Ivanhoe Energy Inc. has sold its U.S. oil and gas operations to Seneca South Midway LLC, a subsidiary of Seneca Resources Corp., for approximately $40-million.
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EnCana Corp, Canada’s biggest energy company, declared its second-quarter profit slipped 80 percent as oil and gas prices sank, but operating results beat expectations on a strong showing from its oil sands division.
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SRIC’s Heavy Oil from Tar Sands report reviews the status of the global tar sands business focusing on Alberta, Canada where sand deposits represent 174 billion barrels of oil, 15% of the global reserves and second only to Saudi Arabia.
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By Duncan Sutherland – Exclusive to Heavy Oil Investing News
Market news
Ouch! For our Canadian investors in commodities, times have certainly been better.
The TSX has been dragged downward by mining and energy concerns this week, and investors are understandably worried. Some see it as a natural part of a cycle, others as a taste of what [...]
Andy Nyman, The Louisiana State University assistant professor of wetland wildlife and ecology, was quoted as saying:
He expected to see much more shoreline damage at the mouth of the Mississippi River after a July 23 oil spill near the Crescent City Connection dumped an estimated 400,000 gallons of oil into the river.
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Tuesday, August 4, 2009
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