Home Canada: Imperial, Exxon Deal Offers Industry Hope of Alberta Oil Turnaround
 

Keywords :   


Canada: Imperial, Exxon Deal Offers Industry Hope of Alberta Oil Turnaround

2013-08-09 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: Imperial Oil Ltd. and Exxon Mobil Corp. have teamed up to buy a major Alberta oil sands property from ConocoPhillips for $751-million, ending a drought of large deals for bitumen-rich lands that had persisted since the start of the year. ConocoPhillips has had a package of oil patch assets on the auction block since early 2012. In that time, however, the deal flow in the industry slowed to a trickle. The U.S. energy giant now says that in addition to selling the oil sands assets to Imperial and...

Tags: canada offers industry hope

Category:Electronics and Electrical

Latest from this category

All news

»
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »