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Stock impact report

Imperial application to extend Norman Wells oil permit suspended by Canada regulator [Yahoo! Finance Canada]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
By Nia Williams (Reuters) - Imperial Oil's application to extend the life of its remote Norman Wells oil and gas facility in Canada's Northwest Territories has been put on hold pending an environmental assessment report, the Canada Energy Regulator said on Tuesday. The Norman Wells site produces around 6,500 barrels of oil equivalent per day (boepd) and is spread across nine natural and artificial islands in the Mackenzie River - Canada's longest river - and the town of Norman Wells on the riverbank. Imperial, majority-owned by Exxon Mobil Corp, applied last year to extend its Norman Wells operating permit, which is due to expire on Dec. 31 2024, by another 10 years. However, the regional Indigenous government, the Sahtu Secretariat Incorporated (SSI), decided in September that the application required an environmental assessment, because Imperial also proposed replacing pipelines between its wells and processing facility. The environmental assessment will be conducted by t Show less Read more
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