The untapped oil and natural gas reservoirs of the Arctic, and specifically, the Barents Sea, are one of the next battlegrounds for companies seeking new reserves. In this week’s Oilgram News column, New Frontiers, John Roberts looks at that search, and a small company that is trying to be a leader in this effort.
Posts Tagged ‘Arctic oil and gas’
By News Desk | March 4, 2013 01:37 PM Comments (0)
By News Desk | February 27, 2012 09:37 AM Comments (0)
By News Desk | October 7, 2011 04:21 PM Comments (0)
We took the occasion of this week’s Americas Assembly of The Oil Council to do not just one, but two joint Platts-Oil Council Oil Matters podcasts. But both had a common theme: Alaska.
In the first, Buccaneer Energy’s CEO talks about how a shallow water Gulf of Mexico explorer chose to turn its attention to drilling in the Cook Inlet, and how various state tax changes have helped make the economics work.
By John Kingston | September 22, 2011 02:40 PM Comments (0)
They talked about a lot of things at the Alaska Oil & Gas Congress in Anchorage earlier this week. There’s the issue of a gas pipeline to take natural gas away from the North Slope. Does it go to Alberta and into the North American grid, or does it go to Valdez for export as LNG?
And what about the tax system? Is it discouraging production from existing fields? And how about the federal government? Will it bless more production in places long guarded by an environmental velvet rope?
But at the end of the day, there’s really only one issue in Alaska.
By News Desk | September 21, 2011 12:05 AM Comments (0)
As the Alaska state government announced Tuesday that the state’s residents were going to get their smallest dividend check since 2006 from its permanent oil fund — $1,174 compared to $1,281 last year — many of the industry’s leaders were just down the street, talking about a future both optimistic and pessimistic at the same time.
By News Desk | June 24, 2011 04:57 PM Comments (1)
A few thoughts on this week’s IEA decision to release strategic oil stocks around the world:
By Sarah-Jane Belfield | March 4, 2010 06:05 PM Comments (0)
Interior Secretary Ken Salazar took a few rhetorical bullets for the Obama administration this week while defending his department’s 2010-2011 budget request in front of the US Senate Energy and Natural Resources Committee.
Republicans blasted Obama proposals to cut billions of dollars of tax breaks for the oil and gas industry, hike fees and royalties charged to companies that drill on public land, and make it tougher to obtain both onshore and offshore leases.
By Robert Sharp | October 16, 2009 02:04 PM Comments (2)
Call it poetic justice: faced with the loss of Arctic sea ice because of global warming, increasing polar bear sightings are being reported around coastal Alaska oil and gas operations, raising the possibility of dangerous encounters and disrupted operations.
There is, probabilistically speaking, oil and gas under the melting Arctic ice: US Geological Survey
By Robert Sharp | June 5, 2009 04:01 PM Comments (1)
We recently reported in this space and in Platts Oilgram News about the heightened interest in the hydrocarbon resources of the Arctic that are becoming potentially more accessible with the retreat of the of the polar ice under the assault of global warming.
It’s been assumed that a great deal of oil and natural gas is beneath floor of the Arctic Ocean. The first-ever comprehensive resource assessment, undertaken by the US Geological Survey, suggests that’s a reasonable assumption. The USGS concluded that about 30% of the world’s undiscovered gas and 13% of undiscovered oil may be found in the area north of the Arctic Circle, mostly offshore under less than 500 meters of water.