Peaking behind BLM curtain gives high school grads rare collegiate and career insights blm.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blm.gov Daily Mail and Mail on Sunday newspapers.
FAIRBANKS, Alaska – Contract proposals for Western Alaska Village-based Type 2 wildland firefighting hand crews will be sought for the 2021 fire season by about March 26, 2021, according to a pre-solicitation notice published last week by the Bureau of Land Management Alaska Fire Service (BLM AFS). Multiple contractors may be selected to base crews […]
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.
NEWS BULLETIN
January 2021
Biden shuts down Peregrine exploration
Scott de la Vega, acting secretary of the Interior who took office Jan. 20 in the Biden administration, effectively shut down 88 Energy subsidiary Emerald House s winter exploration drilling program in the National Petroleum Reserve-Alaska, emailing the project operator Order 3395 the afternoon of Jan. 21. The order was dated Jan. 20.
Work on Project Peregrine was already underway with Emerald House having spent about $3.2 million to date in rig mobilization, the snow road, equipment hauling, and related costs. The Merlin 1 well, the first of two of the Peregrine Project wells, is some 95 miles from drill site 2P. With drilling expected to get underway between Feb. 15 and March 1, the company was told by Interior s Bureau of Land Management Alaska that their drilling permits would be issued in about two weeks.
Biden shuts down Peregrine exploration petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.