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5 firms win northern drilling rights
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Tue Jul 5, 2011 CBC News The federal government announced the winning bids on Monday for oil and gas exploration in Canada's north. The Northern Oil and Gas Directorate of Aboriginal Affairs and Northern Development granted five companies rights on the promise they will spend more than half a billion dollars on exploration over the next four years. Husky Energy was the most aggressive spender, winning the right to two parcels between Norman Wells and Tulita in the central Mackenzie Valley with a commitment of almost $380 million. Read More: http://bit.ly/jTMkdy |
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