Canada, despite tough operating conditions, expects future projects to target its northern arctic waters, the head of the National Energy Board said. NEB Chairman Gaetan Caron told delegates at an arctic energy conference in Calgary of the risks and prospects of operating in the frigid northern climate. Caron said more than 100 wells were drilled in the Canadian waters of the Beaufort Sea since 1973, though only one was completed in the last 20 years. “However, seismic exploration has continued and there is potential for further drilling activity,” he said in his Tuesday remarks. U.S. drilling operations in arctic waters are generally on hold. Shell Chief Executive Officer Ben van Beurden said in January a series of mishaps in its drilling campaign off the Alaskan coast meant his company lacked a “clear path forward” in the arctic. For Canada, a joint venture between BP and Exxon Mobil has expressed […]