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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In 2006 corrosion in its pipelines led to a sizeable spill on Alaska's North Slope.
The rig had been working in the Beaufort Sea, off Alaska's North Slope.
The 800-mile pipeline, owned by a BP PLC-led consortium, carries about 670, 000 barrels of oil a day 13% of U.S. production from Alaska's North Slope the length of the state to Port Valdez.
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.
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.
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.
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.
The North Slope of Alaska produces about 630, 000 barrels of oil a day about 9% of total U.S. output.
And take it from a gal who knows the North Slope of Alaska: We've got lots of both.
In the U.S., major federal industry partnerships have been formed in both the Gulf of Mexico and on 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.
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.
"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.
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.
Another U.S. gas hoard ripe for export is on the North Slope of Alaska, where for decades operators led by BP have been reinjecting associated gas recovered from Prudhoe Bay and other oil fields back into the ground.
Edward S. Itta served as the Mayor of the North Slope Borough of Alaska from 2005 to 2011.
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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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The company that operates the Trans Alaska Pipeline told operators on the North Slope to cut crude production by 95%, after discovering an oil leak.
Hence decades worth of hand-wringing over the Trans-Alaska Pipeline and the (current) closing of large areas of the North Slope to oil drilling.
Separately, in August, Alaska Gov. Sarah Palin, the former GOP vice presidential candidate, signed a bill allowing TransCanada Alaska to build a 1, 715-mile natural gas pipeline from the North Slope's Prudhoe Bay to Alberta, Canada.
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