Space Travel News  
OIL AND GAS
Arctic wilderness area in Alaska to be opened to drilling
by Daniel J. Graeber
Washington (UPI) Apr 20, 2018

An initial step toward opening up an Arctic wilderness area in Alaska to oil and gas development unveils a revenue stream for the state, the governor said.

A document published Friday in the Federal Register by the U.S. Interior Department outlined plans for a leasing environmental impact statement for an oil and gas leasing plan. The area under consideration includes 1.6 million acres in the Arctic National Wildlife Refuge, designated as the so-called 1002 Area.

Alaska Gov. Bill Walker said opening ANWR up to drillers presented a historic opportunity for the state.

"This is an important priority for my administration given the potential for significant new revenues from lease sales and production," he said in a statement late Thursday.

The U.S. tax reform passed late last year included language inserted by U.S. Sen. Lisa Murkowski, R-Alaska, that opened the 1002 Area. Murkowski's office said the ANWR section is a non-wilderness portion of the refuge and her provision carved out only a "small portion" of the acreage for oil and gas drilling. The area in question represents about 8 percent of total ANWR acreage.

President Donald Trump said the parts of ANWR opened to drillers may rank in the top globally in terms of field potential. A study from the U.S. Geological Survey found as much of 10.4 billion barrels of oil could be considered commercial with oil priced at $30 per barrel. Brent crude oil, the global benchmark for the price of oil, was near $70 per barrel early Friday.

Alaska is struggling with budgetary issues amid declining oil and gas production. The four-week average for daily crude oil production from Alaska of around 500,000 barrels per day is down about 5 percent from this time last year. The four-week average of 9.9 million bpd from the Lower 48, meanwhile, is up 15 percent.

The Anchorage Economic Development Corp. said the oil and gas sector in the state lost 4,000 jobs in the last four years.

The Center for American Progress, a liberal-leaning group, said the push into the Arctic wilderness is reckless and perhaps non-commercial. Its analysis found oil and gas leases would generate about $37.5 million in federal revenue, "far short of the $1 billion to $1.8 billion that drilling proponents claim could be raised."

"Our generation must not allow the Trump administration to transform the wildest place left in America into an industrial complex of oil rigs, roads, pipelines and landing strips," added Adam Kolton, the executive director of the Alaska Wilderness League:


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Greenpeace finds coral reef in Total's Amazon drilling area
Bras�lia (AFP) April 17, 2018
Environmental campaigners Greenpeace said Tuesday that a massive coral reef has been found to extend right into where France's oil company Total plans to drill near the mouth of the Amazon. The reef was discovered in 2016, but is now known to extend further than thought, right into areas where Total is seeking to drill, 75 miles (120 km) off the Brazilian coast, the group said. The finding, made during a research expedition, invalidates Total's environmental impact assessment, which is based on ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
Trace Gas Orbiter reaches stable Mars orbit, ready to start science mission

Mars impact crater or supervolcano?

The Rock Outcrop 'Tome' Continues to Garner Interest On Mars

Mars Express to get major software update

OIL AND GAS
NASA offers 4K tour of the moon

NAU planetary scientist's study suggests widespread presence of water on the Moon

Indian space agency postpones second Moon mission to October

Second blue moon of the year is last until 2020

OIL AND GAS
Pluto's largest moon, Charon, gets its first official feature names

Juno Provides Infrared Tour of Jupiter's North Pole

SSL to provide of critical capabilities for Europa Flyby Mission

Jupiter's turmoil more than skin deep: researchers

OIL AND GAS
Newly discovered salty subglacial lakes could help search for life in solar system

SPHERE Reveals Fascinating Zoo of Discs Around Young Stars

A Cosmic Gorilla Effect Could Blind the Detection of Aliens

NASA's newest planet-hunter, TESS, to survey the entire night sky

OIL AND GAS
ISRO not facing funds crunch: Chairman K.Sivan

Alaska Aerospace Clarifies Commercial Aerospace Plans For Kodiak

Boeing HorizonX Invests in Reaction Engines, a UK Hypersonic Propulsion Company

NEXT-C Advanced Electric Propulsion Engine Cleared to Begin Production

OIL AND GAS
Flowers on the Moon? China's Chang'e-4 to launch lunar spring

China's 'space dream': A Long March to the moon

China says Earth-bound space lab to offer 'splendid' show

Tiangong-1 expected to burn up on reentering atmosphere

OIL AND GAS
Trail of glassy beads helps scientists track down missing crater

Here, There and Everywhere: Across the Universe with the Beatles

A star disturbed the comets of the solar system in prehistory

Russian scientists use lasers to destroy mini asteroids









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.