Remove Corporation Remove Energy Remove Oil-Sands Remove Singapore
article thumbnail

Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. billion barrels (net), ranking it third in the area next to Husky Energy and Shell Canada. has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities.

Oil-Sands 210
article thumbnail

ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels.