Russia will raise oil export duties beginning June 1 to $152.8 per metric ton as global oil prices recover amid a thawing economic climate. For full story, click here
Read the full article: "Russia will raise heavy oil export duties"
Friday, May 29, 2009
Action Energy Inc. declared its results for the first quarter ended March 31, 2009. For full story, click here
Read the full article: "Action Energy declared its Q1 results"
Thursday, May 28, 2009
Blacksands Petroleum, Inc. declared that Mr. Paul A. Parisotto intends to resign as an officer and director of the Company at the Company’s upcoming annual general meeting, if the shareholders approve the Company’s proposal to sell a portion of its shares of Access Energy Inc., its majority-owned subsidiary, to the other shareholder of Access, as [...]
Read the full article: "Blacksands announced further corporate..."
Thursday, May 28, 2009
The Northwest Territories Association of Communities, which represents all 33 communities, including some First Nation groups declared that it is taking aim at the Alberta government and unanimously passed a resolution calling for a halt to approvals of new oilsands projects. For full story, click here
Read the full article: "Northwest Territories Association group..."
Thursday, May 28, 2009
Optimism in Alberta is on the surge with heavy oil closing at a six month high on Wednesday. Benchmark light crude oil surged $1 to close at just over $63 US per barrel. For full story, click here
Read the full article: "Higher oil prices fuel optimism for..."
Wednesday, May 27, 2009
Inter Pipeline Fund declared that it has agreed to ship ultra-light oil to Imperial Oil Ltd’s newly approved Kearl oil sands project, spending $121 million to connect the facility to its existing pipeline network. For full story, click here
Read the full article: "Inter Pipeline will ship diluent for..."
Wednesday, May 27, 2009
A subsidiary of the Viet Nam Oil and Gas Group and a local company declared that they have been chosen by the Venezuelan Ministry of Energy and Petroleum to set up a joint venture to explore for oil in the Latin American country. For full story, click here
Read the full article: "Petro Vietnam will explore Venezuala"
Wednesday, May 27, 2009
Ivanhoe Energy Ecuador declared that it has received approval to assume control of Block 20 and initiate operations on the Pungarayacu field in Ecuador. This follows the receipt by Ivanhoe Energy Ecuador of a key environmental license issued by the Ecuadorean government, related to the development of the field. For full story, click here
Read the full article: "Ivanhoe Energy Ecuador received approval for..."
Monday, May 25, 2009
Prudent greenhouse gas regulations can safely limit emissions in Canada’s oil sands while allowing robust development, according to a new report from the Council on Foreign Relations. For full story, click here
Read the full article: "CFR: Regulations can balance oil sands and..."
Monday, May 25, 2009
The Venezuelan Petroleum Corporation declared that it has received a permission to set up a joint venture with the PetroVietnam Exploration and Production Corporation to explore and exploit oil in the Orinoco belt. For full story, click here
Read the full article: "Venezuala Petroleum cooperated with Vietnam..."
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Friday, May 29, 2009