Imperial Oil/Exxon/BP Gr defer drilling in Canada's Arctic
Imperial Oil Ltd said on Friday it and partners Exxon Mobil Corp and BP Plc need more time before they can drill an exploratory well in Canadian Arctic waters and are seeking an extension to their exploration license in the region. Pius Rolheiser, a spokesman for Imperial, said the license for the group's exploration parcel in the Beaufort Sea, a section of the Arctic Ocean, expires in 2020. He said the group is asking the Canadian government for a seven-year extension so it can complete the requirements of the regulatory process and have adequate time to make a decision on how, or when, it will drill a well in the region. "There's a significant amount of work between where we are today and where we would need to be if we were to drill a well by 2020," Rolheiser said.
Specialty Workboat Missions Propelled by Innovative Engines
Volvo Penta allows operators to save on fuel, cut emissions and most importantly – get the job done, in a wide array of conditions and mission sets. Volvo Penta of the Americas is delivering fuel efficiency, reducing emissions and raising performance as it powers U.S. and Canadian vessels with modern diesel engines, Jens Bering, product management head of the Virginia-based operation said last month. The company, a supplier of marine and industrial engines, is part of Volvo Group in Stockholm, Sweden.
