Oil-Sands Spending to decline 20%
Energy firms are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. For full story, click here
Articles Tagged "reserve"
Iran has 85b barrels heavy oil reserve
Mohammad-Ali Emadi, director of research and development at the National Iranian Oil Company (NIOC), said: Iran has more than 85 billion barrels of recoverable heavy oil. For full story, click here
Upgrader: August 14
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
Sentinel reports Reserve Information
Sentinel’s President and CEO Tyler Cran was quoted as saying: We are pleased and encouraged by the reserve increases in all categories. As a result of our last drilling operations, we have established Proved Reserves, our Proved plus Probable Reserves (2P) have increased by 1,770% and our Proved plus Probable plus Possible (3P) Reserves by [...]
