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
Continue reading "Guatemala will open bidding for Heavy Oil Areas"
Wednesday, July 30, 2008
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
Continue reading "Upgrader: July 30"
Friday, July 18, 2008
Pacific Rubiales Energy Corp. has been awarded two blocks in the heavy oil bidding round for Llanos basin in Colombia. Ronald Pantin, Chief Executive Officer of the company, was quotes as saying: We are very pleased with the results of the bidding round because it validates our strategy and confirms our commitment to develop heavy [...]
Continue reading "Pacific Rubiales wins two blocks in Colombian bidding"
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Tuesday, May 5, 2009