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TotalEnergies completes exit from Arctic LNG 2, transfers 10% stake

Oil & Gas | intent | August 28, 2026 | Comment off

TotalEnergies has completed the transfer of its 10% interest in the Arctic LNG 2 project to NordLine, a subsidiary of Novatek, formally ending its ownership in the project. The company had previously disclosed the planned transfer while reporting its second-quarter 2026 results. Following completion of the transaction, TotalEnergies is no longer a shareholder in Arctic LNG 2. Under the […]

IEA chief urges EU to revisit Arctic oil and gas drilling ban

Oil & Gas | intent | July 13, 2026 | Comment off

International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic, challenging the bloc’s long-held opposition to new fossil fuel development there. “I support the Commission to give a very close look at this issue because it is extremely important for the European energy […]