• 7 hours Russia Approves Profit-Based Oil Tax For 2019
  • 11 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 13 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 15 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 17 hours Aramco In Talks With Chinese Petrochemical Producers
  • 18 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 20 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 1 day UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well
The 10 Most Influential Oil Countries

The 10 Most Influential Oil Countries

The world’s largest oil-exporting countries…

WTI Prices Surge On Keystone Spill

WTI Prices Surge On Keystone Spill

The outage at the damaged…

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Giant Natural Gas Pipeline in Alaska Could Cost $65 Billion

Back in January the Governor of Alaska, Sean Parnell, set a deadline for the three energy giants who are developing a project to build a massive pipeline to transport natural gas from the North Slope of Alaska, after he admitted to being fed up by the seemingly endless delays plaguing the project.

Officials from the three companies, ExxonMobil, BP, and Conoco Philips, recently wrote a letter to Governor Parnell to report that good progress has been made on the project, but that “significant environmental, regulatory, engineering and commercial work still remains to reach upcoming decisions to bring North Slope gas to market.”

In the letter they have estimated that the pipeline would be a mega project of “unprecedented scale and challenge.” It could cost between $45 and $65 billion, require the use of nearly 1.7 million tonnes of steel, and create employment for 15,000 people during the height of its construction. The destination of the pipe has not yet been decided, but it is being planned as an 800 mile line that cuts from the North Slope gas fields down into central Alaska.

RELATED: Oil Markets Limp into Fourth Quarter

On Wednesday Parnell said that he was encouraged by the letter and what he’s seen of the project, and that as promised, in exchange for meeting his benchmarks, he will look at offering special gas taxes next year.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News