Marathon Announces Natural Gas Discovery in New Area of Oklahoma

As part of the Company’s targeted expansion into key resource plays of North America, Marathon Oil Corporation announced that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadarko Basin, targeting the Woodford Shale resource play in Canadian County, Oklahoma. The Cana No. 1-15H discovery well was drilled to a true... 

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Anaconda Announces Additional High-Grade Drill Results and New Molybdenum Results From the Inca de Oro Sur Joint Venture

Anaconda Mining Inc. announce results for a further ten diamond drill holes from the Inca de Oro Sur Joint Venture (“Inca de Oro Sur” or the “Project”). Inca de Oro Sur is located within the historic Inca de Oro mining district in northern Chile, approximately 100 kilometres north of Copiapo. Exploration Program Overview A diamond drill program wholly funded and operated by... 

Fox Petroleum Acquires Shell Oil Seismic Data For Catcher’s Mitt Prospect in Alaska’s Cook Inlet

Fox Petroleum Inc. an independent oil and gas exploration and production company headquartered in London, England, focused on exploration and production in the USA and the UK, is pleased to announce that it has acquired a license to over 121 line miles of CDP seismic from Shell Oil Company covering Fox’s Catcher’s Mitt prospect. Hodgden and Associates have estimated the prospect’s potential... 

Residents suing over proposed Chuitna coal mine

Chuitna River residents are going to court to fight a coal mine being built in their area. Residents filed an appeal with the Alaska Superior Court Monday. The suit challenges Natural Resources Commissioner Tom Irwin’s refusal to consider a petition designating land within the Chuitna River watershed as unsuitable for surface coal mining.  Read More →

Mining employment slips

The average number of mining and natural resources jobs in Fairbanks dropped 14 percent in the first quarter of 2007 after five consecutive years of first quarter growth, according to figures from the U.S. Bureau of Labor Statistics. While preliminary figures show a recovery in the second quarter of 2007, the dip provides a glimpse of the impact two major gold mines have on employment in the region,... 

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True North Energy Corporation Announces $2,000,000 Equity Financing

True North Energy Corporation, an independent energy exploration company is pleased to announce it has closed a recent private placement of 800,000 units priced at $2.50 per unit for total gross proceeds of $2,000,000. Each unit consists of one share of our common stock and one common stock purchase warrant priced at $3.50 per share and exercisable over the next three years for the purchase of an additional... 

Conservationists ask if Chuitna coal mine is worth the risks

Mining the Beluga coal fields across Cook Inlet from the Kenai Peninsula may put a spark in the Southcentral Alaska economy, but conservationists say it also will endanger rich salmon spawning streams and add significant pollution to the local atmosphere. PacRim Coal LP, the company developing the Chuitna Coal Project located within the Beluga deposit, is at work on a supplemental environmental impact... 

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Beluga coal deposits eyed as Southcentral gas wanes

As declining oil and gas resources in Alaska and across the globe come under increasing market pressure, developers are eyeing the profit potential of the Beluga coal field deposits. One such undertaking already well along in the environmental impact process is the Chuitna Coal Project, a surface coal mining and export venture proposed by PacRim Coal LP located at the Beluga Coal Field northwest of... 

Palin’s new energy

Sarah Palin’s gubernatorial campaign slogan “New Energy for Alaska” promised a fresh look at Alaska’s future and hinted that the energy industry would feature high on her administration’s agenda. But now that the campaign dust has started to settle, it’s worth a look at what the governor-elect said and what it might mean for Alaska’s oil and gas industry. The... 

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Coal gasification options in Alaska

In the portfolio of possibilities for the development of Alaska energy resources, coal gasification has taken a prominent position in the past year. In November 2005 Agrium announced its Blue Sky project, to use coal gasification as an alternative to natural gas to feed its fertilizer plant at Nikiski on the Kenai Peninsula ”” in August the company announced that it was progressing to phase... 

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