Energy

The Justice Department dismissed Alaska’s lawsuits that opposed its Arctic refuge oil‑leasing plan, ending a legal barrier to potential offshore drilling.

The Department of Justice has resolved lawsuits that contested the 2024 restrictions on oil leasing in the Arctic National Wildlife Refuge’s Coastal Plain, altering the permitting framework for potential future drilling.

Critical Metals Corp. has begun a strategic review that could sell, spin off or partner its non-core assets to speed up development of its Tanbreez rare‑earth project in Greenland.

Rosemary Ahtuangaruak warns that the Department of Interior’s proposed rule would turn the Western Arctic into an unrestricted industrial zone, sidestepping assessment of impacts on caribou, subsistence and water.

Canada’s prime minister is set to decide whether Germany’s TKMS or South Korea’s Hanwha Ocean will build the nation’s next twelve submarines, a choice that could cost more than $100 billion over three decades and bring an estimated $86–$94 billion in domestic investment, while also shaping NATO’s Arctic presence.

Conference committee unveiled a revised Alaska LNG tax‑break bill that lowers property taxes, adjusts construction deadlines, and introduces new provisions on future buybacks—yet key corporate‑income‑tax questions remain unresolved.

A draft compromise tax bill for Alaska's proposed AKLNG gas line was unveiled on July 2, with debate still ongoing over a controversial corporate‑income‑tax provision that Governor Mike Dunleavy has called a “poison pill.” A floor vote is slated for July 16.

Mountain Province Diamonds said it will delist its Toronto Stock Exchange shares on July 17, after reporting a $65.1 million net loss in Q1 2026 and outlining plans for restructuring or refinancing. The company owns 49% of the Gahcho Kue diamond mine northeast of Yellowknife, where financial woes have halted work at Ekati’s Point Lake deposit.

Stampede Drilling secured upfront capital from customer Greenland Energy to pay for Arctic upgrades on its rig in preparation for a drilling program east of the Arctic.

South Korea’s $400 million investment and its planned September trial container voyage aim to cut the Asia‑Europe shipping time by half via the Northern Sea Route, but actual traffic volumes remain modest amid sanctions and logistical constraints.

Preliminary LSEG data show the Arctic LNG 2 project supplied about 1.6 million tonnes of LNG, indicating a recent uptick in Russia’s Arctic export capacity.

Another ice‑breaking gas carrier has been completed by the last Western shipyard still building vessels for Russia’s Arctic LNG fleet, enhancing its ability to navigate ice independently and keep year‑round exports running.

Danish repair yard Fayard A/S accepted the Arc7 LNG carrier Rudolf Samoylovich for maintenance on June 30, ahead of EU sanctions that prohibit servicing Russian‑linked LNG vessels.

China’s growing role on the Northern Sea Route increases its importance as a conduit for Arctic energy exports, heightening geopolitical competition among China, the United States and NATO.

The Arc7 icebreaking LNG carrier Rudolf Samoylovich has docked at Denmark’s Fayard Odense yard for its last scheduled maintenance before the EU bans maritime services linked to Russian LNG exports, underscoring the yard's sole role in keeping Russia’s Arctic gas fleet operational.

The Goose gold mine is the first B2Gold project in its Back River district, employing both open‑pit and underground methods in a remote Arctic area.

Planet‑derived satellite imagery captured a liquefied natural gas tanker loading cargo onto Train 2 of Russia’s Arctic LNG 2 facility on June 26, 2026—showing active operations at the Gydan Peninsula plant.

Energy Transition Minerals has obtained the last regional approval from Galicia to reactivate its Penouta mine, which would supply Europe with locally sourced tantalum, niobium and tin—critical raw materials for semiconductors, aerospace alloys, defense systems and energy‑transition technologies.

Stampede Drilling Inc. has announced upfront capital funding that will be used to upgrade its rig for Arctic exploration as part of a five‑year term contract.

Rosatom has shipped its first RITM‑200S reactor to St. Petersburg for assembly into a floating plant that will power Chukotka’s Baimskaya mine, potentially raising copper output by 25 %.