Energy

Deninu Kue First Nation has withdrawn its support for the Taltson hydroelectric expansion, citing a long history of exclusion and the risk that added power would benefit future Arctic mines rather than the Fort Resolution community. The First Nation demands concrete procurement and inclusion guarantees before it will consider future participation.

Trilogy Metals secured US backing and the Ambler Road permit, boosting its Arctic Project, which boasts a high‑grade polymetallic deposit with a 2023 feasibility study valuing the venture at $1.11 billion after‑tax NPV and a 22.8% IRR.

Norway’s energy minister Terje Aasland announced the country will keep drilling for oil and gas in the Barents Sea, rejecting the EU’s Arctic moratorium, while affirming continued sales of oil, gas and electricity to Europe. The move signals Norway’s sovereign choice to balance energy supply, trade and climate policy.

India’s reliance on Russian crude has weakened as security threats in the Black Sea push exporters toward the Northern Sea Route, cutting shipments to India and boosting China’s imports. The shift, driven by higher freight costs and drone attacks, forces India to broaden its crude base amid tightening global supply.

The Trump administration has fast‑tracked the environmental review for a proposed 800‑mile oil pipeline that would cross the Arctic National Wildlife Refuge, a move highlighted by BLM Alaska director Kevin Pendergast.

TotalEnergies will exit its stake in Arctic LNG 2, while EU and UK regulators push to tighten scrutiny of European firms still linked to Russia.

Arctic LNG 2 shipments to China have risen, boosting Russian LNG presence in the Chinese market and highlighting growing demand for Arctic energy exports.

A Russian nuclear barge in Pevek has delivered more than 1 billion kilowatt‑hours of power—about 60% of a Montana-sized area—underscoring the country’s shift toward mobile, low‑carbon energy for its Arctic grid.

The piece presents an artistic perspective on the escalating competition to access Greenland's rich mineral resources, highlighting how the region’s strategic importance drives geopolitical and military interest.

TotalEnergies has moved its stake in the Arctic LNG 2 project to Russian firm Novatek, but European companies continue to operate ships for Yamal LNG, keeping ties with Russia’s Arctic LNG trade.

Public Utilities Board temporarily approved a $6 per gigajoule increase for Inuvik Gas—below the company’s requested $10—while it reviews complaints about the firm’s planned 28%/44% rate hike. A full review of costs and storage plans will decide final rates by October.

During an Alaska Oil & Gas Association forum in Anchorage, Sen. Dan Sullivan and former Rep. Mary Peltola debated drilling policy in the Arctic National Wildlife Refuge and National Petroleum Reserve‑Alaska, each promising streamlined permitting if elected.

The Trump administration’s Interior Department is set to publish a categorical exclusion that would allow winter seismic surveys and exploratory drilling in the National Petroleum Reserve‑Alaska without environmental review, effectively eliminating existing protections for polar bears, caribou and local communities.

The top four gubernatorial hopefuls debated oil‑and‑gas tax reforms and a proposed North Slope gas pipeline at an AOGA conference in Anchorage, with Democrats calling for new taxes that could bring $400 million annually and Republicans opposing tax changes while accusing lawmakers of blocking the pipeline.

President Trump is weighing an environmental exemption that could allow oil drilling in the Arctic, potentially loosening regulatory restrictions on new exploration projects in the region.

A May‑announced rulemaking introduces a categorical exclusion to streamline oil and gas permitting in the Arctic.

Aker BP has begun production at its three satellite fields tied to the Skarv vessel, tapping about 120 million barrels of recoverable oil equivalent and expected to supply a major share of output through 2040. The project was finished a year early using an alliance model that sourced roughly 60 % of work from Norwegian suppliers.

A fresh consignment of uranium fuel was transported via Russia’s Northern Sea Route, showing the Arctic waterway’s growing use for shipping vital nuclear material.