ONGC finds heavy oil in Persian Gulf
India’s ONGC Videsh has discovered a large oil field in the Persian Gulf, according to Iranian Offshore Oil Co (IOOC). For full story, click here
Articles Tagged "gulf"
Upgrader:Canadian election in focus
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news Ouch! For our Canadian investors in commodities, times have certainly been better. The TSX has been dragged downward by mining and energy concerns this week, and investors are understandably worried. Some see it as a natural part of a cycle, others as a [...]
Iran ships last load of heavy oil stored in Persian Gulf
An oil ministry official was quoted as saying: Iran is shipping the last load of heavy crude oil that was stored in tankers in the Persian Gulf to the Suez Canal for delivery to buyers. For full news, click here
Upgrader: September 3
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Oil prices drops to more than $7
Oil futures dropped to more than $7 a barrel on Tuesday after Hurricane Gustav hit the Gulf region with less force and apparently less damage than initially estimated. Cathy Landry, a spokeswoman for the American Petroleum Institute said: We’re still in assessment mode, but so far, things are looking good. For more information, click here
Upgrader: August 27
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market and international news Falling natural gas prices are a boon to oil sands operators, so if prices remain low in the upcoming months, Q3 results should improve, especially for refiners. A common theme in the Q2 results released a couple weeks ago was the bite [...]
Upgrader: August 14
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
Upgrader: August 6
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
TransCanada ahead in the race to Gulf
TransCanada, after securing enough shipping commitments to go ahead with a massive expansion to its Keystone pipeline, looks ahead of Enbridge in the race to Gulf. For full news, click here
