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UCG company Linc Energy completes drilling of first gas exploration well in Alaska

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Underground coal gasification company Linc Energy has completed the drilling of the LEA #1 exploration well in the Point Mackenzie Block of the Cook Inlet Basin in Alaska, USA. LEA #1 encountered a number of gas bearing horizons and 7" casing has been run and cemented. Earlier post.). —Linc Energy CEO Peter Bond.

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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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Argonne analysis shows greenhouse gas emissions similar for shale, conventional oil

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Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

Oil
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Rosneft touts major light oil find from “northernmost well in the world” in the Arctic

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I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province. It is an astonishing sample of light oil, which based on the results of the analysis performed, is comparable to the Siberian Light oil. The first oil was extracted.

Oil
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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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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. Foss says the new tugs will position it to compete for opportunities in the oil and gas industry. Several oil and gas customers are. gas exploration in to areas with little or no infrastructure.

Oil
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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. And the only way this transition will succeed is if it strengthens our economy in the short term and the long term.