The Valdez Star - Serving Prince William Sound and Copper River Basin

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Photo courtesy Roger Jacobsen

I enjoyed reading your comment on page 6 of last week's paper. I feel you need to watch Caddy Shack, as I will be coming for you like bill Murray's character Carl Spackler because now – you and me – it's on like Donkey Kong. Just so you understand what I'm talking about I left you a copy of the movie In the back of the trap. Check it out I think you will like the movie or feel free to stop by my fur shed some night and we can watch it together. Hope to see you soon – The Trapper

Seventeen billionth barrel of oil

The 17 billionth barrel of Alaskan North Slope crude started down the Trans Alaska Pipeline System (TAPS) to Valdez last Saturday.

"This is an operational milestone and legacy that we are all proud of," said Tom Barrett, President of Alyeska Pipeline Service Company, TAPS' operator in a prepared statement.

Startup of the 800-mile pipeline was on June 20, 1977. The first barrel of oil arriving in Valdez on July 28, and the first tanker departed the Terminal a few days later, Alyeska said.

The launch of the pipeline transformed Alaska from a frontier state to an economic force. In its 37 years of operation, TAPS has generated roughly $183 billion in state revenue, and the oil and gas industry accounts for roughly 92 percent of the state's discretionary funds.

There are still approximately 40 billion barrels of known reserves on the North Slope and its off-shore environs.

Export license application file for Alaskan LNG

(AP) The companies pursuing a major liquefied natural gas project in Alaska have applied for an export license with the U.S. Department of Energy.

The application requests authorization to export up to 20 million metric tons of liquefied natural gas a year for 30 years.

Participants in the project include BP, ConocoPhillips, ExxonMobil Corp., TransCanada Corp. and the Alaska Gasline Development Corp., or AGDC.

TransCanada owns the state's interest in the pipeline and gas treatment plant, with the state having an option to buy some of that back as the project progresses. AGDC holds the state's interests in liquefaction facilities.

 

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