Development of potentially vast and important unconventional energy resources in Alaska – including viscous oil and methane hydrates – could be accelerated under a Memorandum of Understanding signed today by the state’s Department of Natural Resources and the U.S. Department of Energy.
President Obama’s FY 2014 budget seeks $638.0 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels as well as manage the Strategic Petroleum Reserve and Northeast Home Heating Oil Reserve to provide strategic and economic security against disruptions in U.S. oil supplies.
Fifteen research projects aimed at addressing the technical challenges of producing natural gas from shales and tight sands, while simultaneously reducing environmental footprints and risks, have been selected to receive a total of $28 million in funding from the U.S. Department of Energy’s Office of Fossil Energy.
As part of the government-wide response and recovery effort for Hurricane Sandy and the Nor’easter, the Energy Department is providing the Department of Defense with additional ultra-low sulfur diesel fuel from the Northeast Home Heating Oil Reserve in response to a request from the State of Connecticut.
The Energy Department today announced the selection of 14 new research projects across 11 states that will be a part of an expanding portfolio of projects designed to increase our understanding of methane hydrates’ potential as a future energy supply.