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…
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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.

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.
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.
Novatek’s Arctic LNG 2 Eyeing Asia Pacific for Final Customer
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.
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.
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.
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.
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.
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.