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 s interest in the Trans Alaska Pipeline System (TAPS). BP began producing oil from Prudhoe Bay in 1977.

Alaska 184

Caelus confirms large-scale oil discovery on the North Slope of Alaska

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Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016, as well as 126 square miles of existing 3D seismic, Caelus estimates the oil in place under the current leasehold to be 6 billion barrels.

2016 216

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Repsol, Armstrong Energy make largest US onshore oil discovery in 30 years; 1.2B barrels in Alaska

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billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The contingent resources identified with the existing data in Repsol and Armstrong Energy’s blocks in the Nanushuk play in Alaska could amount to approximately 1.2 Spain-based integrated global energy company Repsol has been actively exploring Alaska since 2008, and since 2011 the company has drilled multiple consecutive discoveries on the North Slope along with partner Armstrong.

2017 163

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

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The Alaska North Slope (ANS) Basin—a prolific source of US oil production previously limited by a number of barriers to entry including cost and access—is poised to re-emerge as a major source of US energy production, with crude oil output potentially increasing as much as 40% during the next eight years, according to new energy research from IHS Markit. billion barrels of oil produced to date in the ANS. Market Background Oil

2018 163

ConocoPhillips puts Alaska Chukchi Sea exploration on hold

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ConocoPhillips will put its 2014 Alaska Chukchi Sea exploration drilling plans on hold given what it called “the uncertainties of evolving federal regulatory requirements and operational permitting standards. —Trond-Erik Johansen, President, ConocoPhillips Alaska. A recent Department of the Interior (DOI) report called on industry and government to work together to develop an Arctic-specific model for offshore oil and gas exploration in Alaska.

Alaska 196

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, the recent success of shale oil and shale gas development in the lower-48 states demonstrates the technical viability of such resources, USGS said.

Alaska 191

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 company said the decision reflects the results from Burger J exploration well located in Alaska’s Chukchi Sea; the high costs associated with the project; and the “ challenging and unpredictable ” federal regulatory environment in offshore Alaska. The balance sheet carrying value of Shell’s Alaska position is approximately $3.0

2015 184

Linc Energy acquires more UCG coal exploration acreage in Alaska

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Linc Energy Ltd has acquired the grant of 181,414 acres of Underground Coal Gasification (UCG) coal exploration licences in Alaska from the Alaska Mental Health Trust Authority following a competitive bidding process. This is an excellent outcome for Linc Energy which greatly advances our strategic goal to bring commercial UCG development to Alaska and become a significant part of the USA domestic energy market.

Alaska 185

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. First, the State of Alaska resolved its long-running litigation with ExxonMobil and other leaseholders regarding the Point Thomson field, which holds almost a quarter of the North Slope’s known natural gas. Alaska Pipeline Project.

Alaska 232

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. America Airlines ranked last for the third year in a row, burning 25% more fuel than Alaska to provide a comparable level of transport service.

2015 210

Department of Interior announces 2012-2017 offshore oil and gas development program; GOM and Alaska

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Secretary of the Interior Ken Salazar announced the Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 , which makes more than 75% of undiscovered technically recoverable oil and gas resources estimated in federal offshore areas available for exploration and development. It schedules 15 potential lease sales for the 2012-2017 period: 12 in the Gulf of Mexico (GOM) and 3 off the coast of Alaska, and none off of either the Pacific or Atlantic coasts.

Alaska 170

Interior Secretary Salazar outlines proposed plan for additional development in the National Petroleum Reserve-Alaska

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Secretary of the Interior Ken Salazar outlined a proposed plan that will allow for additional access for oil and gas development in the National Petroleum Reserve in Alaska (NPR-A) while also protecting wildlife and coastal resources. Following President Obama’s direction in May, 2011 that annual oil and gas lease sales be conducted in the NPR-A, BLM offered 3 million acres in a lease sale last December that generated 17 winning bids covering more than 140,000 acres.

Alaska 191

US DOE seeking accelerated development of unconventional energy resources in Alaska’s Arctic

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Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE). Under the MOU , DNR and DOE’s Office of Fossil Energy will work together—and with potential investors—to study unconventional energy resources in Alaska’s Arctic.

Alaska 185

Alaska Airlines to be Gevo’s commercial launch partner for renewable alcohol-based jet fuel

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Gevo has signed a strategic alliance agreement with Alaska Airlines to purchase Gevo’s renewable jet fuel and fly the first commercial flight on alcohol-to-jet fuel (ATJ). Alaska Airlines was the first US airline to fly multiple commercial passenger flights using a biofuel from used cooking oil. Earlier post.). The single demonstration flight is expected to occur after Gevo receives ASTM International certification for its fuel, sometime in mid- to late-2015.

2015 191

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). DOI is now seeking input from the oil and gas industry to determine interest in exploration off the coast of South-Central Alaska—a key step in the planning process for a potential oil and natural gas lease sale in the Cook Inlet.

2012 179

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. Clearly, they have fully shifted their efforts to an Alaska LNG project. Click to enlarge.

2012 204

Port of Seattle partners with Alaska Airlines and Boeing to supply sustainable aviation biofuel at Sea-Tac Airport

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The Port of Seattle, Alaska Airlines and Boeing are partnering to move toward powering all flights by all airlines at Seattle-Tacoma International Airport with sustainable aviation biofuel. Over the past five years, Alaska Airlines has become a leader in the pursuit of finding a sustainable supply of biofuels. In 2011, Alaska was the first airline to fly multiple flights using a 20% blend of sustainable aviation biofuel made from used cooking oil and waste animal fat.

2015 150

US Department of Interior to Hold Oil and Gas Lease Sale for 1.8M Acres in National Petroleum Reserve-Alaska

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The Department of the Interior (DOI) will hold a lease sale for oil and gas parcels in the National Petroleum Reserve-Alaska (NPR-A) on 11 August, offering 190 tracts of land, totaling about 1.8 Currently, there are 310 authorized oil and gas leases totaling 3,026,633 acres in the NPR-A. 4, the NPR-A is a 23-million acre area on Alaska’s North Slope that has a history of nearly 100 years of petroleum exploration.

2010 170

Arctic oil on life support

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Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. As drilling technology advances, conventional oil reserves become harder to find, and climate change contributes to melting sea ice, the Arctic has moved up on the list of priorities in oil company board rooms. Arctic Oil

2015 191

Shell to postpone drilling into hydrocarbon zones offshore Alaska until 2013; top hole preparation continues

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With its drilling window closing and a number of factors—the most recent being a damaged containment dome on its Arctic Challenger barge—creating delays, Royal Dutch Shell has decided to postpone drilling into hydrocarbon zones offshore Alaska this year.

Alaska 170

EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. EIA expects production in Alaska to remain steady, averaging 480,000 b/d in 2018 and 2019.

2018 203

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. —Alaska Air Group Chairman and CEO Bill Ayer.

2011 200

Swiss company outlines methanol-to-gasoline option for Alaska North Slope gas to state legislature

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At a recent hearing of the Alaska state legislature’s House Resources Committee, Deo van Wijk, chairman of Swiss company Janus Methanol AG (formed in 2007), outlined a potential approach to converting North Slope gas to gasoline via the combination of a new methanol production technology (GigaMethanol) and the Methanol-to-Gasoline (MTG) process developed by ExxonMobil Research and Engineering (EMRE). Methanol-to-gasoline process flow diagram. Source: EMRE. Click to enlarge.

Alaska 218

US and Japan partnership to test methane hydrate production technologies on Alaskas North Slope

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The US Department of Energy; the Japan Oil, Gas and Metals National Corporation; and ConocoPhillips will work together to test technologies for producing methane gas from hydrate deposits on the Alaska North Slope. The collaborative testing will take place under the auspices of a Statement of Intent for Cooperation in Methane Hydrates signed in 2008 and extended in 2011 by DOE and Japan’s Ministry of Economy, Trade, and Industry.

Alaska 185

Alaska Native Corporation Proposes Underground Coal Gasification Project with Carbon Capture for Power Generation

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CIRI), an Alaska Native corporation, is proposing an underground coal gasification (UCG) project that would use the resulting syngas to fuel a new 100 MW combined cycle power plant. CIRI executives presented the plan to state lawmakers at a joint hearing in Alaska on Friday. CIRI says it is committed to carbon capture and sequestration by way of enhanced oil recovery. It has substantial ownership of surface and subsurface land around Cook Inlet and Southcentral Alaska.

Alaska 179

Alaska Senators Introduce Legislation Permitting Advanced Directional Drilling for ANWR

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US Senator Lisa Murkowski, R-Alaska, introduced legislation that would allow the use of advanced directional drilling to tap the Arctic National Wildlife Refuge (ANWR) coastal plain. Mark Begich, D-Alaska, would allow access to the coastal plain’s oil and natural gas resources through the use of underground directional drilling from state-owned lands to the west of the refuge and state waters from the north.

Alaska 150

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 Proposed Final Program includes 10 sales in the Gulf of Mexico—one of the most productive basins in the world—where resource potential and industry interest are high, and oil and gas infrastructure is well established.

2016 221

Forget $5 A Gallon: Alaska Residents Are Regularly Paying $6

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oil refining capabilities. Over the past few months, gas prices have been creeping ever upward, fueled by political uncertainty in the Middle East and a reduction in U.S. In California, a state traditionally plagued by high gas prices, a gallon of Regular now costs well over $4.50 at most gas stations. But according to USA Today’s Chris

Alaska 112

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. The US Arctic Alaska Petroleum Province holds mean estimates of undiscovered, technically recoverable oil and gas resources of nearly 30 billion barrels of oil, about 179 trillion cubic feet of nonassociated gas, and 40 trillion cubic feet of associated gas, according to a new assessment published by the US Geological Survey (USGS).

2012 237

BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

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BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. The assets have combined current production of 190,000 barrels of oil equivalent per day (boe/d), about 45% of which is liquid hydrocarbons, and 4.6 Market Background Oil

2018 150

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. Eagle Ford and Bakken are the second and third largest oil-producing shale formation regions in the United States, during the last three years. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.

2015 205

EIA forecasts US crude oil production rate to break record high in 2018 and again in 2019; 10.3 and 10.8 million b/d

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In its latest edition of the Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that US crude oil production will average 10.3 EIA also forecasts that 2019 crude oil production will rise further to an average of 10.8 US crude oil production averaged an estimated 9.3 million b/d of crude oil production growth from December 2017 to December 2019. million b/d of crude oil by the end of 2019—roughly a 0.9 Forecasts Fuels Oil

2018 186

Ceramatec licensing molten sodium technology for heavy oil upgrading; removing the need for diluent for bitumen

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An innovative oil-upgrading technology that can increase the economics of unconventional petroleum resources has been developed under a US Department of Energy-funded project. The technology, developed by Ceramatec and managed by the Office of Fossil Energy’s National Energy Technology Laboratory (NETL), has been licensed to Western Hydrogen of Calgary for upgrading bitumen or heavy oil from Canada. The largest US deposits of heavy oil are in California and on Alaska’s North Slope.

Sodium 179

EIA: 5 states and the Gulf of Mexico produce more than 80% of US crude oil; shales drive the growth

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Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA). The second-largest state producer was North Dakota at 12%, followed by California and Alaska at close to 7% each and Oklahoma at 4%. Total US crude oil production grew 15% in 2013 to 7.4

2014 192

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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With Iran’s current threat to close the Strait of Hormuz in response to sanctions as a backdrop, the US Energy Information Agency issued an update to its “World Oil Transit Chokepoint” brief ( earlier post ), noting that “ Hormuz is the world’s most important oil chokepoint due to its daily oil flow of almost 17 million barrels in 2011, up from between 15.5-16.0 million bbl/d was crude oil.

2011 246

NOAA seeks comment on draft environmental impact statement on Arctic oil and gas exploration; incidental “take” authorizations

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NOAA (National Oceanic and Atmospheric Administration) is seeking public comment on a newly released draft environmental impact statement describing how offshore oil and gas activities in the US Beaufort and Chukchi seas could affect marine mammals and the Alaska Native communities that depend on them for subsistence. Anticipated levels of G&G activities in the Beaufort and Chukchi seas, Alaska. Arctic Natural Gas Oil Policy

2011 185

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

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Rosneft announced a major oil discovery at the East-Prinovozemelskiy-1 license area in the Kara Sea, following the successful completion of the drilling of the northernmost well in the world—the Universitetskaya-1 well. I can inform you about the discovery of the first oil/gas-condensate field in the new Kara sea oil province. The first oil was extracted. billion tons of oil equivalent.

2014 200

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. The strategy will guide the current 2007-2012 offshore oil and gas leasing program, which was written by the previous administration but found by the courts last year to be legally flawed, as well as the new 2012-2017 program that this administration will propose.

2010 163

BP begins shipping crude oil for US West Coast through transPanama Pipeline

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has started shipping crude oil bound for the US West Coast through Petroterminal de Panama ( PTP )’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP. million barrels of PTP’s storage located on the Caribbean and Pacific coasts of Panama and committed to east-to-west crude oil shipments averaging 100,000 barrels per day through PTP’s trans-Panama pipeline. BP Products North America Inc.

2012 185

As states use less coal for electricity, driving electric vehicles becomes even cleaner

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These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. On the two extremes, coal and oil result in about 176 times the emissions from hydro.

2020 349

USGS CARA Concludes 13% of Worlds Undiscovered Oil, 30% of Undiscovered Gas in the Arctic

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Map of the assessment units (AUs) of the CARA is color-coded for mean estimated undiscovered oil. The US Geological Survey (USGS) has completed a geologically-based assessment of the oil and gas resource potential of the Arctic, the Circum-Arctic Resource Appraisal (CARA). The researchers in the effort concluded that about 13% of the world’s undiscovered oil and 30% of the world’s undiscovered gas may be found there, mostly offshore under less than 500 meters of water.

2009 150

BSEE approves Shell Beaufort Sea oil spill response plan

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s Oil Spill Response Plan (OSRP) for Alaska’s Beaufort Sea. This decision follows the bureau’s review of the plan and consultations with federal and state partner agencies involved in Arctic oil spill response. The US Bureau of Safety and Environmental Enforcement (BSEE) has approved Shell Gulf of Mexico, Inc.’s Shell has proposed drilling up to four shallow water exploration wells in the Beaufort Sea this summer, beginning on 1 July.

2012 179

EGEB: British secret service is spying on countries’ polluting actions


Oil production in Alaska reaches lowest level in more than 40 years. In today’s Electrek Green Energy Brief (EGEB): The head of the UK’s MI6 says it checks that industrial nations are “playing fair” on climate change promises.