Schlumberger opens heavy-oil technology center
Schlumberger inaugurated a new oilfield technology center in Calgary, Alberta, that will focus on efficient heavy oil recovery in Alberta and Alaska. For full story, click here
Archive for January, 2009
Junior oil producers concerned about reserves writedowns
Lower oil prices are eating away at oilpatch projects and jobs. They are also expected to soon lead to a flurry of oil and gas reserves writedowns. For full story, click here
Connacher goes full steam ahead
Connacher Oil and Gas Ltd. has reinstated full steam and production at its Alberta oilsands project on stronger heavy oil differentials, the company said. For full story, click here
Petrobras says PDVSA asks too much for its oil
Venezuela state oil company PDVSA is asking too much for the heavy oil that Brazil’s state-run oil company Petrobras hopes to use to supply its Abreu Lima refinery, a Petrobras official said . For full story, click here
Do the refiners have enough heavy oil than they need?
Refiners often have more Canadian heavy oil than needed, which increases the discount at which it sells. However new pipelines are in the works that will allow producers greater access to the U.S. Gulf of Mexico Coast, where refineries are looking for additional heavy oil to offset declining supplies from Mexico. For full story, click [...]
Deloro Resources reports private placement
Deloro Resources reports its non brokered private placement of 2,200,000 units. The shares and share purchase warrants have a four month hold period that will expire May 14, 2009 The proceeds from this private placement will be used for working capital to continue our ongoing development program on our Wilkie Project in Saskatchewan, Canada. For full [...]
Deloro Resources: Wilkie update
Deloro Resources reports an update to all its shareholders on its project development and its recent activities. Deloro would like to thank the Municipal Council of Redford (Wilkie District) and acknowledge their exemplary co-operation in helping secure certain right-of-ways at specific points along the proposed power line. At a council meeting held on October 9th, [...]
Sonic financing for heavy oil upgrading
Sonic Technology Solutions Inc. announced that it has closed the private placement first announced on December 24th 2008 . For full story, click here
Petrobras CEO Says Tupi Oil ‘Viable’ at Current Price
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
‘Oil price crash has put energy industry in havoc’
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks gives us his latest thoughts on the bumpy road ahead and where he sees opportunities in the energy sector. For full story, click here
