Petroleos de Venezuela’s Net Income Rose Surged 42.4%
Bloomberg reported that Petroleos de Venezuela's net income rose surged 42.4% in 2011.
Heavy Oil Market News Directory
Chesapeake Energy’s Oilfield Services Business to go Public
Rigzone reported that Chesapeake Energy's (NYSE:CHK) oilfield services has decided to go public for an initial public offering of up to $862.5 million in common stock.
Western Canada Select Rose to $18.05
Bloomberg reported Western Canada Select rose to $18.05 in comparison to WTI in three months.
U.S. Gulf Coast Oils Declined
Bloomberg reported that U.S. Gulf Coast oils declined after the discount for WTI compared with Brent narrowed.
Canadian Crude Oil Exports Surged 9% in 2011
Reuters reported that Canadian crude oil exports surged 9% in 2011.
Petrotrin Has Discovered 48 Million Barrels of Crude Oil
Bloomberg reported that Petrotrin, Trinidad's state-owned petroleum company, has discovered 48 million barrels of crude oil.
India 2012-2013 Crude Imports From Iran May Drop by 25%
Reuters reported that annual crude imports from Iran to India may drop almost by 25% in 2012-2013.
Enbridge’s Plans to Expand U.S. Pipeline Capacity to Generate $15 Billion
Bloomberg reported that Enbridge Inc's (NYSE:ENB) decision to expand U.S. pipeline capacity may yield up to $15 billion for Canadian oil-sands producers.
Western Canada Select’s Discount Widened $3.50 to $27.50 a Barrel
Bloomberg reported that Western Canada Select oil inched down after fire struck at Exxon Mobil's (NYSE:XOM) Billings refinery in Montana on a March 26.
China Petroleum and Chemical: 30% Drop in Q4 Net Profit
Reuters reported that China Petroleum and Chemical Corp (NYSE:SNP) announced a 30 percent drop in fourth-quarter net profit.
