Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Company confirms agreement to acquire BP's 49 percent interest in Trans-Alaska Pipeline System and Alyeska Service Company. At 42 gallons per barrel, that means that the pipeline supplies about 6 percent of the oil used in the United States. Natural gas (and similar gaseous fuels) are pressurized into liquids known as Natural Gas Liquids (NGLs). To learn more visit www.harvestmidstream.com. Something like 40 million gallons of oil would be lying on the ground. The more heat, the lighter the oil, and this has an impact on what refinery can process it. Terrence Cole, Boom Town: Anchorage and the Second World War, 75-85, in The Pacific Northwest in World War II, ed. Unlike BP, which had been in operation in Alaska since 1959, and the other current owners of the pipeline, all of which must make their finances transparent in order to sell stock on public markets, Hilcorp has no obligation to publicly disclose audited financial statements. Question: When Was The Transalaska Pipeline Built, Question: Where Does The Alaska Pipeline Start And End, Quick Answer: Who Owns Pebble Mine Alaska, How Long Did It Take To Build The Alaska Pipeline, Quick Answer: Who Owns Kavik River Camp In Alaska, Quick Answer: How Long Are Alaskan Winters, Question: How To Cook Alaskan Cod On The Stove. The working interest owners include: BP, 26 percent; ConocoPhillips, 36 percent; ExxonMobil, 36 percent; Chevron, 1 percent. 28. His mother made him a punching bag of ticking used for pillows. ANCHORAGE, Alaska (KTUU) - Harvest Alaska, an affiliate of Hilcorp, announced its purchase of British Petroleums Trans-Alaska Pipeline System assets has been completed after review by the Regulatory Commission of Alaska. The Hickel Investment Company opened the University Center of Anchorage in 1972 and, in 1977, opened a similar shopping center complex, the University Center of Fairbanks.26 As of 1990, its major holdings included the Hotel Captain Cook, University Shopping Center, Northern Lights Shopping Center, Mountain View Shopping Center in Anchorage; Valley River Shopping Center in Eagle River; University Shopping Center in Fairbanks; and the Birchwood Corporation, among other commercial properties.27, Hickel was an ardent and effective advocate for Alaska statehood during the late 1940s and into the 1950s.28 He was politically active by 1952 with a bipartisan majority when he joined the statehood campaign to increase Alaskas statehood land grant to at least 100 million acres.29 In 1954, he traveled to Washington, DC on a statehood pilgrimage flight to advocate for statehood to Congress and the Eisenhower Administration.30 He was among a group of fifteen representatives of the Alaska contingent to confront President Dwight D. Eisenhower, with Territorial Senator John Butrovich as spokesman, on the subject of statehood. Walter "Wally" Hickel stands in front of his Hotel Captain Cook in May 1974, before the third tower was built where the Bering Sea Original store stood. Mid Alaska Pipeline The pipeline was built in a zigzag pattern to allow the pipe to expand and contract. Those revenues go directly into a general fund to be used for roads, health care facilities, schools and other social services. Alaska crude oil is transferred from production sites to refineries by pipelines, ships, and trucks. The Last Frontier is far more than a raw resource extraction point for North Slope crude oil, according to a manager of one of the three Alaska in-state oil refineries. Alaska Pipeline Company owns and operates the high-pressure gas pipelines that transport gas from Alaska's Cook Inlet gas fields to ENSTAR Natural Gas Company's distribution system and various commercial customers of ENSTAR. The remaining 10 percent is converted into anode-grade calcined coke, which is then sold to aluminum smelters worldwide. It involved one of the states most important pieces of economic infrastructure. Live market coverage co-anchored from Hong Kong and New York. We deliver climate news to your inbox like nobody else. Who owns the land that TAPS runs through? Operations How much gasoline does the United States consume in one year? In the next five years, ConocoPhillips is on track to add 100,000 barrels a day to the system, about an 18 percent increase. ANCHORAGE, Alaska (AP) ConocoPhillips Alaska faces a potential $914,000 fine over what a state regulatory agency called a "shallow underground blowout" of a well that released natural gas at the company's Alpine field on Alaska's petroleum-rich North Slope last year.. An investigation by the Alaska Oil and Gas Conservation Commission found the company violated several provisions of . The ten-bed intensive care and cardiac units were established. All three are relatively small compared to the typical West Coast refinery, according to AOGA, with Andeavor processing less than 100,000 barrels a day and the combined work of Petro Stars refineries amounting to less than that. 12. Alyeska Service Company will continue to operate the pipeline as it does today. Alaska Pipeline Co - Company Profile and News - Bloomberg Markets In 1994, The Wit and Wisdom of Wally Hickel, a collection of his quips and quotations compiled by Malcolm Roberts, was published. Alaskans cant afford disaster to tell us to do better.. Wally, Cook Inlet Historical Society. Carlos A. Schwantes (Manhattan, KS: Sunflower University Press, 1986), 82. "TAPS is an engineering marvel that has played a critical role in the history of the energy industry," said Sean Kolassa, President of Harvest Midstream. The national average salary for a North Slope employee in the United States is $39,080 per year. The production of aluminum requires up to half a ton of carbon, specifically anode-grade calcined coke, for every ton of the versatile metal produced. Walter R. Borneman, Alaska: Saga of a Bold Land (New York: Perennial/Harper Collins, Publishers, Inc., 2003), 446. The commissions secrecy ruling, they argue, amounts to a violation of rights under the Alaska and United States constitutions, thereby impeding transparency and the right to question, investigate and monitor the discharge of RCAs duties.. 31. The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System (TAPS) through the Alyeska Pipeline Service Company.[1]. Not all of his attempts to facilitate oil development worked. Rystad Energy estimates Alaskas remaining recoverable oil reserves to be 23.3 billion barrels of oil and condensates. See, Stephen Haycox, Frigid Embrace: Politics, Economics and Environment in Alaska, 150-152. Walter J. Hickel, Who Owns America? Lacking boxing gloves, he went at the bag with his bare hands: jab, hook, and cross. About Us | Associated Pipe Line The Best of Alaska Business winners are joined in this issue by a plethora of small business sources, from farm owners and tour operators to wine shop retailers and construction traffic control managers. Investments were comprisedalmost entirely of bonds, while the Legislature had a four-year publicdiscussion regarding whether the Permanent Fund should be managedas an investment fund or as an economic development bank. 24. 42. Stephen Haycox, Frigid Embrace: Politics, Economics and Environment in Alaska (Corvallis, OR: Oregon State University Press, 2002), 150. Concerns Linger Over a Secretive Texas Company That Owns the Largest Share of the Trans-Alaska Pipeline Hilcorp Energy Co. has a spotty pipeline safety record and refuses to make its. We deliver climate news to your inbox like nobody else. However, at least 25 percent of all mineral royalties is deposited into the Alaska Permanent Fund, a kind of savings account for future generations of Alaskans. He was elected, in 1966, against heavy odds, as Alaskas second governor in the general election, defeating the Democratic incumbent governor, William A. Egan, in a hotly contested election by 1,080 votes.32. Walter J. Hickel, Who Owns America?, 72; and James K. Barnett, Alaskan History In Brief (Anchorage: Todd Communications, 2010), 180-181. Published: Dec. 18, 2020 at 5:28 PM PST ANCHORAGE, Alaska (KTUU) - Harvest Alaska, an affiliate of Hilcorp, announced its purchase of British Petroleum's Trans-Alaska Pipeline System assets has been completed after review by the Regulatory Commission of Alaska. 10. Oil is comprised of an enormous amount of tiny plants and animals, such as zooplankton and algae, which over millions of years were exposed to pressure and heat; the amount of pressure and heat determines how light the oil is. Interactive map of pipelines in the United States | American About TAPS TAPS Facts Construction Throughput Pump Stations Flow Assurance Ship Escort Response Vessel System (SERVS) Valdez Marine Terminal (VMT) Oil Spill Response Capabilities Drills and Exercises There are millions of miles of buried pipelines and utilities underground that are vital to everyday living like water, electricity and natural gas. The project includes a gas treatment plant at Prudhoe Bay, a buried 42 diameter pipeline, and a liquefaction facility and export terminal in Nikiski, Alaska. September 2017 Alyeska had another spill due to a mix up of piping by long time employees, and dispensed anywhere from 9.5 to 38 barrels of product into the narrows of Valdez. B1983.91.S5282.5, Ward Wells, photographer, Ward Wells Collection, Atwood Resource Center, Anchorage Museum at Rasmuson Center, Anchorage, AK. Alaska Pipeline Shutdown 'Significant' Event for BP - CNBC After urging President Nixon to give more respect to the views of young people about the Vietnam War, he was fired by Nixon on Thanksgiving Eve 1970. Before crude oil even begins the transformative process of becoming the fuel that runs the nations economy and the products that its citizens often take for granted, it undergoes a long journey: in Alaska, thats at least 800 miles. The pipeline was an amazing engineering accomplishment that contributed much to Alaska's economy. He was in the Senate Gallery when Congress passed the Alaska Statehood Act on June 30, 1958.31, After Hickel announced that he was running for governor of Alaska he was considered as a 9-to-1 underdog. It was created on August 25, 1916, by Congress through the National Park Service Organic Act [2] and is an agency of the United States Department of the Interior. Hilcorp completes purchase of BP's Alaska assets with approval of Hickel was named as Alaskan of the Year in 1969, and received twelve honorary college degrees. Snedden and the Crusade for Alaska Statehood, 212-213. Alaska Oil and Gas Association (AOGA) President and CEO Kara Moriarty explains that a variety of products are made from Alaska oil at in-state refineries. How much do oilfield workers make in Alaska? 18 February 2008. But the biggest environmental problem with the Alaskan Pipeline is the potential for oil spills. George Bryson, Why Wally? Alaska Business 2023 Hilcorp gas pipelines have been the source of a number of significant incidents in the past five years, including a 2017 leak in an underwater pipeline that allowed an estimated 200,000 cubic feet a day of almost pure methane to bubble into Alaskas Cook Inlet for months. It terminates in Valdez. (Anchorage: Publications Consultants, 2001). He approved this plan so that private oil companies could also profit from Arctic oil exploration. 15. Because workers welded much of the pipeline at temperatures well below zero, engineers anticipated that the metal would expand once-hot oil began flowing through. 34. Terrence Cole, Fighting for the Forty-Ninth Star: C.W. Alaska has long been known for its abundant supply of natural resources,and these resources have a long history of supplying revenue for the state. Trans-Alaska Pipeline System - wermac The pipeline was built between March 1975 and June 1977, running from the North Slope fields at Prudhoe Bay to the Marine Terminal at Valdez on Prince William Sound. Keystone XL pipeline: Why is it so disputed? - BBC News If you detect a spill or other emergency on TAPS, from a safe location, call Alyeska at (907) 835-4709 or 911. Walter J. The thirty-year TAPS State and Federal land leases were due to expire in 2004. On a very eventful day in March 1989, an oil tanker spilled 260,000 to 750,000 barrels full of crude oil into Prince . He was an Alaskan leader who promoted Alaskan interests, meaning that Alaska must become an owner state. Historian Claus-M. Naske used a similar term, corporate state. AlthoughHickel's attempts to define this term remained elusive, historian Stephen Haycox said: he seemed to mean that Alaska should use its power as owner of the states natural resources, and the wealth derived from that ownership, to establish a more stable state economy.44 This term has gained much more utility as a political mantra rather than as a call for a carefully conceived program of diversified economic development. It took more than $2 billion to clean up the 11 million gallons that leaked from the Exxon Valdez. >> And now, from the richest oil field in America, 35,000 gallons of oil can flow every minute through a 48-inch pipe stretched 800 miles, the length of Alaska, to the ice-free port of Valdez. 811 is the phone number you call before digging to protect yourself and others from unintentionally hitting buried pipelines or utilities. Joey Merrick told the commission. With the exception of the narrow trans-Alaska pipeline corridor, it is impossible to cross the vast Alaska mainland from north to south or east to west without entering at least one restrictive CSU. Alaska Pipeline Company owns and operates the high-pressure gas pipelines that transport gas from Alaska's Cook Inlet gas fields to ENSTAR Natural Gas Company's distribution system and various . Hilcorp quietly takes over BP's stakes in Prudhoe Bay and other Alaska TAPS Facts - Alyeska Pipeline We then remove sulfur and other containments from those fractions by hydrotreating, filtering, washing, and/or separating. During the early years of World War II, Hickel worked two short-lived jobs, serving as an inspector in Wichita for the Beech Aircraft Corporation and in Denver for the Army Air Corps procurement division. In our experience, deferred maintenance (or inadequate levels of maintenance spending) can put both front line workers and the general public at risk, council President A.J. Alyeskas commitment to safe and environmentally responsible operations has remained steadfast and fully supported by all of its owners, she said. He sold it, built two more and sold them, taking the profits and investing them in new business ventures.18, In 1947, he founded Hickel Construction Company and developed it into a multi-million dollar business. On June 20 of 1977, oil left Prudhoe Bay through the pipeline for the first time ever. . TAPS is an icon of American ingenuity and has a proven track record of safe and responsible operations with strong relationships in the communities it touches.. Work Pad, Length: 790 miles. Will they step up to the plate? B1983.91.C5045.1, Ward Wells, photographer, Ward Wells Collection, Atwood Resource Center, Anchorage Museum at Rasmuson Center, Anchorage, AK. How long did it take to build the Alaska pipeline? September 10: The lease for 179 parcels of land covering 640 acres of state-owned land in and around Prudhoe Bay is put up on the auction block. The company has put itself at arms length from the pipelines operation, saying it will rely heavily on Alyeska Pipeline Service Co., the syndicate it owns with Exxon and ConocoPhillips, to safely manage the Trans-Alaska Pipeline. Andeavors Kenai refinery is configured to process Alaska crude oil as well as specific foreign or Lower 48 crude oil types. From December 1942 to December 1946, he was a civilian flight maintenance inspector based at Fort Richardson, checking newly assembled aircraft. After more than 40 years of production, Prudhoe Bay remains the largest oil field in North America and ranks among the 20 largest fields ever discovered worldwide. Walter J. Hickel, Who Owns America?, 66. In 1974 and 1978, he was defeated by Naknek legislator and bush pilot Jay Hammond, who won two terms as governor. The Exxon Valdez oil spill in 1989 is the most well-known pipeline disaster. He learned a lot about work, the outdoors, the responsibility of that work, and why ownership matters.7 He decided to find his life outside Kansas by the age of twelve, even though he did not cross a state line until his high school class went to Kansas City, Missouri, for its Senior Day trip.8. You can get some sense of what would happen if the pipeline blew up by looking at a microcosmic event that occurred in October 2001. When typing in this field, a list of search results will appear and be automatically updated as you type. Each division has the expertise to conduct successful operations in almost every . Included were later renovations to the South Tower (the original structure at Goose Lake), with a thermal injury unit for frostbite and burn patients.55 The Hickel House, named after Walter and Ermalee Hickel, was built to provide forty-three units of guest housing for patients receiving outpatient care or families visiting patients at Providence Alaska Medical Center in Anchorage. The company stressed it has embraced a unique business approach to succeed in the highly competitive sale of petroleum products and the business of oil and gas leasing. Does Hilcorp have the financial resources and commitment to responsibly operate the former BP facilities in Alaska at a level to assure safety and environmental protection in our State?. But Lois Epstein, who served 12 years on the Pipeline and Hazardous Material Safety Administrations (PHMSA) oil pipeline technical advisory committee, said it was impossible for the public to know precisely how Hilcorp would perform as a steward of the 44-year-old pipeline, which carries nearly 20 million gallons of oil a day 800 miles from the Prudhoe Bay oil fields south to the Valdez Marine Terminal on Prince William Sound. See Daniel L. Haulman, The Northwest Ferry Route, Alaska at War, 1941-1945: The Forgotten War Remembered (Anchorage: Alaska at War Committee, 1995; reprint ed., Fairbanks: University of Alaska Press, 2008), 324. (2014). The shutdown . That difference for refineries in Alaska is made up with crude oil purchased on the world market. "Wally" Hickel, dated October 25, 1961. All Rights Reserved Mid-Alaska Pipeline, LLC (MAP) owns and operates a 2.3 mile buried pipeline system in North Pole, Alaska. With the assistance of 4,265 volunteer Workers for Wally, he won the Republican primary over two popular men, former Governor Mike Stepovich and former House Speaker Bruce Kendall. Experts, environmental advocates and residents worry the aging pipeline, which went into operation in 1977, will likely become even more vulnerable to disasters in the years ahead, as the financial stability of the pipeline grows more uncertain. Because not all crude oil is the samethere are differences in quality and composition depending on the oil field it comes from, and this can even change with timenot all refineries are set up in the exact same way. George Birch/AP In. The other group members are ConocoPhillips Transportation (shares formerly owned by ARCO and acquired by Phillips during its acquisition of ARCO Alaska as part of the settlement between BP and the FTC[5]) (28.29%), ExxonMobil (20.34%), Koch Alaska Pipeline Company (3.08%), and Unocal (1.36%). I believe that airing these documents publicly and subjecting the entire transaction to intense debate far outweighs the petitioners interest in keeping them confidential, McAlpine said in his written opposition. Our in-state refiners create jet fuel, gasoline, diesel, heating fuel, kerosene, asphalt base oil, marine diesel, turbine fuel, ultra-low sulfur diesel, JP-8, and JP-5, she says. They were so outraged by the regulatory commissions decision allowing Hilcorp to keep its finances secret that they have turned to the Alaska Supreme Court seeking an order so that they can pursue legal remedies. 18. There are two refineries in Hawaii, twelve in California, and five in Puget Sound, Washington. . JUNEAU, Alaska (AP) What was once a joyous fall rite in Alaska has become another thing for people to bicker about the amount of money residents receive from the states oil wealth. River and Stream Crossings: 34 major, nearly 500 others. The following year, Hickel undertook his own ninety-six unit project in Anchorages Simondson subdivision. The commission was presented with scenarios of climates destructive forces on the pipeline and succinctly summarized fears. Thirty-two Alyeska or contract workers were killed during the construction project. 117-178; James K. Barnett, Alaskan History In Brief, 180-181; and Biographical sketch, Walter J. Hickel, May 1986,File: Walter J. Hickel - Biographies, Written, 1965-1986, Walter J. Hickel Papers, 1950-2010 (HMC-0665), Box 309, Archives and Special Collections, Consortium Library, University of Alaska Anchorage. 33. He became heavily involved as a builder and real estate developer. Hilcorps history of regulatory noncompliance and safety and environmental incidents, once characterized inexcusable by an Alaska regulator, drew the ire of critics during the regulatory hearings. Since the pipeline began operating in 1977, 10 people have been killed while working for Alyeska or one of its contractors. 4. Valdez Marine Terminal (VMT) - Alyeska Pipeline The approval provoked a strongly worded dissent from Commissioner Stephen McAlpine, a two-term lieutenant governor of Alaska whose time on the commission ended earlier this year. Oil and Gas. A major out-of-state refinery handling Alaska crude is BPs Cherry Point, in Blaine, Washington. Its designed to process heavy crude from Californias San Joaquin Valley and Los Angeles Basin, as well as crudes from the North Slope and international sources. Since they have so few miles of pipelines, there isnt much data to help us understand their safety record with (oil) pipelines, he said. In 1981, he founded the Yukon Pacific Corporation to build the gas pipeline, estimated then to cost $11 billion. We now have a significant portion of the infrastructure that is aging and needs increased attention to maintenance, repairs and replacement to assure safety and environmental protection, Francis Mauer, a long time Alaska resident, told the commission in a letter. The Alaska pipeline is an amazing structure that carries oil from wells in the very far north of Alaska down to the ice-free port in Valdez, Alaska, where tankers pick up and transport the oil. Employees in the top 10 percent can make over $62,000 per year, while employees at the bottom 10 percent earn less than $24,000 per year. How much oil goes through TAPS every day? Claus-M. Naske and Herman E. Slotnick, Alaska: A History, 363-364 and 369; Sam Cockerham, Alaskas Walter Hickel, who Nixon fired over Vietnam, dies, Anchorage Daily News, May 10, 2010, http://www.mcclatchydc.com (accessed November 15, 2015); Biography: Walter J. Hickel, Institute of the North; http://www.institutenorth.org/about/walter-j-hickel (accessed November 18, 2015); Elizabeth Tower, Anchorage: From Its Humble Origins as a Railroad Construction Camp, 153-154; and entry for Walter J. Hickel, in Fond Memories of Anchorage Pioneers, Volume 1, 230-231. Valves: 178. Hickel spent the next decade promoting a natural gas pipeline from the North Slope to Valdez parallel to the Trans-Alaska Pipeline and building a gas liquefication plant at Valdez. Since entering Alaska, we have invested approximately $1 billion dollars to improve the integrity, safety, and environmental safeguards of assets throughout the state, he said. Despite their relatively small size, refineries in Alaska add value and provide jobs. The corridor includes more than 550 wildlife crossings for moose, caribou and other wildlife. The Alaska corporation commonly known as Alyeska Pipeline Company was founded in 1970 to design, construct, operate and maintain a pipeline to transport oil from the fields on the North Slope of Alaska where oil was discovered in 1968 to an ice-free deep-water port in Valdez, Alaska. Alaska Constitution Article IX, Section 15, Alaskas Permanent Fund Investment Manager, Diversification Framework Asset Allocation. More than 700 people are employed by Alyeska, while hundreds of contractors work on TAPS at any time; More than 96 percent of Alyeska's workforce lives in Alaska
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