Friday, April 24th10.8°C
26071
25546

NEB says it will weigh Imperial, Chevron's Arctic spill response plans

CALGARY - The National Energy Board has agreed to give two big energy companies more clarity over whether their plans to deal with a potential well blowout in the Beaufort Sea are adequate.

Imperial Oil Ltd. (TSX:IMO) and Chevron Canada Ltd. had asked the board for more certainty before committing huge amounts of money to explore in Arctic waters.

The NEB requires companies to show they can kill a ruptured oil well in the Arctic offshore with a relief well in the same season it's drilled — a difficult and costly proposition in that harsh environment.

The companies say there are other means to stop an underwater blowout that are more feasible and they asked the board to weigh in on whether those contingency plans are as effective as a same-season relief well.

The NEB says it will look at Imperial and Chevron's alternatives before the companies are required to file a full regulatory application.

The energy watchdog reviewed its Arctic drilling rules following the massive BP Deepwater Horizon blowout in the Gulf of Mexico in 2010.

The Canadian Press


Read more Business News

26085


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.62-1.86
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1176.80-17.60
Oil55.50-0.88
Lumber256.60+3.90
Natural Gas2.533+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 





FEATURED Property
22057437945 Alpine Road
5 bedrooms 3 baths
$275,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



26091

25289


Member of BC Press Council


24843