Alaska Promised Exemption from Oil and Gas Production Ban
During his visit to Alaska, U.S. Interior Secretary Doug Burgum promised to reverse a decision by the previous administration and “free up” 13 million acres of land—out of a total of 23 million acres—for oil and gas production. Joe Biden had previously designated these lands as “special zones.” Companies such …
Japan Does Not Believe Gas Production in Alaska Will Begin in 2031
Donald Trump is encouraging Asian countries, including Japan, to participate in the construction of an LNG plant in Alaska, under the pretext of reducing the trade deficit. However, Japanese companies are skeptical about the profitability of this project, which is estimated to cost at least 44 billion US dollars, according …
Alaska Will Sue Due to Lost Revenues from Oil and Gas Sections
Alaska filed a lawsuit in court, demanding compensation due to loss of income that arose as a result of withdrawal by the federal authorities for the lease of oil and gas plots concluded under the administration of the former president D. Trump. The staff published the corresponding claim document. The …
Santos and Repsol Consider Selling Stakes in Alaska Oil Fields
Santos and Repsol are considering selling a minority stake in oil fields they jointly own and develop in Alaska. The deal could cost about $1 billion. Oil fields include the Pikka project, one of the largest in Alaska. Its value is estimated by consulting firm Rystad Energy at $4.5 billion. …
Biden Will Not Give New Hydrocarbon Areas in Alaska
In the national park in Alaska, it will no longer be allowed to extract oil and gas, as well as metals, but this does not apply to the scandalous ConocoPhillips project. The US President issued a decree according to which the lease of new hydrocarbon areas in the Arctic National …
Barossa Gas Project on Australia’s Continental Shelf Nears Completion
The Barossa gas project, located in the Timor Sea on the continental shelf of north-west Australia, is now 70.6% complete. The Santos company announced this on April 18, 2024 in its report for the 1st quarter of 2024. Santos theses: installation of the 262km export gas pipeline between the floating …
In the US the Cost of Leasing Federal Land for Oil and Gas Companies Will Increase 15 Times
The cost of leasing federal lands in the United States for oil and gas companies will increase 15 times. The Washington Post writes about this. The new rule, released April 12 by the Bureau of Land Management, will increase rents to $150,000 per unit, up from the current $10,000. The …
The Share of the US Loss in Oil Production Due to Its Ban in the Arctic is Named
The introduction by the United States of a partial ban on production in the Arctic could lead to a loss of about 1.5-2% of the country’s oil production, but this is unlikely to have any tangible impact on the fuel and energy complex, this opinion was expressed by RIA Novosti …
Biden’s Alaska Plan Threatens New Wells
The Biden administration is pursuing initiatives that could make it impossible to extract oil under new leases in the 23 million-acre area. Alaska’s congressional delegation said the Biden administration “abruptly decided to revise the law so that it could treat the 13.1 million acres of the refuge as de facto federal lands.” …
Biden Intends to Cancel Licenses for Hydrocarbon Production in Alaska Issued Under Trump
The American president noted that these measures will help preserve Arctic lands and wildlife US President Joe Biden intends to cancel permits issued by the previous US administration led by Donald Trump to lease federal lands in the state of Alaska for the development of oil and gas fields. This …