Monday, December 2, 2024

Alaska Can Bring High Hopes, Big Discoveries, Dry Holes

from Hellenic Shipping News/Platts As Alaska’s oil production declines, enormous attention is being paid to even the slightest hint of a find that could turn the state’s fortunes around. Much hope has been pinned on the development of the Nanushuk, a broadly-dispersed set of rocks along the Colville River that extends west into the National Petroleum Reserve-Alaska. Some companies have had

Sears Sues Former CEO, his Hedge Fund, and U.S. Treasury Secretary Steven Mnuchin for Stripping Sears of Assets Worth Billions as it Headed to Bankruptcy

Lawsuit alleges property was fraudulently transferred From the Chicago Tribune Sears Holdings Corp. has filed a lawsuit against its former chairman and CEO, Edward Lampert, and his hedge fund, claiming they wrongly siphoned $2 billion in assets from the company as it headed for bankruptcy. “Had defendants not taken these illegal and improper actions, Sears would have had billions of dollars

U.S. Drillers Tally First YOY Rig Count Decline Since 2016

Total count down 10 By Richard Rostad, analyst, Oil & Gas 360 Drilling activity fell this week in the U.S. continuing a general downward trend, according to Baker Hughes Rig Count. A net ten rigs came offline in the week, leaving 1,012 active in the U.S. The entire decline came in land activity, as inland waters and offshore rig counts