An official reported, Iran has an estimated more than 85 billion barrels of reserved heavy oil, suggesting about 60 per cent of the country’s reserves are of that crude category Emadi was quoted as saying: China has obtained good experience in the past few years in the extraction of heavy oil, and it has managed to [...]
Read the full article: "Iran has an estimated 85b barrels heavy oil..."
Friday, August 29, 2008
Action Energy Inc. reported its results for the three and six months ended June 30, 2008. For full report, click here For company’s website, click here
Read the full article: "Action Energy reports Q2 Results"
Friday, August 29, 2008
Buffalo Resources Corp. reported record financial results for the three and six months ended June 30, 2008. For more information, click here For company’s website, click here
Read the full article: "Buffalo Resources Announces Q2 results"
Wednesday, August 27, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market and international news Falling natural gas prices are a boon to oil sands operators, so if prices remain low in the upcoming months, Q3 results should improve, especially for refiners. A common theme in the Q2 results released a couple weeks ago was the bite [...]
Read the full article: "Upgrader: August 27"
Tuesday, August 26, 2008
Peters & Co. analyst Kam Sandhar was quoted as saying: EnCana Corp. continues to move forward aggressively with its oil sands expansion plans, and its new, yet-to-be-named integrated oil spinoff will be the primary driver behind the company’s growth over the next decade. For full story, click here For Encana’s website, click here
Read the full article: "Integrated spinoff major driver behind..."
Tuesday, August 26, 2008
Grizzly Oil Sands ULC reported the appointment of John V. Pearce as Chief Executive Officer of the company. For full story, click here For company’s website, click here
Read the full article: "Grizzly Oil Sands Appoints John V. Pearce As..."
Tuesday, August 26, 2008
Deloro Resources Ltd. reports that they have received the Canadian, Saskatchewan government permit for Electro Petroleum Inc. to conduct a pilot test on their Wilkie property. The test will use our horizontal well already drilled on the property. The equipment for conducting the test will start moving in immediately. For full details of this press release, click this [...]
Read the full article: "Deloro gets green light for Wilkie Pilot..."
Monday, August 25, 2008
C$2.4 billion worth of pipelines is in progress to handle increasing volumes of heavy oil in Alberta. For more information, click here
Read the full article: "More pipelines to handle Alberta’s..."
Monday, August 25, 2008
Petroecuador is in advanced discussions with Ivanhoe to develop heavy oil field in Ecuador’s Oriente basin. Luis Jaramillo, President of Ecuador’s Petroecuador, said: Ivanhoe Energy Inc., Vancouver, BC, would begin work within 9 months towards the production of heavy crude oil from Pungarayacu heavy oil field on Block 20 in Ecuador’s Oriente basin, according to [...]
Read the full article: "Petroecuador seeks to develop Block20 Heavy..."
Monday, August 25, 2008
The huge amount of energy and water needed in the process to extract oil from sands has raised fears among scientists, environmentalists and government officials. Critics are quoted as saying: The oil sands operations will increase greenhouse gas emissions and threaten Alberta’s rivers and forests. For full story, click here
Read the full article: "Cost of Alberta’s oil sands"
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Sunday, August 31, 2008