Featured Heavy Oil Companies

Saudi Oil Can Replace Large Share of Iran Heavy Oil Exports

Bloomberg reported that according to the Economist Intelligence Unit, Saudi Arabia has excess crude to replace a large share of the heavy oil exported by Iran.

Americas Petrogas Updates Medanito Sur and Rinconada Norte

Americas Petrogas (TSXV:BOE) updated on two blocks, Medanito Sur and Rinconada Norte, in the Neuquen Basin in Argentina.

Occidental Petroleum 2011 Q4 Revenue Rose 27.8%

Zacks reported that Occidental Petroleum Corporation’s (NYSE:OXY) 2011 Q4 revenue rose 27.8% to $2.02 per share from $1.58 per share.

Heavy Louisiana Sweet Dropped 35 Cents to $12.15

Bloomberg reported that U.S. Gulf Coast oil premiums wavered after premium of Brent to WTI dropped 12 cents to $10.88.

Lundin Petroleum AB’s 2012 Net Production Forecast Between 32,000 and 38,000 BOEPD

Lundin Petroleum AB (TSX:LUP) reported that its 2012 net production forecast will be between 32,000 and 38,000 boepd.

U.S. Gulf Coast Oil Prices Mixed as WTI-Brent Lowered 10 Cents

Bloomberg reported that U.S. Gulf Coast oil premiums were mixed after the gap between WTI and Brent lowered 10 cents to $11.43 at 12:39 p.m.

East West Petroleum Updates on Romanian Exploration Program

East West Petroleum Corp. (TSXV:EW) reported its latest update on the exploration program at the 1,000,000 acre exploration position in western Romania.

Sundance Energy Farms Out Lease Acquired from Moosomin First Nation

Sundance Energy Corporation (TSXV:SNY) has farmed out the lease acquired from the Moosomin First Nation, Lashburn Area, Saskatchewan to a private oil and gas operator.

Condor Updates on the Operations in Kazakhstan

Condor Petroleum Inc. (TSX:CPI) reported recent operational update from its the Zharkamys West 1 Contract Territory and the Marsel Contract Territory in Kazakhstan.

U.S. Gulf Coast Oil Premiums Gained After WTI-Brent Gap Increased

Bloomberg reported that the premiums for U.S. Gulf Coast oils gained after the gap between U.S. benchmark West Texas Intermediate and Brent crude increased.

Anadarko Petroleum Reports New Oil Reservoir at the Ntomme-2A Appraisal Well

Anadarko Petroleum Corporation (NYSE:APC) reported a 28 net feet of light oil pay sandstone reservoir at the Ntomme-2A appraisal well.

Obama Administration Denies Keystone XL Oil Pipeline

Bloomberg reported that President Barack Obama denied TransCanada Corp. (NYSE:TRP) Keystone XL oil pipeline permit.

Petro Viking Energy Updated on Activities at Brownfield, Alberta

Petro Viking Energy Inc.(TSXV:VIK) updated on its operational activities at Brownfield, Alberta.

Lundin Petroleum Recieves 10 Licenses in Norway

Lundin Petroleum AB (TSX:LUP) reported that Lundin Norway AS has received 10 licence interests in the 2011 Norwegian Licensing Round.

Heavy Louisiana Oil Premium to Light Increases 90 Cents

Bloomberg reported that Heavy Louisiana Sweet oil surged 90 cents to $2.30 compared to the Light Louisiana Sweet grade.

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