As per a study, Alberta will certainly miss out on the opportunity to create thousands of high-quality jobs in oil sands upgrading and petroleum refining without aggressive government intervention. For full story, click here
Canadian Oil Sands Trust declared that it has filed the results of the independent evaluation of its reserves and a review of its resources for the Syncrude Project leases at December 31, 2008 with the Canadian securities administrators on the SEDAR web site. For full story, click here
Suncor Energy’s bold $19.2-billion takeover of Petro-Canada resets the landscape for the oil sands because it keeps in Canadian hands a big part of the industry, while giving birth to a new global oil giant with Canadian headquarters. For full story, click here
Nautical Petroleum plc, the independent Exploration and Production company specialising in the development of heavy oil assets in the UK and Europe reported its Interim Results for the six month period to 31 December 2008. For full story, click here
BP PLC reported to have commenced the restart of an ultraformer at its Texas City, Texas refinery March 23. The restart process is expected to last until Mar. 26. For full story, click here
Connacher Oil and Gas Ltd.’s declared that its Algar oilsands project will remain on hold for the time-being. For full story, click here
Suncor Energy Inc., an integrated energy company headquartered in Calgary, Alberta with its oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas, showcased the best of the best at its President’s Operational Excellence Awards on March [...]
Energy Finders while preparing report on evaluation of the Trinity Sands at 990 feet to 1100 feet, recommended another drill hole near the above proposed location, should be drilled at 960 feet, cased and penetrating the separate Trinity Sands, swab tested, looking for Oil in those sands and a possible steam flood prospect. For full [...]
Southern Pacific Resource Corp. declared that it has entered into a definitive agreement to acquire Saxony Petroleum Inc., a private Alberta-based oil and gas company so as to provide Southern Pacific with additional cash flow from conventional production as the Corporation continues to focus on the significant potential of its Alberta oil sands assets. For [...]
Venezuelan economic authorities are fine tuning the policies to be implemented amidst falling revenues. Ricardo Sanguino, chair of the Finance Committee, National Assembly, said: We cannot say that the current price of oil is USD 60. The price has stabilized. However, the current price is not the real value of oil. For full story, click [...]
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