Who Owns the Arctic?

Koreans Eye Mackenzie Valley Gas

Short on fuels, their LNG tankers are ready to fetch BC gas. Will they spark a latent NWT gas boom, too?

Liquified natural gas carrier: Korea planning icebreaking tankers.

Michael Byers, The Tyee, June 27, 2011

Among the denim-clad crowd at the Inuvik Petroleum Show, two well-dressed Koreans stand out like sore thumbs. Curious, I sit down with them at lunch.

"We're from Kogas," they say. "The Korea Gas Corporation." Why have they come here, to the Northwest Territories?

'Northern Vision' still alive - and still problematic

Peter Foster, Financial Post, October 20, 2007

Imagine finding 240 million barrels of oil and being disappointed! But that, as Claudia Cattaneo noted in Financial Post last week, is what happened to Devon Energy when it drilled a $60-million well in the Beaufort Sea. The disappointment was partly related to the fact that the company was looking for natural gas, but was more significantly due to the location, which made the find technically, economically and environmentally problematic.

Still, Devon's discovery, along with other Beaufort exploration commitments -- particularly the $585-million promised in the summer by Imperial Oil and its parent, Exxon Mobil -- remind us that John Diefenbaker's "Northern Vision" is still alive. And still problematic. ...

For the full text, see: Northern Vision

TransCanada CEO pessimistic about Mackenzie line

Reuters, February 11, 2009

HOUSTON - Regulatory delays have worsened the odds that the C$16.2 billion ($13 billion) Mackenzie gas pipeline in Canada's far north will ever be built despite a promise of help from Ottawa, TransCanada Corp's (TRP.TO) chief executive said on Wednesday.

Another year's wait for Mackenzie Valley pipeline report

CBC News, December 5, 2008

The panel working on a much-anticipated report on the proposed Mackenzie Valley natural gas pipeline says it will release the report in December 2009, stretching out a wait that has already lasted more than a year.

BP bids big for Canadian Arctic drilling rights

By Scott Haggett

CALGARY, Alberta, June 9, 2008 (Reuters) - BP Plc (BP.L) said on Monday it has no immediate plans to drill properties in Canada's Beaufort Sea that it was awarded last week after bidding C$1.2 billion ($1.17 billion) for three offshore parcels in the petroleum-rich Arctic region.

BP Hires CGGVeritas to Explore Beaufort Sea Deposits in Canada

By Eduard Gismatullin

Jan. 23, 2009 (Bloomberg) -- BP Plc, Europe’s second-largest oil company, hired CGGVeritas to explore its acreage in the Beaufort Sea off Canada’s northern coast.

TO SHARE 'RISKS AND RETURNS' (Mackenzie Valley Pipeline)

Could remove key stumbling block to long-stalled natural-gas project

Claudia Cattaneo & Carrie Tait, Financial Post, January 20, 2009

The federal government has made a financial offer to support the Mackenzie Valley Pipeline, potentially removing one of the key stumbling blocks to the long-stalled Arctic natural-gas project. ...

For the full text, see: http://www.financialpost.com/story.html?id=1196275