Deloro Resources (CVE:DLL) announced today that they have begun production test at their Wilkie project ni Canada. Deloro is testing “electrically enhanced oil recovery” on heavy oil properties. The release states that testing has begun on one of the six wells on the property. Click here to see the full release.
Continue reading "Deloro Begins Production Testing"
Friday, April 24, 2009
Suncor Energy Inc., the oil-sands producer that agreed last month to purchase Petro-Canada, posted a second straight quarterly loss after the global recession dragged down crude prices. For full story, click here
Continue reading "Suncor Energy posted second loss after heavy oil plunged"
Friday, April 24, 2009
Asian and Middle East energy ministers may agree this weekend that letting oil prices surge eventually in order to stimulate investment is just as vital as keeping crude at $50 for now to aid the ailing global economy. For full story, click here
Continue reading "Asia, Mideast to debate whether or not heavy oil should rise"
Wednesday, April 22, 2009
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
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Thursday, January 15, 2009
Deloro Resources reports an update to all its shareholders on its project development and its recent activities. Deloro would like to thank the Municipal Council of Redford (Wilkie District) and acknowledge their exemplary co-operation in helping secure certain right-of-ways at specific points along the proposed power line. At a council meeting held on October 9th, [...]
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Thursday, November 6, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
Continue reading "Upgrader:Harper’s gambit"
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"
Wednesday, October 8, 2008
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 [...]
Continue reading "Upgrader: Tight belts"
Thursday, September 18, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Brass tacks In markets like these, it behooves investors, advisers, businesspeople and journalists to return to first principles. May I first offer a mea culpa for failing to forecast the precipitous decline in barrel prices? Sorry. Getting down to brass tacks, the economic fundamentals of [...]
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Friday, September 12, 2008
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 [...]
Continue reading "Upgrader:Canadian election in focus"
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Wednesday, June 10, 2009