Heavy Oil Investing News

Palliser Expands Undeveloped Heavy Oil Land Position

Charlotte McLeod — Wed, 16 May 2012 17:56:06 +0000

Palliser Oil & Gas Corp. (TSXV:PXL) announced that during the first quarter of 2012 it expanded its undeveloped heavy oil land position to 19,618 net acres, an eight percent increase from the previous quarter.

Imperial to Move Forward with “Revolutionary” Project

Charlotte McLeod — Mon, 14 May 2012 17:48:24 +0000

Imperial Petroleum Inc. (OTCQX:IPMN) announced that it is now able to move forward with its Kentucky joint venture project, an oil recovery system that the company President has described as revolutionary.

Baytex Announces Increase in Heavy Oil Production for Q1 2012

Charlotte McLeod — Thu, 10 May 2012 17:51:35 +0000

Baytex Energy Corp. (TSX:BTE,NYSE:BTE) announced that its operating and financial results for the first quarter of 2012 include an increase in heavy oil production.

Canadian Heavy Oil Prices Continue to Drop

Charlotte McLeod — Wed, 09 May 2012 17:53:34 +0000

Reuters reported that refinery incidents in the US and Canada have contributed to a drop in Canadian heavy oil prices by heightening the effects of an already oversupplied market.

Canadian Heavy Oil Prices Pressured by Sarnia Incident

Charlotte McLeod — Tue, 08 May 2012 17:49:41 +0000

Reuters reported that unscheduled maintenance on a processing unit at Imperial Oil Ltd.'s (TSX:IMO) Sarnia, Ontario refinery is pressuring Canadian heavy oil prices.

Guide Exploration Announces Increase in Heavy Oil Price for Q1

Charlotte McLeod — Mon, 07 May 2012 16:37:18 +0000

Guide Exploration Ltd. (TSX:GO) announced that its financial results for the first quarter of 2012 include an increase in heavy oil production.

Canadian Natural Resources: 2012 Q1 Profit Rose 9 Times

Anne Bagchi — Thu, 03 May 2012 22:38:19 +0000

Reuters reported Canadian Natural Resources (NYSE:CNQ) 2012 first-quarter profit skyrocketed 9 times after light and heavy oil sales surged 5%.

Condor Petroleum: Zharkamys West 1 and Marsel Territory Update

Anne Bagchi — Thu, 03 May 2012 22:17:37 +0000

Condor Petroleum Inc. (TSX:CPI) reported on its operational activities at the Zharkamys West 1 Contract Territory and the Marsel Contract Territory in Kazakhstan.

Pemex’s First Quarter Profit Surged 33.9 Billion Mexican Pesos

Anne Bagchi — Thu, 03 May 2012 03:34:50 +0000

Reuters Africa reported Pemex's first quarter profit surged 33.9 billion Mexican pesos ($2.65 billion).

Marathon Petroleum: 2012 Q1 Net Income of $596 Million

Anne Bagchi — Wed, 02 May 2012 00:52:48 +0000

Marathon Petroleum Corporation (NYSE:MPC) announced its 2012 first quarter net income of $596 million.