Remove Alaska Remove Energy Remove Gas Remove Oil
article thumbnail

EIA: Proved reserves of US natural gas increased 32% during 2021

Green Car Congress

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to the US Energy Information Administration’s (EIA’s) recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report.

Gas 457
article thumbnail

EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). billion barrels), and Alaska the third-largest (31%, 0.7 per barrel in 2021.

Oil 259
article thumbnail

BP to sell Alaska business to Hilcorp for $5.6B

Green Car Congress

BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. The sale will include BP’s entire upstream and midstream business in the state, including BP Exploration (Alaska) Inc., that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s

Alaska 207
article thumbnail

EGEB: Biden administration freezes oil, gas leases in Alaska wildlife refuge

Electrek

In today’s Electrek Green Energy Brief (EGEB): The US Department of the Interior suspends oil and gas leases in the Arctic National Wildlife Refuge. Danish wind giant Ørsted bumps up its clean energy target to reach 50 GW of installed capacity by 2030. Click here to learn more and get your quotes. — *ad.

Alaska 86
article thumbnail

Way cleared for major Alaska North Slope natural gas pipeline project

Green Car Congress

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. The North Slope holds more than 35 trillion cubic feet of discovered natural gas.

Alaska 277
article thumbnail

USGS releases first shale-oil and shale-gas resource potential assessment for the Alaska North Slope

Green Car Congress

The US Geological Survey has released its first estimate of the potential of undiscovered, technically recoverable onshore shale oil and gas resources in Alaska’s North Slope. Northern Alaska province showing boundaries of assessment units (AU). However, these shales also likely retain oil and gas that did not migrate.

Alaska 218
article thumbnail

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

Green Car Congress

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).

Alaska 170