IMPERIAL OIL LIMITED Mining News

Canadian companies dominate global oil and liquids reserves rankings

Daily Oil Bulletin reports Canada's total proved oil and liquids reserves continued to climb in 2010, rising to just under 22bn barrels, up 6.6% from year end 2009. About 77% of the booked reserves came from Alberta's oil sands. The news comes as Canada’s oil sands are coming under increased scrutiny: the Vancouver Sun reported on Monday that the federal government deliberately excluded data indicating a 20% increase in annual pollution from the oil sands industry in a report to the UN. Last week during Congressional hearings it was revealed that the oils sands are poised to become the number one source of crude for the US.

Caterpillar dealer Finning wins big contract for new Alberta oil sands mine

Imperial Oil has chosen Finning as a mining mobile equipment supplier for the Kearl oil sands project. The ten-year agreement includes the supply of Caterpillar equipment, parts, specialized maintenance labour and training. The Kearl project is envisioned to be developed in three phases and could ultimately produce more than 300,000 barrels/d of bitumen. The first [...]