It also announced plans to boost investment in the North Slope fields in Alaska after the Alaskan Legislature lowered taxes on the oil industry.
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However, investors should also keep in mind that average prices for crude oil (Brent, WTI, Alaska North Slope) in Q4 2012, have generally remained in line with the previous quarters.
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Oil companies are currently reinjecting 8 billion cubic feet a day--13% of U.S. demand--to boost the production of oil in the North Slope of Alaska.
Oil companies are currently reinjecting 8 billion cubic feet a day 13% of U.S. demand to boost the production of oil in the North Slope of Alaska.
Having managed her state's department responsible for oil and gas exploration and exploitation, having negotiated a long-delayed natural gas pipeline through Canada to the Lower 48 and having been married for nearly two decades to a blue-collar worker in Alaska's North Slope oil fields, she knows more about the subject than all three of the others on the two parties' tickets put together.
In a big blow for Royal Dutch Shell, the Obama administration has blocked the drilling of exploratory wells in the Arctic Ocean off the North Slope of Alaska until 2011 at the earliest.
"The coastal plain of the refuge is only a tiny fraction of the entire North Slope of Alaska, " he argued, waving his hand in a wide arc.
He's a lifelong commercial fisherman ... a production operator in the oil fields of Alaska's North Slope ... a proud member of the United Steel Workers Union ... and world champion snow machine racer.
The rig had been working in the Beaufort Sea, off Alaska's North Slope.
In the U.S., major federal industry partnerships have been formed in both the Gulf of Mexico and on the North Slope of Alaska.
As much as 150, 000 gallons of ultra low sulfur diesel and approximately 12, 000 gallons of other petroleum products are on board the Kulluk, which had been working in the Beaufort Sea, off Alaska's North Slope, until October.
In 2006 corrosion in its pipelines led to a sizeable spill on Alaska's North Slope.
They also propose more pipelines to move natural gas into the lower 48 from Alaska's North Slope, and would move to hold down price increases that may be put in place by Western electricity providers.
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