Imperial Oil

Recent Articles

Canada's Imperial Oil Posts Unexpected 2Q Loss
Friday, July 28, 2017 Imperial Oil reports an unexpected second-quarter loss due to planned and unplanned maintenance that curbed oil output.
Imperial Oil Profit Boosted By Asset-Sale Gain
Tuesday, January 31, 2017 Imperial Oil reported a sharp rise in fourth-quarter profit.
Bulk of Canada's Oil Sands Plants Seen Up in Days to Weeks
Wednesday, May 11, 2016 Canadian oil sands facilities representing more than 90 percent of production taken offline during a wildfire in northern Alberta have emerged unscathed and are expected to restart within days to a couple of weeks.
Canada's Ever-Shrinking Oil Industry Braces for More Job Cuts
Monday, April 04, 2016 After almost two years of sinking oil prices and at least 40,000 job cuts, Canada's petroleum industry still isn't finished tackling its bloated operations.
Imperial Oil Profit Misses Estimate as Plunging Crude Weighs
Tuesday, February 02, 2016 Canada's Imperial Oil reports a lower-than-expected quarterly profit, hurt by a prolonged slump in crude oil prices.
Fight Or Flight: Canadian Oil Companies Weigh Hostile Takeover Bid
Thursday, December 03, 2015 In an unusual hostile takeover attempt, Suncor Energy is making a last ditch effort to absorb its joint venture partner Canadian Oil Sands or move on.
Imperial's New Projects Add 120,000 Bpd Of Crude So Far This Year
Wednesday, September 23, 2015 Imperial Oil adds 120,000 barrels per day of heavy crude supply from two new projects this year even as prices languish near 6-1/2 year lows.
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015 Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
Imperial Oil/Exxon/BP Group Defer Drilling In Canada's Arctic
Friday, June 26, 2015 Imperial Oil says it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic.
Oil-Sands Megaproject Era Wanes as Suncor to Imperial Scale Down
Thursday, June 18, 2015 Canadian oil-sands spending is poised to drop 30% to $19B this year while total oil production will be 17% lower by 2030 compared with last year's estimates.
Imperial Oil's Kearl Oil Sands Expansion Project Begins Production
Tuesday, June 16, 2015 Imperial Oil begins production at its Kearl oil sands expansion project in Alberta, Canada.
Imperial Oil 4Q Profit Falls, Kearl Expansion To Start Early
Monday, February 02, 2015 Imperial Oil's Kearl oil sands project expansion will start ahead of schedule, the company says, in the latest sign that weak crude prices are failing to dent oil sands growth.
Imperial Oil Profit Dips As Kearl Output Disappoints
Thursday, January 30, 2014 Imperial Oil's Kearl oil sands project in northern Alberta produced less than half its capacity in the fourth quarter, the company says.
Conoco in $720M Oil Sands Deal With Exxon, Imperial
Thursday, August 08, 2013 ConocoPhillips sells its stake in a Canadian oil sands project to ExxonMobil and Imperial Oil for $720 million.
Imperial Oil Announces Start-Up At Kearl Oil Sands Project
Saturday, April 27, 2013 Imperial Oil announces the start-up of the initial phase of its Kearl oil sands project, a project the Calgary energy company is counting on as key source of crude for more than 40 years.
Imperial Oil Extends Canada Base with Celtic Exploration Acquisition
Wednesday, November 28, 2012 Imperial Oil announced it will participate as an owner with ExxonMobil Canada Ltd. in Celtic Exploration Ltd.
Canada Oil Sands Producers to Share Environmental Technology
Thursday, March 01, 2012 A dozen of the largest Canadian oil sands producers agree to share funding for environmental research, saying pooling their resources will speed the creation of new technologies to reduce the negative effects of oil-sands development.
Imperial Oil Approves $2B Cold Lake Oil-Sands Expansion
Friday, February 03, 2012 Imperial Oil Ltd. said the $2B expansion of its big Cold Lake oil-sands operation will add more than 40,000 barrels of commercial bitumen production a day.
Canada Releases Rules For Offshore Arctic Oil, Gas Drilling
Thursday, December 15, 2011 Canada's national energy regulator released rules for offshore oil and gas drilling in the Arctic Ocean Thursday, clearing the way for energy companies to begin operations there if they meet safety requirements.
CB&I Awarded EPC Contract for Kearl Oil Sands
Tuesday, March 15, 2011 CB&I has been awarded a contract by Imperial Oil for engineering, procurement and construction work on the Kearl oil sands project in Alberta.