Imperial

Imperial Oil Restarts Oilsands Output from Kearl After Pipeline Leak

Imperial Oil Restarts Oilsands Output from Kearl After Pipeline Leak

Production has resumed at Imperial Oil Ltd.’s 220,000 b/d Kearl oilsands mine after Inter Pipeline Ltd. addressed a leak that had disrupted flows of gasoline-like condensate needed to dilute bitumen for shipment to markets. Inter Pipeline announced that service had been restored by building a 400-meter (1,300-foot) bypass around a leak that halted flows and…

September 16, 2020
Imperial Temporarily Halts Alberta Oilsands Production After Pipeline Leak

Imperial Temporarily Halts Alberta Oilsands Production After Pipeline Leak

Canada’s Imperial Oil Ltd. is temporarily shutting down its 220,000 b/d Kearl oilsands site while Inter Pipeline Ltd. repairs a leak that interrupted flows of gasoline-like condensate used as thinner for bitumen shipments from the mine. The release, detected over the weekend, affects the northeastern Alberta leg of a 238,000 b/d Inter Pipeline conduit called…

September 2, 2020
Canadian Oil and Gas Industry Reverses Investment Course on Coronavirus Worries

Canadian Oil and Gas Industry Reverses Investment Course on Coronavirus Worries

Only two months after predicting the first investment growth since 2014, the Canadian oil and gas industry has reversed course by retreating into austerity to survive the coronavirus pandemic and dizzying commodity price drops.

March 23, 2020

Imperial Launches Largest Canadian Oilsands Project in Five Years

Canada’s top industrial natural gas user, Alberta thermal oilsands production, embarked on fresh growth Thursday with an investment decision to build the biggest project in five years.

November 8, 2018

TransCanada Pipeline Project Targets Montney Gas

Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.

January 10, 2013

Fed Terminates Enron-Related Actions Against CIBC, Citigroup

The Federal Reserve Wednesday terminated an enforcement action against Canadian Imperial Bank of Commerce (CIBC) over structured transactions the bank made with Enron Corp. before the energy giant’s collapse. Last week the Fed terminated a similar action against Citigroup Inc.

December 28, 2006

CIBC Proposes $2.4B to Settle Enron Fraud Claims

In the largest class action settlement to date in the ongoing Enron Corp. bankruptcy, the Toronto-based Canadian Imperial Bank of Commerce (CIBC) proposed Tuesday to pay $2.4 billion to settle fraud claims by investors.

August 8, 2005

Enron, CIBC Settle MegaClaims Litigation

Enron Corp. said Friday it had reached agreement with Canadian Imperial Bank of Commerce (CIBC) to settle CIBC’s portion of the Enron MegaClaims litigation. CIBC’s settlement with Enron follows one by the bank earlier in the week, when it agreed to pay $2.4 billion to settle the largest class action lawsuit to date to settle fraud claims by investors (see Daily GPI, Aug. 3).

August 8, 2005

Former CIBC Director Settles SEC Charges Related to Enron

A former managing director with Canadian Imperial Bank of Commerce (CIBC) agreed last week to pay US$528,750 to settle charges brought by the Securities and Exchange Commission (SEC) last year in connection with Enron Corp.

July 19, 2004

Former CIBC Director Settles SEC Charges Related to Enron

A former managing director with Canadian Imperial Bank of Commerce (CIBC) agreed Tuesday to pay US$528,750 to settle charges brought by the Securities and Exchange Commission (SEC) last year in connection with Enron Corp.

July 15, 2004