Baytex Energy Trust agreed to purchase heavy-oil assets in southwest Saskatchewan and natural-gas properties in west-central Alberta for C$93 million. For full story, click here
Continue reading "Baytex Energy Trust will acquire Heavy-Oil Properties"
Thursday, July 2, 2009
Canacol Energy Ltd. declared that it has been awarded the Pacarana Technical Evaluation Area by the National Hydrocarbon Agency of Colombia. Charle Gamba, President and CEO of Canacol, stated: This contract provides us with access to potentially material exploration prospects similar in nature to its Capella heavy oil discovery on the Ombu E&P contract, which [...]
Continue reading "Canacol Energy declared award of the Pacarana TEA"
Friday, June 26, 2009
SONIC Technology Solutions Inc. declared that the Company and Shell Canada Energy have jointly filed a patent application for the recovery of bitumen from oil sands. For full story, click here
Tuesday, June 23, 2009
In its June report on Alberta’s 2008 reserves and supply-demand outlook for 2009-18, Alberta’s Energy Resources Conservation Board has lowered its forecast of bitumen production to 2.7 million b/d in 2018. Last year’s report showed production reaching 3.2 million b/d in 2017. For full story, click here
Continue reading "ECRB has lowered Alberta’s Oil Sands Output Forecast"
Tuesday, June 23, 2009
It is deplorable that environmental groups are trying to halt production of Canada’s oil sands, the leading source of recoverable oil in North America and increasingly important for our nation’s energy security. For full story, click here
Continue reading "Oil Sands have fueled energy security"
Friday, June 19, 2009
In its June report on Alberta’s 2008 reserves and supply-demand outlook for 2009-18, Alberta’s Energy Resources Conservation Board lowered its forecast of bitumen output to 2.7 million b/d in 2018. Last year’s report showed production reaching 3.2 million b/d in 2017. For full story, click here
Continue reading "ECRB has lowered Oil Sands Production Forecast"
Tuesday, June 16, 2009
UTS Energy Corp. declared that it has begun to plot out new ways to develop the delayed Fort Hills oil sands project but decisions must wait until Suncor Energy Inc. has closed its takeover of the operator, Petro-Canada. For full story, click here
Tuesday, June 16, 2009
Canacol Energy Ltd. declared the following operational update associated with its Capella heavy oil discovery in Colombia. For full story, click here
Monday, June 8, 2009
Energy Quest, Inc. , an emerging leader in alternative energy, declared that its wholly owned subsidiary, WaveChem, Inc. has continued its plans on the development and construction of its Heavy Crude Oil Upgrader located in Alberta. Wilf Ouellette, President and CEO of Energy Quest, stated: Energy Quest feels its upgrader technology has a great potential [...]
Continue reading "Energy Questwill begin construction of its Oil Upgrader"
Friday, June 5, 2009
Suncor Energy declared that output at its oil sands facility during May averaged approximately 296,000 barrels per day. Year-to-date oil sands production at the end of May averaged approximately 286,000 bpd. For full story, click here
Continue reading "Suncor Energy has updated oil sands output for May 2009"
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Wednesday, July 8, 2009