Inside Business

Inside Business announces a wide range of news related to Alaska-based businesses. Announcements about expansions, relocations, name changes and awards are all welcome. All submissions become the property of the Daily News. By submitting an item for publication, a person represents that he or she is authorized to submit that material to the Daily News, and that the newspaper may use it in any format for any purpose without compensation to the owner. E-mail details to biz@adn.com.

RDC's Sept. 20 meeting is viewable online - 9/20/2012 2:47 pm

RDC's Sept. 20 meeting is viewable online - 9/20/2012 2:47 pm

Alaska colleges share in federal grants - 9/19/2012 7:27 pm

Alaska Air Group issues first comprehensive Corporate Sustainability Report - 9/19/2012 7:02 pm

ANSEP receives a $1.25M grant - 9/19/2012 4:50 pm

Nerland Agency Partners With GCI As New Advertising Agency Of Record - 9/19/2012 4:43 pm

Nerland Agency is GCI's new advertising agency - 9/19/2012 4:43 pm

Permanent Fund board to meet, host community reception - 9/19/2012 4:34 pm

ASRC Energy Services Inc. takes expertise to North Dakota

ASRC Energy Services, Inc. has been selected to take the lead as the owner’s engineer for the MHA Thunder Butte Petroleum Services oil refinery project on the Fort Berthold Indian Reservation in western North Dakota. The Thunder Butte refinery would be the first to be built in the Lower 48 in the past 30-plus years, and will be able to process crude oil from the Bakken formation to make gasoline, diesel and propane.

“The Mandan, Hidatsa & Arikara Nation is where ASRC was more than 30 years ago, when oil was discovered at Prudhoe Bay,” said Jeff Kinneeveauk, president and CEO of ASRC Energy Services, Inc. “We’re excited about sharing our decades of unique industry experience and tribal knowledge, and helping to responsibly bring this crude oil to market.” AES is a subsidiary of Arctic Slope Regional Corporation (ASRC).

ASRC is an Alaska Native corporation that has experience within the oil and gas industry, and it represents the interests of over 11,000 Iñupiat shareholders from Alaska’s North Slope. Tara Sweeney, Senior Vice President for ASRC commented, “The partnership between the ASRC and MHA families is a good Native to Native relationship that promotes responsible domestic energy production for the benefit of the nation.”

When built, the refinery will have the capacity to process an estimated 20,000 barrels of oil a day. Currently, funding is being secured for the project – which could top $400 million. If the construction and permitting process goes as planned, the refinery could be operational within 3- 4 years.

show comments

Comments

Create an avatar on disqus »

By submitting your comment, you are agreeing to adn.com's user agreement.

hide comments