Game Changer? New price pressures for public and private sector officials in Alaska, Canada and other oil producing areas — and new hope for more secure oil supplies for Europe! Thanks to reader Steve Borell for this timely link. dh)
BBC by John Moylan. … up to 100 billion barrels of oil onshore beneath the South of England, says exploration firm UK Oil & Gas Investments (UKOG). …the firm drilled a well at Horse Hill, near Gatwick airport, and analysis of that well suggests the local area could hold 158 million barrels of oil per square mile. …only a fraction of the 100 billion total would be recovered, UKOG admits. "We think we've found a very significant discovery here, probably the largest [onshore in the UK] in the last 30 years, and we think it has national significance," Stephen Sanderson, UKOG's chief executive told the BBC. More….
Associated Press/ADN. The Alaska Senate has passed legislation that would authorize financing for a gas project to serve Interior Alaska.
The bill, which Gov. Bill Walker (NGP Photo) has called a must-have, passed unanimously on Sunday. The House would have to decide whether to agree to the Senate's version.
The bill would allow the Alaska Industrial Development and Export Authority to provide up to $275 million in financing for a gas project serving the Interior if the authority approves a project plan. The plan would have to include the source of gas and the estimated cost of the project and the gas supplied to utilities. Regular reports on the project would be required. (We compliment the Legislature for adding these prudent caveats. -dh)
Leave A Comment