Action Energy declared 2008 Energy Results
Action Energy Inc. declared its energy results for the year ended December 31, 2008. For full story, click here
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Featured Heavy Oil Companies
SK Energy will refine less crude oil on margins
Thursday, April 30, 2009
SK Energy Co., Asia’s fourth- biggest refiner, will further slash the operations in May on weaker returns from processing crude oil and a slowdown in regional fuel demand. For full story, click here
Read the full article: "SK Energy will refine less crude oil on..."
Ivanhoe Energy will present at Raymond James Oil Sands Conference
Thursday, April 30, 2009
Ivanhoe Energy Inc.’s will present an overview of Ivanhoe Energy’s two heavy-oil projects- Tamarack in Canada and Pungarayacu in Ecuador, as well as technology updates on the company’s proprietary heavy oil upgrading technology at the Raymond James Ltd. Oil Sands of Canada Conference in New York on Monday, May 4, 2009 at 1 p.m. eastern [...]
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Xcite Energy obtained 160 mln pounds budget boost
Wednesday, April 29, 2009
Xcite Energy gushed higher Wednesday after the developer of heavy oil assets in the UK North Sea declared that last week’s Budget will cut its tax bill by £160m. For full story, click here
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Petrobank Energy declared $101 mln bought deal offering
Wednesday, April 29, 2009
Petrobank Energy and Resources Ltd. declared that Petro International Ltd. has entered into an agreement with a syndicate of investment dealers, led by TD Securities Inc. and Haywood Securities Inc., pursuant to which the Underwriters have agreed to purchase for resale to the public, on a “bought deal” basis, an aggregate of 9.9 million common [...]
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Venezuala announce delay in bids, insists on Orinoco Oil Field
Wednesday, April 29, 2009
Any hope that the slump in global oil demand might nudge President Hugo Chávez government into relaxing his policy of insisting on majority state control or allowing international arbitration over potentially huge heavy oil reserves in the Orinoco Basin appear to be on hold at best. For full story, click here
Read the full article: "Venezuala announce delay in bids, insists on..."
Valero Energy profit rose on higher refining margins
Tuesday, April 28, 2009
Valero Energy Corp., the leading U.S. oil refiner, declared first-quarter profit surged 18 percent on increased margins for processing crude into gasoline and other petroleum products. For full story, click here
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PetroChina has offered fresh evidence of oil destocking
Tuesday, April 28, 2009
PetroChina has cut its crude output and refinery throughput in the first quarter to drain heavy inventories, setting the stage for a possible production recovery soon. Liu Keyu, deputy head of Research Institute of Economics and Technology under CNPC, stated: Companies have built up very high inventories from the fourth quarter last year, starting with [...]
Read the full article: "PetroChina has offered fresh evidence of oil..."
Husky Energy first quarter profits dipped 63 percent
Tuesday, April 28, 2009
Canada’s No. 3 oil producer and refiner Husky Energy Inc’s first-quarter profit dipped 63 percent as production slipped and heavy oil prices weakened with world economies. For full story, click here
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Petrominerales Corcel-D3 well produced 8,400 bopd
Monday, April 27, 2009
Petrominerales Ltd., a 76.8% owned subsidiary of Petrobank Energy and Resources Ltd., declared that our Corcel-D3 well is producing 8,400 barrels of 27.5 degree API oil per day, at a 23% water cut, from 31 feet of high quality sand, following a successful completion in the Mirador formation. For full story, click here
Read the full article: "Petrominerales Corcel-D3 well produced 8,400..."
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Thursday, April 30, 2009