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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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Alaska LNG Project partners select lead terminal location

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ExxonMobil, BP, ConocoPhillips and TransCanada have selected a site in the Nikiski area on the Kenai Peninsula as the lead site for the proposed Alaska LNG project''s natural gas liquefaction plant and terminal. Earlier post.). —Steve Butt, senior project manager. Click to enlarge.

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Shell backs out of Alaska for foreseeable future with financial hit

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Shell announced on Monday that it will cease further exploration activity in offshore Alaska for the foreseeable future. The balance sheet carrying value of Shell’s Alaska position is approximately $3.0 The Burger J well is approximately 150 miles (241 km) from Barrow, Alaska, in about 150 feet (46 meters) of water.

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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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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). —BOEM Director Tommy P.

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Foss Maritime to build first three of new Arctic Class of deep-sea tugs for oil and gas industry

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Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an. to take on large projects in extreme environments. Foss says the new tugs will position it to compete for opportunities in the oil and gas industry. Several oil and gas customers are.

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Alaska Airlines launching 75 flights powered by 20% biofuel blend in the US; SkyNRG the fuel supplier

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Alaska Airlines will fly 75 commercial passenger flights in the United States powered by a biofuel blend, starting this Wednesday. Alaska Airlines and its sister carrier, Horizon Air, will continue to operate select flights between Seattle and the two cities over the next few weeks using a 20% blend of renewable biofuel.

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