Political infighting is taking place in Alaska over the state’s hydrocarbon future. This time, however, it’s not over its oil production which has been steadily declining since reaching a peak of over 2 million barrels per day (b/d) in 1988 to a current average of just over 500,000 b/d. Its over the state’s plans to… Keep reading →
Alaska and the oil companies developing the Prudhoe Bay and Point Thompson resources located on the remote North Slope are sitting on a lot of gas that can be used by Alaskan consumers and exported if the stakeholders can work through a maze of financial and technical considerations. With a cost estimated between $45 and… Keep reading →
Project partners and the State of Alaska filed a permit application with FERC on Friday to export an estimated 35 trillion cubic feet of natural gas reserves from Alaska’s North Slope. The mammoth project could cost between $45 billion and $65 billion and would involve constructing an 800-mile pipeline in addition to gas processing, liquefaction… Keep reading →
BP announced yesterday it will sell interests in four Alaska North Slope assets to Hilcorp, a comparatively small, independent, Texas-based operator. BP says the divestment will help focus on increasing output from the giant Prudhoe Bay field and an ambitious LNG export project. “There are some big benefits from this transaction,” said Janet Weiss, President… Keep reading →
ExxonMobil is famously tight-lipped and conservative, and its quarterly earnings calls rarely produce much in the way of stunning news or salacious gossip. But the company’s discussions of ongoing operations at important projects – such as massive oil sands investments, Russian gas export facilities and Alaskan infrastructure targets – touch on some of the trickiest and… Keep reading →
The Alaska LNG project team has selected Nikiski as the lead site for the proposed liquefaction plant and terminal. On October 7, 2013, ExxonMobil, BP, ConocoPhillips, and TransCanada, announced the selection of Nikiski on the Kenai Peninsula as a lead liquefaction plant and terminal site for the Alaska liquefied natural gas (LNG) export project. Prior… Keep reading →
A broad swath of energy industry insiders will be converging on Anchorage for the USAEE North American conference next month, giving the state’s governor an ideal forum to lay out his plans to extract and market the state’s massive gas resources. But geologic features of some of Alaska’s most well-known fields may mean that the… Keep reading →
In case you missed them, here are some highlights from Breaking Energy this week. Video games and social media have figured prominently in our coverage. Video games could be a recruiting tool to draw new talent to oil and gas. Maersk has developed an exploration and development video game that challenges players to find,… Keep reading →
Almost every aspect of energy – sources, financing, scalability and policy – tends to spark spirited debate among stakeholders across the sector. And the United States Association for Energy Economics seeks to bridge the gap between academics, industry professionals, and the government officials and regulators that set the tone for energy investment. Breaking Energy spoke… Keep reading →
