From the Associated Press, via Petroleum News:
Oil tumbled below $44 a barrel Dec. 4 and the average gallon of gasoline is now less than $1.80 nationally*, both four-year lows, as the number of people continuing to receive government aid reached a 26-year high, factory orders hit an eight-year low and major corporations slashed jobs.
Though the [...]
Archive for the ‘Gas’ Category
Gas Prices Fall Because Nobody’s Driving
Posted in Gas, tagged Gas Prices, Oil Prices on December 5, 2008 | Leave a Comment »
ExxonMobil Starts Point Thompson?
Posted in Alaska, ExxonMobil, Gas, Oil, tagged Alaska, ExxonMobil, Gas, Oil, Point Thompson on August 22, 2008 | 1 Comment »
From Upstream:
ExxonMobil says it is poised to launch a new $1.3 billion plan to develop the field, the first exploration since 1982. The company plans to build nearly 50 miles of ice road and an ice air strip and start drilling exploration wells this winter, [...]
Arctic Oil
Posted in Alaska, Arctic, Canada, Gas, Oil, Russia, tagged Alaska, Arctic, chukchi sea, Gas, Oil, USGS on July 25, 2008 | 1 Comment »
From The Independent, a UK-based newspaper (article, by Michael McCarthy), an article about the new USGS report showing that the Arctic may hold up to one fifth of the world’s undiscovered but exploitable oil and gas reserves:
This includes 90 billion barrels of oil, enough to supply the world for three years at current consumption rates, [...]
Greenland Oil & Gas – USGS Assessment Out
Posted in Arctic, Gas, Oil, tagged Arctic, Gas, Greenland, Oil, USGS on June 18, 2008 | Leave a Comment »
The Arctic has been touted by many groups as the next big undiscovered resource. But as the Arctic geology becomes more understood, it’s looking less like the next Saudi Arabia and more like a smaller gas province. From Petroleum News, by Gary Park:
The U.S. Geological Survey has made another contribution to the [...]
Icebreaker LNG Ships to the North Slope?
Posted in Alaska, Arctic, Gas, Prudhoe Bay, tagged Arctic, Icebreaker, LNG on June 13, 2008 | Leave a Comment »
As if all the feuding between Governor Palin’s AGIA/TransCanada gas pipeline and the ConocoPhillips/BP Denali gas pipeline wasn’t enough, Petroleum News reports that the American Bureau of Shipping has a joint initiative with the Russian Marine Register of Shipping to jointly develop ship classification rules for icebreaking LNG carriers.
