Showing posts with label exxonmobil. Show all posts
Showing posts with label exxonmobil. Show all posts

Thursday, May 26, 2011

‘The Undefeated’ Sneak Peek: Palin vs. ExxonMobil

Palin Admin. to Exxon: Drill Point Thompson or lose the lease
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John Nolte comments at Big Hollywood:
The hopelessly corrupt MSM is already starting to seed the narrative around this film with the nonsense that this is something Palin “commissioned,” which simply isn’t true. She reached out to documentary filmmaker Steve Bannon with the idea of producing some short films that would help to set the record straight with respect to her record as Alaska’s Governor. In response, he suggested a feature-length documentary that he would finance himself as long as he held complete editorial control. The Governor agreed, took her hands off the wheel and only helped him gain access when needed.


h/t for video: SarahNet

- JP

Friday, July 30, 2010

Sarah Palin's Pipeline Attracts 'Multiple Bids' in Major Market Test

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The AGIA pipeline, former Alaska Governor Sarah Palin's signature accomplishment, has taken a major step forward Friday in what is seen as a major market test for the 49th State's bountiful reserves of natural gas. TransCanada Corp. announced Friday that it has received "multiple bids from "major industry players and others" to transport natural gas from Alaska's North Slope to market using the proposed pipeline:
Tony Palmer, TransCanada's vice president of Alaska development, said he's encouraged about the line's prospects moving forward as long as "key conditions" are met.

He didn't specify what those were but said the next step would be for TransCanada to work with potential customers to try to resolve those issues in the months ahead.

[...]

The stakes are high and the interest is intense: A gas pipeline has been held out for years as important to Alaska's long-term economic future, because the production of oil, which is largely responsible for keeping the state running, continues to decline.

[...]

TransCanada, which is working with Exxon Mobil Corp. to advance its plan, successfully bid for an exclusive state pipeline license and the promise of a $500 million reimbursement under the Alaska Gasline Inducement Act championed by then-Gov. Sarah Palin.
TransCanada concluded "open season," its 90-day process of seeking shipping commitments for a proposed line Friday and released few details about the bids, as expected. Palmer had cited competition as a reason for the secrecy. A competing project, Denali-The Alaska Gas Pipeline, a joint venture of BP PLC and ConocoPhillips, began its own open season a few weeks ago. But Denali could fall by the wayside if the two companies sign on to the AGIA project, according to sources who say talks which could lead to that eventuality are taking place among the four companies. Although BP and ConocoPhillips had initially not shown much interest in the AGIA project, British Petroleum's recent difficulties in the Gulf of Mexico have strapped the oil giant for cash, and it may decide to join the competing project because the costs would be spread among four partner instead of just two.

Many of Sarah Palin's critics had claimed that the AGIA pipeline would get shelved long before it ever reached Open Season, but with that stage now apparently concluded successfully, she may well have the last laugh.

- JP

Friday, June 19, 2009

Partnership brings gas pipeline closer to reality

A KTUU report examines some of the many challenges facing the proposed AGIA pipeline. Bringing ExxonMobil on board moves the project one step closer to reality.


- JP

Tuesday, June 16, 2009

Real Palin story of the week lost by the media

The real Sarah Palin story of last week was not that she made David Letterman back down and apologize for his crude attempt at raunchy humor, nor was it her tour de force in New York State, where she made many new friends, was warmly received by enthusiastic crowds and raised a lot of money for charitable causes. The dateline for the big Palin story was not New York City nor New York State, but right here in Texas.

In an article published by Digital Journal, Gary Jackson reminds us that Sarah Palin's announcement from Dallas last week that ExxonMobil had joined with TransCanada to cooperate on the governor's signature AGIA natural gas pipeline project was nothing short of historic:
Alaskans have tried for over 30 years to build a natural gas pipeline from Alaska to the lower 48. Previous Governors have tried to make this happen, and Alaskans have went back and forth on how it should be done.

Governor Palin made this a centerpiece of her administration. Within weeks of taking office, the wheels were set in motion to get this done. The AGIA legislation was passed 57-1 through Alaska’s legislature.

Of course, there were plenty of critics, this was a big undertaking. At $126 billion, the 1712 mile pipeline is the largest infrastructure project in history.

Many thought that Governor Palin had just bit off more than she, or anyone else could chew. There were worries about the market for natural gas. But the demand for the fuel is expected to rise as much as 40 percent by the year 2030.

Obama administration officials who had nothing to do with this, like Energy Secretary Ken Salazar, rushed to claim credit for all of this. A pretty good endorsement of Governor Palin’s efforts.
Though her political enemies have criticized the massive pipeline project, her efforts have won acclaim from those in the energy industry and those who follow it closely.

The government-run media, however, managed to drown out the real story of a genuine achievement by the 2008 GOP vice presidential candidate with the loud noise surrounding the nastiness of a late night comic. Don't get us wrong -- cultural matters are important, and it is of no small consequence that Sarah Palin took a stand against sexism and the demeaning of young girls. And she no doubt won a lot of respect and admiration from many who had previously dismissed her out of hand. But the governor's latest achievement on the gas pipeline is a major accomplishment and one which could likely be critical to the nation's energy security. Without energy a country cannot move, and its economy could be brought to a complete standstill. Without energy, a nation cannot defend itself, as military aircraft, non-nuclear-powered ships and ground transportation would be uselessly stranded.

Jackson's op-ed provides much good information about natural gas and its many uses (including as a motor fuel), and we highly recommend it for a full read. Alaska has been blessed with massive deposits of the clean-burning and relatively inexpensive energy resource, and no one has talked it up more than Gov. Palin. She understands what a huge role natgas could and should play in our country's future:
Governor Palin has again lived up to her billing as an authority on energy. The Governor who previously was chairman of the Alaska Oil and Gas Conservation Commission, as well as the chair of the National Governor’s Association Natural Resources Committee, and the Chairman of the Interstate Oil and Gas Compact Commission, is uniquely qualified to lead on energy independence. And she is most certainly using her industry experience to move America in that direction.
The author praises Sarah Palin's progress on the AGIA pipeline project as a grand slam home run which will make America stronger, and we fully agree.

- JP

Thursday, June 11, 2009

More on the ExxonMobil - TransCanada deal

ADN has some early reaction to the cooperative agreement reached by TransCanada and its new partner ExxonMobil from Gov. Sarah Palin, Interior Secretary Ken Salazar, Sen. Murkowski, Rep. Young and Sen. Begich here.

This is a very big deal for Gov. Palin, who has made the natural gas pipeline the signature energy project of her administration. It is also egg on the face of Begich, who grandstanded just last week over what he perceived as a lack of progress on the project.

TransCanada's press release is here, in PDF format. The governor's news release is here, and photos from the meeting in Dallas are here. Audio from the announcement is here, and detailed information on the partnership is here.

The announcement boosted ExxonMobil shares up 59 cents to $74.43 on the New York Stock Exchange, while TransCanada shares rose 75 Canadian cents to C$33.75 in Toronto.

Update: The take on this by The Anchoress is a must-read.

- JP

Tuesday, June 2, 2009

Gov. Palin Addresses Oil & Gas Luncheon

Governor Sarah Palin spoke today at the Point Thomson Appreciation Luncheon in Anchorage, thanking those who worked to get the first rig in place at the site on Alaska's North Slope so drilling could begin:
"This has at times been a tough process, but today, through collaborative efforts, we’ve seen progress and we’re drilling!" Governor Palin said. "And we’re protecting the environment through effective permitting and monitoring, ensuring safe operations for those at the drill site. And, bottom line: we’re making sure that our oil and gas resources are consistently developed according to the mandate of our constitution – for the maximum benefit of the people of Alaska."
According to the governor's office, Point Thomson reserves are estimated to include hundreds of millions of barrels of oil and over 8 trillion cubic feet of natural gas. It is considered to have the largest untapped onshore reserves of oil and gas in North America.

Gov. Palin expressed her appreciation for the jobs created by the project:
"To me, there’s nothing better than when our efforts lead to jobs created by responsible development and collaborative partnership – there’s no better result than Alaskans and Alaska businesses going to work! I know Alaskans join me in that appreciation."
The governor noted that the oil industry has committed to produce oil from the two Point Thompson leases by 2014 and said that the design work and permitting for the infrastructure needed to move oil from the leases to the Trans-Alaska Pipeline was only in the beginning phases. She said that the continuing effort will mean many more jobs for Alaskans for years to come.

h/t: Governor Palin 4 President

- JP

Friday, May 8, 2009

Exxon Mobil begins drilling at Point Thomson

Alaska Gov. Sarah Palin announced today that ExxonMobil has begun drilling operations at Point Thomson.

The company started gearing up for drilling operations at the Point Thomson oil and gas reservoir last month. ExxonMobil Production Company mobilized the drilling rig for the Point Thomson Project April 22. Because there are no permanent roads to Point Thomson, over 30 miles of ice road along the Beaufort Sea shoreline had to be constructed to enable the transport of heavy equipment and materials while still protecting the North Slope environment.

Alaska Department of Natural Resources Commissioner Tom Irwin had authorized the ice-road permits in January, allowing mobilization of the drilling rig and guiding other regulatory agencies to expedite permitting to allow drilling to begin.

According to industry journal Rigzone:
The initial phase of the project will process approximately 200 million cubic feet per day of Point Thomson gas in order to produce approximately 10,000 barrels per day of liquid condensate into the Trans Alaska Pipeline System by year end 2014. The remaining gas will then be recycled into the Point Thomson reservoir. The Point Thomson Unit working interest owners committed $120 million to the drilling and development activities in 2008, with additional investments of about $250 million expected in 2009.
Gov. Palin today said that she was pleased with ExxonMobil's progress:
"Today's action shows that our perseverance is paying off. We congratulate ExxonMobil on their successful efforts, and commend them for fulfilling their recent commitments to the state."
Commissioner Irwin also hailed the oil giant's commencement of drilling activities:
"Today's action by ExxonMobil is an important milestone in the continuing effort to see production of our state resources at Point Thomson."
- JP