Connacher Oil and Gas Ltd said it would restrict production of bitumen, a form of heavy oil, at its Great Divide thermal project in the oil sands to 5,000 barrels a day (bpd) from 9,000. For full story, click here
Continue reading "Connacher would stop production"
Monday, February 2, 2009
State-controlled gas and oil multinational Petrobras announced that the company’s average oil production in Brazil was 1,844,940 barrels a day in November, an increase of 4.6% over the same month in 2007 and a reduction of 1.5% over October. For full story, click here
Continue reading "Petrobras’ average oil production was 1,844,940 bpd"
Friday, January 23, 2009
Connacher Oil and Gas Ltd. has reinstated full steam and production at its Alberta oilsands project on stronger heavy oil differentials, the company said. For full story, click here
Continue reading "Connacher goes full steam ahead"
Monday, January 5, 2009
The economics of heavy oil production can vary widely, with conventional producers still able to turn a profit at current prices while the thermal oil sands operations may struggle. For full story, click here
Continue reading "Economics of heavy oil production"
Wednesday, December 31, 2008
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher. For full story, click here
Continue reading "Canada heavy oil firms try to weather price storm"
Tuesday, December 2, 2008
Bronco Energy Ltd. is pleased to announce recent significant increases in production from its Upper Wabiskaw heavy oil field at Wabasca, Alberta.. For full story, click here
Continue reading "Bronco Announces Wabiskaw Production Update"
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 30, 2008
Murphy Oil Corp. said Wednesday that the company’s profits more than doubled in Q3 results. It gave reasons like record-high prices and big output gains on on overseas fields for the robust rearnings. Murphy President and CEO Claiborne Deming said: Although the lower oil prices seen in recent weeks have curtailed exploration and production earnings, the decline has [...]
Continue reading "Murphy’s profit up on stronger prices, production"
Monday, October 27, 2008
The economies of heavy oil-producing countries are the ones that are least affected by the effects of the financial turmoil. For full story, click here
Continue reading "Financial turmoil: Heavy oil-producing nations least affected"
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"
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Tuesday, February 3, 2009