Petrobank Energy and Resources Ltd. announces that it has today received copies of two letters from the Energy and Resources Conservation Board to objecting parties that indicate that the ERCB has decided that the three well expansion at Petrobank’s Whitesands site has met all regulatory requirements and the ERCB will issue their approval document in [...]
Read the full article: "Petrobank’s Whitesands Expansion..."
Friday, November 28, 2008
PetroVietnam Exploitation and Production Corporation , a subsidiary of the Vietnam National Oil and Gas Group, will establish a joint venture with a Venezuelan firm to exploit and refine heavy oil in Venezuela. For full story, click here
Read the full article: "Vietnamese oil and gas co to exploit heavy..."
Thursday, November 27, 2008
Venezuela is one of the world’s largest oil producers with about 87 billion barrels of proven conventional oil reserves and huge non-conventional (heavy oil) deposits, most of which are located in the Orinoco oil belt. For full story, click here
Read the full article: "Venezuela has huge heavy oil deposits"
Thursday, November 27, 2008
A heavy oil extraction project north of Wabasca has been suspended for the time being. Low oil prices are apparently to blame. For full story, click here
Read the full article: "Shell suspends Grosmont heavy oil pilot..."
Wednesday, November 26, 2008
Spry Energy Ltd. is pleased to announce the financial and operating results for our first quarter ended September 30, 2008. For full story, click here
Read the full article: "Spry announces first quarter financial and..."
Wednesday, November 26, 2008
Dollar 90 per barrel is about the threshold below which production from the extra heavy oil sand in Canada would not give a satisfactory Return on Investment. For full story, click here
Read the full article: "What price will give good returns from oil..."
Tuesday, November 25, 2008
Venezuelan President Hugo Chavez plans to enter into a strategic alliance with Russia aimed at developing his country’s oil industry, according to a senior government minister. For full story, click here
Read the full article: "Russia, Venezuela to form..."
Tuesday, November 25, 2008
Brazil’s state-run oil company Petrobras said it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo. For full story, click here
Read the full article: "Brazil’s Petrobras makes another..."
Monday, November 24, 2008
For the second time in five years, Petro-Canada backtracked on its oil-sands plans, deferring until next year a decision on whether to proceed with a bitumen mine near Fort Mc-Murray, Alta., and shelving indefinitely construction of an upgrader near Edmonton. For full story, click here
Read the full article: "Petrocan backs off oil sands"
Monday, November 24, 2008
The oil sands are a reliable, stable supply of energy that will help stimulate the economy. For full story, click here
Read the full article: "Oil sands to stimulate Canada’s economy"
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Friday, November 28, 2008