"The coming boom oil price cycle will make ANWR development look a lot more attractive to oil companies than it does in today's glutted market," McNally said. Want to bookmark your favourite articles and stories to read or reference later? Want an ad-free experience?Subscribe to Independent Premium.
The most insightful comments on all subjects will be published daily in dedicated articles. It has little infrastructure," Per Magnus, head of analysis at Rystad Energy, told CNN Business. "Management teams understand this is very politically controversial," said Molchanov.
UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well with modern technology
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ANCHORAGE, Alaska (AP) — While Alaska's Republican governor continues promoting the oil industry underpinning the state's economy, he also has expressed interest in renewable energy projects.
“He said he even drove out to Eklutna to conceptualize it.”. ANCHORAGE, Alaska (AP) — Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years.
Alaska is warming twice as fast as the global average as climate change threatens to impose steep costs in the state. When asked if he thought Alaska should be allowed to continue to drill for oil to meet some of the costs of climate change, Mr Walker answered, “absolutely”. It's a bizarre time for the Trump administration to move forward with controversial plans to open Alaska's pristine Arctic National Wildlife Refuge up to drilling. they have our firewall IPs whitelisted.
Even if Trump can overcome legal challenges to offer lease sales in ANWR, that doesn't mean anyone will show up given the rising social and environmental pressures, low oil prices and uncertainty about oil demand. All rights reserved.
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