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Alaska governor says design work to start on new LNG project

  • The state of Alaska and four energy firms sign a joint venture agreement to begin preliminary work on an 800-mile natural gas pipeline from the North Slope to a liquefied natural gas export plant.
  • The agreement calls for partners to invest millions in front-end engineering and design work over the next 18 months for the project, which ultimately could cost $45B-$65B.
  • The deal comes two months after Alaska's legislature backed Gov. Parnell's plan to work with Exxon Mobil (XOM), ConocoPhillips (COP) and BP plus pipeline company TransCanada (TRP) on a project development contract.
Comments (27)
  • Patent News
    , contributor
    Comments (1312) | Send Message
     
    nice actual pipelines being made are great
    3 Jul, 04:50 PM Reply Like
  • oscar16509
    , contributor
    Comments (21) | Send Message
     
    Very long on BP and COP.
    3 Jul, 05:50 PM Reply Like
  • DRIPHoader
    , contributor
    Comments (9) | Send Message
     
    I been loong with XOM since 2001. Working on COP and CVX, actually any body dealing with LNG :-)
    3 Jul, 05:54 PM Reply Like
  • 27975573
    , contributor
    Comments (104) | Send Message
     
    you may also want to look at the suppliers for LNG infrastructure.

     

    Compressor companies... (USAC)
    Pipe suppliers.....U.S. Steel
    Construction.... (CAT)

     

    just saying
    6 Jul, 12:28 PM Reply Like
  • DRIPHoader
    , contributor
    Comments (9) | Send Message
     
    Will KMI & WMB due?
    7 Jul, 11:52 AM Reply Like
  • 27975573
    , contributor
    Comments (104) | Send Message
     
    I like them for the long term also!
    7 Jul, 07:11 PM Reply Like
  • BAHAMAS1
    , contributor
    Comments (1791) | Send Message
     
    Another example of reason that COP & BP are breaking out after a long lull. Plus a great dividend from each !
    3 Jul, 06:20 PM Reply Like
  • maybenot
    , contributor
    Comments (3347) | Send Message
     
    This is a big deal. Alaska is back.

     

    I guess seeing N. Dakota and Alberta get all the business and glory was getting kinda old. Especially when you used to be 2nd behind Texas. And then having upstart N. Dakota come in ahead of you.

     

    The oil tax bill change Alaska recently did was the opening of the door.

     

    Long COP, XOM, BP
    3 Jul, 06:30 PM Reply Like
  • doctorspec
    , contributor
    Comments (128) | Send Message
     
    The power of world demand will overcome the floodgates holding back the real energy boom. The cracks are opening in so many places. LOL!
    3 Jul, 06:36 PM Reply Like
  • beauritche
    , contributor
    Comments (5) | Send Message
     
    Like the 100's of new cracks in Okla.?
    6 Jul, 01:18 PM Reply Like
  • jculley
    , contributor
    Comments (335) | Send Message
     
    As an Alaskan in Fairbanks, this is more talk from the same people who have been talking about a Nat Gas pipeline since I was born. They may spend a few million on survey work and EI studies, just like Pebble Mine did. And just like Pebble, this won't get built either. Far too many enviro-nazis that want AK turned into a national park and the oil companies would rather reinject the NG to pump more oil than spend $60 billion.
    3 Jul, 08:54 PM Reply Like
  • eva
    , contributor
    Comments (11) | Send Message
     
    excellent, finally
    3 Jul, 09:10 PM Reply Like
  • Alambo28
    , contributor
    Comment (1) | Send Message
     
    I wish BP could come down a little bit so I cab buy some more!
    3 Jul, 10:12 PM Reply Like
  • NV_GARY
    , contributor
    Comments (1743) | Send Message
     
    Seems like a lot of money- but am not sure what to compare it to- cost wise. Anyone?
    3 Jul, 10:38 PM Reply Like
  • Blue22
    , contributor
    Comments (126) | Send Message
     
    A Perfect example of what these pipeline projects cost, not the tax payers or the Energy Department, the oil and gas companies and the brilliant engineers at corporations like TRP and Enbridge and Kinder Morgan! Those guys are on our side, believe it or not. So the next time your analysts want to trash and short an oil and gas stock with you making a couple of bucks, stop and think how much better off we would be pumping massive amounts of LNG to Asia! Our oil majors are poised to construct the Russian/Chinese dream pipeline from the coldest part of the Arctic. They are only doing that out of desperation as our President continues his war on real energy.
    
    3 Jul, 11:43 PM Reply Like
  • jsijimmy
    , contributor
    Comments (286) | Send Message
     
    Of what 'war' do you speak? Please supply specific data to support your opinion....
    7 Jul, 09:23 PM Reply Like
  • 11146471
    , contributor
    Comments (454) | Send Message
     
    And which are these four companies mr article writer?
    4 Jul, 02:58 AM Reply Like
  • Pavel.
    , contributor
    Comments (7) | Send Message
     
    Looks like XOM, COP, BP and TRP.
    4 Jul, 03:49 AM Reply Like
  • FleetUSA3226
    , contributor
    Comments (674) | Send Message
     
    Maybe they won't have to ask Obama. Decision after we turn our back on him.
    4 Jul, 09:04 AM Reply Like
  • jsijimmy
    , contributor
    Comments (286) | Send Message
     
    You seriously have to make a President Obama comment on this thread? What does this have to do with the President? Really....?!
    7 Jul, 09:15 PM Reply Like
  • Ruffdog
    , contributor
    Comments (1217) | Send Message
     
    Has it been determined where the pipeline will terminate?
    4 Jul, 09:52 AM Reply Like
  • Anasazi101
    , contributor
    Comments (299) | Send Message
     
    Hey Bud...11146471..

     

    It's in the 3rd. paragraph of the statement:

     

    "Gov. Parnell's plan to work with Exxon Mobil (XOM), ConocoPhillips (COP),
    British Petroleum (BP), plus pipeline company TransCanada (TRP)".
    On a project development contract, worth roughly $45-$65 billion dollars.

     

    Not really sure why any of the comments concerning the current Administration or Obama play into this....Except for "political dribble"...??
    But this is "the first time" in many, many decades that we have had the chance to become "energy independent" as a Country.
    WHO do you give that credit to....??

     

    long COP, pipelines and refiners...
    5 Jul, 12:14 PM Reply Like
  • 11146471
    , contributor
    Comments (454) | Send Message
     
    Thanx. It seems I was dizzy!
    5 Jul, 12:33 PM Reply Like
  • 27975573
    , contributor
    Comments (104) | Send Message
     
    ....the 'credit' goes to......Capitalism!!

     

    It has and will always trump ideology!
    6 Jul, 12:33 PM Reply Like
  • Anasazi101
    , contributor
    Comments (299) | Send Message
     
    Yup it's called money and greed....

     

    We are in it for the money....But don't consider myself exceptionally greedy.
    6 Jul, 03:19 PM Reply Like
  • jsijimmy
    , contributor
    Comments (286) | Send Message
     
    The credit goes to a freedom and more importantly, a culture, we and our ancestors have been living in for at least 150 (can argue since 1792) years, that allows the individual to use all the legal tools necessary to advance an idea into a real life product, service, or application and take that real thing as far as science, their own dreams, and the will of society at large is willing to accept. And, the reward for that is money for the inventor, a - generally - better quality of life for just about everyone, and some pittance in taxes to allow the country to guard the legal, property, and 'quiet enjoyment' rights of the inventor, and users of the item, have a right to enjoy.... how's that for a quick answer?
    7 Jul, 09:29 PM Reply Like
  • jsijimmy
    , contributor
    Comments (286) | Send Message
     
    They are meeting a need...the reward will be money..those who are in it for the money rarely do as good as those who are in it to meet a need - the people who are meeting a need are naturally rewarded with money by that "invisible hand..."
    7 Jul, 09:14 PM Reply Like
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