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2015-10-20 19:25:00

U.S. ARCTIC DECISION

U.S. ARCTIC  DECISION

The API Director of Upstream Erik Milito released the following statement regarding the Obama administration's decision to deny Arctic offshore development extension requests and scheduled 2016 and 2017 Arctic lease sales:

"Our industry's strong interest in developing our country's vast offshore oil and natural gas resources in Alaska was undermined years ago when the administration began implementing a system of regulatory and permitting unpredictability and uncertainty.

"Investment decisions have been directly thwarted by the policy decisions of the administration related to Alaskan Outer Continental Shelf development, and lease extensions are clearly justified under the circumstances. And while it is not surprising that Interior canceled the remaining lease sales because there was an absence of nominations, it is the significant regulatory uncertainty that has created the reluctance on the part of our industry. Still, America's oil and natural gas industry remains firmly committed to the long-term development of offshore Alaska resources.

"Arctic oil and natural gas represent incredible potential for American energy security, jobs and revenue for the government. Access to the region's oil and natural gas resources will remain necessary to provide energy supplies to meet the world's growing demand and vital to keeping America's status as a world leader in energy."

API represents all segments of America's oil and natural gas industry. Its more than 625 members produce, process, and distribute most of the nation's energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.

api.org

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More: 

SHELL STOPPED DRILLING 

SHELL WILL DRILL ARCTIC 

US ARCTIC POLICIES 

U.S. NEED ARCTIC 

U.S. ARCTIC DRILLING

 

 

Tags: USA, ARCTIC, OIL, GAS, INVESTMENT

Chronicle:

U.S. ARCTIC  DECISION
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

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U.S. ARCTIC  DECISION
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

U.S. ARCTIC  DECISION
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

U.S. ARCTIC  DECISION
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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