Articles Tagged "imperial"

Imperial Oil declared Q2 Net Income Dip by 82%

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

B and W will supply boilers for Kearl Oilsands Project

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 [...]

$8 bln dollar oil-sands project has been approved

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