Imperial Oil (IMO) and its parent, Exxon Mobil (XOM), are in the early stages of planning a...

|About: Imperial Oil Ltd (IMO)|By:, SA News Editor

Imperial Oil (IMO) and its parent, Exxon Mobil (XOM), are in the early stages of planning a liquefied natural gas export business from Canada’s west coast, IMO CEO Bruce March says. The new business would build on their $3.1B acquisition of Celtic Exploration, as well as gas holdings they already own in western Alberta and in British Columbia's Horn River shale gas play.