Articles Tagged "Kuwait"

US Chevron to launch $337 mln

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

Shuaiba unit will be shut

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

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 [...]

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 [...]

Haliburton wants to be involved in Kuwait’s heavy oil plans

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

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 [...]