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 [...]
Output from Alberta’s oil sands region, the leading crude reserves outside the Middle East, will surge to 3 million barrels per day by 2018. For full story, click here
U.K. Chancellor of the Exchequer Alistair Darling declared that he will introduce tax incentives to encourage the development of smaller oil and gas fields in the North Sea with the aim of squeezing an extra 2 billion barrels equivalent out of the rapidly declining region. For full story, click here
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