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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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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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Department of Interior seeking industry input on interest in potential oil and gas lease sale in Alaska’s Cook Inlet

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The Department of the Interior’s (DOI) Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 (earlier post ) includes one potential special-interest lease sale in the Cook Inlet Planning Area (Sale 244). The publication of this RFI does not indicate a decision to lease in the Cook Inlet Planning Area.

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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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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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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. Patrick Gruber, CEO of Gevo.

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Obama Administration Opens Up Oil and Gas Development and Exploration in Gulf of Mexico, Atlantic and Arctic

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The Obama Administration will expand oil and gas development and exploration on the US Outer Continental Shelf, while protecting fisheries, tourism, and places off US coasts that it says are not appropriate for development. To fail to recognize this reality would be a mistake. Secretary Salazar. Energy Security Announcements.

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