 1,600 people who attended one of the hearings held in Atlanta, Denver, Pittsburgh, or Washington, D.C. last week, it’s critical that you still make your voice heard.
Think the EPA regulations won’t directly impact you? Think again. Here are a few things you need to know about the EPA’s massive regulatory overreach and attack on affordable energy:
Despite the magnitude, cost, and incredible complexity of the EPA’s proposal, the agency plans to finalize and implement the regulations on a rushed and arbitrary timeline after only four public hearings, limited review of the proposal, and a brief 120-day comment period.
We can only stand up to the EPA’s job-killing regulations if we make our voices heard.
It will only take a minute of your time. Will you add your name?
Click here to weigh in with the EPA and demand additional public hearings, an extended comment period, comprehensive analysis by independent organizations, and additional time for states to review the proposal.
This is your chance to have a say in sweeping regulations that will impact entire communities, threaten our energy supply, increase electricity bills, and cost jobs and economic growth.
We also encourage you to personalize the comments to tell the EPA how these regulations will directly impact you, your family, and your community.
The Environmental Protection Agency (EPA) has released a Proposed Determination of the U.S. EPA Region 10 Pursuant to Section 404(c) of the Clean Water Act on the Pebble Deposit Area. The document attempts to assess the effects of a potential mining project, without the project plans.
The proposed determination is a flawed, conclusion-driven document, does not contain site-specific development and mitigation plans, and is based on a hypothetical project that is misleading and inaccurate.
RDC maintains that any project in Alaska should be vetted through existing permitting processes, and be properly evaluated through the National Environmental Policy Act.
Beyond projects in the Bristol Bay region, the EPA's actions set a dangerous precedent for any development project in Alaska, as well as across the nation.
RDC encourages its members to “save the date” for upcoming public hearings:
August 12th 2:00 p.m. • Anchorage
Yesterday, we reported on the LNG export application filed by Alaska LNG project sponsors with the Department of Energy; today, we link you to reports from two of Alaska's most prolific oil industry reporters (-dh):
Peninsula Clarion by Tim Bradner (NGP Photo). An application was filed Friday for the U.S. Department of Energy export permit for the project. North Slope producers, TransCanada Corp. and the state of Alaska asked for permission to export up to 20 million metric tons yearly of liquefied natural gas, or LNG, from Alaska, the group announced in a press release.
Alaska Dispatch by Alex DeMarban (NGP Photo). The Alaska gasline mega-project took a step forward on Friday with the state’s major oil companies filing an application with the Department of Energy to export liquefied natural gas.
TODAY'S ENERGY IN DEPTH ENERGY LINKS:
Rep. Jared Polis’ anti-HF crusade riles Colorado. Washington Times. “If he goes ahead and puts these measures on the ballot, he will be the standard-bearer of far-left green groups, clueless celebrity activists and ultrarich environmental donors who want to effectively wipe out domestic oil and gas production across Colorado and the rest of the nation,” said Simon Lomax, Denver-based spokesman for Energy in Depth.
Halliburton Names New President, Profit Rises 20%. Wall Street Journal. Halliburton Co. gave Chief Operating Officer Jeff Miller the added title of president and said he would join the oil-field services giant's board as part of its succession-planning process. The company, which also reported its second-quarter profit rose 20%, said Mr. Miller will complement the leadership of Chief Executive Dave Lesar.
GOP Senators Question IG’s Right To Probe HF. Forbes. “The Obama Administration’s insistent attempt to link hydraulic fracturing to groundwater contamination in an effort to satisfy radical activists and justify greater federal regulations on the oil and gas industry is not only improperly motivated, but it is an example of the waste and abuse of government resources that is the OIG’s very mission to expose and protect against,” the senators wrote.
The Shale Surge: $80 Billion Boom Is Reshaping North America. Market Wired. Shale zone communities have discovered yet another benefit from their surging economic growth: more of everything. Small towns like Williston, North Dakota, which has relatively little retail, are now catching the eye of major brands like Whole Foods and Trader Joe's.
How shale development fractures the Democratic Party. Washington Examiner, Editorial. The fight in Colorado could be repeated in many states with energy resources. Some voters will choose a technologically advanced nation in which each generation improves its economic lot over the last. Others will side with radical environmentalists who obsess about ridding America of all fossil fuels and even repealing the industrial revolution.
Energy infrastructure has to catch up with the shale boom. Pittsburgh Business Times. As producers continue to develop Pennsylvania's shale-gas fields, the challenge will be to develop the infrastructure necessary for moving the gas to the markets, U.S. Department of Energy Secretary Ernest Moniz said Monday.
Natural gas emits half the GHGs of coal over its lifetime – analysis. E&E News (sub. req’d). When it comes to life-cycle greenhouse gas emissions, natural gas -- whether or not it was extracted using conventional methods -- has about half the climate impact of coal, according to an analysis published yesterday in the Proceedings of the National Academy of Sciences.
Shale plays reduce political risk: Kemp. Reuters, Column. Unlike a conventional oil field, shale plays can be scaled up or down more quickly in response to changing perceptions about risk and return. If the political environment becomes less favourable, the drilling programme can be halted or scaled back. In that sense, the capital commitment required by a shale play is less "lumpy" and therefore less risky.
Shale's social license. Oil & Gas Journal. The newfound abundance of oil and gas unlocked by the shale revolution has yielded increased public scrutiny of the oil and gas industry in the US, bringing with it a host of new challenges and opportunities for constructive collaboration.
Corralling Carbon. New York Times. Even the abundant natural gas unleashed by fracking, while cleaner than coal, is a major source of greenhouse gases. Ultimately, many scientists say, those emissions will need to be trapped and stored, too.
Shale reserves in the North West 'worth £10bn'. BBC. Shale gas reserves in part of the North West could be worth £10bn to the economy and support up to 3,500 jobs, a report has claimed. The figures are based on extracting five trillion cubic feet of gas at 30 sites in Merseyside, Greater Manchester and Cheshire between 2017 and 2031.
Is Russia funding Europe's anti-fracking Green protests? Washington Examiner, Op-Ed. That’s the conclusion NATO Secretary General Fogh Anders Rasmussen drew in an explosive speech in London last month, where he said Russia “engages actively with … environmental organizations working against shale gas, obviously to maintain European dependence on imported Russian gas.”
Opponents Renew Call for South African Shale Halt. Bloomberg. A South African environmental group renewed its call for a moratorium on shale-gas fracking, as the government moves closer to a decision on whether to allow the process opponents say imperils water quality.
Questions raised over viability of shale. Belfast Telegraph. Scientists for Global Responsibility (SGR) and the Chartered Institute of Environmental Health reviewed evidence across several issues linked with shale gas extraction by hydraulic fracturing.
La Habra Heights residents form group to fight drilling proposal. Whittier Daily News. McCaskey also said that oil drilling is not new in La Habra Heights. Oil production on the Southern California Gas Co. property dates back to 1912, according to city records. And there are 180 Occidental Petroleum Corp. active wells in the city, according to state records, he said.
Drill into facts in debate over HF. Loveland Reporter-Herald, Editorial. This debate should focus on facts that can be independently verified. That way, voters are more likely to have the best opportunity to study any proposals and reach informed decisions.
HF initiatives are unnecessary. Sterling Journal-Advocate, Column. I'll be the first say that fracking has its dangers. But the same can be said for any industrialized process that creates jobs and makes modern life possible. But the proposed anti-fracking initiatives do nothing to change that and are completely unnecessary. Just vote no.
Corps of Engineers raises questions about St. Tammany HF permit. New Orleans Times-Picayune. The Army Corps of Engineers has raised concerns about a proposal to frack for oil near Mandeville, stating among other things that steps to avoid wetlands impacts have not been taken and noting other possibly less problematic drilling sites have not been considered.
Race for North Dakota's ag commissioner is all about oil. Reuters. With a legislature that meets only every two years, North Dakota has given an unusual amount of power to the agriculture commissioner and two other members of the state's Industrial Commission, charging the triumvirate with oversight of permitting and other issues critical to the oil industry.
In N.D., oil and gas transformation runs deep. E&E News (sub. req’d). Since 2010, oil production has quadrupled in North Dakota, with more than 8,000 wells drilled. The state collected $4 billion in oil taxes from July 2011 to June 2013, projects a $1 billion surplus for the current biennium and is looking to bring in workers for an abundance of industry-related jobs.
Energy secretary faces questions. Pittsburgh Post-Gazette. Prolific natural gas production from the Marcellus Shale in Pennsylvania and oil from the Bakken Shale in North Dakota has upended the traditional flow of oil and gas as new areas become hubs for fuel supplies, U.S. energy Secretary Ernest Moniz said Monday at Carnegie Mellon University.
Corbett touts long-lasting effects of drilling. Washington Observer-Reporter. “Engineers have figured out how to (drill for gas) and do it safely,” Tom Corbett said Monday morning. “Marcellus Shale has had an impact, and the young engineers will someday look back and see what they did. This is important not just for us, but for generations – plural.”
DEP: Operations can impact water supplies. Pittsburgh Post-Gazette. “Before our members begin well development activities, exhaustive baseline water sampling is conducted by certified third parties, which frequently extends beyond state requirements,” Mr. Creighton said, adding that the baseline testing gives homeowners important water quality and public health-related information.
Still Even Split. Associated Press. New Yorkers appear solidly entrenched — and nearly evenly divided — over whether natural gas hydraulic fracturing ought to be allowed in the state, according to an opinion poll released Monday by the Siena College Research Institute.
Gas pipeline issues challenge for producers, users. Tribune Live. A decade into the “shale gas revolution,” the pipeline issues remain as surging production makes distribution a challenge.
Group seeks full disclosure of chemicals. Associated Press. A group of doctors is demanding full public disclosure of chemicals that would be used to drill for natural gas by hydraulic fracturing in western Maryland.
Furor over gas pipeline not unique to Lancaster County. Lancaster Newspapers. The issues that have surfaced since a proposed 35-mile natural gas pipeline was announced in March in Lancaster County are hardly unique. Take Nelson County, Virginia, a largely rural area in central Virginia where residents and public officials learned in late May of a planned 450-mile natural gas pipeline that would run through their properties.
Businesses Benefit From Shale Boom. Columbus CEO. It may seem like a stretch to say Honda is part of Ohio’s shale-gas boom. But a close look shows that the automaker is using the steady supply and low price of natural gas to improve its bottom line at plants in Marysville and East Liberty.
Think regionally to link energy policy with economic development, report urges. Columbus Business First. The Mid-Ohio Regional Planning Commission is advocating the 12-county Columbus region work together to more efficiently handle energy policy, from infrastructure to job training. “We view this plan as a way to connect energy to the economic success of the region,” said Christina O’Keeffe, director of energy and air quality at MORPC.
Denton HF ban won't solve the problem, mayor says. Dallas Business Journal. Regardless of whether Denton voters decide to ban hydraulic fracturing within city limits on Nov. 4, that won’t solve the real problem: Vested rights of oil and gas companies to re-drill old wells, Mayor Chris Watts said.
New oil train rules likely to have wide reach. Houston Chronicle. Transportation Secretary Anthony Foxx suggested Monday that coming mandates to boost the safety of hauling oil by train will take a comprehensive approach, going beyond requiring changes to the tank cars that carry crude across the country.
Eagle Ford task force to meet in San Antonio. San Antonio Express-News. The meeting will focus on local and statewide water issues. It will include a panel discussion and talks by SAWS President and CEO Robert Puente and State Rep. Doug Miller, R- New Braunfels.
Don't let delay derail needed air actions in Pinedale. Casper Star-Tribune, Column. The state has an opportunity here to show its leadership on a critical air quality issue. Solving the Pinedale problem will show that state government is the home of strong, smart rules, and once again put the state regulators in the driver’s seat, not EPA.
The 17 billionth barrel of Alaskan North Slope crude started down the Trans Alaska Pipeline System (TAPS) this past weekend on Saturday, July 19, 2014. “This is an operational milestone and legacy that we are all proud of,” said Tom Barrett, President of Alyeska Pipeline Service Company (NGP Photo).... (More here....)
We trust that Chris Smith (NGP Photo, Assistant Secretary for Fossil Fuels), who knows Alaska well, will contribute to the rendering of a rapid and just decision. Current world crises have likely exacerbated the need for increased supplies of gas from reliable sources. See Governor Sean Parnell's (NGP Photo) statement here. -dh
CBC by Lee-Anne Goodman, CP. And no visit to the Nunavut capital would be complete without stopping in at Iqaluit Enterprises to take home some truly delicious smoked or fresh Arctic char.
TODAY'S Consumer Energy Alliance energy news links:
ICOSA Magazine: ENERGY 101 – PEOPLE BEHIND ENERGY *Shawn Martini Interview
Our Energy contributor and co-host, Emily Haggstrom talks with Shawn Martini, Communications Director for Consumer Energy Alliance. Consumer Energy Alliance represents energy consumers in the debate over energy policy, and advocates for increased domestic production of all forms of energy, from renewables like solar and hydro-electric to traditional forms of energy including oil and gas.
CBS News: GOP: Democrats “hold out economy hostage” by blocking jobs bills
Expanding domestic energy production is the "best way" to invigorate the American economy, incoming House Majority Whip Steve Scalise, R-La., said Saturday in the weekly Republican address, but the "Democrats running Washington don't seem to get it."
LA Times: Maine town fights plan to use pipeline to export oil sands crude
On Monday night, the South Portland City Council, including Blake, is expected to pass an ordinance that would prevent the export of crude oil from the waterfront. The product of a relentless 18-month campaign by residents and Maine environmental groups, the measure is a response to plans by Portland-Montreal Pipe Line, or PMPL, to reverse the flow of its import pipeline in order to export oil sands crude from Canada, the same petroleum that would run through the controversial Keystone XL pipeline in the Great Plains.
Reuters: Oil trains, born of U.S. energy boom, face test in new safety rules
North Dakota's Bakken oil patch has thrived thanks in large part to the once-niche business of hauling fuel on U.S. rail tracks. New safety rules may now test the oil train model. Within weeks, the Obama Administration is due to unveil a suite of reforms that will rewrite standards conceived long before the rise of the shale oil renaissance, at a time when crude rarely moved by rail and few Americans had ever seen the mile-long oil trains that now crisscross the nation.
Bloomberg BNA: States Likely to Need Extensions to Complete Power Plant Emission Plans, McCabe Says
Most states are likely to need additional time to submit their implementation plans for meeting carbon dioxide reduction targets for existing power plants, beyond the one-year time frame outlined in President Barack Obama's climate action plan, the Environmental Protection Agency's top air official said July 17.
The Hill: Week ahead: Climate regs back under the microscope
A cornerstone of President Obama’s assault on climate change will be back in the spotlight next week, when senators are set to grill the administration’s top environmental official on plans to impose new limits on power plant emissions. Environmental Protection Agency (EPA) Administrator Gina McCarthy will appear Wednesday before the Environment and Public Works Committee
Fuel Fix: Feds OK first-in-decades oil studies off East Coast
The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life.
Columbus Dispatch: U.S. OKs plan to open Atlantic to oil surveys
The Obama administration approved a plan on Friday that would allow companies to assess oil resources off the Atlantic Coast, angering environmental groups worried that the plan will harm marine life and open the door to offshore drilling.
Miami Herald: Carolinas opinion mixed on offshore drilling
The Obama administration on Friday opened the Eastern Seaboard to offshore energy exploration, causing concern in the Carolinas about the effect on sea creatures and tourism but also raising the prospect of new jobs and revenue.
Wall Street Journal: Shale Reshapes Petrochemicals Business
GlobaData flagged the competitive advantage that U.S. companies will receive from the lower cost provided by shale gas. And this opportunity is attracting investment from some of the industry’s bigger names.
The New York Times: Frack Quietly, Please: Sage Grouse Is Nesting
In a new oil field among the rolling hills near here, Chesapeake Energy limits truck traffic to avoid disturbing the breeding and nesting of a finicky bird called the greater sage grouse. To the west, on a gas field near Yellowstone National Park, Shell Oil is sowing its own special seed mix to grow plants that nourish the birds and hide their chicks from predators.
Associated Press: Great Plains shale tested for possible energy uses
Tests this summer on Pierre Shale that stretches across much of the Great Plains could help build the case for an underground lab and, if feasible, lead to energy production or underground storage.
Associated Press: Central Nevada oil lease sale staged under protest.
A U.S. Bureau of Land Management sale of oil and gas leases on public land in central Nevada has been conducted under protest.
POLITICO: Rep. Polis “miscalculation” on HF issue could threaten political ascent
For more than a decade, Polis’s political guesses and gambles have all been right. But his decision to force a fight over oil and gas drilling in a tough election cycle may be a big enough miscalculation to derail Polis’s planned ascension up the Washington ranks. “He’s very focused, but sometimes he can be so laser focused that sometimes he lacks peripheral vision,” Palacio told me.
Roll Call: Renewable shale?
The Energy Department is spending $31 million to move forward with hydraulic fracturing to produce electricity from rocks.
Denver Post: "Tea Party of the Left" wages ferocious battle over HF
He and his like-minded allies have a new, unflattering label, the Tea Party of the Left. Also known as "fracktivists," the group, like their conservative counterparts, is sworn to certain principles — even if those beliefs cost their side of the aisle the election in November.
The Times Tribune: Gulf Oil plans LNG facility in Great Bend
An oil company with Pennsylvania roots plans to have a liquefied natural gas facility up and running in Susquehanna County by the end of 2015. The Great Bend facility would accept natural gas from Williams’ Windsor-Montrose-Washington gathering line and compress it for storage and delivery as a liquid, according to a petition the company, Gulf Oil LP, filed with the Federal Energy Regulatory Commission in April.
WUNC: Public Will Be Able To Comment On NC’s HF Rules
The North Carolina commission that is drafting rules for hydraulic fracturing will host public comment hearings next month.
Allentown Morning Call: Pennsylvania, U.S. benefit from drilling
It's a not a "claim" that shale supports tens of thousands of good-paying jobs — it's a fact. Countless economic studies, from the state Department of Labor & Industry, to the federal Bureau of Labor and Statistics, to many other independent reports, including from IHS Global, confirm these benefits.
Scranton Times-Tribune: DRBC gas pains
Pennsylvania is blessed with abundant water resources, and it belongs to five separate commissions that do important work across a variety of watersheds. The state budget this year singles out only one of those commissions, the Delaware River Basin Commission, for a massive budget cut of more than 50 percent.
San Antonio Express-News: Texas jobless rate holds at 5.1%
Alcantar said every sector has expanded over the last 12 months. Mining and logging, which includes jobs in oil and gas, led the way with a 7 percent annual growth rate.
FOR IMMEDIATE RELEASE
JULY 21, 2014
Export Application Filed with U.S. Department of Energy for Alaska LNG Project
ANCHORAGE, Alaska – In another important step forward for the Alaska LNG project, an application to export liquefied natural gas (LNG) was submitted to the U.S. Department of Energy.
The export application requests authorization to export up to 20 million metric tons per year of LNG for a period of 30 years to countries that have existing free trade agreements with the U.S., as well as to non-free trade agreement countries.
“This is a significant milestone for the Alaska LNG project and demonstrates continued progress toward developing Alaska’s resources,” said Steve Butt, senior project manager. “Filing of an export application is a critical step in commercializing North Slope natural gas.”
The Alaska LNG project would provide significant economic benefits to Alaskans including state revenues, new job opportunities and access to decades of domestically produced natural gas for homes and businesses in Alaska.
According to a study by NERA Economic Consulting, submitted in support of the application, the Alaska LNG project would have “unequivocally positive” economic impacts in Alaska and the United States. The Alaska LNG project is anticipated to create up to 15,000 jobs during construction and approximately 1,000 jobs for operation of the project.
The proposed project facilities include: a liquefaction plant and terminal in the Nikiski area on the Kenai Peninsula; an 800-mile, 42-inch pipeline; up to eight compression stations; at least five take-off points for in-state gas delivery; and a gas treatment plant located on the North Slope.
The Alaska LNG project participants are the Alaska Gasline Development Corporation (AGDC) and affiliates of TransCanada, BP, ConocoPhillips, and ExxonMobil. The project is now in the pre-front-end engineering and design phase, which is expected to be completed in 2016. For more information on Alaska LNG, visit ak-lng.com.
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Miles Baker BP Press Office
Alaska Gasline Development Corporation 907-564-5143/907-301-8726
Natalie Lowman Kim Jordan
ConocoPhillips Alaska ExxonMobil Media Relations
TransCanada Media Relations
Estimates, expectations, and business plans in this release are forward-looking statements. Actual future results, including ultimate recoveries, actual export volumes, and project plans, costs, and schedules, could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; timely completion of development projects; technical or operating factors; and other factors discussed under the heading "Factors Affecting Future Results" in the Investors section of our website (www.exxonmobil.com) and in Item 1A of our most recent Form 10-K. The term "project" as used in this release does not necessarily have the same meaning as under SEC Rule 13q-1 relating to government payment reporting.
This release contains statements that are forward-looking statements and involve risks and uncertainties. It is believed that the expectations reflected in these statements are reasonable, but actual results may differ from those expressed in such statements, depending on a variety of factors, including: the specific factors identified in the discussions accompanying such forward-looking statements; industry product supply; demand and pricing; political stability and economic growth in relevant areas of the world; development and use of new technology and successful commercial relationships; the actions of competitors; natural disasters and other changes in business conditions; and wars and acts of terrorism or sabotage.
This release includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or operating results or the industries or markets in which we operate or participate in general. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that may prove to be incorrect and are difficult to predict such as oil and gas prices; operational hazards and drilling risks; potential failure to achieve, and potential delays in achieving expected reserves or production levels from existing and future oil and gas development projects; unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; international monetary conditions and exchange controls; potential liability for remedial actions under existing or future environmental regulations or from pending or future litigation; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions, as well as changes in tax, environmental and other laws applicable to ConocoPhillips’ business and other economic, business, competitive and/or regulatory factors affecting ConocoPhillips’ business generally as set forth in ConocoPhillips’ filings with the Securities and Exchange Commission (SEC). We caution you not to place undue reliance on our forward-looking statements, which are only as of the date of this presentation or as otherwise indicated, and we expressly disclaim any responsibility for updating such information.
Use of non-GAAP financial information – This presentation may include non-GAAP financial measures, which help facilitate comparison of company operating performance across periods and with peer companies. Any non-GAAP measures included herein will be accompanied by a reconciliation to the nearest corresponding GAAP measure in an appendix.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We use the term "resource" in this presentation that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
FORWARD LOOKING INFORMATION
This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, “expect”, “would”, “believe”, “may”, “will”, “plan”, “intend” or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management’s assessment of TransCanada’s and its subsidiaries’ future financial and operational plans and outlook. All forward-looking statements reflect TransCanada’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to TransCanada’s Quarterly Report to Shareholders dated May 1, 2014 and 2013 Annual Report on our website at www.transcanada.com or filed under TransCanada’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.
ALASKA GASLINE DEVELOPMENT CORPORATION
As an instrumentality of the State of Alaska, the Alaska Gasline Development Corporation (AGDC) is not subject to oversight by the U.S. Securities and Exchange Commission. However, AGDC notes that all forward-looking statements reflect AGDC’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. AGDC undertakes no obligation to update or revise any forward-looking information except as required by law.