Arctic

The Biden administration has given the go-ahead to ConocoPhillips’ massive Willow project planned for Alaska’s North Slope. The Bureau of Land Management (BLM) issued its Record of Decision (ROD) on Monday. The ROD said the approval included three drill sites (BT1, BT2 and BT3) and associated infrastructure. The approval includes up to 199 total wells,…

Equinor ASA said it would invest $1.3 billion along with its partners in the Hammerfest LNG terminal to extend the life of the Norwegian plant and cut emissions significantly. The company has submitted its development plan to Norway’s Ministry of Petroleum and Energy to add onshore compression and electrify the terminal. It’s aiming to have…

Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…

A 33-month northern hunt has found a U.S.-owned partner for reviving the last remains of formerly grand designs for natural gas development in the Canadian Arctic. Inuvialuit Regional Corp. (IRC), a Mackenzie Delta tribal enterprise, has recruited the Alberta arm of Texas-based private equity firm The Energy & Minerals Group (EMG) for a regional liquefied…

Insurance giant The Hartford this month instituted a policy to no longer insure or invest in companies that generate more than one-quarter of their revenues or energy production from oilsands or coal.

The U.S. House of Representatives has approved a trio of measures that would block Trump administration efforts to expand areas of oil and natural gas drilling off shores of the United States.

Russia’s largest independent natural gas producer Novatek said subsidiary Arctic LNG-1 plans to conduct a geological survey, which if it leads to exploration could create more supply to expand liquefied natural gas (LNG) exports.

Russia’s largest independent gas producer Novatek said Wednesday its final partner in the massive Arctic LNG 2 project will likely be an Asia-Pacific customer, with a deal possibly completed in days.

A federal district court judge in Alaska last Friday ruled an executive order (EO) issued by President Trump in 2017 opening areas of the Arctic and Atlantic oceans to oil and gas leasing was “unlawful and invalid,” and ordered the areas closed to leasing.