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Imperial Oil going ahead with construction of $2.6B Aspen oilsands project

Imperial Oil going ahead with construction of $2.6B Aspen oilsands project

Imperial Oil Ltd.’s commitment to begin construction this year on its $2.6-billion Aspen oilsands project in northern Alberta comes less than a week after it received long-awaited approval from the Alberta government. The speed of the announcement Tuesday surprised observers who have watched Calgary oilsands rivals including Canadian Natural Resources Ltd., Cenovus Energy Inc. and…

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TransCanada plans to start construction of Keystone XL pipeline in 2019

TransCanada plans to start construction of Keystone XL pipeline in 2019

The developer of the Keystone XL oil pipeline plans to start construction next year, after a U.S. State Department review ordered by a federal judge concluded that major environmental damage from a leak is unlikely and could quickly be mitigated, a company spokesman said Monday. TransCanada spokesman Matthew John said the company remains committed to…

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