Business
Shawcor Ltd. confirms selection of a site in Hay River to serve the oil and gas industry in the Northwest Territories
Shawcor Ltd. confirms selection of a site in Hay River to serve the oil and gas industry in the Northwest Territories.
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n\n(TSX: SCL.SV.A, SCL.MV.B)\n\nTORONTO, Aug. 30 /CNW/ - ShawCor Ltd. (TSX: SCL.SV.A, SCL.MV.B) today\nannounced that it has confirmed the selection of a site in Hay River to\nprovide services to the oil and gas industry in the Northwest Territories.\nThese services will be provided in partnership with Northern Transportation\nCompany Limited and Naegha Zhia Inc. and will be conducted from NTCL's harbour\nlocation.\nThe NTCL property is zoned for industrial use with direct rail access and\nbarge loading facilities, making it the preferred location for heavy\nindustrial work in Hay River. It is an excellent property for storage and\nmaterial handling as well as a good potential training site and is the ideal\nlocation for ShawCor to provide products and services to the growing, northern\noil and gas industry. No other site in the Hay River area could be used for\nthese purposes without incurring additional handling and transportation costs\nand posing a potential disturbance to the community.\nNaegha Zhia Inc. the corporate operating arm of the Katlodeeche First\nNation, is also willing to supply additional land for the provision of these\nservices if required.\n\nShawCor Ltd. is a Canadian energy services company specializing in\nproducts and services for the pipeline, exploration and production, and\npetrochemical and industrial segments of the oil and gas industry. The company\noperates through seven divisions with manufacturing and service facilities\nlocated around the world.\n\nFor 70 years NTCL's reputation has distinguished it as a leader in the\nmaritime industry by delivering northern solutions and opportunities in\nchallenging environments. NTCL has its head office in Hay River, Northwest\nTerritories and is Canada's only pan-Arctic marine operator, providing cost-\neffective, reliable and comprehensive marine transportation and related\nservices throughout northern Canada and the Arctic. Its related services\ninclude mobile and mechanical repair services and metal fabrication as well as\nelectronic sales and service.\nNaegha Zhia Inc. is a 100% First Nations company owned by the Hay River\nDene Band. Its focus is real estate and oil and gas development.\n\nThis document contains forward looking statements, which are subject to\ncertain risks and uncertainties that could cause actual results to differ\nmateriall...