State-run Kuwait Oil Company has invited interest from contractors for services to enhance oil recovery, as part of the Opec member’s plans to boost its production potential. For full story, click here
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Monday, June 8, 2009
The US’ Chevron Corporation will launch a $337m steam injection pilot scheme in a bid to boost heavy oil output at its concession in the neutral zone, between Kuwait and Saudi Arabia, in the second half of 2009. For full story, click here
Continue reading "US Chevron to launch $337 mln"
Wednesday, May 6, 2009
Kuwait Gulf Oil Co. has planned to invest around $11 billion in the next 20 years to boost oil output capacity to 900,000 barrels per day from a divided zone it shares with Saudi Arabia. For full story, click here
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Wednesday, May 6, 2009
Kuwait’s state refining company is planning to partially shut a 50,000 barrels per day heavy oil unit at its Shuaiba refinery for scheduled maintenance in May. For full story, click here
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Monday, February 9, 2009
Kuwait has reduced its output plan for heavy oil from northern fields after recent gas and light crude discoveries, an oil official said in published remarks. For full story, click here
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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"
Wednesday, August 27, 2008
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 [...]
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Wednesday, August 13, 2008
Haliburton’s CEO David Lesar was quoted as saying: Halliburton wants to be involved in Kuwait’s plans to produce an extra 700,000 barrels a day of heavy oil, which is more difficult to pump than conventional reserves. For more information, click here Visit Haliburton’s website here
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Wednesday, July 30, 2008
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 [...]
Continue reading "Upgrader: July 30"
Monday, July 28, 2008
Kuwait will be issuing tenders to invite bids for upgrading two of its three existing oil refineries. For full news, click here
Continue reading "Kuwait looking to upgrade existing oil refineries"
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Monday, August 3, 2009