Ivanhoe Energy Ecuador declared that it has received approval to assume control of Block 20 and initiate operations on the Pungarayacu field in Ecuador. This follows the receipt by Ivanhoe Energy Ecuador of a key environmental license issued by the Ecuadorean government, related to the development of the field. For full story, click here
Ecuador’s state oil company, Petroecuador announced that it has received $281 million for its exports in March compared with $563 million during the same month a year ago. For full story, click here
Ivanhoe Energy Inc.’s will present an overview of Ivanhoe Energy’s two heavy-oil projects- Tamarack in Canada and Pungarayacu in Ecuador, as well as technology updates on the company’s proprietary heavy oil upgrading technology at the Raymond James Ltd. Oil Sands of Canada Conference in New York on Monday, May 4, 2009 at 1 p.m. eastern [...]
Ivanhoe Energy of Ecuador has signed a contract with state oil forms Petroecuador and Petroproduccion to explore and build the Pungarayacu heavy-oil field. The company plans to utilizing its heavy-to-light upgrading technology. For full story, click here For Ivanhoe Energy’s website, click here
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
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 [...]
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