Pacific Rubiales Energy Corp. announced the filing of independent reserve and resource assessment report about resource based of its target acquisition, Kappa Energy Holdings. Ronald Pantin, Chief Executive Officer, said: Given the commitment prices paid on the recent heavy oil licensing round and the increased interest demonstrated by our peers in Colombia, we are thrilled [...]
US coast guard allowed movement of 60 ships on the Mississippi River as traffic on this important route began to recover after the last week’s oil spill. For full story, click here
Kuwait will be issuing tenders to invite bids for upgrading two of its three existing oil refineries. For full news, click here
Suncor energy reported that Alberta Energy Resources Conservation Board has lifted constraints on production at company’s Firebag in-situ oil sands. For full story, click here
New regulations to reduce pollution emissions from oceangoing ships in California have banned the usage of Bunker fuel, a dirty, heavy crude oil that has the consistency of asphalt and must be heated aboard the ships to power the engines. For full story, click here
59 ships were stopped by Coast Guard from traversing Mississippi River from New Orleans to the Gulf of Mexico while workers were busy cleaning up about 400,000 gallons of heavy oil that spilled after collision between a barge and a tanker. For full news, click here
Sonic completed the acquisition of NORT Chemistry by acquiring all the issued and outstanding shares of the company. NORT chemistry, the Alberta based company, complements SONIC Sonoprocess to achieve pipeline quality. For full story, click here
Petroperu will invest $50 mln in the modernization of Oleoducto Norperuano oil pipeline. For full story, click here
A small Calgary company has proposed to construct Canada’s first coal-to-liquids (CTL) plant in northwest Alberta. Mark Montemurro, the president and CEO of Alter NRG Corp, the company that has put forth the proposal, said: As the first coal to liquids project in Canada, the project will be a significant, long-term contributor to Alberta’s economy [...]
The agreement between TMK-BP, BP’s joint venture in Russia and Venezuelan state oil company PDVSA prompted BP to pull out 60 of its remaining technical specialists from Russia. For more information, click here
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