China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, has got government approval to construct a giant refinery in the southern Guangdong province. For more information, click here
Read the full article: "CNPC gets green signal for refinery project"
Friday, February 27, 2009
Pearl Exploration and Production Ltd. reported its financial and operating results for the three and twelve months ended December 31, 2008. For more information, click here
Read the full article: "Pearl reports 2008 Q4, Annual Results"
Thursday, February 26, 2009
Can you imagine a future with a lot more heavy oil refineries processing oil sands, but with no or little rise in greenhouse gases? President Obama can. For full story, click here
Read the full article: "Clean oil sands. Really?"
Thursday, February 26, 2009
The plain truth is that Canada requires the oil sands as it has replaced Ontario manufacturing (or at least pulled even with it) as the economic engine of Confederation. For more information, click here
Read the full article: "Canada requires the oil sands"
Tuesday, February 24, 2009
TransCanada Corp. views California as a potential future market for Canadian crude oil. For full story, click here
Read the full article: "TransCanada sees California as possible..."
Tuesday, February 24, 2009
Investment in Alberta’s oilsands will be $97 billion less than expected in 2009 due to economic meltdown, a new report states, but whether that slowdown will be an economic calamity or a “golden opportunity” for industry and government remains to be seen. For more information, click here
Read the full article: "Slowdown of Oilsands Could be “Golden..."
Monday, February 23, 2009
Xcite Energy announced the results of the new Competent Person’s Report (CPR), dated and effective on February 20, 2009, following the successful drilling and testing of the 9/3b-5 well by Xcite Energy on the Bentley field in February 2008. For more information, click here
Read the full article: "Xcite Energy’s North Sea well’s..."
Sunday, February 22, 2009
Petrobras has formed six new wholly owned subsidiaries as part of its petrochemicals and plastics project in Rio de Janeiro state. The USD 8.5 bn Rio de Janeiro Petrochemical Complex (Comperj), will process heavy oil from the Campos Basin. For full story, click here
Read the full article: "Rio de Janeiro petchems plan progresses"
Sunday, February 22, 2009
Imperial Oil Ltd has restarted a heavy-oil processing unit at its Sarnia, Ontario, refinery that was closed due to a fire last week. For full story, click here
Read the full article: "Imperial Oil resumes Sarnia refinery unit"
Sunday, February 22, 2009
Venezuelan President Hugo Chavez and Chinese Vice-President Xi Jinping have entered into an agreement to increase an existing bilateral strategic fund for oil development to $12 billion. Chavez said: Some 30 international oil companies are quantifying the reserves of heavy oil in Venezuela’s Orinoco belt, and that some 174 million bbl of crude already had been [...]
Read the full article: "China and Venezuela increase..."
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Friday, February 27, 2009