Canada’s oilsands appeared to be skidding toward big trouble in the dying days of 2014. Shale producers in the United States had found ways to produce oil faster and cheaper, and the Organization of the Petroleum Exporting Countries was pushing down prices to try to drive everyone else out of business. 1,789 more words
Tags » Imperial Oil Ltd
In the heart of Canada’s biggest oil province, life is slowly returning to normal in Fort McMurray. After a fire last year destroyed entire neighbourhoods in the town and halted about one million barrels of daily production, green leaves are beginning to bud on charred trees and new construction is replacing homes that were burned to the ground. 834 more words
Two local events this week celebrate Winston Churchill, which prompted historian David Finch to take a look back at Churchill’s visit to Alberta in 1929. … 407 more words
Disappointing performance at the Kearl oil sand project and potential challenges in the Alberta diesel market prompted a downgrade of Imperial Oil Ltd.
CIBC World Markets analyst Arthur Grayfer cut his rating on the Canadian energy producer to neutral from outperform, and lowered his price target to $45 from $50. 240 more words
Imperial Oil Ltd., the Canadian subsidiary of Exxon Mobil Corp., isn’t joining the exodus of oil majors out of Canada.
But Canada’s longest-established oil company isn’t in a rush to expand either as it weighs whether to embark on a new phase of oilsands’ growth. 668 more words
CALGARY — Imperial Oil (TSX:IMO) is reporting first-quarter earnings that reversed a loss in the same period of last year but fell short of analyst expectations. 148 more words