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Imperial building new oilsands research centre in Calgary

Imperial Oil Ltd.’s Calgary Research Centre is following its Calgary headquarters and moving down south to a new building in Quarry Park.

The company ( 509 more words

Energy

Remington project brings child care options to Quarry Park

Finding the right daycare can be a frustrating problem for young parents across the city and a big concern for new, young hires.

Those living in and around the southeast community of Quarry Park will be excited to learn Remington Development is building Quarry Park Child Development Centre, a purpose-built facility to be operated by YMCA Calgary. 632 more words

Local Business

Imperial Oil Ltd pushes forward with multibillion-dollar oilsands projects despite 36% profit plunge

CALGARY — Exxon Mobil Corp., which has a large Canadian presence through majority-owned Imperial Oil Ltd., is on the lookout for acquisitions and is moving forward with Canadian expansions even as low oil prices weakened its earnings. 509 more words

Energy

United Way celebrates record-breaking campaign and worries about impact of oil slump

With a spectacular view of the city and mountains to the west, the United Way of Calgary took to the top of the Bow Tower on Tuesday to announce a record-breaking $59.7 million raised in 2014, its 75th anniversary year. 503 more words

Local News

How high break-even costs are challenging new oilsands projects

Major Canadian oilsands companies can run their existing operations profitably in a sub-$50 oil-price environment, but it’s the cost of big, hulking new projects on their balance sheets that are weighing down the companies and their shares. 899 more words

Energy

Imperial starting steaming at 40,000-bpd oilsands project

Imperial Oil Ltd. will start steaming its $2-billion Nabiye Cold Lake oilsands project within days and hopes to be putting its daily production of 40,000 barrels of bitumen into the market by year-end, despite world oil prices that have plunged below $50 US per barrel. 552 more words

Energy