Outstanding performance at its $9-billion Kearl oilsands mine expansion allowed Imperial Oil Ltd. to blow through analyst expectations in the second quarter while low oil prices gutted its headline net profit. 617 more words
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Production from Northern Alberta’s oilsands industry will continue to grow strongly through 2020 but at a slower rate than forecast a year ago because of low commodity prices, according to a report by RBC Dominion Securities. 474 more words
The second phase of Imperial Oil Ltd.’s Kearl oilsands mine has started production earlier than expected, continuing a heavy oil expansion boom in Western Canada that defies low commodity prices and constrained pipeline access. 747 more words
CALGARY — Imperial Oil says the massive Kearl oilsands expansion is up and running.
The $9-billion mine northeast of Fort McMurray, Alta., is expected to eventually produce 110,000 barrels of crude a day, doubling Kearl’s target capacity. 113 more words
In the end, it was no contest in the great carbon-bubble-versus-bitumen debate.
Nary a hand was raised high enough to count Friday afternoon when a Calgary Petroleum Club crowd was asked to rate the debating skills of Torontonian and ex-CIBC chief economist Jeff Rubin, who argues in his latest book that declining demand for fossil fuels in an anti-carbon world makes investing in the oilsands a foolish use of money. 523 more words
The Alberta government’s plans to review royalty payments from energy producers is also an opportunity to consider other aspects of regulation and policy, Imperial Oil Ltd. 75 more words
CALGARY – Production at Imperial Oil Ltd.’s $2-billion oilsands expansion project near Cold Lake, Alta. has ramped up by 66 per cent over the past month, Imperial’s parent company announced Monday. 163 more words