Alaska

Oil Prices Rise As BP Shuts Pipeline

BP announced yesterday it will sell interests in four Alaska North Slope assets to Hilcorp, a comparatively small, independent, Texas-based operator. BP says the divestment will help focus on increasing output from the giant Prudhoe Bay field and an ambitious LNG export project. “There are some big benefits from this transaction,” said Janet Weiss, President… Keep reading →

US-ENVIRONMENT-OIL-KA

After a handful of false starts and accidents, Shell’s multi-billion dollar bet on offshore Alaskan oil and gas  exploration was put on hold for 2014. And now a Coast Guard report claims the oil major prioritized financial interests over safety with its fateful decision to tow a drilling rig to Seattle for repairs on New Year’s… Keep reading →

One Year Anniversary Of BP Oil Spill Approaches

A myriad of countries and companies around the world are feverishly trying to access Asia’s high-priced LNG market. Sudden discoveries of vast new and economically exploitable natural gas deposits – the shale revolution in the U.S. – have created the opportunity for many countries to become net exporters of natural gas and to challenge the ‘primus… Keep reading →

Arctic National Wildlife Refuge Eyed for Oil Drilling

BLM has released a draft environmental analysis of the first proposed commercial oil production project in the Alaska National Petroleum Reserve. On February 21, 2014, the U.S. Bureau of Land Management (BLM) published a notice seeking public input on the Draft Supplemental Environmental Impact Statement (SEIS) for the proposed Greater Mooses Tooth Unit 1 (GMT1),… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →

US Defense Secretary Chuck Hagel Travels To Middle East

Energy security, rather than energy independence, should be the priority for US geopolitical positioning as the superpower reviews the impact of the ongoing production boom from shale oil and gas fields in the continental US, a new report argues. “The three key factors in the promotion of energy security are increasing energy efficiency, diversifying supply… Keep reading →

USOC Pre-Olympic Congressional Day

Shell spent billions of dollars and significant political capital to obtain the licenses and approvals required to explore for oil and gas off the coast of Alaska. A US appeals court recently ruled the original lease sale flawed, which threw new obstacles in the company’s path toward offshore Alaskan oil and gas development. The recent… Keep reading →

House Holds Hearing On Protecting U.S. Electrical Grid

Energy and climate stakeholders were surprised by news Thursday that Rep. Henry Waxman, D-Calif. will retire at the end of the year after 40 years in Congress. “Waxman was also a champion of environmental causes. He was one of the chief architects behind a 1990 upgrade to air pollution laws, and in 2009, along with… Keep reading →

GM Battery Begins Assembly Of Electric Battery For Its Volt Car

A startup named Aquion recently began commercial-scale production of sodium-ion batteries that solve some lithium-ion toxicity and flammability issues. The company says when scaled up, the batteries could supplant natural gas peaker plants, allowing stored renewable energy to be used during power demand spikes instead of gas. “The batteries could allow the grid to accommodate… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

Alaska Governor’s latest plans to advance Alaska’s long-sought natural gas pipeline calls for state ownership share in the state’s LNG export project. On January 10, 2014, Alaska Governor Sean Parnell announced a proposal to establish state equity partnership in the Alaska Liquefied Natural Gas (LNG) project. To this end, the state will terminate its 2008… Keep reading →

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