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Twelve and Alaska Airlines to collaborate with Microsoft to advance sustainable aviation fuel derived from recaptured CO2 and renewable energy

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Through the first-of-its-kind agreement, Twelve, Alaska, and Microsoft will work to advance production and use of Twelve’s E-Jet, a low-carbon jet fuel produced by a power-to-liquids process leveraging the company’s carbon transformation technology. SAF is a core part of Alaska’s five-part pathway to net zero by 2040.

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BP to sell Alaska business to Hilcorp for $5.6B

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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

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Alaska Governor proposes $355M financial package for LNG plant on North Slope

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Alaska Governor Sean Parnell proposed a $355-million financial package for construction of a natural gas liquefaction plant on Alaska’s North Slope and a Fairbanks-area natural gas distribution system through the private sector, and an area-wide utility. The target for first delivery is the latter part of 2015.

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

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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.

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Alaska Railroad to demo hauling LNG in intermodal containers; 1st railroad permitted to haul LNG

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The Alaska Railroad (ARRC) will demonstrate the transport of liquefied natural gas (LNG) in intermodal LNG ISO containers from southcentral to interior Alaska during a month-long operational performance project in early fall 2016. miles to the Fairbanks Natural Gas storage facility.

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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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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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