Page 61 - Export Authority News Today

After decades of pushback and protest, the Trump administration has started to auction off oil drilling leases deep in Alaskas wilderness. However, the sale has not quite gone to plan so far. Auctions for oil and gas drilling leases in the coastal plain of the Arctic National Wildlife Refuge in Alaska, the wildest place left in the United States, kicked off on Wednesday, January 6, after a federal judge ruled on Tuesday that the sales can go ahead. Despite some expectations, however, the auct...

JUNEAU — The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaskas Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder. The sale, held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event, garnered bids on half the 22 tracts that were listed as available in the refuges coastal plain. The U.S....

A state corporation, the Alaska Industrial Development and Export Authority, was the main bidder on the leases. Its executive director, Alan Weitzner, in a statement, said in acquiring nine tracts, "Alaska preserves the right to responsibly develop its natural resources."

The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska's Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder.

Jan 7, 2021 JUNEAU, Alaska (AP) — The U.S. government held its first-ever oil and gas lease sale Wednesday for Alaska’s Arctic National Wildlife Refuge, an event critics labeled as a bust with major oil companies staying on the sidelines and a state corporation emerging as the main bidder. The sale, held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event, garnered bids on half the 22 tracts that were listed as available in the refuge...

Arctic Refuge Oil Lease Sale Compromises Vital Alaska Wilderness   Washington — The Alaska Industrial Development and Export Authority emerged as the apparent high bidder in the Trump administration’s illegal oil and gas lease sale as part of its Coastal Plain Oil and Gas Leasing Program for the Arctic National Wildlife Refuge.    Today’s bids disregard the facts: oil and gas drilling on the Arctic Refuge coastal plain would threaten Indigenous rights, industrialize one of America’s ...

Image: Shutterstock The Trump administration has held an auction for rights to drill for oil in Alaska’s Arctic National Wildlife Refuge (ANWR) and has received lower than expected interest from bidders. The sale generated around $14.4 million (£10.6m) in bids, which is lower than the Congressional Budget Office’s estimate of $1.8 billion (£1.3bn). The Alaska Industrial Development and Export Authority, a state agency, emerged as the sole high bidder of the oil and gas lease sale. Severa...

Daily on Energy: Energy and business groups break with Trump after mob violence Print this article Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with whats going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! BUSINESS GROUPS FAULT TRUMP: Energy and business lobby groups that aligned with most of President Trump’s agenda were nonetheless eager to turn the page and quick to accept President-el...

Majors steered clear of the sale. (Bloomberg) --The Trump administration’s unprecedented auction of Arctic drilling rights Wednesday netted just $14.4 million from three bidders, with major oil companies steering clear of the sale. Amid low crude prices, fears about a backlash from the public and the prospect of regulatory uncertainty, just two oil companies placed bids on leases in the Arctic National Wildlife Refuge’s coastal plain: Knik Arm Services LLC and Regenerate Alaska Inc. They we...

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