Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
ANWR drilling a big deal, Trump says
by Daniel J. Graeber
Washington (UPI) Feb 2, 2018

Opening up the potential for oil and gas in parts of an Alaskan wildlife refuge was one of the biggest components of the tax overhaul, the U.S. president said.

The U.S. tax reform passed late last year included language inserted by U.S. Sen. Lisa Murkowski, R-Alaska, that opened the so-called section 1002 Area of the Arctic National Wildlife Refuge to drillers. Murkowski's office said the section the 1002 Area 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.

Speaking at a Republican retreat in West Virginia, President Donald Trump said the parts of ANWR opened to drillers may rank in the top globally in terms of field potential. After hearing it may be "the biggest thing," he said he wanted to make sure it was in the tax bill.

"I really didn't care about it, and then when I heard that everybody wanted it ... I said, make sure you don't lose ANWR," he said.

The tax bill outlined two lease sales over the next 10 years. 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.

In his State of the State address in mid-January, Alaska Gov. Bill Walker said opening up ANWR was a clear signal from the Trump administration to develop natural resources to support an economy hobbled by the energy market collapse a few years ago.

"We make nothing on oil discovered but left in the ground," he said. "Access and production are key."

After the tax bill passed, members of the indigenous communities in Alaska were joined by Sens. Elizabeth Warren, D-Mass., Jeff Merkley, D-Ore., and Tom Udall, D-N.M., and Rep. Alan Lowenthal, D-Calif., in voicing opposition to the effort to drill in ANWR.

No Democrat voted in favor of the tax bill.

In early December, the Interior Department put 900 tracts covering 16,100 square miles in the National Petroleum Reserve-Alaska on the auction block. The auction garnered bids for only seven of those tracts.


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
Method of petroleum extraction based on injections of nanosized metal oxide colloids
Kazan, Russia (SPX) Feb 05, 2018
Sergey Sitnov, Senior Research Associate of the Laboratory, is one of the seven 2017 Russian Presidential Grant winners from KFU. His work at the laboratory focuses on finding ways to increase efficiency of high-viscosity oil extraction with various catalytic systems. Since beginning in 2013, these studies have already shown noticeable results - new methods of catalytic agents synthesizing were developed and patented - but now a different line of research is gaining more attention. Namely, e ... 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
Bio-renewable process could help 'green' plastic

To maximize sugarcane harvesting, use the right blade

The making of biorelevant nanomaterials

Malaysia protest against EU push to ban palm oil in biofuels

OIL AND GAS
Kyocera TCL Solar completes 21MW solar plant on repurposed land

U.S. tariff on solar power components met with backlash

New discovery could improve organic solar cell performance

Less than half of EU members meet 2020 renewable targets

OIL AND GAS
Ireland pushing for greener economy

China wind turbine-maker guilty of stealing US trade secrets

Scotland sets up $83 million low-carbon fund

German offshore wind farm closer to powering mainland

OIL AND GAS
Thorium reactors may dispose of enormous amounts of weapons-grade plutonium

Framatome continues ramping up production at its Le Creusot site

USA: Framatome to acquire Instrumentation and Control nuclear business of Schneider Electric

Framatome nuclear fuel contract with CNNC

OIL AND GAS
NETs will not compensate for inadequate climate change mitigation efforts: EASAC report

France says it fell short on greenhouse gas emissions

How to reduce heat extremes by 3C

Latin Americans more concerned about climate change than US, Canada

OIL AND GAS
Waymo ramps up self-driving fleet with 'thousands' of cars

NREL research determines integration of plug-in electric vehicles

VW hid 'devastating' result from diesel exhaust tests on monkeys

VW suspends chief lobbyist over emission tests on monkeys

OIL AND GAS
Iraqis maimed in battle struggle to survive as amputees

Interpol returns ex-minister wanted for corruption to Iraq

Eight dead as US-led strike hits Iraq forces

Facing death in Iraq, European jihadists won't get help from home

OIL AND GAS
Not there yet, but US officials warn N.Korea soon to perfect ICBM

Trump zeroes in on North Korea, Iran threats

UN Security Council to inspect 'Iranian-made' missile debris

S. Korea urges North to talk before military drills restart









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.