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Imperial Oil awards $300 million Kearl Expansion to CB&I

ExxonMobil to boost oil sand production in Canada Through Imperial Oil Ltd (Imperial Oil), ExxonMobil is planning to double upstream production capacity in Canada in the period 2010 – 2020 supported by...

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Oil sands

Definition Oil sands are bitumen deposits  which naturally occurred from the mixture of thick, heavy oil, water and sand. Since the heavy oil is classified as bitumen, Oil sands are scientifically...

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OPEC+ Agreement to Speed up Market Dichotomy

OPEC and non-OPEC Producers to cut Oil Production On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil...

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