Page 58 - Export Authority News Today

JUNEAU, Alaska (AP) — President Joe Bidens administration announced plans Wednesday...

Has Big Oil Turned Its Back On Alaska? “Is Exploring For Oil Still Profitable?” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving legions of people jobless, and upending the natural order of things, everyone who has anything to do with the energy sector has found themselves asking these kinds of existential, world-altering questions. Until 2020, claims of peak oil just on the horizon wer...

Advertisement Trilogy Metals Inc. has announced that the Alaska Industrial Development and Export Authority (AIDEA) has signed agreements for right-of-ways for the Ambler Road Project with the US Bureau of Land Management (BLM) and the National Park Service (NPS). The agreements grant a 50-year right-of-way on federally owned and managed land by the federal agencies for the future development of the Ambler Mining District Industrial Access Road. On 23 July 2020, the BLM issued the joint record ...

Trump Offered Up The Arctic, But Oil Firms Didnt Want It Submitted by on 18 January 2021 What’s happening? The Trump administration’s auction of drilling rights in 1.6 million acres of the Arctic National Wildlife Refuge on 6 January raised just $14.4m dollars, or $27 per acre, with only half of the available acres receiving bids. A 2017 bill had projected the government would earn a billion dollars from the auction, alongside a second sale. Only three companies submi...

Premium Content Has Big Oil Turned Its Back On Alaska? By Haley Zaremba - Jan 16, 2021, 2:00 PM CST “Is Exploring For Oil Still Profitable?” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving legions of people jobless, and upending the natural order of things, everyone who has anything to do with the energy sector has found themselves asking these kinds of existential, world-altering quest...

Trump Auctions Off Arctic Refuge Land to Oil Companies   ANCHORAGE, Alaska, January 14, 2020 (ENS) – The Trump administration has begun to auction off roughly one-third of Alaska’s Arctic National Wildlife Refuge for oil drilling. It is no coincidence that this lease sale was announced with only a few weeks left in the Trump presidency, as President Donald Trump is eager to kickstart Arctic oil drilling before leaving the White House on January 20. The refuge is home to some of the most d...

© Getty Images On Jan. 6, the Trump administration — with the full support of Alaska’s congressional delegation — trampled the human rights of the Indigenous Gwich’in people and doubled down on the climate crisis by auctioning off the Arctic National Wildlife Refuge to the oil industry for a paltry $14.4 million.  In the 2017 Tax Cuts and Jobs Act, Republicans promised that lease sales in the refuge would bring at least $1 billion. Now, America’s biggest, greatest wild landscape has...

Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) On Friday the statistical arm of the U.S. Department of Energy released figures on how dramatically domestic fossil fuel production has changed since the onset of the COVID-19 pandemic. Moreover, it unveiled its projected timeline for a rebound in output. The...

The Trump administration’s Arctic Refuge oil lease auction was a total bust Photo by Shelley Wales/iStock On the afternoon of Wednesday, January 6—as many Americans were transfixed by the violent insurrectionists laying siege to the US Capitol—the Department of the Interior was undertaking what some conservationists have likened to another kind of plunder: the first-ever oil and gas lease sale in one of North America’s most iconic wilderness landscapes.  For more than 40 years, enviro...

Brian Adams Decades of legal action, speculation and political wrangling over drilling on the coastal plain of Alaska’s Arctic National Wildlife Refuge culminated in an underwhelming lease sale on Jan. 6. Only three parties placed bids for drilling rights on the land on the state’s North Slope, which is considered crucial habitat for the Porcupine caribou herd. The sale garnered about $14 million, according to the Bureau of Land Management — much less than a 2017 Congressional Budget Offi...