Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher. For full story, click here
Read the full article: "Canada heavy oil firms try to weather price..."
Wednesday, December 31, 2008
MegaWest Energy Corp., an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announced that it has provided a corporate update to shareholders. For full tory, click here
Read the full article: "MegaWest Provides Corporate Update and Files..."
Tuesday, December 30, 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..."
Tuesday, December 30, 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..."
Friday, December 26, 2008
Here’s 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..."
Thursday, December 25, 2008
The stock price of UTS Energy has fallen from about $6 in July to $0.87 and the company’s market-cap is recorded at $412M. For full story, click here
Read the full article: "UTS Energy: Dangerous Play?"
Thursday, December 25, 2008
Ivanhoe Energy of Ecuador has signed a contract with state oil forms Petroecuador and Petroproduccion to explore and build the Pungarayacu heavy-oil field. The company plans to utilizing its heavy-to-light upgrading technology. For full story, click here
Read the full article: "Ivanhoe Energy to develop Pungarayacu..."
Wednesday, December 24, 2008
Bob “Goose” Faragon said reading the lanes and making quick adjustments were the reasons he was able to hold off Al Roth by two pins to win the Western Diner Northern Bowlers Association’s Stockade Open at Boulevard Bowl. For full story, click here
Read the full article: "Faragon adjusts to heavy oil, tops Roth in..."
Monday, December 22, 2008
SRIC’s Heavy Oil from Tar Sands report reviews the status of the global tar sands business focusing on Alberta, Canada where sand deposits represent 174 billion barrels of oil, 15% of the global reserves and second only to Saudi Arabia. For full story, click here
Read the full article: "SRIC’s Heavy Oil from Tar Sands report"
Monday, December 22, 2008
Tar sands are a mixture of hydrocarbon-rich bitumen mixed in sandstone layers. When the hydrocarbons are separated, the bitumen released is a heavy, black and sticky semi-liquid of high viscosity. For full story, click here
Read the full article: "New Tar Sands Projects Can Be Economically..."
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Wednesday, December 31, 2008