The Sierra Club, Greenpeace and 28 other North American environmental groups are calling on the United States and Canada to boost investments in clean energy, halt industrial fishing in the Arctic and freeze expansion of the Alberta’s oil sands a key source of U.S. petroleum imports and greenhouse gas emissions. For full story, click here
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
A plan by Canadian National Railway Co. to deliver Alberta’s heavy oil in tanker cars rather than pipelines could save oil firms billions of dollars while helping smaller oilsands projects south of Fort McMurray get product to market, the North American rail giant believes. For full story, click here
Guatemala’s bidding process for 12 oil and natural-gas blocks may commence in June, which could result in the Central American nation becoming self- sufficient in oil and fuels in as little as seven years. For full story, click here
Federal and Alberta officials reported that they will make a last-ditch effort in California today to head off a regulation that would target oil sands emission levels and create a new barrier to the export of the unconventional oil. Alberta Energy spokesman Jason Chance stated: We want to make sure that all sources are assessed [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
With the recent pullback in oil stocks, several lesser know South American oil companies are now attractive value stories. For full news, click here
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