Arctic

A new report on the merits of developing Alaska’s Arctic Outer Continental Shelf (OCS) states the move would create “significant economic effects,” and would generate thousands of jobs and billions in payroll and tax revenue.

A juggernaut of arctic air starting to exit the Northeast will leave temperatures close to normal Tuesday in the region, which was hit hardest pricewise by the latest winter storm. Temperatures were expected to stay largely static or grow slightly warmer in other market areas.

Forecasts of a plunge of arctic cold from Canada into the U.S. Midwest and Northeast failed to prevent a decline of spot prices at most points Tuesday.

Sen. Lisa Murkowski (R-AK) last Tuesday cautioned the federal government against retracting its promise not to designate the coastal plain of the Arctic National Wildlife Refuge (ANWR) as wilderness.

Sen. Lisa Murkowski (R-AK) Tuesday cautioned the federal government against retracting its promise not to designate the coastal plain of the Arctic National Wildlife Refuge (ANWR) as wilderness.

Faced with a significant national warm-up following three weeks of arctic chill, natural gas futures traders put pressure on prices to the downside Tuesday as forecasts on the duration of the warm-up seemed to fluctuate a bit.

Teekay Corp. and Merrill Lynch Commodities Inc. have agreed to develop a project to convert the SS Arctic Spirit into a floating liquefied natural gas (LNG) plant to be moored alongside a pier near Kitimat, British Columbia, Teekay said Thursday. The facility would be a stone’s throw from a proposed land-based liquefaction terminal.

Teekay Corp. and Merrill Lynch Commodities Inc. have agreed to develop a project to convert the SS Arctic Spirit into a floating liquefied natural gas (LNG) plant to be moored alongside a pier near Kitimat, British Columbia, Teekay said Thursday. The facility would be a stone’s throw from a proposed land-based liquefaction terminal.

Legislation proposed by Rep. Mike Ross (D-AR) would promote American energy independence by opening both the Outer Continental Shelf (OCS) and the Arctic National Wildlife Refuge (ANWR) to oil and natural gas production and would create tax credits for the development of nuclear plants.