Fairbanks Newswire

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Results 1 - 20 of 26 for "u:petroleumnews.com" in Fairbanks, AK

  1. A continuing questionRead the original story

    Friday May 1 | Petroleum News

    A debate has raged for many years over the question of whether or how to improve the transmission grid that carries electrical power around the Alaska Railbelt. The aging grid is operated by five independent utilities, suffers from some single points of failure and lacks the capacity to make optimum use of the power that is generated at various points along its length.

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  2. Interior gas bill movesRead the original story

    Friday Apr 17 | Petroleum News

    Two versions of a bill to promote natural gas for the Fairbanks area moved in the Alaska Legislature April 15. As introduced, the administration bill removed the restriction that a liquefied natural gas project for the Interior must be based on the North Slope. House Bill 105 passed that body by a 37-2 margin April 15 and includes the major elements of the bill as proposed - the elimination of the requirement that the Interior gas project use North Slope natural gas; an adjustment of Alaska Industrial Development and Export Authority bond authority amounts to reflect inflation; and termination of old bond authorizations AIDEA has not used.

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  3. Arctic Directory April 2015: New equipment helps companies reduce carbon footprintRead the original story

    Friday Apr 10 | Petroleum News

    Brice Equipment, a subsidiary of Calista Corp., has invested in two new pieces of equipment that will help companies operating in Alaska greatly reduce their fuel consumption and dramatically lower carbon emissions. Brice Equipment is the only Alaska dealer for the JetHeat Micro-Turbine Heater, the most advanced industrial heater on the market.

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  4. Mining News: Fort Knox's new planRead the original story

    Friday Apr 10 | Petroleum News

    For nearly two decades, the Fort Knox Mine in Interior Alaska has been a steady low-cost gold producer for owner, Kinross Gold Corp., and an economic driver for the nearby city of Fairbanks. A new technical report, however, outlines a mine plan that begins winding down operations in 2017.

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  5. Next steps for Interior Energy ProjectRead the original story

    Apr 3, 2015 | Petroleum News

    Two initiatives furthering the objectives of the Interior Energy Project, a project tasked with bringing affordable natural gas to Fairbanks and the Alaska Interior, are moving towards major decision points in the coming summer, the board of the Alaska Industrial Development and Export Authority hea....

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  6. Doyon optimistic on prospects at NenanaRead the original story

    Mar 20, 2015 | Petroleum News

    Tells House Resources that it hopes to find oil & gas in the basin from further drilling; oil likely to be more marketable at present James Mery, vice president for lands and natural resources for Doyon Ltd., told the Alaska House Resources Committee on March 11 that the Native regional corporation views an oil discovery in the Nenana basin, a large sediment-filled trough southwest of the city of Fairbanks, as the best potential o....

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  7. Railroad looking at Fairbanks LNG supplyRead the original story

    Feb 27, 2015 | Petroleum News

    Sees shipping containers north from Southcentral as a cost-effective interim means of moving Cook Inlet gas to the Interior The Alaska Railroad can provide an effective means of transporting liquefied natural gas from Southcentral Alaska to the city of Fairbanks in support of efforts to bring affordable natural gas to Fairbanks and the Alaska Interior, Dale Wade, vice president, marketing and customer service for the rai....

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  8. A question of pricingRead the original story

    Feb 20, 2015 | Petroleum News

    With the Alaska Legislature holding the purse strings for an Alaska Industrial Development and Export Authority project to bring affordable natural gas to Fairbanks and the surrounding area of the Alaska Interior, recent convulsions in the project have been causing angst among some lawmakers. And a Feb. 12 meeting of the House Legislative Budget and Audit Committee called in various people involved in the project, called the Interior Energy Project, to explain how the project had arrived at its current situation and talk about the strategy for moving the project forward.

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  9. Mining News: News Nuggets: Firm eyes Interior placer gold mineRead the original story

    Feb 13, 2015 | Petroleum News

    SpectrumDNA Inc. Feb. 4 reported the signing of a non-binding letter of intent to acquire full ownership of Cannon Resources, a placer gold mining operation located on 173 State of Alaska mining claims in the Bonnifield Mining District, roughly 50 air miles south of Fairbanks.

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  10. AIDEA and the Fairbanks energy conundrumRead the original story

    Feb 13, 2015 | Petroleum News

    The Interior Energy Project, a project sponsored by the Alaska Industrial Development and Export Authority for the delivery of affordable natural gas to the Fairbanks area, raises some interesting questions about state government participation in sectors of the Alaska economy which might be otherwise viewed as the responsibility of private industry. AIDEA has a role of providing finance in support of Alaska economic development, with the eventual aim of assuring economic value for the state.

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  11. Some questions raisedRead the original story

    Feb 6, 2015 | Petroleum News

    Some lawmakers in the Alaska Legislature have voiced concerns over the proposal by the Alaska Industrial Development and Export Authority to purchase Pentex Alaska Natural Gas Co. LLC, the owner company of Fairbanks Natural Gas, of a small liquefied natural gas plant at Point MacKenzie on Cook Inlet and of the trucking operation for transporting LNG from Cook Inlet to Fairbanks.

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  12. AIDEA evaluating Interior energy optionsRead the original story

    Jan 23, 2015 | Petroleum News

    Following the demise of a project targeting the construction of a North Slope liquefied natural gas plant for the supply of gas to Fairbanks, on Jan. 14 the board of AIDEA, the Alaska Industrial Development and Export Authority, approved the expenditure of $700,000 on an evaluation of alternative wa....

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  13. ASAP tariff, gas cost upRead the original story

    Jan 16, 2015 | Petroleum News

    After Gov. Bill Walker put discretionary work on hold for the Alaska Stand Alone Pipeline project, the Alaska Gasline Development Corp. board has approved a revised work plan. The board received a new cost and tariff estimate for ASAP, the in-state project which would take Alaska North Slope natural gas to Fairbanks and Southcentral.

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  14. A tunneling optionRead the original story

    Jan 16, 2015 | Petroleum News

    With more than 30 billion barrels in place and little of it thus far developed, the heavy oil that lies at shallow depths above the producing light oil fields on Alaska's North Slope presents a tantalizing target for future oil development. And in the latest concept for tackling this challenging resource, two companies are proposing the use of tunnels 300 to 500 feet beneath the North Slope tundra, to enable the underground drilling of large numbers of wells into heavy oil reservoirs, with minimal surface and environmental impact 'I think we've got a unique chance ... to see if we can turn Alaska production around and develop this world-class asset responsibly and efficiently.

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  15. AIDEA cancels North Slope LNG concession agreement with MWHRead the original story

    Jan 9, 2015 | Petroleum News

    On Monday Jan. 5 the Alaska Industrial Development and Export Authority formally canceled the concession agreement with engineering firm MWH for the construction and operation of a North Slope liquefied natural gas facility for the supply of gas to Fairbanks and the Alaska Interior, AIDEA spokesman....

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  16. FNG rejects AG claimsRead the original story

    Jan 2, 2015 | Petroleum News

    Fairbanks Natural Gas LLC is asking state regulators to approve a long-term liquefied natural gas supply agreement by next summer and said it would accommodate 'all reasonable requests and requirements' to alleviate concerns about the proposed deal. The utility also dismissed suggestions that a proposed sale of its LNG terminal in Point MacKenzie would result in decreased competition in the Interior natural gas market.

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  17. AG questions HarvestRead the original story

    Dec 26, 2014 | Petroleum News

    Attorney General Craig W. Richards is raising antitrust concerns over a proposed sale of the Point MacKenzie liquefied natural gas terminal to a Hilcorp Alaska LLC subsidiary. In comments filed with the Regulatory Commission of Alaska on Dec. 12, Richards said that he would be 'unlikely to consent to the sale' until after regulators conclude a rate case filed by Fairbanks Natural Gas LLC, which is the primary customer of the terminal.

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  18. A critical junctureRead the original story

    Dec 19, 2014 | Petroleum News

    With estimated costs higher than anticipated and a concession agreement due to expire at the end of December, the board of the Alaska Industrial Development and Export Authority faces some tough decisions over the future of the Interior Energy Project, a project designed to bring affordable North Slope natural gas to consumers in Fairbanks. The project involves the construction of a liquefied natural gas plant on the Slope; a trucking operation to ship LNG from the plant to Fairbanks; LNG storage and liquefaction facilities in Fairbanks; and utility distribution pipelines for delivering gas to customers.

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  19. FNG signs up with Hilcorp for Fairbanks gas demandRead the original story

    Dec 5, 2014 | Petroleum News

    As part of the sale of its liquefied natural gas terminal to Hilcorp Alaska LLC, Fairbanks Natural Gas LLC is entering a supply contract with a Hilcorp midstream subsidiary.

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  20. Many moving partsRead the original story

    Nov 14, 2014 | Petroleum News

    With many stakeholders, several major interrelated components and an aggressive timescale, the Interior Energy Project presents something of a challenge. The project, with funding support from AIDEA, or the Alaska Industrial Development and Export Authority, is designed to bring affordable natural gas to Fairbanks and the Alaska Interior via a to-be-constructed liquefied natural gas plant on the North Slope and an LNG trucking operation on the North Slope Haul Road.

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