Tag Archive | "oil"

Deloro Begins Production Testing

Wednesday, June 10, 2009

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.

Venezuala announce delay in bids, insists on Orinoco Oil Field

Wednesday, April 29, 2009

Any hope that the slump in global oil demand might nudge President Hugo Chávez government into relaxing his policy of insisting on majority state control or allowing international arbitration over potentially huge heavy oil reserves in the Orinoco Basin appear to be on hold at best. For full story, click here

PetroChina has offered fresh evidence of oil destocking

Tuesday, April 28, 2009

PetroChina has cut its crude output and refinery throughput in the first quarter to drain heavy inventories, setting the stage for a possible production recovery soon. Liu Keyu, deputy head of Research Institute of Economics and Technology under CNPC, stated: Companies have built up very high inventories from the fourth quarter last year, starting with [...]

Oil demand will pick up in 2010

Monday, April 27, 2009

The slump in oil prices could end up cutting the growth in future oil supply in half from what would have been anticipated during the high price period, according to a study from Cambridge Energy Research Associates, an IHS company. CERA Senior Director Peter Jackson stated: The inventory of potential new oilfield developments, including fields [...]

U.K Govt. aimed to boost Oil and Gas Devt. with Tax Cuts

Thursday, April 23, 2009

U.K. Chancellor of the Exchequer Alistair Darling declared that he will introduce tax incentives to encourage the development of smaller oil and gas fields in the North Sea with the aim of squeezing an extra 2 billion barrels equivalent out of the rapidly declining region. For full story, click here

Deloro Pilot Test Moves Forward

Monday, April 20, 2009

Deloro Resources (CVE:DLL) annouced today that CSA approval has been received and SaskPower has cleared the Wilkie Project site for eletrification. The pilot test will be starting shortly.  Deloro will be testing Electro-Petroleum Inc.’s enhanced oil recovery technology. Click this link to see the full release.

Canadian oil sands industry threatens millions of birds: study

Wednesday, December 3, 2008

Extraction and refining of heavy oil from Canada’s oil sands threatens to kill as many as 166 million migratory birds over the next 30 to 50 years, according to a report released.  For full story, click here  

Petrocan backs off oil sands

Monday, November 24, 2008

For the second time in five years, Petro-Canada backtracked on its oil-sands plans, deferring until next year a decision on whether to proceed with a bitumen mine near Fort Mc-Murray, Alta., and shelving indefinitely construction of an upgrader near Edmonton. For full story, click here

Oil sands to stimulate Canada’s economy

Monday, November 24, 2008

The oil sands are a reliable, stable supply of energy that will help stimulate the economy. For full story, click here

Is it an odd time to invest in oil wells?

Wednesday, November 12, 2008

With the price of crude mired at half the peak of $147 it reached in July, this may seem like an odd time to invest in oil wells. For full story, click here

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