Imperial Oil reports first quarter profit down from year ago, raises dividend
Imperial Oil Ltd. raised its dividend nearly 16 per cent as it reported that its first-quarter profit fell compared with a year ago. Continue reading
Imperial Oil
Tower falls at Imperial Oil site in Sarnia, ‘high flaring’ seen from the site: company statement
Sarnia’s Imperial Oil site is conducting controlled flaring as a safety precaution. Continue reading
Crude-by-rail exports fall in January as Alberta started production cuts
The National Energy Board says crude-by-rail exports in January fell compared with December, but remained more than twice as high as 12 months earlier. Continue reading
Crude by rail volumes fall as Calgary-based Imperial Oil cuts Alberta shipments
Crude-by-rail shipments from Western Canada fell in February to the lowest level since May of last year. Continue reading
No charges for Imperial Oil despite Sarnia residents fearing the plant ‘was going to blow up’
Imperial Oil Ltd. will not be charged for a Feb. 23, 2017, incident that saw huge flames shooting from its Sarnia refinery, which residents described as being “absolutely anxiety-inducing.” Continue reading
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Parkland Fuel CEO links Alberta oil curtailments to lower refinery margins
His comments echo complaints by major producers with refining assets which have all said the Alberta curtailment program is an unwanted intervention in the marketplace. Continue reading
U.S. based Devon Energy says it intends to exit Canadian oilsands sector
Oklahoma City-based Devon Energy Corp. says it’s getting out of the Canadian oilsands, as well as the Barnett Shale area in Texas. Continue reading
Imperial Oil cancels crude by rail shipments blaming curtailment
Imperial Oil Ltd. is cutting its crude-by-rail shipments from 168,000 barrels per day in December to “near zero” this month and its CEO is placing the blame squarely on the Alberta government’s oil production curtailment order. Continue reading
Calgary-based Imperial Oil reports $853M Q4 profit, boosted by downstream operations
Imperial says the profit amounted to $1.08 per diluted share for the last three months of 2018 compared with a loss of 16 cents per diluted share in the fourth quarter of 2017, which included $566 million of upstream asset impairments. Continue reading
No health hazard from refinery flare over Edmonton: Alberta Environment
Alberta Environment says a 12-hour refinery flare that left a black plume visible for kilometres over Edmonton’s eastern skyline didn’t create a public health hazard. Continue reading