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.
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 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.
Farley Mowat, one of Canada’s most widely read authors and an advocate for environmental causes, has died. He was 92.
Tesla Motors Inc., the electric vehicle maker co-founded by Elon Musk, plans to use only raw materials sourced in North America for its proposed $5 billion U.S. battery factory.
Following is the text of the June building permits report from Statistics Canada.