Major energy companies led by Imperial Oil Ltd. have applied to drill for crude in the Beaufort Sea, targeting an area that could require operations in the deepest water yet for the industry in the Canadian Arctic.
YELLOWKNIFE, N.W.T. – My first trip to the Arctic was in 1984 to Inuvik, Tuktoyaktuk and a drilling rig 50 kilometres offshore in shallow water in the Beaufort Sea.
The Diavik Diamond Mine is using a wind farm, which was installed about a year ago, to power the site, which reduces the environmental impact of making diamonds.
Last year, the mine spent $31 million installing four wind turbines to harvest electricity at the site. The 100-metre structures were the first wind turbines anywhere in the Northwest Territories. The company is already seeing the benefits.
The company that owns the North's largest diamond mine says a new mining deposit there could potentially extend the life of the Ekati mine by more than a decade.
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Mining companies are set to meet with government this week in Yellowknife. Top of the agenda are concerns about regulatory delays and the expense of working in the North.
"If a well cost $5 million to drill in Alberta, currently that well could cost $30- to $50-million in the N.W.T." says Henry Sykes, president of MGM Energy Corp.
The Northwest Territories Power Corporation has officially unveiled its new Bluefish hydro dam.
The corporation bought Bluefish for $10 million a decade ago.
Leaders and politicians say the $37-million dam will pay for itself many times over its lifespan.
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An energy company is considering connecting two NWT hydroelectric systems through a transmission line west of Great Slave Lake.
NT Energy, a sister company of Northwest Territories Power Corporation, is issuing a request for proposals (RFP) to examine the concept, which could involve about a 1,000-kilometre transmission line and cost more than $400 million.
The Northwest Territories Power Corporation is starting to look at a massive project to connect hydro systems in the territory.
The project’s costs would dwarf those of the Dehcho Bridge construction, which ballooned to over $200 million.
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Northern Mining Congratulates Canada on Regulatory Improvements (June 20, 2013) The NWT & Nunavut Chamber of Mines congratulates Canadaon the approval of Bill C-47 – the Northern Jobs and Growth Act, which received Royal Assent late yesterday. Its two key components, the Nunavut Planning and Project Assessment Act (NUPPAA) and the Northwest Territories Surface Rights Board Act are welcome de