Saha Petroleum closes acquisition of Heavy Oil production
Saha Petroleum closes acquisition of Heavy Oil production, holds annual and spscial shareholder’s meeting and aquires Saskatchewan property. For full story, click here
Archive for November, 2008
Brazil’s Petrobras makes another subsalt oil find
Brazil’s state-run oil company Petrobras said tht it discovered “large volumes” of light oil in the subsalt layer off the coast of Espirito Santo. For full story, click here
Serrano Energy Announces Private Placement Financing
Serrano Energy Ltd. Announces Private Placement Financing & Letter of Intent to reduce Its working interest in Its blackrod/portage oil sands property. For full story, click here
Colfax Corporation Results Conference Call Transcript
The company posted a had a strong quarter.earnings and expects the fourth quarter to be even better and the trends entering 2009 remains positive. For full story, click here
Investment bdgets reduced in heavy oil development
Investment budgets are being sharply reduced in key areas like heavy oil development in Canada, where costs are extremely high, as well as other large, high cost oil projects. For full story, click here
PetroVietnam sign $11 bln oil agreement with Venezuela
PetroVietnam signed a 25-year accord with Venezuela to produce and explore for oil at an estimated cost of US$11.4 bn. For full story, click here
Updates from Genoil Inc
Genoil Inc. provided an update on ongoing marketing and financing efforts on Genoil’s heavy oil and refinery residue upgrading project with Haiyitong Inc. (“HYT”) in China. For full story, click here
Buffalo Resources posts Q3 2008 Results
Buffalo Resources Corp. reported record financial results for the nine months ended September 30, 2008. For full story, click here
Aprox 2 trillion of oil sands recoverable: IEA
Between 1 and 2 trillion barrels of oil sands and extra-heavy oil may be ultimately recoverable economically, according to IEA. For full story, click here
Baytex Energy: Q3 results and Resource Play Land Acquisitions
Baytex Energy Trust posted its operating and financial results for the three months and nine months ended September 30, 2008. For full story, click here
