Articles Tagged "Exxon"

Counting Oil Sands in Reserve Replacement

Exxon’s ability to replace its oil reserves is almost as legendary as its profitability. While many of its supermajor rivals struggle to make it to 100 per cent, Exxon declared a 103 per cent replacement in 2008. For full story, click here

Upgrader: July 30

 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 [...]

Venezuela threatened to cut oil supplies to US

Venezuelan President Chavez threatened to cut oil supply to US, if US oil gian Exxon makes another successful attempt to freeze overseas financial accounts of Petroleos de Venezuela SA. Chavez was quoted as saying: If they freeze us, there’s no more oil for the United States, and the price of crude will go to $300 a [...]