Tag: Canadian Oil Production
Bank estimates oil prices remain low through 2016
Report says oil prices expected to rise to $55/b by end of 2016 Oil companies are in for at least another year of pain, according to Scotiabank’s latest commodity price index, with crude oil prices are expected to stay below US$50 a barrel for the next 12 months. The report by Patricia Mohr, a vice-president and […]
Imperial Oil’s Kearl oilsands expansion project up and running
Kearl oilsands expansion project significantly reduces greenhouse gas emissions On Tuesday, Imperial Oil announced the successful startup of the $9 billion Kearl oilsands expansion project. New technology used in Imperial Oil’s Kearns oilsands project will mean on a well-to-wheels basis, diluted bitumen will have about the same greenhouse-gas emissions footprint as the average crude refined today in […]
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