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   Gold/Mining/EnergyAlaska Natural Gas Pipeline


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From: Snowshoe2/23/2016 5:55:47 PM
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Alaska gas line project likely in for big changes as low oil prices persist
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From: Snowshoe2/23/2016 5:56:48 PM
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Obama to governors: Fossil-fuel states need to get ready for change
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To: Snowshoe who wrote (557)4/23/2016 2:27:22 AM
From: Snowshoe
   of 570
 
After decades of failed attempts, oil production begins at Point Thomson
adn.com

Alex DeMarban - April 22, 2016

Oil production has begun at ExxonMobil’s Point Thomson field near the Arctic National Wildlife Refuge, a complex project that became a reality after decades of failed attempts by the company and court fights with the state. ExxonMobil announced the news on Friday.

Production at Point Thomson is considered critical to the state’s long-sought effort to build an 800-mile pipeline that can deliver the North Slope's natural gas to ports where it can be shipped to buyers overseas, because the field contains much of the gas to support the project.

So far, a trickle of oil is flowing. About 5,000 barrels daily of condensate -- the light oil that's similar to kerosene or diesel -- is being dripped from 100 million cubic feet of natural gas. That amount of gas – almost half the gas used in Southcentral Alaska on an average day -- will be extracted daily, then pumped back into the ground after the light oil has been extracted.

The light oil is piped to the trans-Alaska pipeline, mixing with the crude oil and increasing production levels that recently have been around 540,000 barrels of oil daily.

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Depending on what ExxonMobil learns from the project's first phase, it’s possible condensate production at the field could be increased, to as much as 70,000 barrels of condensate daily, according to the agreement.


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From: Snowshoe10/5/2016 4:16:58 AM
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Caelus claims offshore Arctic oil discovery that could rank among Alaska's biggest ever
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Caelus Energy Alaska said Tuesday it has made a "world-class" oil discovery that, if estimates prove true, could be one of the largest finds ever in Alaska.

The Smith Bay site, in shallow waters about 50 miles southeast of Barrow, could "provide 200,000 barrels per day of light, highly mobile oil," the company said in a press release Tuesday.

If correct, that production level would make the field more prolific than ConocoPhillips' Alpine unit, which began production in 2000 and reached a production peak of 139,000 barrels in 2007.

The statement from Caelus does not indicate analysis by a third-party engineering firm. The estimates are the company's internal numbers, a spokesperson said Tuesday morning.

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From: Snowshoe12/22/2016 12:41:02 AM
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The endless saga continues ...

New milestone in the gas line project: The state is taking over the effort
adn.com

The state gas line corporation on Wednesday reached a milestone in its effort to take over the Alaska LNG project, authorizing two agreements with Exxon Mobil, BP and ConocoPhillips, including one giving the state the rights to about $600 million worth of accumulated project data.

The second agreement allows the state to notify the lead permitting agency, the Federal Energy Regulatory Commission, that the three oil companies will withdraw from the gas pipeline application they have before the agency, leaving the state-owned Alaska Gasline Development Corp. as the lone applicant.

Neither agreement can be disclosed because of the state's confidentiality agreements with the oil companies. The Legislature has given the project a broad exemption to state public records law.

Two other transition agreements must still be completed, with plans calling for signing those early next year, said Keith Meyer, AGDC president. Those agreements would give the state the project's federal export license and control of land near Nikiski to build a plant to liquefy North Slope gas, key assets currently owned by the oil companies

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The oil companies grew wary of spending more money on the $55 billion project following the release of a report in August by energy consulting firm Wood MacKenzie. The study viewed the project in its current form as uncompetitive, due to its high costs and a glut of LNG projects competing around the world.

But the study also said a state-led project could achieve advantages that lower costs and improve its outlook, including possible federal tax exemptions. The oil companies have said they will provide gas to a state project at commercially reasonable terms.




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