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Vol. 20, No. 10 Week of March 08, 2015
Providing coverage of Alaska and northern Canada's oil and gas industry


Ormat terminates Mount Spurr venture

Writes off exploration costs after failing to find viable geothermal source on the flanks of the Southcentral Alaska volcano

Alan Bailey

Petroleum News

Ormat Technologies has given up its attempt to find a viable geothermal energy resource on the flanks of the Mount Spurr volcano in Southcentral Alaska. During a fourth quarter earnings call on Feb. 25 Doron Blachar, the company’s chief financial officer, said that the company had written off $7.3 m....

    [additional news subjects in this story]

2008 lease sale

Geothermal drilling

New drilling sites?


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