Rex Tillerson, has headed the world’s leading international oil company, has dismissed biofuel from food plants as “moonshine” and told shareholders he would avoid the business, as he was not an expert in agriculture. For full story, click here
Oilsands Quest Inc. declared that its participation at the Canadian International Petroleum Conference being held in Calgary from June 16-18, 2009. For full story, click here
Connacher Oil and Gas Ltd., a Calgary-based oilsands producer and international operator, declared that it has approved the restart of the Algar oilsands project after closing a major financing for the project. For full story, click here
When Saudi Aramco summoned its main international contractors to a meeting at its Al-Khobar headquarters in the first week of March, the assembled executives could be forgiven a sense of trepidation. With oil prices barely one-third of their mid-2008 peak of nearly $150 a barrel, the news from the world’s leading oil producer was unlikely [...]
International Finance Corp. announced that it has agreed to financially support further privatization of Albania’s Patos Marinza oil field with a $50 million loan to Bankers Petroleum Ltd., Calgary. For full story, click here
Petrobank Energy and Resources Ltd. declared that Petro International Ltd. has entered into an agreement with a syndicate of investment dealers, led by TD Securities Inc. and Haywood Securities Inc., pursuant to which the Underwriters have agreed to purchase for resale to the public, on a “bought deal” basis, an aggregate of 9.9 million common [...]
Get our independent commentary on heavy oil trends and companies delivered to your inbox.
