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News from Canada's Northwest Territories curated by @Northern_Clips [Full story? Click on headline]
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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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New Conference Board of Canada Report Addresses Affordable Housing

New Conference Board of Canada Report Addresses Affordable Housing | NWT News | Scoop.it
 Yellowknife, N.W.T. -Finding affordable housing in the North can be chore and a new report from the Conference Board of Canada has recognized that.
Northern_Clips's insight:

"You have the capitals in the Territories where the market is red hot and it is very difficult to get appropriate housing if you don't have a lot of money upfront. Then you have communities with very little critical mass, where you do not see a private housing market developing, simply because people do not have the capacity or the ability to buy into the housing market."

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