Canada’s Northwest Territories is appealing to Asian investors to boost oil and natural gas drilling after reaching an agreement with the federal government over control of resources, the region’s leader said.
Alberta’s landlocked oil producers facing pipeline bottlenecks to the south, west and east are welcome to ship their product north, according to Northwest Territories leader Bob McLeod.
Enbridge Inc. has restarted its Norman Wells pipeline that connects oilfields in the Northwest Territories with the North American pipeline grid.
The following is a selection of the most important news affecting the oil market.
Canada approved the development of the Gahcho Kue diamond mine in Northwest Territories, a joint venture between De Beers and Mountain Province Diamonds Inc.
Dominion Diamond Corp., which sold the Harry Winston jewelry brand last year to Swatch Group AG, is considering an online sales platform for polished stones that originated from its Canadian mines.
The following is the text of Canada's employment insurance report for Dec. released by Statistics Canada.
Harry Winston Diamond Mines Ltd. agreed to buy BHP Billiton Ltd.’s Ekati mine in Canada and its marketing operations for the precious stones for $500 million.