Greenpeace USA
Emergency Appeal Filed With 9th Circuit to Block Willow Project
by Tim Donaghy
Email
If President Biden and his administration are serious about combating the climate crisis and prioritizing a transition to renewable energy then it’s time for all the Arctic drilling games to stop
Conservation groups filed an appeal and plan to request an emergency order today in the 9th Circuit Court Appeals to block ConocoPhillips’ work on its Willow oil and gas drilling project in the Western Arctic. They had sued the Trump administration in December for failing to study climate change and other impacts before approving the project’s final development plan.
USGS Releases Estimate of Natural Gas in Alaska s Western North Slope
USGS Releases Estimate of Natural Gas in Alaska Western North Slope
No Estimate Provided for Oil Due to There Likely Being No Recoverable Resources in Assessed Formations
Release Date:
February 5, 2021
USGS provides its first estimate of conventional natural gas resources in rock formations west of the National Petroleum Reserve-Alaska. The rock formations in this region are believed to contain no recoverable oil deposits, so no assessment was made of those resources in this study.
The U.S. Geological Survey (USGS) estimates 1.4 trillion cubic feet of natural gas resources lie undiscovered in the portions of the Alaska North Slope located to the west of the National Petroleum Reserve-Alaska (NPR-A), according to a
IN BRIEF: CHONS Set To Hold 19% Voting Rights In Pantheon Resources
Thu, 4th Feb 2021 15:36
Pantheon Resources PLC - oil & gas exploration company focused on the Alaska North Slope - CHONS LLS requests conversion of 14.3 million of its 102.5 million non-voting shares into ordinary shares with voting rights. CHONS received the non-voting shares, which have one-for-one conversion rights, as part of Pantheon s purchase of two companies from Great Bear Petroleum Operating LLC in January 2019. CHONS will hold 113.4 million voting ordinary shares in Pantheon following admission on Monday next week, 19.2% of the company s enlarged voting ordinary shares. Pantheon will have 590.8 million voting ordinary shares, plus the 88.2 million non-voting shares that CHONS will continue to hold.
Tue, 02/02/2021 - 12:04pm
The Kuukpik 5 rig is seen drilling at the ConocoPhillips’ Putu well south of Nuiqsut in mid-February 2018. ConocoPhillips reported a net loss of $2.7 billion for 2020 on Feb. 2. (Photo/Judy Patrick/ConocoPhillips)
Despite semi-recovered oil prices, ConocoPhillips reported a loss of $772 million in the fourth quarter of 2020 on Feb. 2 with much of that attributed to an asset downgrade in the company’s Alaska operations.
According to a corporate statement, the Alaska segment loss stemmed from “non-cash impairments related to the Alaska North Slope gas asset.” A detailed breakdown of the company’s quarterly financials lists an $841 million impairment in its Alaska business, which subsequent to other adjustments led to a $643 million special item expense.