Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  

Subscribe to our free daily newsletters

Alaska tries again with ANWR drilling
by Daniel J. Graeber
Washington (UPI) Nov 16, 2017

Opening up an Arctic wildlife refuge to drillers is either a sellout to the oil industry, or a symbolic win for the economy, depending on one's position.

Competing claims were made after the U.S. Senate passed a budget reconciliation proposal to open the 2,000-acre Arctic National Wildlife Refuge up to oil and gas drillers. The Arctic Slope Regional Corp., a title holder in the North Slope advocating for fossil fuels, pointed to an unspecified poll that showed a "clear majority" of those living in the region want responsible development. For its part, climate group Earthjustice said "a majority of Americans" oppose drilling in ANWR.

U.S. Sen. Lisa Murkowski, the Alaskan Republican who introduced the provision, said it would open up only a small non-wilderness part of the region, which she said in a statement would bolster U.S. energy security and "create thousands of good jobs."

The Congressional Budget Office estimates that implementing the legislation would bring about $1.1 billion in royalties to Alaska, while costing about $10 million for environmental reviews and administrative costs through 2022.

The four-week average for Alaskan crude oil production is 509,000 barrels per day, representing about 5 percent of total crude oil production. The U.S. Energy Information Administration estimated in a decade-old study that additional production from opening ANWR reaches 780,000 bpd by 2027, but then starts to decline quickly from there.

Alaska's government in 2014 awarded oil and gas drilling licenses after clarifying authority near the border of the wildlife refuge. Some lawmakers objected to the state decision, calling on the Department of Interior to "protect the biological heart of the refuge from oil and gas exploration and drilling."

The refuge is home to threatened polar bears and opponents for decades have questioned whether drilling would be worth the environmental risk.

When U.S. President Barack Obama announced plans in 2015 to set aside 12 million of the 19 million acres in the refuge, Murkowski said it was clear the White House "does not care about us."

The U.S. House of Representatives last week passed the so-called SECURE American Energy Act, H.R. 4239, which would expand access to drilling for oil and gas offshore, including Alaska, and offer some support for wind energy development. The SECURE Act would also expand revenue-sharing to Alaska and Atlantic states.

Murkowski's legislation now makes its way to the full Budget Committee.

Venezuela in 'selective default', signs debt deal with Russia
Moscow (AFP) Nov 15, 2017
Venezuela signed a debt restructuring deal with major creditor Russia on Wednesday, a diplomatic source told AFP, as ratings agencies declared Caracas in partial default. The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling oil prices and American sanctions. The source did not give details of the deal, which are s ... read more

Related Links
All About Oil and Gas News at

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

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

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

To find new biofuel enzymes, it can take a microbial village

Sandia speeds transformation of biofuel waste into wealth

Study identifies additional hurdle to widespread planting of bioenergy crops

Penn researchers mimic giant clams to enhance the production of biofuel

China Saves the World, and America Too by Going Off-The-Grid

In Morocco, a blue tourist town is turning green

Learning from photosynthesis

Sunny future for renewables thanks to China: IEA

End tax credits for wind energy, Tennessee Republican says

New York sets high bar for wind energy

Construction to begin on $160 million Industry Leading Hybrid Renewable Energy Project

A kite that might fly

A fast reactor system to shorten the lifetime of long-lived fission products

France backtracks on nuclear power reduction target

AREVA NP introduces FORERUNNER robot to optimize steam generator inspections

Nuclear energy programs may not increase likelihood of proliferation

Scientists warn of 'giant leap backward' at climate talks

Heat on 'climate chancellor' Merkel over coal and cars

US defends fossil fuels at UN climate meeting

Climate target too low and progress too slow: top scientist

Lyft takes Uber challenge north to Canada

Vehicle emissions per driver on the rise, study finds

EV corridor will stretch from Norway to Italy

Auto workers at Chinese-owned US plant reject bid to unionize

Iraq forces launch assault on last IS-held pocket

IS recaptures last Syrian urban bastion in fierce fightback

Millions mark key Shiite commemoration in Iraq holy city

Iraq needs 'Marshall Plan', says Kirkuk archbishop

North Korean nuclear test measured in southwest Germany

N. Korea brands Trump a 'warmonger' as his Asia tour moves to Hanoi

Trump prods Xi to work 'hard' and fast on North Korea

On first Mideast trip, Macron urges 'firm' stance on Iran

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - 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. Privacy Statement