Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Top ten A real income Black-jack Casinos inside United states to own 2025
    • Best Position Sites Uk 2025 Enjoy Real cash Online slots
    • Black-jack Online for real Currency: Top 10 Local casino Internet sites in the 2025
    • Пин Ап
    • Chatbots in healthcare: an overview of main benefits and challenges
    • What is Google Bard? Everything you need to know about ChatGPT rival
    • 7 Top Machine Learning Programming Languages
    • Casinoland Gambling establishment Evaluate Japanese
    YYC Times
    • Home
    • Latest News
    • Trending Now
    • Updates
    YYC Times
    Latest News

    Imperial Oil plans $1.7 billion in capital spending in 2023

    YYC TimesBy YYC TimesDecember 20, 2022No Comments2 Mins Read

    By Employees

    The Canadian Press

    Posted December 20, 2022 11:44 am

    Imperial Oil Ltd. plans $1.7 billion in capital spending for subsequent yr.

    The corporate says the plan features a ramp for its Strathcona renewable diesel challenge, software of solvent applied sciences at Chilly Lake and ongoing funding in an in-well tailings challenge at its Kearl oil sands facility.

    Brad Corson, Imperial’s chairman, president and CEO, says the plans replicate the corporate’s pursuit of enticing alternatives to cut back emissions, improve manufacturing and improve profitability.

    Learn extra:

    Imperial ‘strike a steadiness’ between shareholder returns and capital spending: CEO

    Learn extra

    • Imperial ‘strike a steadiness’ between shareholder returns and capital spending: CEO

    Imperial says upstream manufacturing for 2023 is forecast between 410,000 and 430,000 gross oil equal barrels per day, reflecting the sale of the corporate’s pursuits in XTO Vitality Canada.

    Common now

    • CTV Information chief Michael Melling rehired after Lisa LaFlamme fallout

    • Boy discovered malnourished, dwelling in squalor after ‘continual neglect’ by Toronto Kids’s Support: report

    Common now

    • Canada’s ban on single-use plastics goes into impact on December 20. This is what to know

    • Boy discovered malnourished, dwelling in squalor after ‘continual neglect’ by Toronto Kids’s Support: report

    The corporate says the outlook is supported by deliberate robust working efficiency in its core oil sands property and continued progress at Kearl which is on observe to extend manufacturing to 280,000 whole gross barrels per day by 2024.

    Story continues under commercial

    Learn extra:

    Imperial ink offers with Quebec-based EV charging community firm

    Throughput in Imperial’s downstream enterprise is anticipated to be between 395,000 and 405,000 barrels per day with capability utilization between 92 and 94 p.c.


    Journalistic requirements


    Report a bug

    &copy 2022 The Canadian Press



    Source link

    Previous ArticleReality check: Will Calgary’s ebuses stress electrical grid? – Calgary
    Next Article Calgary weather: Cold closes some schools, power use spikes
    YYC Times
    • Website

    Related Posts

    Latest News

    Rural Alberta shooting triggers investigation that led to seizure of over $440K in stolen property

    April 17, 2024
    Latest News

    Edmonton doctors warn of NICU crisis that could lead to baby deaths

    April 17, 2024
    Latest News

    2024 federal budget gets mixed reviews in Alberta amid housing crisis

    April 16, 2024
    Add A Comment

    Leave A Reply Cancel Reply

    Categories
    • 1
    • AI News
    • Latest News
    • Trending Now
    • Updates
    Categories
    • 1
    • AI News
    • Latest News
    • Trending Now
    • Updates
    • Privacy Policy
    • Disclaimer
    • Terms & Conditions
    • About us
    • Contact Us
    Copyright © 2024 YYCTimes.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.