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AIDEA Board Approves Pentex Sale None 

AIDEA Board Approves Pentex Sale

The Alaska Industrial Development and Export Authority (AIDEA) Board on Thursday approved a Resolution that authorizes AIDEA to sell Pentex Alaska Natural Gas Company, LLC and its assets, including Fairbanks Natural Gas, to the Interior Gas Utility (IGU).

State receives $21.2 million in oil and gas lease sales None 

State receives $21.2 million in oil and gas lease sales

Senate Passes Legislation to Open Alaska’s 1002 Area None 

Senate Passes Legislation to Open Alaska’s 1002 Area

U.S. Sens. Lisa Murkowski, Dan Sullivan, and Rep. Don Young, all R-Alaska, today released the following statements after the Senate passed H.R. 1, the Tax Cuts and Jobs Act, which includes Murkowski’s title opening a small portion of the non-wilderness 1002 Area of the Arctic National Wildlife Refuge (ANWR) for responsible energy development.

Doyon to Drill New Exploration Well in Nenana Basin None 

Doyon to Drill New Exploration Well in Nenana Basin

Doyon, Limited announced that it intends to drill a new oil and gas exploration well in the Nenana basin west of Fairbanks during the summer of 2018. The well, to be called Totchaket #1, will be drilled on one of several promising areas identified from a 64 square mile 3D seismic program conducted earlier this year.

State asks FERC for ‘immediate action’ on environmental review None 

State asks FERC for ‘immediate action’ on environmental review

The Alaska Gasline Development Corp. (AGDC) has asked federal regulators to take “take immediate action” to speed up the environmental review of the state-sponsored Alaska LNG project “in a timely, efficient, and cost-effective manner.” As a first step in that effort, the state corporation wants the Federal Energy Regulatory Commission (FERC) to issue a schedule for the project’s environmental impact statement by Dec. 15.

AGDC - Commercial and Marketing Update None 

AGDC - Commercial and Marketing Update

AGDC Vice President of Commercial and Marketing, Lieza Wilcox will provide an update on the recent international activities and an overview of the Alaska LNG project.

Presidents Trump And Xi Witness Historic Signing of Joint Development Agreement for Alaska LNG None 

Presidents Trump And Xi Witness Historic Signing of Joint Development Agreement for Alaska LNG

It was a historic day for the State of Alaska and the United States as Governor Bill Walker signed the five-party joint development agreement (JDA) for the Alaska liquefied natural gas (Alaska LNG) project. This historic signing is the most significant step toward finally monetizing Alaska’s vast resources of natural gas. President Donald Trump and President Xi Jinping were present for the signing ceremony at the Great Hall of the People, underscoring the international importance of the agreement.

New Director of Business Development Joins the Global Team None 

New Director of Business Development Joins the Global Team

Eric Rose, formerly of Weiler Products and Caterpillar, has joined Global Diving & Salvage, Inc. as Director of Business Development. He is responsible for the marine service company’s long-term revenue generation, and the support of Global’s regions and service lines, including marine construction, commercial diving, environmental services and marine casualty response.

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Kairos patents a new solution aimed at re-energizing Alaska’s oil industry

Kairos, LLC, a subsidiary of NANA WorleyParsons, LLC, has developed and patented the Mobile Arctic Production System (MAPS) that aims to encourage oil exploration and development on the North Slope of Alaska. MAPS provides an ideal solution for marginal oil fields with smaller reserves that may not be economically viable to develop using conventional methods, or as an interim oil production solution prior to full project development.

The Role of the Oil and Gas Industry in Anchorage’s Economy None 

The Role of the Oil and Gas Industry in Anchorage’s Economy

Every three years, McDowell Group conducts a thorough analysis of the oil and gas industry's economic impact in Alaska, including regional information. Join members of the Anchorage Chamber of Commerce and the Alaska Oil and Gas Association (AOGA) for “Make it Monday” on September 25, 2017 as McDowell Group’s, Donna Logan, describes the latest findings on what has changed for Anchorage since the last report was published in 2014.