Operator · Canada Oil Sands
Imperial Oil Limited
22 articles mentioning Imperial Oil Limited · Page 1 of 2
Imperial Ditches Long-Term Unconventional Plans; Takes $1.1B Impairment Hit
Following annual review, Imperial has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets...
Imperial Oil Details Q3 2019 Results
Imperial Oil Limited reported its Q3 2019 results. Highlights: Net income of $424 million; cash generated from operations of nearly $1.4 billion Highest third quarter production in 30 years at 407,000 gross oil-equivalent barrels per day...
Imperial Oil Taps New President as CEO Kruger Retires
Imperial Oil Limited has reported the appointment of B.W. (Brad) Corson as president, effective September 17, 2019. Chairman and chief executive officer, R.M. (Rich) Kruger, has declared his plans to retire at the end of December,...
Imperial Oil Details Q2 / Six Month Results
Imperial Oil Limited reported its Q2 2019 results. Highlights: Net income of $1,212 million, including a $662 million benefit from the Alberta corporate tax rate change Highest second quarter production in over 25 years, including record...
Imperial Oil Talks Q1 2019 Results
Imperial Oil Limited reported its Q1 2019 results. Highlights: Earnings of $293 million; cash generated from operations of $1 billion $510 million returned to shareholders through share purchases and dividends Second quarter dividend increased by 16...
Facing Storage Glut, Alberta Government Cuts Oil Output; Canadian Operators React
Alberta Premier Rachel Notley announced that the province will cut down on its oil/bitumen production. The production of raw crude oil and bitumen will be reduced by 325,000 barrels per day to address the storage glut,...
Imperial Oil Restarts Production at NW Territory Norman Wells
Imperial Oil announced that it has successfully restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude...
Imperial Reports Q2 2017 Financial Results
Imperial recorded an estimated net loss of $77 million in the second quarter of 2017, as compared with a net loss of $181 million in the same period of 2016. The quarterly performance reflects the impacts...
Imperial Oil Maintains Level of Production, Spend in 2017
In 2017, capital expenditures of about $1 billion are anticipated
Imperial Oil Restarts 'Limited' Oil Sands Ops at Kearl
Air monitoring is in place and the physical plant is unaffected by the fires.
Imperial Oil's Production Up 26% From 2014
Production averaged 386,000 gross boe/d.
Canadian Oil Sands Stops Crude Production in Response to Fire
Canadian Oil Sands Ltd has halted crude oil production after a fire damaged its processing facility.
Imperial Oil Maintains Tight Focus on Completing Upstream Projects
Capital and exploration expenditures totalled $819 million, down $579 million versus 2014.
ExxonMobil's Kearl Oil Sands Project Starts Production
Kearl will access approximately 4.6 billion barrels of resource for more than 40 years.
Imperial's Kearl Construction Phase Complete in 4Q 2014
Kearl expansion project construction phase was essentially completed.
Oil Sands Operators Scale Back with Low Prices
Canadian heavy crude based projects could be under threat as heavy crude prices slide near $40 bbl.
Imperial's Kearl Project Doubled Production from 2013
Kearl expansion and Cold Lake Nabiye projects, were 97 and 96 percent complete, respectively, at the end of the quarter.
Imperial Oil's Kearl Ramp Up Offset By Lower Volumes Elsewhere
Production averaged 287,000 gross oil-equivalent barrels per day, up 11,000 barrels versus 2013.
Kearl Oil Sands Paying Off for Imperial
Gross production was up 46,000 barrels versus 2013, primarily due to production from Kearl.
Kearl Oil Sands Showing Promise for Imperial Oil
Most notable among our achievements was the start-up of our Kearl oil sands mining project, the largest capital investment in the company's history. Fourth quarter gross production averaged 329,000 oil-equivalent barrels per day, up from 285,000...