BP just can’t keep out of the news these days.
After hitting the Gulf coast with its Macondo well oil spill last year, the oil major as of Saturday was seemingly involved in another major oil-infrastructure fail — the shutdown of its Trans-Alaska pipeline system due to a leak. Read more
While Royal Dutch Shell waits to hear from the US government on whether it will be permitted to drill in Alaska next year, environmentalists are stepping up their campaign for a “no” vote.
The Pew Environment Group is the latest to speak out against drilling in the arctic. It has released the most comprehensive analysis done on the challenges to preventing and containing spills in the area. Highlights include noting that darkness, extreme weather and shifting sea ice could delay efforts to stop an oil blowout in the US Arctic Ocean for six months or more. Read more
As if there were not enough gas in the US.
The US Geological Survey has discovered that much of what it thought was oil in the National Petroleum Reserve in Alaska is actually gas. It says in a new report that new estimates are for 896m barrels of conventional, undiscovered oil and 53 trillion cubic feet of conventional, undiscovered, non-associated gas within the reserve and adjacent state waters. Read more