Imperial Oil president and CEO Bruce March says a long-term approach is paying off for the company in uncertain times despite a lower fourth quarter, For full story, click here
Read the full article: "Imperial racks up record 2008 profits"
Friday, January 30, 2009
Freedom Financial Holdings, Inc. CEO Brian Kistler announced today that the company has successfully secured Oil and Gas Leases for an additional 720 acres of ground in Vernon County, Missouri, the company believes to be rich with heavy oil sands. Freedom Financial Holdings, Inc. CEO Brian Kistler, said: The last several months has been a [...]
Read the full article: "Freedom Financial Holdings Heavy Oil..."
Thursday, January 29, 2009
Petro-Canada says it would welcome Total SA as a partner in the stalled Fort Hills oilsands project after the French energy giant made a $617-million takeover bid for the development’s smallest player, UTS Energy Corp. Petro-Canada spokesman Peter Symons, said Under the current economic conditions facing not only our project, but the industry in general, [...]
Read the full article: "UTS Energy shares nearly double after Total..."
Thursday, January 29, 2009
Energy giant Total SA has stirred up Alberta’s oil patch with its hostile bid for UTS Energy Corp., moving to boost its growing presence in the oil sands in the belief crude prices will recover and allow it to profit from projects now stalled. Mr. Borrell said Our belief is that the price will be [...]
Read the full article: "TOTAL MEETS AN ALBERTA CLIPPER"
Tuesday, January 27, 2009
The Cabinet of Ministers ordered the Fuel Ministry and Industrial Policy Ministry to enforce a switch by industrial and heating plants to heavy oil instead of gas wherever they can, and simplified the procedure for purchase of heavy oil. For full story, click here
Read the full article: "Cabinet asks industry to switch to heavy oil..."
Tuesday, January 27, 2009
The U.S. refiner, said it started on Thursday shutting a 92,000 barrel-per-day heavy oil cracker at its refinery in Corpus Christi, Texas, for about 30 days of planned work. For full story, click here
Read the full article: "Valero begins Corpus Christi heavy oil..."
Tuesday, January 27, 2009
Genuity Capital lowered its commodity price assumptions and price targets on six oil sands stocks, citing a further deterioration in oil and natural gas prices caused by the continued negative economic environment. For full story, click here
Read the full article: "Genuity cuts oil sands cos price target"
Tuesday, January 27, 2009
Paris-based energy giant Total is making a C$617-million all-cash bid to buy UTS Energy Corp of Calgary. For full story, click here
Read the full article: "Total launches C$617-million all-cash bid..."
Monday, January 26, 2009
Environmental groups are hoping the delay of a major pipeline project that would tie Quebec and Ontario consumers to oil from the Alberta tar sands will allow public awareness of the program’s potential ecological impact to grow. For full story, click here
Read the full article: "Activists push policy change for oil pipeline"
Monday, January 26, 2009
MegaWest Energy Corp. announced that it has reorganized to strengthen its financial flexibility and to extend the time available for the company to benefit from future improvements to current market conditions. For full story, click here
Read the full article: "MegaWest Reorganizes to Strengthen Financial..."
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Friday, January 30, 2009