Groups in Alaska have sued the U.S. Interior Department to block an offshore oil and gas lease sale that residents say threatens Arctic marine wildlife and the traditional Inupiat Eskimo way of life.
The North Slope Borough and the Alaska Eskimo Whaling Commission, in a lawsuit filed in U.S. District Court in Anchorage on Tuesday, claim [...]

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 [...]

Shell is moving ahead with its plans for drilling exploration wells in the Beaufort Sea next year.
Shell plans two wells at the Siv Ullig field and two wells east of that at a location named Olympia, Paul Smith, Shell operations manager, said at a recent National Marine Fisheries Service meeting.
Siv Ullig was previously known as [...]

The Bush administration, bowing to pressure from environmental groups, has offered to scale back a plan to expand oil and natural gas drilling on Alaska’s North Slope.
The U.S. Interior Department yesterday asked a court in Anchorage to allow the planned Sept. 27 sale of about 8 million acres in the National Petroleum Reserve to go [...]

Alaska Inupiat are opposed to offshore oil drilling, preferring that developers turn their attention to the Arctic National Wildlife Refuge.
The Inupiat in the northern coastal community of Barrow are worried offshore development could threaten their traditional hunt for bowhead whales, seals and walrus, says Eugene Brower, president of the Barrow Whaling Captains’ Association.
He’s concerned the [...]