Friday, August 1st15.1°C
21450
20893

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




Recent Trending




Today's Market
S&P TSX15342.85+12.119
S&P CDNX1001.730.21
DJIA16551.35-11.95
Nasdaq4380.763+10.99
S&P 5001933.01+2.34
CDN Dollar0.91690.00
Gold1310.00+6.70
Oil97.76-0.41
Lumber326.90+2.50
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.17-0.04
Cantex0.085+0.02
Anavex Life Sciences0.26-0.002
Metalex Ventures0.08-0.005
Russel Metals35.00-0.23
Copper Mountain Mining2.72-0.03
Colorado Resources0.20-0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.03-0.005
Mission Ready Services0.150.00

 



21313

FEATURED Property
1973265#202 - 2470 Tuscany Drive
3 bedrooms 2 baths
$329,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Jobs, jobs, jobs galore

On March 6, 2010 a bridge in Turku, Finland bent 56 inches (143 centimeters) due to structural failures of both piers. No one was injured. The bridge had to be demolished 4 months later. Our infrast...


The rewards of listening

Eighty percent of our success in learning from other people is based on how well we listen. Other people’s experience can be enormously helpful. With it we can often overcome time restraints and...


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...

_








Member of BC Press Council