The Latest in Alaska Energy, Politics, & Industry. RTs, mentions & links are not endorsements. AK Headlamp is a project of the Alaska Support Industry Alliance.
We’re hearing that tax attorney Steve Mahoney’s testimony yesterday before the conference committee on the proposed S-corp tax provisions had a significant impact, raising serious questions about whether the language is actually ready for prime time.
During session, Sens. Wielechowski, Dunbar, and Giessel have maintained that this provisions was modeled, vetted, and ready to move. Yesterday’s testimony painted a different picture, with tax experts highlighting major drafting, implementation, and administration issues that remain unresolved and unworkable.
Regardless of your view, it’s clear the language wasn’t fully developed before being attached to the gasline bill. Hilcorp and others have been raising many of these concerns for years. It appears now, with a third part highlighting them, they are finally getting due consideration.
We’re also being told that simply delaying the effective date, like they did for a year in the Senate floor version, doesn’t resolve the underlying technical problems or address investor confidence issues.
It will be interesting to see what comes out of the conference committee.
ICYMI on @NEWSMAX : New Newsmax coverage: We are urging President Trump to limit EPA’s retroactive veto power over energy, mining, and infrastructure permits. Read more: https://t.co/oFGMraY8Rm
I had a good discussion with KMT Chair Cheng Li-wun today. I’m a strong advocate for the US-Taiwan relationship, regardless of politics in Taiwan. But, as I told her, we need KMT to join with the DPP to finish the defense budget and support the Alaska LNG project.
The EPA’s veto power is a “kill switch” that can stop energy, infrastructure & mining projects AFTER they’re approved.
We are fighting to protect U.S. energy security.
Read more: https://t.co/45ch2cuAhJ
#EnergySecurity#EPA#Infrastructure
@Bruce02237425@alaskalandmine As a former revenue employee who understands just how fragile Alaska's economy is - would have thought you'd be cheering the opportunity for hundreds of millions in new state taxes and royalties instead of trying to stop it.
Pikka — representing a more than $3 billion investment from Australian company Santos, which announced first oil there May 18 — is Alaska’s first new oil project in decades. https://t.co/W8xBo7LOFI
World energy leaders are watching Alaska because Alaska energy can power the world. Global energy executives met this week at the Alaska LNG site to discuss how Alaska LNG is designed for energy leadership in Alaska and across the Pacific. #akleg#LNG#AlaskaLNG
Alaska LNG just locked in ConocoPhillips on a 30-year gas supply deal.
The FID is now within reach.
Glenfarne's Alaska LNG now has supply agreements with ConocoPhillips, ExxonMobil, Hilcorp Alaska, and Great Bear Pantheon.
That's enough contracted volume to support a Final Investment Decision for Phase One.
Phase One is a 739-mile, 42-inch pipeline running natural gas from Alaska's North Slope to in state consumers.
Phase Two adds LNG export facilities at Nikiski the piece that turns this into a global story.
For years, Alaska LNG was talked about and never built. The gas is there.
The demand exists.
The problem was always getting producers to commit.
ConocoPhillips just changed that calculus.
Alaska Senate votes to raise taxes on oil and gas, apparently aimed specifically at our friends at @HilcorpEnergyCo.
@GavinNewsom would be proud.
@GovDunleavy is no Gavin Newsom. We expect he will veto it if it gets to his desk.
https://t.co/F7AlGD695i
When you hear this term in the energy industry, we’re talking about the complex assembly of valves, pipes, and fittings used to safely control and regulate the flow of oil and natural gas from the casinghead of a well.
The clothes you wear are powered by oil and gas. From polyester in your t-shirts to nylon in your jackets and spandex in your workout gear — synthetic fabrics are made using petrochemicals from oil and gas. Follow us to see how energy supports the products we use every day.
DID YOU KNOW?
On November 16, 1973, President Nixon signed the Trans-Alaska Pipeline Authorisation Act, a major energy infrastructure project born from the 1973 oil crisis. #Energy#Alaska#onthisday
Alaska's own @RepNickBegich has been recognized by @NatResources this week in a member spotlight highlighting his passionate work on resource opportunities in Alaska. Alaska's miners couldn't agree more!
When I was a little kid, I thought my Dad wasn't home sometimes because he didn't love me. After the bust of 86 (I was 9.), my Dad worked about a billion and 83 hours a week in a hot oil truck to keep us fed. He took a second job hauling cotton at Christmas. My Dad still made it to every football, baseball, and basketball game he could get in from the field for.
When I grew up and broke out in the oilfield, I started to learn my Dad wanted to be home all those times. Like all oilfield dads, he was working his ass off to give us a good life because he loved us so much.
Here's to oilfield dads who are busting your butts to provide for your families, power the nation, and fuel the world!