Arctic

Canada Dreams of Arctic LNG Gain U.S. Private Equity for Project Near Beaufort Sea

Canada Dreams of Arctic LNG Gain U.S. Private Equity for Project Near Beaufort Sea

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…

June 26, 2020

Insurance, Financial Support Dwindling for Oilsands, Coal and Arctic Drilling

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.

December 24, 2019
House Passes Bills to Block Trump Offshore Drilling Plans, Senate Unlikely to Agree

House Passes Bills to Block Trump Offshore Drilling Plans, Senate Unlikely to Agree

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.

September 12, 2019

Russia’s Arctic LNG-1 to Survey Kara Sea Field

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.

September 4, 2019

Judge Rejects Trump Executive Order on Arctic, Atlantic Offshore Leasing

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.

April 1, 2019

BLM Releases Draft EIS for Potential ANWR Oil, Gas Leasing Program

One year to the day after Congress passed a comprehensive tax reform bill that included a controversial provision to open a portion of the Arctic National Wildlife Refuge (ANWR) to oil and gas leasing, the Interior Department’s Bureau of Land Management (BLM) released a draft environmental impact statement (DEIS) for a leasing program.

December 21, 2018

Futures Called Nearly a Dime Higher on Potential February Return of Arctic Temps

February natural gas was set to open Tuesday about 9 cents higher at around $3.314 as one of the major weather models continued to show another round of Arctic cold arriving early next month.

January 23, 2018

February NatGas Called Higher; Forecasts Trending Colder Next Week

February natural gas was set to open Wednesday about 3 cents higher at $2.959, helped by bullish adjustments to the outlook for Arctic cold expected move in next week.

January 10, 2018

February NatGas Called Higher as Bulls Gain the Momentum on Weather

February natural gas was set to open about 3.4 cents higher at around $2.948 Friday, building on recent momentum as the market has been able to rally on sustained below normal temperatures heading into the new year.

December 29, 2017

Eni Wins BSEE Approval, Could Begin Beaufort Sea Drilling in December

Starting next month, a subsidiary of Italy’s Eni SpA could begin drilling up to four exploratory wells from an artificial island in the Beaufort Sea, after the Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) approved the company’s application to drill.

November 29, 2017
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