Energy firms are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. For full story, click here
Continue reading "Oil-Sands Spending to decline 20%"
Thursday, October 16, 2008
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, [...]
Continue reading "Upgrader: elections special"
Thursday, October 2, 2008
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 [...]
Continue reading "Upgrader: The end of the beginning"
Monday, August 25, 2008
Petroecuador is in advanced discussions with Ivanhoe to develop heavy oil field in Ecuador’s Oriente basin. Luis Jaramillo, President of Ecuador’s Petroecuador, said: Ivanhoe Energy Inc., Vancouver, BC, would begin work within 9 months towards the production of heavy crude oil from Pungarayacu heavy oil field on Block 20 in Ecuador’s Oriente basin, according to [...]
Continue reading "Petroecuador seeks to develop Block20 Heavy Oil"
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Tuesday, November 11, 2008