Heavy Oil Investing News

Twoco Petroleums to Sell 70 Percent Interest in Alberta Heavy Oil Property

Charlotte McLeod — Tue, 11 Sep 2012 17:17:36 +0000

Twoco Petroleums Ltd. (TSXV:TWO) announced that it plans to sell 70 percent of its working interests in its Alberta-based Sparky heavy oil property to an oil and gas investment fund located in Seoul, Korea for C$28 million as per an arm's length definitive agreement.

NuVista Announces C$236 Million Sale of Natural Gas and Heavy Oil Properties

Charlotte McLeod — Mon, 10 Sep 2012 22:39:39 +0000

NuVista Energy Ltd. (TSX:NVA) announced that it plans to sell three of its natural gas and heavy oil properties for C$236 million in order to repay its debt.

Western Canada Select’s Discount to WTI up $3.50

Anne Bagchi — Mon, 20 Aug 2012 23:36:10 +0000

Bloomberg reported that Western Canada Select's discount to West Texas Intermediate edged up $3.50 to $11 a barrel.

EV Energy and EnerVest: Utica Shale’s 2nd Well Produces 1,690 BOED

Anne Bagchi — Mon, 20 Aug 2012 22:08:42 +0000

EV Energy Partners, L.P. (NASDAQ:EVEP) and EnerVest, Ltd. reported that second well in the Utica Shale produced 1,690 barrels of oil equivalent per day.

Santa Maria Petroleum Starts Test Production of Flami-1 Well

Anne Bagchi — Mon, 20 Aug 2012 21:53:26 +0000

Santa Maria Petroleum Inc. (TSXV:SMQ) has started test production of the Flami-1 well at the Llanos 27 block.

U.S. Plans to Raise Oil Import From Saudi by 20% in 2012

Anne Bagchi — Sat, 18 Aug 2012 03:35:51 +0000

New York Times reported that according to the Energy Department, U.S. has planned to raise oil import from Saudi by 20 percent in 2012 and has already imported 1.45 million barrels of oil from Saudi Arabia in the first five months of 2012.

Sunshine Oilsands Plans JV with China Petrochemical

Anne Bagchi — Thu, 16 Aug 2012 23:04:16 +0000

Bloomberg reported that Sunshine Oilsands Ltd. (HKG:2012) plans joint venture to explore its oil sands reserves with China Petrochemical Corp.(NYSE:SNP)

Primary Petroleum Updates on its Operations at Pondera-Teton Prospect

Anne Bagchi — Thu, 16 Aug 2012 19:46:49 +0000

Primary Petroleum Corporation (TSXV:PIE) updated on its operations at the Pondera-Teton Prospect in NW Montana.

Tamarack Valley’s Production in 2012 Q2 Rises by 152 percent

Anne Bagchi — Thu, 16 Aug 2012 19:41:19 +0000

Tamarack Valley Energy Ltd. (TSXV:TVE) reported that its production in the second quarter of 2012 rose by 152 percent to 2,193 boe/d.

Connacher Oil and Gas Ltd’s Share Plunges 9.3 Percent

Anne Bagchi — Thu, 16 Aug 2012 05:21:55 +0000

Bloomberg reported that Connacher Oil and Gas Ltd's (OTC Pink:CLLZF) shares plunged 9.3 percent after it has decided to sell a Montana refinery.