• 4 minutes Why Trump will win the wall fight
  • 7 minutes Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 46 mins Climate Change: A Summer of Storms and Smog Is Coming
  • 11 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 13 hours Oil imports by countries
  • 11 hours America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 13 hours AI Will Eliminate Call Center Jobs
  • 20 hours Ayn Rand Was Right
  • 17 hours NZ Oil, Gas Ban Could Cost $30 Bln
  • 19 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 1 hour US-backed coup in Venezuela not so smooth
  • 22 hours Sanctions or Support: Despite Sanctions, Iran's Oil Exports Rise In Early 2019
  • 16 mins Some Good News on Climate Change Maybe
  • 19 hours Solar and Wind Will Not "Save" the Climate
The February Hangover In Oil Markets

The February Hangover In Oil Markets

Sideways movements in oil markets…

The Biggest Problem Behind The U.S. Shale Boom

The Biggest Problem Behind The U.S. Shale Boom

U.S. shale production is set…

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