Oil executives around the world perked up when Venezuela announced more than a year ago that it would open the door to some of the world’s leading hydrocarbon reserves with its first tender in a over a decade. For full story, click here
Pavilion Energy Resources, Inc. declared that as part of its growth strategy to secure income producing energy assets, PVRE is now finalizing arrangements to acquire its first income-producing US onshore oil-gas wells and reserves. For full story, click here
A South Korean consortium is offering to sell stakes in its oil fields in Yemen, estimated to hold 36 million barrels of crude reserves. For full story, click here
A South Korean consortium is offering to sell stakes in its oil fields in Yemen, estimated to hold 36 million barrels of crude reserves. For full story, click here
Output from Alberta’s oil sands region, the leading crude reserves outside the Middle East, will surge to 3 million barrels per day by 2018, the province’s energy regulator, even as it slightly lowered its estimate of the region’s reserves. For full story, click here
Total SA, Europe’s third-leading oil company, declared heavy oil from Canada and Venezuela will make up about 10 percent of its output and 15 percent of reserves within 15 years. For full story, click here
The identification of new reserves of Heavy Crudes off the north Matanzas coast may rise oil production in Cuba. For full story, click here
Petrobank’s heavy oil unit reserves increased by 171%. For full story, click here
Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. announced that the company has received its 2008 independent Reserves and Engineering Report and will be filing its Statement of Reserves and Economic evaluation of Oil and Gas Properties, consistent with the requirements of Form 51-101, shortly. For full story, click here
Baytex Energy Trust announces 2008 year-end reserves, the appointment of Mr. Edward Chwyl as Lead Independent Director, an update regarding operational matters and a change to our monthly distribution level. For full story, click here
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