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News from Canada's Northwest Territories curated by @Northern_Clips [Full story? Click on headline]
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N.W.T. Gwich'in welcome bids on oil and gas parcels - North - CBC News

N.W.T. Gwich'in welcome bids on oil and gas parcels - North - CBC News | NWT News | Scoop.it
The federal government has released a new batch of petroleum exploration licences for the Northwest Territories' Central Mackenzie Valley, and four out of seven are in Gwich'in territory.
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Northern_Clips's insight:

"..."We're stuck between the Beaufort and the Sahtu in basically the oil and gas that we have, if it's there, is too far to get to," he said.

Now the federal government is opening up four parcels in what Alexie describes as the remote upper Arctic Red River area close to the Mackenzie Mountains...."

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Imperial Oil lays out preliminary plans to drill in the NWT's Beaufort Sea - Business - Times Colonist

Imperial Oil lays out preliminary plans to drill in the NWT's Beaufort Sea - Business - Times Colonist | NWT News | Scoop.it
Imperial Oil lays out preliminary plans to drill in the Beaufort Sea
Northern_Clips's insight:

[excerpt] Imperial presented a preliminary information package to the Inuvialuit Game Council last week. The Inuvialuit have treaty rights involving both the Mackenzie Delta and the offshore.

The plans involve one or more exploration wells in two leases about 125 kilometres northwest of Tuktoyaktuk, N.W.T., in waters that range from 60 to 1,500 metres.

The document indicates that Imperial would continue to propose the use of a blow-out preventer, which would function like a cap to prevent oil spills in the case of an accident.

But in its review of Arctic offshore drilling regulations released in December 2011, the National Energy Board clearly indicated its preference for same-season relief wells, which would involve the immediate drilling of a second well in the case of a blowout to redirect the leaking oil.

Canada's energy regulator will continue to require that oil and gas companies wanting to operate in sensitive Arctic waters be able to drill immediate relief wells to help contain blowouts.

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Northwest Territories targets China to invest in ‘stranded’ oil and natural gas

Northwest Territories targets China to invest in ‘stranded’ oil and natural gas | NWT News | Scoop.it
Northwest Territories Premier Bob McLeod is determined to see the region’s billions of barrels of oil and trillions of cubic feet of natural gas developed
Northern_Clips's insight:
"...With a newly minted agreement in hand that sets the stage for transferring oversight of mineral resources and oil and gas from the federal government to the territory, including rights to collect resource royalties for the first time, Mr. McLeod has begun quietly courting investment from China’s state-backed oil giants...."
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