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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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Way cleared for major Alaska North Slope natural gas pipeline project

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Proposed route for the Alaska Pipeline project. Alaska Governor Sean Parnell announced that two major milestones have been met in the state’s effort to bring Alaska’s North Slope natural gas to Alaskans and markets beyond. —Alaska Natural Resources Commissioner Dan Sullivan. Alaska Pipeline Project.

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Alaska Pipeline Project partners progressing on massive LNG export project; total cost between $45 to 65+ billion

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Concept of the Alaska Southcentral LNG Project. The partners in the Alaska Pipeline Project (APP)—ExxonMobil, ConocoPhillips, BP, and TransCanada— submitted a letter to Alaska Governor Sean Parnell describing their companies’ progress in advancing an Alaska liquefied natural gas (LNG) export project.

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USGS estimates nearly 39 billion barrels of oil undiscovered and technically recoverable in two Arctic petroleum provinces; 275 trillion feet of gas

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Map of Arctic Alaska Province (outlined in black) showing boundaries of the platform and fold-and-thrust belt assessment units in red. Arctic Alaska Province. The Arctic Alaska Petroleum Province encompasses all lands and adjacent continental shelf areas (i.e., Source: USGS. Click to enlarge.

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ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

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Key findings of the updated study include: Alaska, Spirit, Frontier, and Southwest Airlines remained the top four most fuel-efficient airlines on US domestic operations in 2014. On average, Alaska has operated the most efficient US domestic flights for five years running since 2010.

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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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The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

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Obama and Trudeau put majority of US and Canadian Arctic water off-limits to offshore oil and gas leasing

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US President Obama and Canadian Prime Minister Trudeau jointly announced sweeping restrictions to offshore oil and gas leasing in the US and Canadian Arctic waters. Obama designated the vast majority of US waters in the Chukchi and Beaufort Seas as indefinitely off limits to offshore oil and gas leasing. It’s uncharted waters.”.

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