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IHS Markit: Alaska North Slope a super basin ready for resurgence; production to grow 40% in 8 years

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Based on recent discoveries, the IHS Markit Plays and Basins: Alaska North Slope (ANS) Basin; Resurgence in an Arrested, Late-emerging Super Basin analysis estimates that the ANS Basin offers 38 billion barrels of oil equivalent (BOE) in remaining recoverable resources (50 trillion cubic feet (TCF) of gas, and 28 billion barrels of oil).

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Repsol, Armstrong Energy make largest US onshore oil discovery in 30 years; 1.2B barrels in Alaska

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billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirmed the Nanushuk play as a significant emerging play. Additionally Alaska has significant infrastructure which allows new resources to be developed more efficiently.

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DOE: Average annual gasoline taxes paid per vehicle, by state, 2019

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cents in Alaska to 58.7 Department of Transportation, Federal Highway Administration, Highway Statistics 2017, Table VM-1; and tax data by state from the U.S. According to the Federal Highway Administration, the average fuel economy for all light vehicles on the road today is 22.3 The Federal tax on gasoline is 18.4

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US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

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US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The Beaufort and Chukchi Seas planning areas in the Arctic are not included in the Proposed Final Program.

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Port of Seattle announces partnership for sustainable aviation fuels at Sea-Tac Airport; 10% minimum by 2028, 50% by 2050

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The partners will work to meet the specific sustainable aviation fuel timetable and goals approved by the Port of Seattle Commission in December 2017: for a minimum of 10% of sustainable jet fuel to be produced locally from sustainable sources within 10 years, increasing to 50% by 2050.

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EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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million barrels per day (b/d) in 2017 and is estimated to have averaged 9.9 million b/d of crude oil production growth from December 2017 to December 2019. million b/d increase from estimated December 2017 levels. million b/d in 2018 and 2019, slightly higher than the 2017 level. million b/d in 2017. million b/d.

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Gevo joins SFO consortium to advance sustainable aviation fuel (SAF)

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The four airlines—United Airlines, Alaska Airlines, American Airlines, and Cathay Pacific—represent nearly 70% of all flights at SFO, while the four fuel producers include SFO’s two primary suppliers, Chevron Corporation and Shell Oil Company along with Neste and LanzaTech, Inc.

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