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State geologists raise estimates for Inlet gas reserves

...gas utility, consume about 90 billion cubic feet of gas yearly, and the remaining gas is used as fuel on oil and gas production platforms and by Tesoro, which owns a refinery at Nikiski. "The 90 billion cubic feet a year of demand does not...

http://peninsulaclarion.com/news/2015-02-25/state-geologists-raise-estimates-for
News
BlueCrest, WesPac ink deal to develop Cosmo

...commitment for the drilling of gas production wells and installation of two...company's construction of a gas production platform its Kitchen Lights project...BlueCrest hopes to install the first gas production platform in 2016 and a second...

http://peninsulaclarion.com/trends/2015-02-23/bluecrest-wespac-ink-deal-to-devel
Trends
Inlet rebound comes at cost to state during price plunge

...turnaround in Cook Inlet oil and gas production in recent years is one of the...for it, has increased natural gas production in Southcentral Alaska, easing...independent.Furie's project is a new gas production platform and connector pipelines...

http://peninsulaclarion.com/trends/2015-02-23/inlet-rebound-comes-at-cost-to-sta
Trends
Industry wary amid shakeups

...March by the Department of Natural Resources for the state taking "in kind" payment (in gas) for royalty and the gas production tax.The authorizing legislation for the state's participation in the project provides for this, but the state...

http://peninsulaclarion.com/trends/2015-02-23/industry-wary-amid-shakeups
Trends
Administration "fully engaged" in advancing Alaska LNG project

...receive its full 25 percent share of gas production in the event of a problem in the...Because the state does not control gas production operations, unlike the producer...firms have operational control of gas production plus access to other LNG on world...

http://peninsulaclarion.com/trends/2015-02-23/administration-fully-engaged-in-ad
Trends
BLM clears way for petroleum reserve development

...S. Bureau of Land Management issued a final decision Friday that it said will open the way for the first oil and gas production from federal lands in the National Petroleum Reserve-Alaska.The decision is a shift from the alternative that...

http://peninsulaclarion.com/news/2015-02-14/blm-clears-way-for-petroleum-reserve
News
CH2M Hill calls off Alaska unit sale

...summer, Bailey said. CH2M Hill is playing a key role in that project as manager of the installation of four huge gas production and process modules that will arrive on the 2015 summer sealift.The company is doing a lot of other work on Point...

http://peninsulaclarion.com/news/2015-02-12/ch2m-hill-calls-off-alaska-unit-sale
News
Legislature gavels in

...strongly worded opinion piece this month in which Walker said Alaska is expected to pay out $100 million more in oil and gas production credits than it takes in in oil taxes this year, Walker said he is not planning to reopen the oil tax debate.He...

http://peninsulaclarion.com/news/2015-01-20/legislature-gavels-in
News
Walker: Nothing off the table in Alaska budget talks

...earnings reserve account.Increases in statewide costs, such as pension system payments, debt service, and oil and gas production tax credits, account for a large portion of the increases in the operating budget over the last nine years, the...

http://peninsulaclarion.com/news/2015-01-19/walker-nothing-off-the-table-in-alas
News
Consultants suggest possibly revisiting Cook Inlet credits

...projected to pay about $100 million more in oil and gas production credits this year than it collects in production taxes...no oil production taxes and a low, fixed rate on gas production. The report said a pre-2006 tax regime largely...

http://peninsulaclarion.com/news/2015-01-29/consultants-suggest-possibly-revisit
News

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