Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

ConocoPhillips details gas leak cause, remedies at hearing

By GENE JOHNSON
March 24, 2023

ANCHORAGE, Alaska (AP) -- ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year.

Officials with the company said that pumping 170 barrels (27,028 litres) of diesel fuel, a freeze-prevention fluid, into a disposal well caused a component to fail and led to the subsequent leak, the Anchorage Daily News reported.

ConocoPhillips officials spoke Thursday at an Alaska Oil and Gas Conservation Commission hearing in Anchorage about the 2022 leak at the Alpine field in northern Alaska. Delayed recognition allowed the leak to continue for days, and the company had not anticipated the shallow underground zone to contain significant amounts of gas.

Erica Livingston, a wells chief engineer for ConocoPhillips Alaska, said the well design has been used many times previously without issues. However, it was not cemented in the area of the zone where the leak occurred because that area was not expected to have gas.

Cementing the well in that area, located about a half mile underground, would have prevented the leak, she said. No gas was detected beyond the drilling site, and no one was harmed by the gas, Livingston said.

The leak at the CD1 drill site began Feb. 27, 2022 but wasn't detected until March 4, 2022. During that time, 7.2 million cubic feet (203,881 cubic meters) of natural gas was released before they were able to capture it.

About 300 personnel were evacuated from the site, which caused concern in the nearby village of Nuiqsut and an investigation by the commission, which oversees oil field operations in Alaska.

Livingston said the U.S. Environmental Protection Agency is also investigating. She called the incident a "significant event" that became a learning opportunity for the company.

ConocoPhillips, the largest oil producer in Alaska, said the company has increased monitoring of pressure at wells and outlined pressure limits and solutions when those are exceeded.

Rosemary Ahtuangaruak, the mayor of Nuiqsut, a community 8 miles (13 kilometers) from the drill site, was one of two members of the public who testified by phone during the hearing.

She said residents hope to learn more about the leak in order to prevent future incidents, especially since Willow will be located about 35 miles (56 meters) west of Nuiqsut. Ahtuangaruak has been vocal in her opposition to the Willow project.

"This event gave our community members much concern," she said. "We want to fully understand to prevent this from happening at the new development that will be nearby our community."

Commission chairperson Brett Huber said the commission will prepare a final report that could include enforcement measures. No timeline for the report's release was given, and Huber declined to answer questions until it is made public.

Continue Reading...

Popular

Honda Canada postpones multibillion EV investment project in Ontario

TORONTO (AP) — Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada's most populous province, including a proposed EV battery plant and retooled vehicle assembly facility.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Wall Street Bets On Bulls, Not Tariffs, As Rare 'Breadth Thrust' Lifts Stocks

A rare breadth thrust hints at a bullish market ahead, even as tariff worries cloud the economic outlook.

Critical Warning: Radical Shift Set to Hit the Market - Soon? - Ad

This is an urgent warning for American investors. A radical shift could hit the stock market in days. A strange investment secret - discovered before the Great Depression - has predicted every major crash since. Now it's flashing again.

Intel Stock Rallies On Layoff Buzz As Wall Street Braces For Threadbare Q1 Earnings

Intel reports Q1 earnings, mixed signals on stock chart, cautious outlook in short-term, potential upside with cost-cutting measuresIntel will report Q1 earnings with expected EPS of $0.01 and revenue of $12.30 billion. Stock down 39% in past year, but up 4% YTD.

What Caused Sam Altman-Founded World Network Token To Soar 57% in a Week?

World Network (WLD) outperformed some of the market’s most valued cryptocurrencies after soaring more than 50% over the week.  What happened: WLD, the native currency of the decentralized identity verification project, jumped 57.48% in the last seven days, becoming the sixth-largest market gain in the period. 

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

CDC Logs Highest Tuberculosis Caseload In A Decade — Advocates Warn WHO Pull-Out Leaves America Flying Blind

Global health experts warn that US retreat from TB prevention programs could lead to a resurgence of the deadliest infectious disease, as seen with a recent case in suburban Illinois.

Madison Square Garden Delivers Revenue Beat, Sees Solid Year Ahead As Income Rises

Madison Square Garden Entertainment reported its fiscal third-quarter 2025 results Tuesday. The stock gained after the report.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Take Investment Advice From Shaq — His Fortune Grew Thanks To Charles Barkley and Donuts

Former NBA player Shaquille O'Neal has seen a significant increase in his wealth, quadrupling his net worth through an investment strategy inspired by Amazon's CEO, Jeff Bezos.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Trump Boots Mike Waltz As National Security Adviser, Taps Marco Rubio As Interim Replacement

Trump ousts national security adviser Mike Waltz amid internal tensions and a messaging scandal, naming him UN ambassador and replacing him temporarily with Secretary of State Marco Rubio.

US And Ukraine Sign Mineral Resource Deal

U.S. and Ukraine sign deal for U.S. access to mineral resources, after tense negotiations between Trump and Zelensky. China remains key bottleneck.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Asian shares inch higher as uncertainty over US tariffs persists

HONG KONG (AP) — Asian markets inched higher in cautious trading on Monday as investors watched to see what may come of negotiations over U.S. President Donald Trump’s tariffs.

Palantir Shares Climb After Northrop Grumman Collab Teased on X

Palantir shares are trading higher after the company announced a collaboration with Northrop Grumman for AI-powered combat vehicles.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

KLA Stock Slips Despite Better-Than-Expected Q3 Results

KLA released its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter:

Nvidia Just Committed $500B to AI Infrastructure - Here's the Quiet Ripple Effect - Ad

The AI race isn't just about apps anymore - it's about infrastructure. NVIDIA's $500 billion announcement is a wake-up call: the real opportunity may lie in powering the future, not just coding it. One public company is already stepping in and has support from NVIDIA's inner circle.

Michael Saylor Hints More BTC Purchases On The Way As MSTR Surges 47% In A Month: 'Too Much Blue, Not Enough Orange'

Michael Saylor, co-founder and executive chairman of Strategy Inc. (NASDAQ:MSTR), hinted on Sunday that the firm's Bitcoin (CRYPTO: BTC) buying streak would continue in the new week.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Google partners with Elementl Power on nuclear energy sites as power demand for AI grows

WASHINGTON (AP) — Google is partnering with Elementl Power on three project sites for advanced nuclear energy as the energy required to power burgeoning artificial intelligence projects rises sharply.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Trump says it's Biden's economy, but businesses and economists beg to differ

WASHINGTON (AP) — When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Wiz Khalifa Talks Smoking With Snoop, Dreaming Of Bob Marley, Riding Horses With Lenny Kravitz And Selling Weed In Germany

Editor’s note: This article was originally published in August 2024. It has been updated in April 2025 for clarity and to reflect changes in the German cannabis market.

Google Aims For Gemini AI Deal With Apple This Year, Says Sundar Pichai Amid DOJ's Bid To Curb Search Monopoly

Google's CEO Sundar Pichai revealed ongoing talks with Apple to integrate its Gemini AI into iPhones by mid-2025, amid the DOJ's antitrust efforts to curb Google's search dominance.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

On air, '60 Minutes' reporter says 'none of us is happy' about changes that led top producer to quit

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show's executive producer , saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

China says it's evaluating US overtures for trade talks, but tariffs remain an obstacle

BEIJING (AP) — China’s Commerce Ministry said Friday that Beijing is evaluating multiple approaches by the Trump administration for trade talks.

What Nvidia's $500B Move Could Mean for the Next Tier of Builders - Ad

With big tech locking in supply, smaller players are left waiting. But one public company is building an edge: partnering inside NVIDIA's ecosystem and delivering real compute to real customers.

ETFs Last Week: Funds Lead The Charge As Markets Stage A Return To Risk-On

Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service