Imperial Oil Ltd. is considering moving ahead with expansions to its massive oilsands operations at Cold Lake, Alta., which received regulatory approval five years ago. For full story, click here
Imperial Oil Ltd. has dusted off a $1-billion, 30,000-barrel-per-day oilsands project approved by the province five years ago and is looking at resubmitting a heavily amended application. For full story, click here
Imperial Oil Ltd., Canada’s leading oil producer, declared second-quarter profit plunged 82 percent on lower oil and natural-gas prices. For full story, click here
Net income slipped by 82 per cent in the second quarter, Calgary-based Imperial Oil, thanks to lower oil and gas prices, maintenance activities in oilsands, heavy oil and refining segments and fewer asset sales. For full story, click here
McDermott International, Inc. declared that a subsidiary of The Babcock & Wilcox Company, has been awarded a contract to supply four modularized boilers for Phase 1 of the Kearl Oil Sands Project being developed by Imperial Oil in the Athabasca Oil Sands Region, located 70 kilometers north of Fort McMurray, Alberta. For full story, click [...]
Imperial Oil Ltd. has approved the first phase of its Kearl oil-sands project, carrying the same hefty price tag of $8-billion from last year despite delaying some eight months to trim costs from the expensive undertaking. For full story, click here
Inter Pipeline Fund declared that it has agreed to ship ultra-light oil to Imperial Oil Ltd’s newly approved Kearl oil sands project, spending $121 million to connect the facility to its existing pipeline network. For full story, click here
Canada’s stagnant oilsands sector could get the biggest boost it’s received in some time if Imperial Oil Ltd. declared next week that it will proceed with its 100,000-barrel-per-day Kearl oilsands project. For full story, click here
Estimated Net Present Value (NPV) of $48 a share is 50% higher than stock price for low-debt, hold-rated Imperial Oil. For more information, click here
Imperial Oil Ltd has restarted a heavy-oil processing unit at its Sarnia, Ontario, refinery that was closed due to a fire last week. For full story, click here
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