More good news on COVID 19; AK projects respond to adversity.

In News by wp_sysadmin


Fauci Says U.S. Coronavirus Deaths May Be ‘More Like 60,000’; Antibody Tests on Way


Oil exploration firm claims discovery of huge Alaska deposit
AP, April 9, 2020

An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay, the company said.  Pantheon Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline System corridor, The Alaska Journal of Commerce reported Wednesday.  The London-based company made an updated evaluation of an old exploration well and used information gleaned from recent nearby drilling, officials said.

ConocoPhillips Shuts Down North Slope Drilling Over Coronavirus Concerns

Key BP Deal Threatened by Buyer’s Financing Snag

Our Take:  As the industry worldwide faces adversity it is critical, for the State of Alaska, those employed in the industry and the support industry, that the BP/Hilcorp deal goes through.  


Oil and Gas Pipelines Are Still Being Built as the Rest of the Economy Shuts Down


Donlin Gold suspends drilling program, moves employees from work camp

Doyon challenges AIDEA’s push for Ambler Road in pointed letter
Erin McGroarty, Fairbanks Daily News Miner, April 9, 2020

Fairbanks-based Alaska Native corporation Doyon, Limited, is calling out the Alaska Industrial Development and Export Authority for pushing through funding for the controversial road to the Ambler Mining District.