According to Suncor Energy completions engineer Fernando Gaviria, high-temperature ESPs are important to the company’s SAGD efforts in its Firebag field in northern Alberta, Canada. For full story, click here For Suncor’s website, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Hello to everyone out there. Sorry that Upgrader is later than usual this week. I have been in Winnipeg and Northern Ontario on a semi-vacation. On that note, it was helpful to be without news for a few days as it offered perspective on what [...]
CANADIAN PHOENIX RESOURCES CORP. reported that it has completed its previously announced series of transactions with Serrano Energy Ltd. which includes acquisition of 11 million common shares of Serrano. For more information, click here For company’s website, click here
Saha Petroleum Ltd. reported that it has signed agreement for acquisition of a privately held oil and gas company with heavy oil production of approximately 35 bbls/d on assets located in Lloydminster, Saskatchewan. For more information, click here For company’s website, click here
Locals in Northern Alberta are fighting expansion of heavy oil production because of its impact on the environment. For more information, click here
Heavy-oil and biodiesel distribution company China Bio Energy Holding Group has acquired four retail gas stations to strengthen its distribution network. Gao Xincheng, CEO of CBEH, said: We are very pleased to have expanded our retail business. We believe that these acquisitions are another excellent example of the value of our distribution network. Demand for fuel [...]
Ivanhoe Energy Inc. confirmed that it is in “detailed discussions” with Ecuador’s national oil company to develop an oil field. Ivanhoe is attacting interest from numerous foreign oil firms who are keen to use Ivanhoe’s technological innovation to develop their own heavy oil fields. For more information, click here For Ivanhoe’s website, click here
Great Valley Production Services LLC (GVPS), Trivalley’s subsidiary has arranged its first $5 million funding to invest in expansion of equipment and infrastructure for accelerating oil and gas production increase on its six development properties in California. For more information, click here For Trivalley’s website, click here
The government of Newfoundland is set to finalize a deal with Chevron Corp this week to develop the C$6 billion ($5.7 billion) offshore Hebron oil field. Quoting unnamed sources, Canadian Broadcasting Corporation said: An announcement regarding the 731 million barrel Hebron and Ben Nevis heavy oil deposit could be made Wednesday or Thursday. For more [...]
PetroChina vice president Song Yi-wu indicated that China’s near-term heavy oil strategies are pointed directly at Venezuela, where a “warm-hearted” President Hugo Chavez has taken steps to nationalize oil operations. Song said: China is building energy security for its people in “politically friendly” countries, which include Venezuela, Saudi Arabia, Russia and a host of Asian and [...]
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